Odisha records 40% growth in GST collection in February

GST

Photo courtesy: businesstoday.in

Bhubaneswar: Odisha has recorded a growth of 40 per cent in GST collection (OGST + IGST Settlement) during February 2023 of the current Financial Year.

The state collected Rs. 1712.48 crore in February 2023 against Rs. 1223.22 crore collected in February 2022 a  Commissionerate of CT & GST source said.

Out of the above, the OGST Collection is Rs. 1205.89 crore during February 2023. The progressive collection of OGST of the State till February 2023 is Rs. 12779.00 crore against Rs. 11391.76 crore with a growth rate of 12.18 per cent.

The State has also recorded a growth of 10.19 per cent in Gross GST with a collection of Rs. 4519.35 crore during February 2023 against Rs. 4101.49 crore during February 2022.

The Gross collection of Rs. 4519.35 crore during Feb ‘23 is the second-highest Gross collection of all time.

There has also been a growth in collection VAT from Petrol & Liquor with Rs. 1055.27 crore collected during February 2023 as against Rs.835.52 crore collected during February 2022 with a growth rate of 26.30 per cent.

The GST Commissionerate is also taking steps for increasing the taxpayer base with the registration of 46,090 new taxpayers during the current Financial Year.

The generation of waybills has also increased by 20.72 per cent during February 2023 signifying robust growth in business activities.

UNI 

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