Odisha Registers 11% Growth in GST Collection
Bhubaneswar: Odisha has registered an 11 percent growth in the collection of gross Goods and Services Tax (GST) during the period from April 2019 to February 2020. The State has collected a whopping Rs 27,044.37 crore during the period from April 2019 to February 2020 compared to Rs 24,325.79 crore in the same period in [...]
Bhubaneswar: Odisha has registered an 11 percent growth in the collection of gross Goods and Services Tax (GST) during the period from April 2019 to February 2020.
The State has collected a whopping Rs 27,044.37 crore during the period from April 2019 to February 2020 compared to Rs 24,325.79 crore in the same period in the previous year.
“The gross GST collection (CGST, IGST, SGST & cess) from April 2019-February 2020 shows a growth of 11.18 per cent with collection of Rs 27044.37 crore against Rs 24325.79 crore collected during April 2018-February 2019,” stated a statement from the Commissioner (commercial tax and GST) of the Odisha Finance Department.
Odisha has maintained 28 per cent growth in state GST revenue up to February 2020.
Like in earlier months, with SGST collection of Rs 804.85 crore in February 2020 against Rs. 672.99 crore in February 2019, progressive growth rate of 27.50 per cent has been achieved till February.
The SGST collection of Rs 804.85 crore is the second highest monthly collection during the current financial year, it said.
The VAT collection from petroleum products and liquor during February this year is Rs 695.81 crore, which is the highest monthly collection during the current financial year.
Out of this, the collection from petroleum products, which was showing a negative trend till December 2019, has improved with collection of Rs 541.44 crore in February 2020 as compared to Rs 470.72 crore in February 2019, the statement added.
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