Easy tax for Indian Oil Paradip to cost Odisha govt Rs 25,000 cr

Easy tax for Indian Oil Paradip to cost Odisha govt Rs 25,000 cr

The state government will lose Rs 24,796 crore due to deferment of value added tax (VAT) to the 15mtpa oil refinery of Indian Oil Corporation Ltd (IOCL) at Paradip for a period of 11 years (2016-17 to 2026-27).

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