Bengal finance minister Amit Mitra has called for a comprehensive paper that will address all the issues and concerns related to the GST. Mitra in his letter highlighted key concerns, such as distortions in the rate structure, low collections, lack of a system-based matching of returns and lack of stability in the GSTN system. Mitra suggested a time-bound staggered approach to the GST rate rationalisation. “The rate structure of 28 per cent should be completely abolished on items other than sin goods and services. Also, there should be rationalisation of rates on goods and services attracting 12 per cent and 18 per cent GST so that most of the items are brought in the 12 per cent category,” he said.

Source: The Telegraph July 01, 2019 20:15 UTC