Odisha Posts 19.26 Per cent Growth in GST Collection in July 2023
Bhubaneswar: Odisha has posted a growth of 19.26 per cent in GST collection for the month of July 2023 over the same period last year. The progressive collection to be retained by the State (OGST + IGST Settlement) till July, 2023 stands at Rs. 7225.25 crore against a collection of Rs. 6058.27 crore till July, [...]
Bhubaneswar: Odisha has posted a growth of 19.26 per cent in GST collection for the month of July 2023 over the same period last year.
The progressive collection to be retained by the State (OGST + IGST Settlement) till July, 2023 stands at Rs. 7225.25 crore against a collection of Rs. 6058.27 crore till July, 2022 recording a growth of 19.26%. During July ’23, the State has collected OGST and IGST Settlement to the tune of Rs.1716.49 crore.
The OGST collection during July 23 is recorded at Rs. 1300.33 crore against collection of Rs. 1112.66 crore during July 22 with growth rate of 16.87%. The progressive collection of OGST till July 23 is Rs. 5511.69 crore against collection of Rs.5238.61 crore till July 22 with growth of 5.21%.
With regard to Gross GST collection (OGST+IGST+SGST+Cess), the State has recorded a collection of Rs. 4245.40 crore during July,2023 against collection of Rs.3651.61 crore over corresponding period of July,2022 with a growth rate of 16.26%.
The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including GST/ VAT/ Entry Tax / Profession Tax is Rs. 10776.87 crore up to the month of July,2023 as against collection of Rs. 9563.01 crore up to July,2022 with a growth rate of 12.69%.
During July 2023, 20.12 Lakh of waybills have been generated vis-à-vis 15.68 Lakh of waybills generated during July 2022 recording a growth of 28.31% reflecting the buoyancy in the economic sector, informed tge Commissionerate of CT & GST.
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