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Tag: Vat

Goa government hikes VAT on petrol by two per cent

Panaji: The Goa government has hiked VAT on petrol by two per cent taking the price of the fuel to Rs 63.43 per litre, a spokesperson said on Saturday. The Value Added Tax (VAT) on petrol has been hiked from the existing 15 per cent to 17 per cent. “Even after such increase, petrol would still […]

Odisha Assembly
Odisha Assembly to hold special session from today to ratify GST, VAT

Bhubaneswar: The Odisha government has called for a two-day special session of Legislative Assembly starting today to deliberate on the GST and VAT (amendment) bill in the House. Prior to it, a workshop on GST was organised by the Finance Department on Wednesday for legislators. The law makers were imparted training by the experts and […]

GST, a major comprehensive financial reform: CM

Bhubaneswar: A special session of Odisha Legislative Assembly will meet tomorrow 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 special session will be held on May 18 and 19, official sources said on Wednesday. Ahead of […]

Odisha approves GST Bill; 6 goods exempted

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 […]

GST: First Cabinet meeting after ministry reshuffle today

Bhubaneswar: After the recent ministry reshuffle, the State Cabinet will meet for the first time today to discuss the implementation of Goods and Service Tax (GST) and Odisha Value Added Tax (Amendment) Bill. Besides, some proposals of Agriculture and Technical Education departments are likely to be tabled in the Cabinet. The meeting will be chaired […]

Odisha seals 1167 liquor outlets, likely to lose Rs 1200 crore

Bhubaneswar: Odisha is likely to incur a loss of revenue to the tune of Rs 1200 crore per annum as 1167 liquor shops in the state closed down following the Supreme order banning liquor sale along highways. The 1167 liquor shops closed down from midnight of March 31 included 456 off shops, 205 restaurant on […]

Odisha govt to issue notice to IOCL for payment of dues

Bhubaneswar: Indian Oil Corporation Limited(IOCL) owes Rs 1,485 crore through Value Added Tax (VAT) to Odisha government and a notice would soon be issued to the company for payment, the state Assembly was informed on Monday. “IOCL’s refinery at Paradip, which started commercial production from November 22, 2015, is yet to pay Rs 1,485 crore […]

Fiscal deficit of Odisha well within limits: Chief Secy

Bhubaneswar: Chief  Secretary Aditya Padhi today said the fiscal deficit of Odisha is well within the limits. “The fiscal deficit is well within the permissible limit of 3.5 percent of GSDP. The present level of fiscal deficit is around 2 percent of Gross State Domestic Product (GSDP). The debt and GSDP ratio of the State […]

Odisha extends VAT relaxation on pulses till March 31

Bhubaneswar: The Odisha cabinet in a meeting chaired by Chief Minister Naveen Patnaik on Saturday extended the value added tax (VAT) concession on pulses and dals for another three months till March 31. “The cabinet has decided to extend the time limit for reduced VAT on pulses for a further period of three months,” said […]

Six proposals get Cabinet nod; LI projects to be named after Parbati Giri

Bhubaneswar: The State Cabinet meeting presided over by chief minister Naveen Patnaik at the State Secretariat here today approved six proposals. Talking to media persons after the meeting, chief secretary Aditya Prasad Padhi said the Cabinet decided to name all Lift Irrigation (LI) projects after eminent female freedom fighter Parbati Giri, nicknamed as Mother Teresa […]

Odisha cabinet clears 19 proposals

Bhubaneswar: The Odisha cabinet approved as many as 19 proposals at a meeting held on Thursday evening. The cabinet meeting which was chaired by Chief Minister Naveen Patnaik approved the Food and Procurement Policy for Kharif Marketing Season 2016-17. In the policy, the state government has set a tentative target of collecting 30 lakh metric […]

Pulse prices set to come down from today

Bhubaneswar: After reduction of Value Added Tax (VAT) on pulses from 5% to 1%, the prices of pulses are likely to come down by Rs 4 or 5 per kg from Friday, the Federation of All Odisha Traders Association (FAOTA) informed media persons on Thursday. “Consumers will get pulses at Rs 4 to 5 less […]

Pulse prices to come down from tomorrow

Bhubaneswar: After reduction of Value Added Tax (VAT) on pulses from 5% to 1%, the price of pulses is likely to come down by Rs 4 or 5 per kg from tomorrow, the Federation of All Odisha Traders Association (FAOTA) informed media persons here today.. “Consumers will get pulses at Rs 4 to 5 less […]

Pulses (2)
Cabinet nod to 4% VAT cut on pulses from July 1

Bhubaneswar: In a major relief to customers groaning under the skyrocketing prices of pulses, the Odisha Cabinet on Tuesday approved a proposal to reduce Value Added Tax (VAT) on pulses from the existing 5% to 1%. To be effective from July 1, The VAT reduction, however, will be effective for a period of three months […]

BJD protests fuel price hike, BJP & Cong demand VAT reduction

Bhubaneswar: The ruling BJD in Odisha today staged demonstrations in all the districts to protest against fuel price hike on June 15 by the Centre. The BJP, on the other hand, attacked the state government for imposing high tax on petrol and diesel leading to price rise of essential commodities. Congress, meanwhile, held both the […]

Pulse traders threaten stir from June 1

Bhubaneswar: The Federation of All Odisha Traders’ Association (FAOTA) on Friday said it would intensify its agitation from June 1 if the State Government doesn’t withdraw valued added tax (VAT), fee and local taxes on pulses and take them out from the ambit of sensitive commodities category by then. Addressing a Press Conference here, FAOTA […]

Traders, Opp fume as State delays VAT waiver on pulses

Bhubaneswar: The Odisha government has paid little heed to the Central government’s advice to exempt pulses from VAT and other local taxes, inviting sharp criticism from Opposition parties and traders’ association. “Even though three days have already passed since the Centre appealed to the States to exempt pulses from VAT and other taxes in a […]

VAT row ends; traders’ body agrees to withdraw strike

Bhubaneswar: The Federation of All Odisha Traders’ Associations (FAOTA) on Saturday agreed to call of its strike against the 5% ‘additional’ Value Addition Tax (VAT) being levied by the Odisha government on essential commodities. This was informed by Finance Minister Pradeep Amat after a meeting with the FAOTA members and other officials at the Secretariat […]

VAT standoff: Odisha to procure pulses through e-marketing

Bhubaneswar: With less than twelve hours to go for the traders’ scheduled stir against the State government’s ‘additional VAT’ on pulses to begin, the Odisha government on Thursday decided to procure essential commodities through e-marketing while urging the traders to call off their agitation. “To tackle the situation, we have decided to begin talks with […]

Talks on VAT fail; traders to stop import from April 1

Bhubaneswar: A high-level meeting between the Odisha government and representatives of the traders’ body held here today failed to arrive at a decision on the contentious issue of exemption of value added tax (VAT) on essential commodities.

Traders-Govt meet on VAT exemption rescheduled

Bhubaneswar: The high-level meeting scheduled to settle the row over value added tax (VAT) on essential commodities scheduled to be held today has been postponed till tomorrow.

Traders to stop import of pulses from April 1

Bhubaneswar: Disgruntled over the State government’s ‘failure’ to exempt value added tax (VAT) from essential commodities, the traders’ association here has decided to stop import of pulses, wheat and wheat products from neighbouring States from April 1. The traders’ body argued that though nine months have been passed since it assured to take a call […]

Air Odisha to shut intra-state operations from Mar 21

Bhubaneswar: In a setback to Odisha aviation industry, which had looked promising after the re-launch of Air Odisha’s intra-state flight operations in January this year, the home-grown carrier on Saturday announced withdrawal of its services from March 21. The homegrown carrier attributed the decision to the State government’s failure to keep its promise on exempting […]

Luxury items to be costlier in Odisha

For the people of Odisha, luxury items like TV, fridge, air-conditioner, washing machine, car etc will be costlier as a decision to this effect was taken by the State Cabinet in a meeting presided over by chief minister Naveen Patnaik at the State Secretariat here on Thursday

Goa hikes VAT on petrol to 10 percent

The Goa government on Wednesday hiked the value added tax (VAT) on petrol to ten percent, which would push petrol prices by Rs.5 and more. The hike will come into effect Jan 1