Odisha reports 43% year-on-year growth in GST collection in Dec 2021

Cuttack: Odisha collected Rs 4,080.14 crore as Goods and Services Tax (GST) during December 2021, a growth of 43% as compared to Rs 2,860.20 crore collected during December 2020.

In a statement, the Commissionerate of CT and GST in Odisha stated the growth of GST collection during December last year is also the highest amongst major states for the fourth consecutive month. This is also the second highest ever gross collection of GST by the state since launch of GST.

The progressive GST collection till December 2021 is Rs 32,113 crore against Rs 20,089 crore till December 2020 with growth of 60%. The corresponding collection till December 2019 was Rs 21,750 crore.

The collection of Odisha Goods and Services Tax (OGST) during the month of December last year is Rs 1,118.65 crore against a collection of Rs 765.26 crore during Dec 2020 recording a robust growth of 46.18%. The collection of Rs 1,118.65 crore during December 2021 is the third highest ever gross collection of OGST by the state since the inception of GST.

There is also collection of Rs 973.79 crore in CGST, Rs 1,267.63 crore in IGST and Rs 720.07 crore in cess during December 2021 recording a growth of 65.21%, 31.26% and 33.40% over December 2020 respectively.

Gross GST Collection during the third quarter of 21-22 (Oct-Dec) is Rs 11,809.26 crore recording a growth of 51.08% against the corresponding second quarter collection of 20-21.

Growth in GST is mostly driven by mining and manufacturing sectors. Sectoral analysis of Top 100 dealer’s GST payments in cash reveals that Rs 8,595 crore of gross revenue (CGST+SGST+IGST+CESS) was collected from the mining sector during the current FY vis-à-vis Rs 4,714 crore collected from the same dealers during corresponding period of last FY with a growth of 83%. The successful auction of iron ore mines last year by the State Government is contributing significantly in increase in tax revenue this year.

Manufacturing sector has recorded a growth of 142% with a collection of Rs 8,157.93 crore during the current FY vis-à-vis collection of Rs 3,374.61 crore in last FY from top 100 dealers. This is largely due to increase in prices of steel and other metal related products in the first two quarters of 21-22.

Service Sector, Trading Sector and Works Contract Sector also recorded a growth of 72%, 89% and 46% in the current FY over the corresponding period of last year.

The total collection of VAT (Petrol and Liquor) is Rs 759.72 crore during December 2021 as against Rs 691.47 crore during Dec 2020 with growth rate of 9.87%. Out of the above, collection from Petroleum Products is Rs. 589.04 crore during Dec 2021 as against Rs 558.85 crore during Dec‘20 with growth rate of 5.4%.

Similarly, collection from Liquor is Rs. 170.67 crore during Dec‘21 as against Rs. 132.61 crore during December 20 with growth rate of 28.70%.

A special two month drive for “survey and registration” of all potential GST and Profession Tax Payers throughout the State was completed during which nearly 19,000 persons were contacted by State Tax Officers out of which 3,727 eligible taxpayers were bought under the GST fold and 3,305 eligible persons were bought under the Profession Tax fold. During the current FY, 35,724 new taxpayers have been bought under the GST fold.

Further, during the current FY, 11,482 assessment have been initiated against defaulters for non filing of returns.

The total e-waybill generated during December ’21 was 16.21 lakh against 14.08 lakh during December ’20 witnessing a growth of 15%.

Commissioner of CT & GST, Sushil Kumar Lohani, instructed the field officers to ensure at least 90% return filing, return scrutiny of all suspected/ big taxpayers as well as prompt demand and recovery in case of notice of any irregularities.

He also advised the officers to adhere to the principles of 5T and attend to the genuine grievances of the taxpayers without fail.

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