News Release Details
New Delhi 10-Jul-2017
Dignitaries on the Dais
The Introduction of GST is a significant step in the field of indirect tax reforms in India. It was on August 17, 2016 that the Jharkhand Assembly had passed the Goods and Services Tax (GST) Bill and became the third state to ratify the bill after Assam and Bihar."India has a tradition and culture to take taxes. The GST will end the tax discrimination and it will end the British tax system," said Mr. Saryu Rai, Hon'ble Parliamentary Affairs Minister, Jharkhand while tabling the GST bill in the Assembly in 2016.The dream of GST has become a reality.
The GST Outreach Programme for Oil Industry Stakeholders was held at Ranchi which witnessed the who's who of the Central Excise, Customer and Service Tax, Government of India. The Goods and Services Tax (GST) has been one of the key things that has caught the attention of the market and whole of India. The objective of the programme was to give insights of GST to the stake holders and provide resolution to the apprehensions of customers and vendors by the experts from State GST department.
The keynote address was delivered by Mr. R. K. Sahoo, Commissioner Central Excise, Customs and Service Tax, Govt. of India where he deliberated on the fact that introduction of GST has made our products more competitive in the domestic and international markets. This has ensured that all central, state level taxes and levies on all goods and services are subsumed within an integrated tax having two components – central GST and a state GST. Thus, there is a comprehensive and continuous mechanism of tax credits. Replying to one of the queries raised by the stake holders, Mr. Sahoo said that there may also be revenue gain for the centre and the states due to widening of tax base, increase in trade volumes and improved tax compliance. This tax, because of its transparent character, would be easier to administer.
Earlier in the day, Mr. Shyamal Debnath, SLC, Jharkhand in his welcome address to the august gathering emphasised on the relevance of organising the awareness cum Seminar and that how the same would be able to clear doubts and issues that has arisen in the minds and in practicality.
Ms. Deepthi Jayaraj, Additional Commissioner of Customs, Central Excise & Service Tax, Govt. of India together with Mr. R. P. Barnwal, Jt. Commissioner(Appeal), Ranchi Division, Ranchi and Mr. K K Mishra, Dy. Commissioner, Commercial Tax, Ranchi Division, Ranchi presented the GST provisions in a very lucid manner and thereby addressed the queries of the participants diligently.
The GST outreach programme was intended to bring all stakeholders including LPG distributors, Retail Outlet dealers, SKO Dealers, Transporters, Contractors, and Vendors under one common platform. Representatives from SAIL TATA STEEL, BEML and many other Corporate Houses also participated. More than 150 stakeholders attended the programme and made it a grand success. Location In charges of Consumer DO, Area Office, Ranchi and Khunti Terminal also attended the subject programme.
The session concluded with vote of thanks by Mr. Y P Singhal, General Manager (F), BSO.