State plans workshops to clarify new tax system

As confusion prevails on various aspects of the newly introduced Goods and Services Tax (GST), the State Government on Tuesday asked the Finance Department to organise thematic workshop on the new tax

Published: 12th July 2017 03:50 AM  |   Last Updated: 12th July 2017 07:32 AM   |  A+A-

By Express News Service

BHUBANESWAR: As confusion prevails on various aspects of the newly introduced Goods and Services Tax (GST), the State Government on Tuesday asked the Finance Department to organise thematic workshop on the new tax system for reorienting the heads of the departments towards the new regime.
GST, its implications and steps to be taken by departments in the changed scenario figured at the Secretaries’ meeting presided by Chief Secretary AP Padhi here.

The Chief Secretary directed the departments to review their work contracts, procurement orders and reassess the financial implications of GST.
The meeting also reviewed the plan expenditure by different departments which showed that fund utilisation in the first quarter is 23 per cent more than the corresponding period in the last fiscal. State’s expenditure on various plans, programmes and schemes in the current financial year up to June was Rs 11,544 crore.

On the revenue income side, collection from non-tax sources in the first three months of this fiscal increased by about 22 pc over the corresponding period of last year. The total collection from non-tax sources reached was about Rs 1,588 crore against last year collection of Rs 1,297 crore.
 The revenue collection from own tax sources also increased by around 12 pc for the same period with total collection of Rs 5,250 crore.

On Direct Benefit Transfer (DBT) to beneficiaries under different schemes, the Chief Secretary directed Secretaries to finalise DBT portal and make it operational by this month end. In the first phase, DBT for schemes like MGNREGS, PMAY, PDS, Janani Suraskya Yojana and input subsidy will be rolled out.

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