State records 70% growth in Dec 2023

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State records 70% growth in Dec 2023

Wednesday, 03 January 2024 | PNS | BHUBANESWAR

Odisha recorded the second highest-ever collection of State GST with a mop up of Rs 2,578.05 crore during December, 2023 against a collection of Rs 1,515.88 crore in December, 2022, registering a growth rate of 70.07 per cent.

 

The progressive collection of State GST (OGST+IGST settlement) till December, 2023 stood at Rs 17,419.61 crore against collection of Rs 13,235.52 crore up to December, 2022, registering a growth rate of 31.61 per cent, said a release by the CT and GST Commissionerate in Odisha on Monday.

 

The collection under all acts monitored by the CT and GST Commissionerate including OGST, IGST, VAT, Entry Tax and Profession Tax was Rs 3,665.23 crore in December, 2023 against a mop up of Rs 2,510.86 crore during December, 2022 with a growth rate of 45.98 per cent.

 

Similarly, the progressive collection under all acts up to December, 2023 stood at Rs 26,089.84 crore with a growth rate of Rs 21.68 per cent in comparison to the corresponding period of 2022.

 

The State recorded the Gross GST collection (CGST+IGST+SGST+Cess) of Rs 4,351.42 crore during December, 2023 against a collection of Rs 3,854.29 crore during December 2022, registering a growth rate of 12.90 per cent.

 

The progressive Gross GST collection during 2023-24 fiscal (till December 2023) is Rs 39, 539.67 crore with growth of 10.08 per cent over the corresponding period of financial year 2022-23.

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