LOGJAM BETWEEN IOCL AND ODISHA GOVERNMENT RELEASED  UNION MINISTER PETROLEUM & NATURAL GAS DHARMENDRA PRADHAN TOOK LEAD ROLE IN SORTING OUT ISSUES  CHIEF MINISTER NAVEEN PATNAIK AND PETROLEUM MINISTER DHARMENDRA PRADHAN HELD DISCUSSIONS EARLIER ON 18 AUGUST  CHIEF SECRETARY A P PADHI AND UNION PETROLEUM SECRETARY K D TRIPATHY HELD CONSULTATIONS ON FRIDAY EVENING  ODISHA GOVERNMENT WILL ALLOW 15 YEARS TAX RELIEF TO IOCL  IOCL WILL GET 700 CRORE LOAN FOR 15 YEAR BEGNNING FROM 2016 -2017  OUT OF 2200 CRORE ODISHA WILL GET 1500 CRORE FROM VAT  

Odisha House Clears GST

On expected lines, the State Legislative Assembly today passed the Odisha Goods & Services Tax Bill and Odisha Value Aadded Tax (Amendment) Bill here at its Special Session.

 
And both the Bills were passed through voice vote with an expectation that this move will help the State to generate more revenue.  
 
Minister Finance, Sashi Bhusan Behera deliberating on issue said 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.
 
Presenting both the Bills in the House 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 Global Market, he added.
"GST will help extend tax network and bring improvement in the Tax Administration," Mr.Behera said.
 
Minister Finance while clarifying 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.
 
Mr.Behera appealed the Members to help in passing the twin bills - Odisha Goods and Service Tax Bill, 2017 and Odisha Value Addeed Tax (Amendment) Bill, 2017.
 
While BJPLP leader K V Singhdeo complimented the State Government for bringing the GST Bill for passing in the Assembly, Opposition Congress demanded that the Bill be sent to Select Committee of the House for further deliberation.
 
Congress Lawmaker, 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.
 
Government Chief Whip, Amar Prasad Satpathy, however, appreciated the NDA Government for passing of the GST Bill in both the Houses of Parliament.
 
While the UPA-I and UPA-II could not bring consensus on the Bill, the NDA Government did it," Mr.Satpathy said.
 
Chief Whip Mr.Satapathy added that the Centre has assured to compensate the state's loss for implementation of GST.
 
However Opposition Congress Members were not agreeing to the feeling of the Treasury Bench. They maintained the Stand of Congress as taken in the Parliament.
 


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