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The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax ) used on the supply of goods and services. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all the indirect taxes except a few state taxes.
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India . 1 July is celebrated as GST Day. [ 4 ]
These are lists of Indian states and union territories by their nominal gross state domestic product (GSDP). GSDP is the sum of all value added by industries within each state or union territory and serves as a counterpart to the national gross domestic product (GDP). [1]
West Bengal Revenue Service (WBRS) is one of the Group A services under West Bengal Civil Services, recruited through a competitive examination conducted by West Bengal Public Service Commission. The service was created in 2017 merging four erstwhile services concerning revenue matter and revenue collection. [ 1 ]
In the third edition of the report released in 2020–21, West Bengal scored 62 while the national average rose to 66. [57] In the latest edition of the report during 2023-24 released on 12 July 2024, West Bengal saw a massive improvement of composite score to 70 putting it in the front-runner category while the national average rose to 71. [58]
In April, 2008, the EC submitted a report, titled "A Model and Road map for Goods and Services Tax (GST) in India" containing broad recommendations about the structure and design of GST. In response to the report, the Department of Revenue made some suggestions to be incorporated in the design and structure of proposed GST bill.
The by-elections for Bhagabangola and Baranagar in the West Bengal Legislative Assembly was also scheduled with the general election and took place on 7 May and 1 June respectively. [3] West Bengal, along with Uttar Pradesh and Bihar, were the only states where the 2024 Indian general election was held in all 7 phases.