GST will simplify tax administration : Min

Image
Press Trust of India Bhubaneswar
Last Updated : May 19 2017 | 4:28 PM IST
The government today maintained that the Odisha Goods and Service Tax Bill, 2017 will ensure simplification of tax administration, while the Odisha Value Addeed Tax (Amendment) Bill, 2017 would allow the state to impose VAT on only on six items.
This was stated by Finance Minister S B Behera while initiating the debate in the special session of Odisha assembly convened to pass the GST Bill.
Stating that GST 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.
"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 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 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 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 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.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 19 2017 | 4:28 PM IST

Next Story