Tag: Goods And Services Tax

Bhubaneswar: The Goods and Services Tax (GST) Council today exempted wood meant for construction of idols and chariots of deities under the GST regime. Speaking to media after the GST Council meeting at Vigyan Bhawan in New Delhi, Odisha Finance Minister, Sashi Bhusan Behera said “After a while, the council has finally approved our demands […]

Bhubaneswar: The State Cabinet today reportedly approved a proposal to bring forest produce including wood, Bamboo and Kendu leaf under Goods and Services Tax (GST). Besides, the Cabinet has also approved establishment of an Asian Public Health University for clinical research in the State. As per sources, the health university will be established in association […]

Bhubaneswar: The Odisha government’s tax collection amount has increased by 2.3% to Rs 3,735.14 crore this year after implementation of the Goods and Services Tax (GST), informed Finance Minister Sashi Bhusan Behera in the State Assembly. In the pre-GST regime, the State had collected Rs 3,691.28 crore during last year, the minister added. He, however, […]

Bhubaneswar: The State Government on Wednesday waived penalty on delayed filing of Goods and Services Tax (GST) returns for the months of August and September. As per the GST law a State can fine a nominal fee of Rs 100 per day in case of late filing of returns and payment of taxes. The move […]

Bhubaneswar: The Goods and Services Tax (GST) on handicraft and handloom products has been slashed by the GST council following regular demands of the State Government, informed Finance Minister Sashibhusan Behera in a press meet today. After implementation of GST, while there was 28% GST on clay and stone sculpture, Sabai Grass weaving ropes and […]

Bhubaneswar/New Delhi: In a big relief for taxpayers opting to use opening balance of pre-GST credit in the current month, the government has extended the deadline for filing the first GST return for the month of July to August 28 from its original deadline of August 20. But taxpayers who do not want to claim […]

Shaktikanta Das, Former Revenue and Economic Affairs Secretary, was one of the 11 persons who were instrumental in giving GST its present shape soon after the Modi government took charge. As revenue secretary, he worked closely with all the others including Arun Jaitley and the empowered committee of state finance ministers to come up with […]

Bhubaneswar: While congratulating the country on Goods and Services Tax (GST) rollout today, Chief Minister Naveen Patnaik stated its implementation should be smooth and benefit the common man, trade and industry. Patnaik had mentioned in his tweet that he is glad as Odisha played an important role in GST rollout. With #GSTRollOut, India transforms into […]

New Delhi/Bhubaneswar: At the stroke of the midnight hour, India marked a new era by rolling out its unified indirect taxation regime, the Goods and Services Tax (GST) which aims to bind the country under an idea of “one nation, one tax, one market”. President Pranab Mukherjee and Prime Minister Narendra Modi pressed button to […]

New Delhi: Progress towards realising the pan-India single tax system, the Goods and Services Tax (GST), will be the biggest achievement of the Narendra Modi-led government, industry organisation Assocham said on Sunday. As the NDA government completes three years in office, besides the GST that was nearing a roll-out, its other achievements on the economic […]

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: A workshop on Goods and Services Tax (GST) will be held in the premises of the Odisha Legislative Assembly to educate legislators today ahead of a two-day special session beginning tomorrow to ratify the State GST Bill. Officials of the State Finance department and representatives of the Government of India will train the legislators […]

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, […]

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 […]