Odisha Posts 15.14% Growth in Gross GST Collection During March 2023
Cuttack: Odisha has posted a growth of 15.14% in gross GST collection at Rs. 4749.02 crore during March, 2023 against Rs. 4124.66 crore during March, 2022. The Gross collection of Rs. 4749.02 Cr is the second highest Gross collection of all time. The collection of GST revenue to be retained by the State i.e. OGST+IGST [...]
Cuttack: Odisha has posted a growth of 15.14% in gross GST collection at Rs. 4749.02 crore during March, 2023 against Rs. 4124.66 crore during March, 2022.
The Gross collection of Rs. 4749.02 Cr is the second highest Gross collection of all time.
The collection of GST revenue to be retained by the State i.e. OGST+IGST Settlement during the month of March,2023 is recorded at Rs. 1977.45 Cr which is 15.69% higher than the corresponding collection of 1709.14 Cr recorded during March,2022 .
The progressive collection of GST revenue to be retained by the State during FY 2022-23 is Rs. 18766.58 Cr as against Rs. 16392.24 Cr collected during FY 2021-22 with a growth rate of 14.48%.
The total collection of VAT (Petrol & Liquor) is Rs. 1917.29 Cr during March,2023 as against Rs.1693.53 Cr. during March,2022 with growth rate of 13.21%.
The progressive collection of VAT during FY 2022-23 is 11974.65 Rs. which is 20.16 % higher than the collection of Rs. 9965.60 Collected during FY 2021-22.
Overall, the CT & GST Commissionerate has collected Rs. 31158.33 Cr during FY 2022-23 under all Acts (GST/ VAT/ Profession Tax/ ET) as against collection of Rs. 26756.18 Cr during FY 2021-22 recording a growth of 16.45%. 21.91 Lakh of waybills has been generated during March 2023 vis-à-vis 18.58 Lakh of waybills generated during March 2022 recording a growth of 17.93%.
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