Maintaining a studied silence on the GST rollout date, Chairman of the Empowered Committee of Ministers on GST, Amit Mitra, today said “many issues needed to be resolved to make an ideal Goods and Services Tax”. Speaking on the sidelines of a pre-budget meeting with city-based business chambers and associations, Mitra, who is also West Bengal’s Finance Minister, said there are many unsettled issues. “We have finally been able to extract our demand for single state control on 90 per cent of GST taxpayers falling in the turnover bracket of Rs 20 lakh and Rs 150 lakh,” Mitra said. According to Mitra, the state is trying to help the business community for ease of business and other aspects to bring back tax buoyancy. In the last five years, tax collection in Bengal grew to Rs 44,000 crore from Rs 21,000 crore, he claimed.

Source: Hindustan Times January 28, 2017 11:44 UTC