Tag: Gst

Bhubaneswar: The state Assembly will be convened for a two-day special session to discuss the State Goods and Services Tax (SGST) bill, a mandatory requisite that needs to be followed before the proposed nationwide implementation of uniform GST. The decision to convene a special session came after an approval from the Governor. The special session […]

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: Amidst falling revenue, the Odisha government’s focus will be on increasing revenue generation in the upcoming 2018 annual State Budget. At the pre-budget meeting of the Finance department with former finance ministers, representatives from industries, economists investors, RBI and Nabard officials, emphasis was laid on the areas through which revenue collection can be increased […]

Bhubaneswar: Union Finance minister Arun Jaitley today said the recent currency changes, and also the proposed Goods and Services Tax (GST) would eventually benefit the whole country and certainly a state like Odisha. Addressing the ‘Make in Odisha’ Conclave in Bhubaneswar, Jaitley said “India of course has remained one of the finest islands of growth […]

Bhubaneswar: Odisha’s Finance minister Pradeep Amat on Thursday visited Delhi to attended the two-day-long GST council meet beginning today. According to reports, Amat will raise various demands of the state in the meeting. While, the Odisha is supporting the GST, it is opposing cess. Like Odisha, other coal producing states like- Chhattisgarh, Jharkhand and West […]

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 […]

The State Assembly will have a special session tomorrow to ratify the Goods and Services Tax (GST) Bill

Bhubaneswar: The Goods and Services Tax (GST) Bill passed by both the Houses of Parliament recently will be approved at a special session of the Odisha Assembly to be convened on September 1. This was decided at a cabinet meeting chaired by chief minister Naveen Patnaik at the state secretariat here on Tuesday. “A special […]

A day after the Goods and Service Tax (GST) Bill was passed in the Rajya Sabha, Odisha’s Finance minister Pradip Amat today said the Centre should allow the States to implement a green tax on minerals and polluting items

New Delhi: Union Finance minister Arun Jaitley today said a Constitution Amendment Bill for introduction of Goods and Services Tax (GST) will be passed in the current session of the Parliament as there is a broad consensus among states on the issue. Jaitley said he is optimistic about introduction of GST, which will create a […]

Panaji: Heavy taxation post GST, infrastructure shortcomings, expensive tariffs and poor planning have resulted in a drop in tourist arrivals in Goa, according to Savio Messias, president of the state’s top body travel and tourism industry stakeholders. Messias, whose organisation, the Travel and Tourism Association of Goa, is one of the oldest travel and industry […]

Mumbai: Actor Mahesh Babu, who is currently holidaying in Dubai with wife and children, was in for a shock when he woke up on Friday morning to read that his bank accounts were frozen, allegedly due to non-payment of GST dues. A statement issued on Mahesh Babu’s behalf reads: “The GST Commissionerate Hyderabad has attached […]

New Delhi: Former Finance Minister P. Chidambaram on Wednesday raised questions about what caused the change in the “declared goals” of the Goods and Services Tax (GST) regime, why it was being changed. “Until yesterday a single standard rate of GST was a stupid idea. Since yesterday, it is the declared goal of the government! […]

New Delhi: Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST through merging of 12 and 18 per cent slabs, adding that the 28 per cent slab will soon be phased out, except in case of luxury and “sin goods”. He said the country should […]

New Delhi: Computer monitors, TV screens, video games, lithium-ion power banks, retreaded tyres, wheelchairs and cinema tickets are among products and services set to get cheaper with their removal from the GST regime’s highest 28 per cent tax bracket by the GST Council on Saturday, with the industry lauding the latest reductions as a boost […]