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As we all know that Kolkata is famous for rasgulla, Sandesh and mishti, But due to the high- GST tax rates on sweet dishes has put the sweet makers in the worrisome condition. However, Sweet Makers across West- Bengal are protesting for the Goods and Services Tax.
West Bengal is opposing not going forward with new indirect taxation regime as scheduled date i.,e 1st July, which may affect several consumers and manufacturers across the state. Though even 75 days after passing of Amendment Constitution GST Bill, it will be applicable by mid- September. All the states and the Centre have to adopt GST Regime and no need to pay several taxes like excise, service tax, VAT, central sales tax and entertainment tax.
It seems that there are no end to the disputes related to the ambitious goods and services tax, the Bengal finance minister has came up with the statement that there can not be implementation of goods and services tax from the July 1st and it will be under scanner as it contains various factors which prove fatal for the lower economy of the nation.
The migration of old existing West Bengal VAT dealers has been ongoing right now. The time period for the migration is 30/112016 to 15/12/2016. In upcoming details, we divided West Bengal migration process for VAT dealers. In the first step, we explain how to get the provisional Ids. In the second step, we explain that how to convert the provisional Id’s in the GST Id and password. In the last step, we explain what the mandatory requirements while filling GST registration form are.
West Bengal finance minister is relentlessly pressurizing the point that the demonisation effect will also cover the GST and its roll out in coming future. West Bengal finance minister Amit Mitra said that, “the timing is not right for its implementation, given the impact on state finances because of the partial demonetisation, Demonetisation of Rs 500 and Rs 1,000 currency notes, and the resulting turmoil, makes April 1, 2017, target date for a national goods and services tax (GST) unlikely.”
The trust issues are escalating with more data being shared with states by the center as the finance minister of West Bengal has given a discontentment sign with the data and has objected towards the center that it was manipulating the actual taxpayer base data all the time.
The government sources revealed that the West Bengal Assembly will be discussing the GST Bill around the first week of November. Previously, the assembly planned a two-day special session on August 26 and also proposed to rename West Bengal as Bengal, which was agreed by the members and passed later on. But, the GST bill ratification remained pending in the Assembly.
An AAR (authority for advance rulings) said that the companies can now take the benefits of ITC (Input Tax Credit) in the GST (Goods and Services Tax) reign even if the inputs that have to be paid between them comes from their books after making the amendments. The input also includes the tax that has […]
It is expected that the polymer downstream industry is all set to grow in the eastern region of the nation which also includes West Bengal.
