West Bengal Chief Minister Mamata Banerjee’s Reaction to GST Rate Cuts

• West Bengal Chief Minister Mamata Banerjee criticizes the Union government for not taking credit for the Goods and Services Tax (GST) rate cuts.

• Banerjee argues that the revised rate cuts would cost the State exchequer ₹20,000 crore.

• Banerjee’s response came on the day the country adopted a simplified two-tier GST system.

• Banerjee argues that the Central government is not spending any money on the GST rate cuts, all money is going from the State government exchequer.

• Banerjee’s government is preparing an advertisement on the issue, which will be published soon.

• Banerjee was the first to write to Prime Minister Narendra Modi on reducing GST rates for health insurance.

• Banerjee argues that while the Union government would devise ways to pay States ruled by the Bharatiya Janata Party (BJP), states like West Bengal would suffer.

• Banerjee’s remarks appear to be directed at Modi, who termed the GST rate cuts as a “bachat utsav” or a ‘festival of savings’.

GST rate cuts impact is important topic for Civil service exam (WBCS).

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