Finance Minister Arun Jaitley today said the implementation of the Goods and Services Tax (GST) regime is going smoother than expected in initial phase. <br/><br/>Addressing the 70th annual general meeting of the Indian Banks' Association in Mumbai, Mr Jaitley said the decision-making mechanism at the top between the Centre and the states has been reasonably institutionalised. <br/><br/>He said, the mechanism created to address day-to-day issues is robust. <br/><br/>The Minister said, the number of people coming under the network itself is now likely to expand gradually.<br/><br/>On demonetisation, Mr Jaitley said, it was a conscious effort to alter the saving and spending pattern of the Indian<br/>society, which was largely cash dependent. Mr Jaitley noted that stressed assets are core area of concern for the banking system.