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GST will simplify tax administration : Min

Press Trust of India  |  Bhubaneswar 

The today maintained that the Goods and Service Bill, 2017 will ensure simplification of administration, while the Value Addeed (Amendment) Bill, 2017 would allow the state to impose VAT on only on six items.

This was stated by Minister S B Behera while initiating the debate in the special session of assembly convened to pass the Bill.

Stating that will unify at least 17 central and state taxes together, Behera said products manufactured in the states as well as in the country could compete with products in the international market.

"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 govenrments could not impose tax on the service.

The GST takes care of 17 different taxes, Behera said appealing to the members of the assembly to help in passing the twin bills - Odisha Goods and Service Tax Bill, 2017 and Odisha Value Addeed Tax (Amendment) Bill, 2017.

While Opposition BJPLP leader K V Singhdeo complimented the state 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 is all powerful, the state govenrment 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 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.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, May 19 2017. 16:28 IST