Bhubaneswar: June 15:The Government of Odisha have claimed Rs.2755.36 crore towards CST Compensation for the loss on account of CST reduction from 2007-08 to 2011-12 but received Rs. 2201.40 crore for the said period. The CST Compensation claims for release by Government of India for the year 2012-13 to 2014-15 is Rs.2908.82 crore. Government of India may release CST Compensation for the year 2012-13 by the end of September’2016. Further the committee may review for CST Compensation to the States for the year 2013-2014 onwards.While favouring the implementation of GST for growth of economy and industry, Odisha has suggested that, GST return as is designed appears to be complicated for a common trader to fill in the return form with commodity wise and the HSN code wise details. Therefore, filling in of HSN code wise details of the commodities in the return form may be postponed during initial stages. Also, State advocated to have suitable provisions in the IGST Act authorizing the State Government authorities to audit, assess and recover taxes on inter-state transaction of goods and services, as the State has a stake in IGST transaction as well. To avoid harassment to the tax payer and litigations, steps may be taken to avoid dual authority of Central and State Government in respect of audit & assessment of a particular dealer for the same tax period. Dr. Amit Mitra, Hon’ble Finance Minister of West Bengal and Chairman of Empowered Committee Presided over the meeting. Union Finance Minister Sj. Arun Jaitley was present. Odisha Govt. was represented by Mr. R. Balkrishnan, Additional Chief Secretary (Finance) And Mr. Saswat Mishra, Commissioner of Commercial Taxes.
