Odisha Registers 10% Growth In GST Collection In February 2023

Bhubaneswar: Odisha has registered 10 per cent growth in gross GST revenue collection in February, 2023 over the collection in the same month last year.

The gross GST revenue collected in the country in February 2023 is Rs 1,49,577 crore of which CGST is Rs 27,662 crore, SGST is Rs 34,915 crore, IGST is Rs 75,069 crore (including Rs 35,689 crore collected on import of goods) and Cess is Rs 11,931 crore (including Rs 792 crore collected on import of goods), a release from Union Finance Ministry said on Wednesday

In Odisha, the GST collection in February 2023 was Rs 4,519 crore against Rs 4,101 crore collection in February 2022. The state has registered a growth of 10 per cent in GST collection during the month when compared with the month of February last year.

The government has settled Rs 34,770 crore to CGST and Rs 29,054 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States after regular settlements in the month of February 2023 is Rs 62,432 crore for CGST and Rs 63,969 crore for the SGST.

In addition, Centre had also released balance GST compensation of Rs 16,982 crore for the month of June 2022 and Rs 16,524 crore to States/UTs which have sent AG certified figures for previous period.

The revenues for the month of February 2023 are 12% higher than the GST revenues in the same month last year, which was Rs 1,33,026 crore.

During the month, revenues from import of goods was 6% higher and the revenues from domestic transaction (including import of services) are 15% higher than the revenues from these sources during the same month last year.