About Us
Contact Us
Advertise on www.odishanow.in
Contribute Articles
Your Voice!
Photo Gallery
Opinion Poll
Print Story   Email Story

Goods & Services Tax legislation to simplify tax administration: Minister

 The Odisha Legislative Assembly today passed the Odisha Goods & Services Tax Bill and Odisha Value Added Tax (Amendment) Bill here at its special session.

       Both the Bills were passed through voice vote. 

Earlier, Finance Minister Sashibhusan Behera maintained that the Odisha Goods and Service Tax Bill, 2017 will ensure simplification of tax administration, while the Odisha Value Added Tax (Amendment) Bill, 2017 would allow the State to impose VAT on only on six items.
       Initiating the debate in the special session of State Assembly convened to pass the GST Bill he said that GST will unify at least 17 central and State taxes together.
Products manufactured in the states as well as in the country could compete with products in the international market, he added.
       "GST will help extend tax network and bring improvement in the tax administration," Behera said.
       In a clarification, Behera said the Centre would have no right to impose tax on the sale of products and the state governments could not impose tax on the service.
       The GST takes care of 17 different taxes, Behera said appealing to the members to help in passing the twin bills - Odisha Goods and Service Tax Bill, 2017 and Odisha Value Added Tax (Amendment) Bill, 2017.
       While Opposition BJP LP leader K V Singhdeo complimented the State government for bringing the GST Bill for passing in the Assembly, Congress demanded that the Bill be sent to select committee for further deliberation.
       Congress member Naba Kishore Das argued that since GST Council is all powerful, the State government will not be a position to protect its interest. He advocated for a 4-day special session to discuss the GST Bill after it got nod of the select committee.
       BJD chief whip Amar Prasad Satpathy, however, praised the NDA government for passing of the GST Bill in Parliament.
       "While the UPA-I and UPA-II could not bring consensus on the Bill, the NDA government did it," Satpathy said adding that the Centre has assured to compensate the state's loss for implementation of GST.
EDITOR : Bijoy Ketan Mishra
All content copyright odishanow.in
Website powered by Catalyst IT Solutions Pvt. Ltd.