West Bengal will lose tax collection power if it misses date with GST

Failing to clear laws by Sep 15 might land the debt-laden state in financial chaos

GST, tax

Avishek Rakshit Kolkata
West Bengal might lose its authority to collect taxes if its Assembly fails to pass the relevant goods and services tax (GST) Bill by mid-September.

State Finance Minister Amit Mitra has expressed inability to introduce the GST, at least in its current form, in the state by July 1 — the targeted roll-out date for the indirect tax regime. If he is unable to get the Bill cleared by the state Assembly, West Bengal would have to chalk out some sort of settlement plan with the Centre.

A tax expert said, according to the 122nd Constitutional Amendment, taxes levied by the Centre (excise duty, service tax, customs duty) and by states (VAT, entry tax, purchase tax, luxury tax) will be abolished by

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First Published: Jun 02 2017 | 1:59 AM IST

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