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GST, profitable for Odisha: Petroleum Minister

Petroleum Minister

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan on Wednesday said Odisha being a consuming State will generate more revenue from Goods and Services Tax (GST) as against manufacturing States.

“In the existing tax system, manufacturing States are benefited while in the GST regime, States where goods and services are consumed will gain more,” Pradhan said.

Addressing a GST outreach programme for oil industry stakeholders, Pradhan said Odisha will be greatly benefited as taxing point has shifted the base from production to consumption.

For the first time in history, tax officials are meeting traders and explaining the new tax system which was never heard of, Pradhan said and added that more such programmes will be organized in different parts of the State by oil PSUs to educate people about GST.

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