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Finance Minister Pradip Amat said revenue outstanding amounts to Rs 7446.73 cr

Finance Minister Pradip Amat said revenue outstanding amounts to Rs 7446.73 cr

Bhubaneswar, Feb 27: (By Prasant Kumar Bhuyan)-Different agencies owe Odisha government a whopping Rs 7446.73 crore in revenue towards water tax Chief Secretary is holding review meetings every month. Focus Area Recovery Monitoring System has been introduced for revenue collection,” informed Finance Minister Pradip Amat in the state Assembly today.“The oil refinery set up by the Indian Oil Corporation Limited at Paradip has started its commercial production from 22 November 2015. entry tax and excise duty, informed Finance Minister Pradip Amat during Zero Hour in the Odisha Assembly today. Giving details of outstanding revenue Amat said while 39 firms owe Rs 1279.77 crore to the Energy department, 109 firms owe Rs 2085.96 crore to the Commerce department and 57 firms owe Rs 2121.31 crore to the Water Resources department. Amat informed the House. “Indian Oil Corporation Ltd (IOCL) owes an arrear of Rs 1485 crore towards Value Added Tax (VAT) to the state exchequer for the period December 2015 –December 2016. Notice will be served to IOCL for payment of the arrears,” he further informed. Odisha to serve notice to IOCL for VAT arrears Odisha government will soon serve notice to Indian Oil Corporation Ltd (IOCL) for payment of arrears towards Value Added Tax (VAT), different agencies owe Rs 1846 crore to the Mining department It doesn’t require incentives like interest-free loan or deferment of tax to run itself,” he added. Notably, the Odisha Cabinet on February 22 decided to withdraw from providing interest-free loan to IOCL’s Paradip Refinery project. Amat pointed out adding that Rs 60 crore Excise department.“Special steps will be taken for collection of arrears. The state government is also taking steps for speedy resolution of cases pending in different courts through mutual settlement. It has held back and not paid Rs 1,485 crore for the period December 2015-December 2016 which is violation of Orissa Value Added Tax Act, 2004,” , he added. Besides, different state and Central government organizations owe the state government Rs 3255.14 crore towards revenue, the Finance Minister told the House in response to a question by Athagarh MLA Ranendra Pratap Swain during Question Hour. “IOCL is a profit making company and capable of mobilizing resources.

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