He said the GST Network (GSTN) has the capacity to handle 1 lakh returns per hour, which translates to 24 lakh returns in a day.
Advocating removal of checkposts, he asked the states to adopt digital payment solutions.
A crucial meeting of GST Council was underway to discuss key issues relating to implementation of the new tax regime.
According to Rao's office, Jaitley agreed for transfer of defence land to the state for the purpose of construction of new secretariat.
Arun Jaitley said that he expected convergence of two GST rates into one, though ruling out a single rate of taxation under the new indirect tax regime.
Under the e-way mechanism, all goods worth over Rs 50,000 will have to be pre-registered online before they are moved for sale beyond 10 km.
"Objective of any taxation policy can't be that luxury goods becomes cheaper," he said.
Sisodia said that his govt will soon form GST committees in every market of the national capital to resolve tax-related problems
The govt gave some relief to taxpayers availing of transitional input tax credit under GST regime by giving them an extra week till Aug 28 to file tax returns.
The implementation of GST is testimony to the strength of the spirit of cooperative and competitive federalism in the country.
SBI LIFE INSURANCE
Subscribed 0.6, Day 3
A2Z INFRA ENGG
To Issue Rs 8 Cr Shares adding up to Rs 850 Cr
Issue amounts to 74% of Total Debt
Issue for one-time settlement to lending banks
To pay Rs 17.50 Cr in cash
To issue shares worth Rs 25 Cr
Total SICOM Debt outstanding at Rs 114.28 Cr
KNR CONSTRUCTION JV
Bags order worth Rs 884.47 Cr from Govt Of Telangana
Approves Allotment Of 3.35 Cr Shares Pursuant To QIP
Fresh Issue: 2.23 Cr
OFS: 1.11 Cr