Bhubaneswar: Odisha records the fourth highest ever collection of Net GST (OGST + IGST settlement) with mop-up of Rs. 1853.98 Cr during October 2023.
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) up to the month of October 2023 is Rs. 1744.30 Cr against an average tax collection of Rs. 1475.61 Cr upto October 2022 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 the 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 the 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 the 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
