All-party proposal over devolution of Central taxes to be placed in Assembly

Kolkata: An all-party proposal will be placed in the state Assembly on July 31 in connection with the demand for enhancement of devolution of Central taxes in the states from 42 percent to 50 percent.

It may be recalled that all political parties except BJP had demanded debt restructuring and enhancement of devolution of Central taxes to the states before the Fifteenth Finance Commission, during its visit to Bengal on July 16 and 17.

The demand for enhancement of devolution of Central taxes to the states from 42 percent to 50 percent was made because it will take some time for GST to settle down in a user-friendly manner and also to uphold the autonomy of the states.