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  India   Orissa gives nod, GST Bill goes to President

Orissa gives nod, GST Bill goes to President

Published : Sep 2, 2016, 3:37 am IST
Updated : Sep 2, 2016, 3:37 am IST

The special one-day sitting of the Orissa Legislative Assembly held on Thursday ratified the 122nd Constitutional Amendment Bill on the Goods and Services Tax.

Sunita Bhatriya with her newborn baby.
 Sunita Bhatriya with her newborn baby.

The special one-day sitting of the Orissa Legislative Assembly held on Thursday ratified the 122nd Constitutional Amendment Bill on the Goods and Services Tax.

Chief minister Naveen Patnaik moved the resolution for a discussion on the Bill and members of all political parties, including the Opposition Congress and BJP, helped the House pass the Bill. As many as 15 states have already ratified the constitutional amendment Bill. With Orissa passing the Bill, it touched the magic number of 16, turning the bill into a law.

 

State finance minister Pradeep Amat said that Odisha should be compensated for the loss of revenue that would be incurred because of the introduction of the GST. The state has claimed over Rs 2,755 crore towards GST compensation for the loss on account of the phase-wise abolition of the tax.

Mr Patnaik on Wednesday had written to Prime Minister Narendra Modi demanding that at least 60 per cent of the proceeds of the cess on coal be shared with coal-bearing states through an appropriate mechanism.

The Centre has set a deadline of April 2017 for the GST rollout. Mr Patnaik and Speaker Niranjan Pujari thanked the members for unanimously ratifying the Bill. “On implementation of GST, all sections of people will be benefited. It will reduce the tax burden on several commodities and services. We will soon demand Centre for the imposition of ‘Green Tax’ along with GST,” Mr Patnaik said.

 

Location: India, Odisha, Bhubaneswar