With GST just over a month away from becoming a reality, the roll-out itself has come under a cloud--- the Finance Minister of West Bengal Amit Mitra has said that GST in its current form is not ready for introduction from July 1 2017.
He also added that the Bengal legislature will not take up the bill until a solution is found.
Under VAT 1000 of them were under 14.5 percent and now they are at 28 percent, which means state would get 14 percent SGST and only 260 commodities remain.
So, with these rates centre will have to dole out a huge compensation. I have been saying that this is not revenue neutral.
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