Odisha records growth rate of 19.26% with mop up of Rs 7,225.25 Crore OGST and IGST settlement up to July 2023

Suranjan Mishra Published On : Aug 1, 2023 at 6:40 PM

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.

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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.