Tag: Finance Minsiter

Considered to be one of the biggest tax reforms since Independence, the Goods and Services Tax is all set to impact the prices of every good and service. Here is a list of the goods and services and the taxes they will attract under the GST regime. GOODS Exempted Milk, eggs, salt, fresh vegetables, fruits, […]

Bhubaneswar: The Odisha government today approved the GST (Goods and Services Tax) Bill after the cabinet gave its nod for implementation in state across all goods except six. Among the 6 goods which have been kept out of the ambit of the State GST, 5 are petroleum products and the sixth one is alcohol. The […]

Bhubaneswar: A day after the Lok Sabha passed four supplementary legislations to pave way for the implementation of Goods and Services Tax (GST) across the country, the Odisha government said that the State’s demands were not considered while deciding to implement the regime. Citing his displeasure over the form in which the GST was passed, […]

Bhubaneswar: The State is bearing Rs 7446.73 crore of revenue pending on various companies Finance Minister Pradip Amat said in a reply during question hour today while presenting the annual budget for the financial year 2017-18 here in the State Assembly. Specifying on the various dues, the minister said Rs 2085.96 crores of revenue is […]

New Delhi/ Bhubaneswar: The Goods and Services Tax (GST) Council on Friday fixed the turnover-based exemption limit from such levies at Rs 20 lakh for Odisha, informed State Finance minister Pradeep Kumar Amat. The threshold limit has been set at Rs 20 lakh for all states barring the North-Eastern region. However, according to Amat, the […]

New Delhi: The GST Council on Saturday completed the exercise of bringing all items under a 4-slab tax structure with gold to be taxed at 3 per cent, ending the suspense on the item dear to Indians, even as all states barring West Bengal agreed on the rollout of the new indirect tax regime on […]

Bhubaneswar: The Odisha government on Friday welcomed the zero tax rate on common food items and reduction in tax rate from 6 to 5 per cent by the Goods and Services Tax (GST) Council. “In the interest of the common man, the state government has always been pursuing no tax or lowest possible tax policy […]