GST

Kolkata: Amit Mitra, principal chief adviser to CM Mamata Banerjee, on Wednesday said GST in its current form had lost the purpose for which it was rolled out."At the Bengal Business Conclave, Mamata Banerjee expressed her anguish over the current mess in GST and rightly said that I advised her to support GST. Why did I? In 2009, I brought to her attention that small and medium enterprises (MSMEs)...

NEW DELHI: Goods and services tax (GST) collections rose 10.2% to Rs 1,62,712 crore in September, driven by a 14% growth in domestic transactions. The finance ministry as well as tax experts expect the collections to get a boost during October and November as the festival season kicks in. Besides, tighter regulation and the inclusion of online gaming and casinos in the GST net are expected to help swell...