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Centre, states broadly agree on CGST, IGST provisions

Centre, states broadly agree on CGST, IGST provisions

The GST Council at a meeting on Saturday broadly agreed on the contours of two key legislations - CGST and IGST - but a final approval is likely only by mid-March.

Arun Jaitley skips Bengal Global Business event

Arun Jaitley skips Bengal Global Business event

In a setback to the 3rd edition of the Bengal Global Business Summit, Union Finance Minister Arun Jaitley did not attend the event today amid not-so-good current political relationship between the state and the Centre.

Mamata balancing industry and people's rights: Mitra

Banerjee will meet deputy prime minister of Singapore at Bangkok in November and will discuss on transformation of Singapore and West Bengal.

GST rate should not be too high, says Amit Mitra

GST rate should not be too high, says Amit Mitra

West Bengal Finance Minister and chairman of Empowered Committee of State Finance Ministers on GST Amit Mitra said the rate of tax which would be levied was not a part of the Constitutional amendment bill.

GST: 1% additional tax dropped; states to get full compensation for first 5 years

GST: 1% additional tax dropped; states to get full compensation for first 5 years

The Cabinet on Thursday cleared changes in the GST Constitutional Amendment Bill, dropping 1 percent manufacturing tax and providing guarantee to compensate states for any revenue loss in the first five years of rollout of the proposed indirect tax regime.

Breakthrough: Cabinet approves changes to GST Bill, states to get full compensation for first 5 years

Breakthrough: Cabinet approves changes to GST Bill, states to get full compensation for first 5 years

 The Union Cabinet on Wednesday approved changes in the GST Constitutional Amendment Bill providing for full compensation to states for first five years of roll out of the new indirect tax regime.

GST logjam: Centre, states make headway on key issues

GST logjam: Centre, states make headway on key issues

Making headway on the long- pending GST Bill, the Centre and States on Tuesday agreed on the principle that the tax rate will be lower than the current levels even as the broad consensus emerged that the rate should not be part of the statute.

Resolve dual control issue to facilitate GST: Amit Mitra

Resolve dual control issue to facilitate GST: Amit Mitra

There is an unanimous agreement among the states about no dual control on businesses with an annual turnover below Rs 1.5 crore and the decision has been conveyed to Union Finance Minister Arun Jaitley, the head of the empowered committee of state Finance Ministers said on Tuesday.

West Bengal budget to be presented on June 24

The budget session of the West Bengal assembly begins on Friday with the budget slated to be presented on June 24, Speaker Biman Banerjee announced here on Thursday.

GST deadlock: Dual control issue almost sorted out, says Amit Mitra

GST deadlock: Dual control issue almost sorted out, says Amit Mitra

There was "general consensus" on the issue of dual control over taxation structure between the Centre and states at the meeting of state finance ministers on GST, Empowered Committee Chairman Amit Mitra said on Tuesday.

Amit Mitra named chairman of GST committee of state Finance Ministers

Amit Mitra named chairman of GST committee of state Finance Ministers

He will succeed Kerala Finance Minister K M Mani who had to resign in November over corruption charges.

 

Higher revenue neutral rate can lead to leakages: Mitra on GST

A higher revenue neutral rate under the proposed GST law will lead to leakages, compliance issues, West Bengal Finance Minister Amit Mitra said Wednesday.

 

West Bengal credit-deposit ratio rises; still below national average

West Bengal's credit-deposit (C/D) ratio, a key indicator of a state's credit offtake, has inched-up to 68 percent, but was still below the national average of more than 70 percent.

GIC Singapore scouts for more opportunities in West Bengal

GIC Singapore, the sovereign wealth fund of the island nation, is trying to scout for more opportunities in West Bengal.

GST panel to elect its new chairman today

The Empowered Committee of State Finance Ministers will meet on Friday to elect its new chairman.

WB govt committed to development of MSME sector: Mitra

The West Bengal government was seriously committed to the development of the MSME sector in the state as it had the largest job creation potential, state's Finance and Industry Minister Amit Mitra said on Saturday.

War of words with Tata: Mitra says chapter now closed

A week after the war of words between him and industrialist Ratan Tata over industrialisation in West Bengal, Industries and Finance Minister Amit Mitra Thursday said the chapter is closed.

Ruia reopens Jessop after govt assures law and order

Jessop & Co, one of the oldest engineering companies of India, reopened on Saturday after the government assured the authorities on the law and order front.

Ratan Tata hits back at Amit Mitra's 'delusion' remark

Leading industrialist Ratan Tata on Thursday hit back at West Bengal Finance Minister Amit Mitra for remarks that he was suffering from "delusion" and said his anger was needless.

Bengal govt to provide banks space for opening branches

He said that banks would be offered typically spaces of around 400 square feet.