Collection of Net GST (OGST + IGST settlement) 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 Cr during October 2023. The monthly average tax collection (OGST + IGST Settlement) upto the month of October 23 is Rs. 1744.30 Cr against an average tax collection of Rs. 1475.61 Cr 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 Cr 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 Cr. The monthly average collection under all Acts for the FY 2023-24 (till Oct ’23) is 2677.98 Cr against an average collection of Rs. 2374.49 Cr 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 Cr during October ’23 against collection of Rs. 3769.44 Cr 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 Cr 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.
