Friday, November 8, 2024
₹0.00

No products in the cart.

HomeGST NEWSGST rates distortionary, procedures complicated: Bengal FM Amit Mitra

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Date:

Related stories

Service of Show Cause Notice on driver is not sufficient to be equated with adequate opportunity.

Case Details: Particular Details Case No. WP(MD)No. 24778 of 2022 Case Name Ramki Cements Pvt...

Anticipatory Bail for offences committed under GST Act

Case Details: Particular Details Case No. Bail Appln. No. 3771 of 2021 Case Name Tarun Jain...

In a letter to Finance Minister Nirmala Sitha­raman, West Bengal Finance Minister Amit Mitra attributed sluggish GST collections to distortions in the GST rate structure and complexities in procedures.  Mitra said that unless they are able to address these issues along with putting in place corrective steps to check tax evasion, they will still be far from reaping the benefit of revenue buoyancy, which was expected after introduction of GST.

He urged Sitharman to get a comprehensive paper prepared on the concerns and place it before the GST Council so that a collective decision can be taken on future course of action. He said the peak rate of 28 per cent should be completely abolished for items other than sin goods and services.

Source: https://www.business-standard.com/article/economy-policy/gst-rates-distortionary-procedures-complicated-bengal-fm-amit-mitra-119070200079_1.html

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

LEAVE A REPLY

Please enter your comment!
Please enter your name here