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) up to the month of October, 2023 is Rs 1744.30 crore against an average collection of Rs 1475.61 crore up to October, 2022, with a growth rate of 18.21%, an official release said on Wednesday.
Out of these, the OGST collection during October, 2023 is recorded at R
s 1306.47 crore against collection of Rs 1058.38 crore during the same month last year, 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 October2023 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 Cr for FY 2022-23 (up to 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