ODISHA RECORDS PHENOMENAL GROWTH RATE OF 24% UNDER STATE GST DURING JUNE ‘24

Jul 1, 2024 - 21:01

Bhubaneswar (01/07/2024): Odisha has recorded a collection of Rs.2039.71 Crore under State GST (OGST + IGST Settlement) during June ’24 against corresponding collection of 1650.82 Crore recorded during June ‘23 registering a phenomenal growth rate of 23.56%.

The progressive collection under State GST upto June ‘24 stands at Rs.7000.98 Crore against a collection of Rs.5427.10 Crore upto June 23 with a growth rate of 29.00%. Odisha has also recorded collection of Gross GST (CGST+ IGST+ OGST + Cess) of Rs.4987.27 Crore during June 2024 against corresponding collection of Rs.4379.97 Crore recorded during June 2023 registering a growth rate of 13.87%.

The progressive collection under Gross GST upto June 24 stands at Rs.15916.31 Crore against a collection of Rs.13813.44 Crore upto June 23 with a growth rate of 15.22%. The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including OGST/ IGST Settlement / VAT and Profession Tax during June 24 is Rs.3273.49 Crore against collection of Rs.2783.74 Crore during June 23 with a growth rate of 17.59%.

The progressive growth rate upto June 24 under all Acts stands at 22.28%. During June ’24, 22.87 Lakh of waybills have been generated vis-à-vis 18.79 Lakh of waybills generated during June ‘23 recording a growth of 21.71% reflecting the buoyancy in the State economy.