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economy | IST

Current GST structure is a horrible mess, says Amit Mitra

West Bengal finance minister Amit Mitra on Wednesday said the GST would take away the ability of the states to generate revenues, and that said the implementation of the new tax regime had been mismanaged.
"The original design was given up and a new design was introduced which was only a stop-gap. Now we hear that very soon a third design is going to be introduced in terms of the architecture of the GST," he said.
Speaking about hawala transactions, he said, "I am told by my officers Hawala transactions are going up. That I will explain as we come to that position. So the entire architecture as defined which would have been clean and neat has not happened."