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December 1, 2014

GST not at cost of revenue loss: Amit Mitra

GST not at cost of revenue loss: Amit Mitra

The major concern states have regarding the Goods and Services Tax (GST) rollout is “revenue loss” and it is required to be addressed, the West Bengal government said today.

“We are not against GST but not at the cost of revenue loss. We should have constitutional right that revenue will not decline,” state Finance Minister Amit Mitra told the 82nd AGM of Oriental Chamber of Commerce.

Mitra said the major challenge for GST rollout was that it should come without losing revenue for states as each state had its unique problems which required to be addressed.


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