Goods and Services Tax

GST regime to boost polymer downstream industry in Bengal

Goods and Services Tax – GST – Dated:- 11-1-2018 – Kolkata, Jan 11 (PTI) The new taxation regime under Goods and Services Tax (GST) is all set to boost polymer downstream industry in the eastern region, including West Bengal. In the GST regime, abolition of CST and entry tax and on top of that plastics goods flowing in from other states evading taxes have now stopped. This will encourage local manufacturers from Bengal to produce more to meet the demand, Indian Plastics Federation president Alok Tibrewala told PTI. West Bengal plastics industry is pegged at ₹ 12,000 crore involving 2500-3000 units and growing at 15 per cent annually. Tibrewala said the any new industrial policy for petrochem downstream industry at the Bengal Global B

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