Amit Mitra On GST

Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM

Amit Mitra, principal chief advisor to the West Bengal chief minister Thursday charged that the Centre has not released Integrated dues to the tune of Rs 27,000 crore to states

He said the proposed hike, aimed to correct the inverted duty structure, must be deferred as markets in India were facing a double whammy of stagflation and coronavirus

West Bengal finance minister says Council should find ways to help the industry tide over present crisis

GST revenue fell below the Rs 1-trillion mark for the third straight month in October, and was 5.3 per cent lower than the corresponding month last year, at Rs 95,380 crore

States' developmental expenditure has gone up from 40 per cent to 60 per cent. There is a huge burden on states

Mitra said he had then opposed such hasty rollout as the computer systems were not prepared to deal with uploading of as many as 3 billion invoices

Reiterating his stand against the July 1 rollout of the Goods and Services Tax (GST), West Bengal finance minister, Amit Mitra, on Thursday said, the GST hasn't benefitted either the exporters or the micro, small and medium enterprises (MSME) in the country. Besides, the transition to GST hasn't been smooth."I had repeatedly said to postpone the launch of July 1; what is the impact - everyday postponements. They are saying that GSTN (Goods and Service Tax Network) could not take the load, this is what I had predicted but they did not pay heed to that," he said during an interactive session with industry body, ASSOCHAM.Mitra alleged that the GSTN has to handle around 300-340 crores of up-linking and the government tested it with 200 companies per state off which 30 per cent "didn't work well". The Mamata Banerjee led Trinamool Congress government is one of the sharpest critics of the July 1 rollout date of the GST. The government's stance is based on the projection that the MSME ...