Odisha Registers 5% Growth In GST Collection In October 2022

Bhubaneswar: Odisha has registered five per cent growth in gross GST revenue collection in October, 2022 over the collection in the same month last year.

The gross GST revenue collected in October 2022 is Rs 1,51,718 crore of which CGST is Rs 26,039 crore, SGST is Rs 33,396 crore and IGST is Rs 81,778 crore (including Rs 37,297 crore collected on import of goods), while Cess is Rs 10,505 crore (including Rs 825 crore collected on import of goods), which is second highest till date, a release from Union Finance Ministry said on Tuesday.

In Odisha, the GST collection in October 2022 was Rs 3,769 crore against Rs 3,593 crore collection in October 2021. The state has registered a growth of five per cent in the GST collection during the month when compared with the month of October last year.

The government has settled Rs 37,626 crore to CGST and Rs 32,883 crore to SGST from IGST as regular settlement. In addition, Centre has also settled Rs 22,000 crore on adhoc basis in the ratio of 50:50 between Centre and states. The total revenue of Centre and the states after regular as well as adhoc settlements in the month of October 2022 is Rs 74,665 crore for CGST and Rs 77,279 crore for the SGST.

The revenue for October 2022 is second highest monthly collection, next only to the collection in April 2022 and it is for the second time the gross GST collection has crossed Rs. 1.50 lakh crore mark. October also saw the second highest collection from domestic transactions, next only to April 2022.

This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the Rs 1.4 lakh crore mark. During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly higher than 7.7 crore e-way bills generated in August 2022.