A GST outreach programme for oil industry stakeholders was organised here on Tuesday jointly by the Union Ministry of Finance and Ministry of Petroleum and Natural Gas, State Finance Department and Commercial Taxes Department.
One nation, one market, one tax is what GST is, said the speakers. They described it as a win-win situation for entire nation. It would bring benefits to all stakeholders of industry, Government and consumers and cut down the cost of goods and services and boost to the economy, they opined.
It aims to make India a common market with common tax rates and producers and remove economic barriers, thus paving way for an integrated economy, they said. Motor spirit, high speed diesel, aviation turbine fuel, crude and natural gas are only out of GST and the rest of all petroleum products are covered under the tax ambit.
Various issues relating to the implementation of GST and concern arising out of the traditional provisions were discussed. The GST is a new tax regime where tax was reaching out to the tax payers, the speakers maintained.
Additional Commissioner ,CGST and Central Excise, Bhubaneswar Ashok Mahida, Special Commissioner of Commercial Taxes PK Sahoo, Chief Regional Manager, retail , HPCl Amiya Patro, State head Odisha and Jharkhand, BPCl Sanjay Sharma and Chief Manager IOCl Bikash Jena spoke among others.