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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's debt at Rs 82,000 crore: Minister

The cumulative borrowings of West Bengal stand at Rs 82,000 crore since the Mamata Banerjee-led Trinamool Congress came to power in May 2011, state Finance Minister Amit Mitra said here on Friday.

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.

Centre approves West Bengal anti-chit fund bill

The Centre has approved an anti-chit fund bill passed by West Bengal Assembly in 2013, state Finance Minister Amit Mitra said on Tuesday.

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.

Mitra, Mishra differs over Bengal's debt status

West Bengal finance minister Amit Mitra and CPI(M) member and Leader of the Opposition Surya Kant Mishra today differed on the amount of debt piled up during 34 years of Left Front rule and the quantum likely to accumulate during the first five years of Trinamool rule.

Three MPs, one minister to accompany Mamata Banerjee to London

West Bengal Finance Minister Amit Mitra and three MPs from the state would accompany Chief Minister Mamata Banerjee in her maiden visit to London in July.

GST panel to elect its new chairman today

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

West Bengal to reduce stamp duty on properties worth above Rs 40L

The West Bengal government has proposed to reduce stamp duty on properties worth above Rs 40 lakh by a per cent to 6 per cent, state Finance Minister Amit Mitra has said.

DRDO should share research with private units: Amit Mitra

Calling for more participation from domestic companies in the defence sector, West Bengal Industries Minister Amit Mitra on Friday urged the DRDO to share its research findings and technology with Raksha Udyog Ratnas (RUR) to promote growth of the private units.

Amit Mitra justifies Trinamool's opposition to FDI in defence

Pakistani authorities Friday released 36 Indian prisoners from the Karachi district prison Malir.

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.