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Odisha registers 2.3 pc growth in tax collection after GST

Press Trust of India  |  Bhubaneswar 

has registered a growth of 2.3 per cent in collection after implementation of the Goods and Service (GST) in July this year. minister S B Behera informed this while replying to a question in the assembly today. Behera said the state has collected Rs 3735.14 crore as from July to October, 2017 which is about 2.3 per cent more than the corresponding period of the last fiscal. In the pre-regime during 2016-17 fiscal, the state had collected Rs 3,651.28 crore from July to October 2016, the minister said adding that the increase in collection is 2.30 per cent. Between July to October, 2017, the minister said the state has collected worth Rs 4,415.20 crore from petrol, diesel, turbine fuel, natural gas, and liquor, which are out of the ambit. He said the Indian Corporation Limited (IOCL) has paid Rs 2934 crore to the state as the central PSU did not make payment from December 2015 to July 2017.

Though IOCL was collecting such VAT, it had not make payment to the state, the minister said. As per the provisions of the law, the Centre would compensate loss of the states at 14 per cent rate. Behera further said the Centre has provided the government Rs 1,020 crore on account of loss of after implementation. "The state has got Rs 333 crore as compensation in July-August whereas Rs 687 crore has already been sanctioned by the Centre for September-October," the minister informed. Replying a question, the minister said that the state government has been demanding that the Centre for lessening of on handicrafts. For example, after the state raised the issue before the Council on Sambalpuri saree the has been reduced to 5 per cent, he said. But, the 12 per cent still persists on Sambalpuri sarees priced above Rs 1,000, the minister said. Chief Minister Naveen Patnaik has requested Prime Minister Narendra Modi to exempt handicraft products from GST, Behera said adding that he has also raised the issue in the council meeting. "The council will take a decision on exempting on handicraft products," Behera said.

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

First Published: Mon, December 04 2017. 17:10 IST