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Odisha passes state GST Bill

Odisha passes state GST BillBhubaneswar, May 19 (IANS) The Odisha Goods and Services Tax Bill-2017 was passed in the special session of the state assembly on Friday.

The bill was unanimously passed by a voice vote even though the opposition demanded it be sent it to the select committee for further deliberation.

The assembly also passed the Odisha Value Added Tax (Amendment) Bill, 2017 allowing the state to impose VAT on six items - five petroleum products and liquor.

Initiating a discussion on the bill, Finance Minister Shashi Bhusan Behera said the GST will unify at least 17 central and state taxes together and bring improvement in tax reforms.

 

He said products manufactured in the states as well as in the country could compete with products in the international market.

"GST will help extend tax network and bring improvement in the tax administration," Behera said.

Participating in the debate, Leader of the Opposition Narasingh Mishra suggested sending the bill to the select committee for wider scrutiny.

Bharatiya Janata Party legislature party leader K.V. Singhdeo meanwhile complimented the state government for bringing the GST Bill for passage in time to meet the goal of GST's nationwide implementation from July 1.

Several states including Uttar Pradesh, Andhra Pradesh, Telangana, Goa, Gujarat and Arunachal Pradesh have already passed the state GST Bills.

(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)

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Odisha passes state GST Bill

About Gopi Adusumilli

Gopi Adusumilli is a Programmer at Excellus Blue Cross Blue Shield. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

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