State records second-highest-ever GST collection in October amid national slowdown and tax rate cuts Bhubaneswar: Odisha’s fiscal momentum continues to gain strength as the state recorded its second-highest-ever net GST collection in October, signaling resilience and renewed consumption despite recent nationwide tax rate reductions. The development suggests that the impact of the Goods and Services…
With GST reduced on essential medicines from September 22, the Centre directs manufacturers to pass on the benefit to patients immediately. Bhubaneswar : The Central Government has issued a directive to pharmaceutical and medical device manufacturers to promptly revise the Maximum Retail Price (MRP) of their products in line with the recent Goods and Services…
Economists argue real revenue hit could reach double the Finance Ministry’s figure. Bhubaneswar : The Union Finance Ministry has projected that the recent restructuring of Goods and Services Tax (GST) rates will lead to revenue losses of around ₹48,000 crore. However, several economists and research firms have challenged this estimate, suggesting the shortfall could range…
Odisha dealers expect higher sales ahead of festive season Bhubaneswar : The recent reduction in Goods and Services Tax (GST) on passenger vehicles has triggered a wave of price cuts by leading car manufacturers across India. Auto companies including Tata Motors, Mahindra & Mahindra, Toyota, Renault, and Maruti Suzuki have announced significant reductions across their…
Odisha CM Majhi hails decision as a boost for farmers, small traders and households Bhubaneswar : India’s indirect tax regime is set for a historic overhaul, with the GST Council approving sweeping changes aimed at rationalising rates, lowering costs for households, and simplifying compliance. Starting September 22, a wide range of daily-use goods will become…
Over 175 consumer and essential goods may see tax reduction, making them more affordable. Bhubaneswar : The Goods and Services Tax (GST) Council is preparing for a significant restructuring of tax slabs, with expectations of a 10% reduction on nearly 175 items. Products ranging from televisions and shampoos to hybrid cars and consumer electronics could…
State stares at major revenue loss as GST Council prepares for September meeting Bhubaneswar: Odisha could lose up to ₹1,000 crore every month if the Goods and Services Tax (GST) Council implements the proposed two-slab tax system in place of the current four-tier structure. The Council is set to meet on September 3 and 4…
2025 rules define recruitment process, cadre structure, and uniform pay for ministerial staff in Finance Department offices Bhubaneswar – The Odisha government has introduced the Odisha Ministerial Services (Commercial Taxes & GST Range and Sub-ordinate Offices) Rules, 2025 to regulate recruitment procedures and service conditions for personnel in the Commercial Taxes and GST Organisation under…
Key changes aim to reduce ambiguity, simplify return filing, and curb tax evasion in high-risk sectors Bhubaneswar: The Odisha government has proposed amendments to the Odisha Goods and Services Tax (OGST) Act, 2017 with the objective of simplifying provisions, reducing ambiguity, and strengthening compliance mechanisms. The amendments are expected to benefit both taxpayers and tax…
