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An officer of the Central Goods and Service Tax (CGST) of Kolkata zone, informed that the GST revenue Collection from assessments, which are controlled by Central Administrator, in West Bengal has fallen a bit in June 2020, as compared to the collection of the same period in the previous year. As per the previous year’s […]
The Bengal has raised the threshold limit for an e-way bill of goods for intrastate movement. Now, the limit is up to Rs. 1 lakh which was previously up to Rs 50,000.
Following the implementation of GST in India, many shopkeepers are glad because of the reduced rates of their products while many others including the sweet sellers of West Bengal are unhappy because of increased tax rates on their products.
The West Bengal government said that the take off of Goods and Services Tax ought to be conceded in perspective of the enormous destabilizing move of demonetization till the economy was back on track.
Construction Chemicals producing firm Hindcon Chemicals Ltd suddenly changed its mind while placing their new plant earlier in the north. The sources said that in a meet, the company has now decided to project its new plant in the west.
The goods and services tax has proved to be a problem for even states too as the latest news from the finance minister of West Bengal Amit Mitra has confirmed. The minister said that there is a revenue shortfall of around 39,000 crores in the first four months of revenue collections which is much less than estimated.
Rural states those have low per-capita income such as Madhya Pradesh, Odisha, Bihar, Uttar Pradesh, Rajasthan, and West Bengal have contributed a lot in regards to the sales of automobiles post GST.
Asim Dasgupta was the previous Finance Minister of West Bengal who managed the Empowered Committee of State Finance Ministers.
