Odisha Records Fourth Highest Ever Collection of Net GST with Mop up of Rs. 1853.98 Cr during October 2023

Bhubaneswar: Odisha has recorded the fourth highest ever collection of Net GST (OGST+IGST Settlement) with a collection of Rs. 1853.98 crore during October 2023. The monthly average tax collection (OGST + IGST Settlement) upto the month of October 23 is Rs. 1744.30 crore against an average tax collection of Rs. 1475.61 crore upto October’22 with a growth rate of 18.21%.

Out of the above, the OGST collection during October ‘23 is recorded at Rs. 1306.47 crore against collection of Rs. 1058.38 Cr during October ‘22 with growth rate of 23.43%.

The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including OGST/ IGST Settlement / VAT/ Entry Tax and Profession Tax during October 23 is Rs. 2831.17 crore. The monthly average collection under all Acts for the FY 2023-24 (till Oct ’23) is 2677.98 crore against an average collection of Rs.2374.49 crore for FY 2022-23 (upto Oct ’22) with a growth rate of 12.78%.

With regard to Gross GST collection (CGST+ IGST+ SGST+ Cess), the State has recorded a collection of Rs. 4176.94 crore during October ‘23 against collection of Rs. 3769.44 crore over corresponding period of October ‘22 with a growth rate of 10.81%. The progressive Gross GST collection during FY 2023-24 (till October 23) is Rs. 30893.17 crore with growth of 10.72% over corresponding period of FY 2022-23.

During October 2023, 21.19 lakh of waybills have been generated vis-à-vis 16.65 lakh of waybills generated during October 2022 recording a growth of 27.26% reflecting the buoyancy in the economic sector.