Business Standard

Monday, December 23, 2024 | 10:39 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

GST rates distortionary, procedures complicated: Bengal FM Amit Mitra

Mitra said the peak rate of 28% should be completely abolished

Amit Mitra
Premium

Amit Mitra

Indivjal Dhasmana
West Bengal Finance Minister Amit Mitra came down heavily on the current as well as proposed mechanism of filing goods and services tax (GST) returns as well as "distortion" in the rate structure on Monday, when the Union government celebrated two years of the roll-out of the indirect tax regime.  

In a letter to Finance Minister Nirmala Sitha­raman, Mitra attributed sluggish GST collections to distortions in the GST rate structure and complexities in procedures. "Unless we are able to address these issues along with putting in place corrective steps to check tax evasion, we are still far from reaping the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in