Odisha records over 11 pc growth rate in GST mop-up during May 2023
O
disha recorded an 11.17 per cent growth rate in the gross GST collection during May 2023 to Rs 4397.73 crores, the state government informed through a press statement on Thursday.
According to the statement, the state has registered a growth of 30.28 per cent with a mop-up of OGST and IGST settlement of Rs 1675.77 Cr during May 2023. "The state has recorded a Gross GST collection of Rs 4397.73 crore during May 2023 against a collection of Rs 3955.75 crore over the corresponding period of the previous year with a growth rate of 11.17 per cent. The progressive gross GST collection up to May 23 stands at Rs 9433.47 crore against a collection of Rs 8865.98 crore up to May 22 recording a growth rate of 6.40 per cent", the Commissionerate of CT and GST, Odisha said in the statement.
It further stated that the collection to be retained by the State consisting of OGST and IGST settlement had recorded a growth of 30.28 per cent during May 2023 with a collection of Rs 1675.77 crore as against collection of Rs 1286.29 crore during May 2022.
"The progressive collection to be retained by the State (OGST + IGST Settlement) till May 2023 stands at Rs 4034.94 crore against a collection of Rs 2966.29 crore till May 22 recording a growth of 36.03 per cent," it added.
It stated further that the collection under all Acts is monitored by the Commissionerate of CT and GST, Odisha including GST/ VAT/ Entry Tax / Profession Tax is Rs 2711.04 crore during the month of May 2023 as against collection of Rs 2311.78 crore during May 2022 with a growth rate of 17.27 per cent.
During May 2023, 20.40 lakh of waybills were generated vis-a-vis 17.26 lakh of waybills generated during May 2022 recording a growth of 18.19 per cent reflecting the buoyancy in the economic sector, it added.
✔️ Odisha records over 11 pc growth rate in GST mop-up during May 2023
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