BHUBANESWAR: Despite the Covid-19 pandemic situation, the state has witnessed record collection of Odisha Goods and Services Tax (OGST).
It has collected Rs 827.43 crore during the month of May this year against the collection of Rs 589.3 crore in May 2019 and Rs 440.67 crore in May last year.
Last month’s collection has recorded a growth of 40.4% against the collection of May 2019.
This growth is witnessed despite the extension of return filing date by the GST Council and poor filing of returns/payment of tax by dealers having turnover of less than Rs 5 crore, said the official sources.
“This growth in OGST collection is a result of better compliance by dealers having turnover of more than Rs 5 crore during previous year, increased collection from iron and steel sector as well as collection from matured GST demand made by tax officers after return scrutiny,” said the finance department sources.
One major change introduced by the Council was the grant of IGST exemption to specified COVID -19 relief goods purchased for free distribution to the government, or state authority approved relief agency.
“The Union Government has set up a GoM following the GST council meeting of May 28. A deliberate attempt has been made to keep the principal opposition party, the Congress, that has three members in the GST Council out of the GoM,” said Rajasthan chief minister Ashok Gehlot.
June 02, 2021
Punjab Finance Minister Manpreet Singh Badal - The Hindu×
‘GST Council has to clear implementation panel’s decisions to give them legal standing’
Decisions of the GST Implementation Council must be approved by the GST Council reiterated the Punjab Finance Minister Manpreet Singh Badal in a letter to Union Finance Minister Nirmala Sitharaman on Wednesday. Badal said despite some support from other States, Punjab’s observations in the last meeting on the issue were not well received and the discussions that followed were tangential and inconclusive.
Urging Sitharaman to consider the issue seriously, he said the power of the Central and State governments to make rules in respect of GST is contained in Section 164 of the respective GST Laws and Section 22 of the IGST Law.
The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country, and to enable the creation of adequate rental housing stock for all the income groups, thereby addressing the issue of homelessness.