Advertisment

West Bengal hopes for SMB boom post GST

author-image
New Update
West Bengal hopes for SMB boom post GST

After the statement given by the West Bengal Finance Minister Amit Mitra on GST, the IT channel community also believes that the uniform goods and service tax is going to benefit small and medium enterprises (SME) the most by way of cutting down bureaucracy and the existing layered tax structure.

Advertisment

According to the situation in West Bengal, SME feeds large industries and the most labour-intensive sector and therefore they should be given simpler passage for doing business. The single tax structure of GST would be ideal platform for them.

Also, West Bengal Chief minister Mamata Banerjee has been supportive of the Goods & Services Tax (GST) Bill. “We have ideological differences with BJP but we will always support on issues that are beneficial to the people. We are supporting GST,” Mamata said after win in the West Bengal assembly elections.

Rajesh Rathi, President, IT Dealers Association of Siliguri (ITDAS), said, “The GST is a good initiative by government of India and NDA, which SMB market will be benefited. Cutting down in taxes would be ideal platform for SMB’s and we are hoping the good margins in our business with it”.

Abhishek Kanoria,  Director, Transcon Electronics, Kolkata said, “GST implementation will be definitely benefited for the economy of the state as well as the entire IT market in West Bengal. Currently it is hard to say about anything because the implantation process has to take some time but somewhere professionally and personally it will boom the market in WB”.

Advertisment