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High debt to negate impact of high GST registrations in West Bengal

Total number of assesses under VAT regime in West Bengal was close to 98,000

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Namrata Acharya Kolkata
West Bengal has seen a surge in new Goods and Services Tax (GST) registration after its roll out. The state has topped the list of new registrations at around 200,000 new registrations since the roll out of GST on July 1. According to senior tax officials, one of the reasons behind the surge was the fact that traders involved in businesses like medicine shops, textiles, jewellery and wood work, among others, who were not in the tax net earlier, are now under GST network.

The total number of assesses under the value added tax (VAT) regime in West Bengal was