Odisha records growth rate of 19.26% with mop up of Rs 7,225.25 Crore OGST and IGST settlement up to July 2023
Bhubaneswar: Odisha has recorded a growth rate of 19.26 per cent with a mop up of Rs 7,225.25 crore OGST and IGST settlement up to July 2023.
The progressive collection to be retained by the State (OGST+IGST Settlement) till July 2023 stands at Rs 7,225.25 crore against a collection of Rs 6,058.27 crore till July 2022, thereby recording a growth of 19.26 per cent, an official source said.
During July 2023, the State collected OGST and IGST Settlement to the tune of Rs 1,716.49 crore. The OGST collection during July 2023 is recorded at Rs 1,300.33 crore against a collection of Rs 1,112.66 crore during July 2022 with a growth rate of 16.87 per cent.
The progressive collection of OGST till July 2023 is Rs 5,511.69 crore against a collection of Rs 5,238.61 crore till July 2022 with a growth of 5.21 per cent.
With regard to gross GST collection (OGST+IGST+SGST+Cess), the State has recorded a collection of Rs 4,245.40 crore during July 2023 against a collection of Rs 3,651.61 crore over the corresponding period of July 2022 with a growth rate of 16.26 per cent.
The collection under all Acts monitored by the Commissionerate of CT and GST, Odisha including GST/ VAT/ Entry Tax/ Profession Tax is Rs 1,0776.87 crore up to the month of July 2023 as against a collection of Rs 9,563.01 crore up to July 2022 with a growth rate of 12.69 per cent.
During July 2023, around 20.12 lakh waybills were generated against 15.68 lakh waybills generated during July 2022, thereby recording a growth of 28.31 per cent and reflecting the buoyancy in the economic sector.