(PTI)
Union Petroleum Minister Dharmendra Pradhan today said implementation of GST will substantially benefit Odisha with the taxing point shifting from production base to consumption.
“Odisha will be hugely benefited as the taxing point will shift from production base to tax on consumption. As Odisha is a consuming state, tax revenue will be buoyant,” Pradhan said at a GST outreach programme for oil industry stakeholders here. The outreach programme was an initiative of the Union Ministry of Finance and Ministry of Petroleum and Natural Gas, Department of Finance and Commercial Taxes of Odisha and Oil Industry Odisha.
A measure which will facilitate the tax base to expand, is a pro-reform measure and is juxtaposed with demonetisation, which is a radical reformative step, Pradhan said asking all to be part of this transition to a new tax system.
