P&NG Minister Dharmendra Pradhan highlighted political unanimity of the issues for uttering into one nation/ one tax/ one market

Bhubaneswar: GST outreach programme for oil industry stakeholders an initiative of Ministry of Finance & Ministry of Petroleum and Natural Gas, Government of India, Department of Finance and Commercial Taxes, Govt. Of Odisha and Oil Industry Odisha was held today. Hon’ble MoS I/c P&NG Mr. Dharmendra Pradhan was the chief guest of the programme. Mr. Pritish Bharat CGM IOC Odisha delivered the welcome address. Among others Mr. Saswat Mishra, Commissioner of Commercial Taxes, Mr. S K Mohanty, Jt. Commissioner, Central Excise & Customs were also present during the occasion.
1st of July 2017 is a moment of truth in our quest for one nation, one market, one tax. GST is a win-win situation for the entire country. It brings benefits to all the stakeholders of Industry, Government, and the consumer. It will lower the cost of goods and services give a boost to the economy and make the products and services globally competitive. GST aims to make India a common market with common tax rates and producers and remove the economic barriers thus paving the way for an integrated economy at the national level.
The GST outreach programme was essentially intended to bring all the stakeholders tax department of the central/ state governments and taxpayers under one common platform. This also provided an opportunity to the taxpayers to seek necessary clarifications from the commercial tax departments. A presentation on the various aspects of GST was made by Commissioner of Commercial Taxes, Odisha, Shri Saswat Mishra. Issues relating to the implementation of GST and concerns regarding the transition of tax regime were discussed. With specific reference to the petroleum sector Hon’ble MoS I/c welcomed the transformative moment in the tax architecture of the country in the form of implementation of GST w.e.f. 01.07.2017. He also highlighted the political unanimity on the issues for entering into one nation, one market, one tax regime by reaching out to the taxpayers. He also assured all the taxpayers that he will appraise the competent forum about the concerns and apprehension of all the stakeholders. He also expressed confidence that the technological initiative will ensure successful implementation while ushering in transparency and less intrusive and promote ease-of-doing-business. He was of the opinion that Odisha will be greatly benefitted as the taxing point has shifted from the production base to tax on consumption. As Odisha is a consuming state, the tax revenue will be buoyant. A measure which will facilitate expanding the tax base is a pro-reform measure and juxtaposed with demonetization which is a radical reformative step. He called upon all to be part of this historical transition to a new tax system.
MS (Motor Spirit), HSD (High Speed Diesel), ATF (Aviation Turbine Fuel), Crude & Natural Gas are only out of GST. All other petroleum products shall be covered under GST, for example, SKO (Superior Kerosene Oil), LPG, FO (Furnace Oil), LDO (Light Diesel Oil), lubricants etc.
Commissioner of Commercial Taxes, Odisha, Shri Saswat Mishra gave a presentation on GST. Chief Commissioner Central Excise & Customs & Service Tax, Shri Rakesh Sharma, Bhubaneswar Zone was Guest of Honour and explained all the queries raised by the participants. Sri Debasis Palit State Head Retail Odisha & Jharkhand, BPCL gave the vote of thanks.