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, said the State exchequer has lost around Rs 3,000 crore after the unified tax system is implemented.
As per the provisions of the GST law, the Centre would compensate loss of the States at 14% rate.
Behera further said the Centre has provided the Odisha government Rs 1,020 crore on account of loss of tax after GST implementation.
“The State has got Rs 333 crore in July-August whereas Rs 687 has already been sanctioned by the Centre for September-October,” the minister elaborated.
The State has been demanding before the Centre for lessening of GST on handicrafts. For example, after the State raised the issue before the GST Council on Sambalpuri Saree the tax has been reduced to 5%.
But, the 12% tax still persists on Sambalpuri Sarees above Rs 1,000, the minister said in the House.