Home » State News » Odisha government’s tax collection amount has increased by 2.3% to Rs 3,735.14 crore:Sashi Bhusan Behera

Odisha government’s tax collection amount has increased by 2.3% to Rs 3,735.14 crore:Sashi Bhusan Behera

Bhubaneswar:4/12/17; 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.

 

 

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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