"GST is always very useful for state like West Bengal": Finance Minister Swapan Dasgupta after 57th GST Council meet
In the recent 57th GST Council meeting, West Bengal Finance Minister Swapan Dasgupta emphasized the crucial role of GST in bolstering state revenue. He noted the intended structural reforms aimed at streamlining the ease of doing business. These proposed adjustments look to enhance GST compliance and expedite refund processing. The Council is optimistic about implementing improvements to GST…
West Bengal Finance Minister Swapan Dasgupta praised the 57th GST Council meeting as very, very positive, stating that GST is always very useful for a state like West Bengal. The meeting focused on structural reforms, particularly easing business processes, which Dasgupta believes will ultimately benefit West Bengal in the long term.
Compliance issues are a concern, but the minister expects increased awareness to improve the situation. The GST rates are expected to remain unchanged at the October 8 meeting, with the focus on procedural and structural reforms such as registration, refunds, input tax credit, and enforcement. The Council will also review input tax credit rules, refund processing times, and amendments to improve the registration process.
E-commerce sellers and exporters are among the groups expected to benefit from the proposed changes.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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