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Bengal to push for GST exemption up to Rs 50 lakh: Mitra

Press Trust of India  |  Kolkata 

would try to prevail upon the for giving exemption to businesses having an annual turnover of up to Rs 50 lakh, the state's Finance said today.

At present, the exemption limit for GST is for businesses having an annual turnover of Rs 20 lakh or less.

"Let the GST stabilise first. It has not yet stabilised as matching of invoices with vouchers was being done manually," said at a meeting of garment manufacturers and traders here.

He said the implementation of the new tax regime was done in a hurry, and the GST network had not been able to upload the GSTR2 yet for matching vouchers with invoices done through the GSTR1 (already uploaded online).

"The exemption limit can be raised gradually," he said.

also announced that requirement of bills for workers within the state was no longer needed.

This, he said, would apply to the garment manufacturers in

"The will help the industry (garment) to get more organised so that better margins are realised," the said.

Mitra said the state had already formed a JV with the (NID) of Ahmedabad for a design centre in West Bengal, and efforts would be made for designing of textiles as well.

He stressed upon the need for upgradation of the quality of garments and refrain from using 'azo-dyes', which bar the manufacturers from exporting to European countries.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 17:45 IST
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