ODISHA RECORDS FOURTH HIGHEST EVER COLLECTION OF NET GST WITH MOP UP OF RS. 1853.98 CR DURING OCTOBER 2023

Bhubaneswar(01/11/2023): Odisha has recorded the fourth highest ever collection of Net GST (OGST + IGST Settlement) with a collection of Rs.1853.98 crore during October 2023.

The monthly average tax collection (OGST + IGST Settlement) upto the month of October 23 is Rs.1744.30 crore against an average tax collection of Rs.1475.61 crore upto October ’22 with a growth rate of 18.21%. Out of the above, the OGST collection during October ‘23 is recorded at Rs.1306.47 crore against collection of Rs.1058.38 crore during October ‘22 with growth rate of 23.43%.

The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including OGST/ IGST Settlement / VAT/ Entry Tax and Profession Tax during October 23 is Rs.2831.17 crore.

The monthly average collection under all Acts for the FY 2023-24 (till Oct ’23) is 2677.98 Cr against an average collection of Rs.2374.49 crore for FY 2022-23 (upto Oct ’22) with a growth rate of 12.78%.

With regard to Gross GST collection (CGST+ IGST+ SGST+ Cess), the State has recorded a collection of Rs.4176.94 crore during October ‘23 against collection of Rs.3769.44 crore over corresponding period of October ‘22 with a growth rate of 10.81%.

The progressive Gross GST collection during FY 2023-24 (till October 23) is Rs.30893.17 crore with growth of 10.72% over corresponding period of FY 2022-23. During October 2023, 21.19 Lakh of waybills have been generated vis-à-vis 16.65 Lakh of waybills generated during October 2022 recording a growth of 27.26% reflecting the buoyancy in the economic sector.