State GST Growth Poor

Odisha has registered only 02 Percent growth in December 2019 on collection of Gross Domestic GST as compared to the corresponding period of 2018.


During December 2019, Odisha collected ? 2383 Crore, while in December, 2018, State collected ? 2347 Crore.

However India has registered an impressive 16 Percent growth of the GST revenues during the month of December, 2019 from domestic transactions, Odisha performance was not very impressive, officials say.

While Odisha failed to register better growth, neighboring states like West Bengal recorded 16 Percent growth, Assam 33 Percent, Chhattisgarh 15 Percent and Andhra Pradesh recorded 11 Percent growth.

The gross GST revenue collected in the month of December, 2019 is ? 1,03,184crore of which CGST is ? 19,962crore, SGST is ? 26,792crore, IGST is ? 48,099crore (including ? 21,295crore collected on imports) and Cess is ? 8,331crore (including ? 847crore collected on imports).

The total number of GSTR 3B Returns filed for the month of November up to 31stDecember, 2019 is 81.21lakh.

If we consider IGST collected from imports, the total revenue during December, 2019 has increased by 9% in comparison to the revenue during December, 2018.

During this month, the IGST on import of goods has seen a negative growth of (-) 10%, but is an improvement over (-) 13% last month and (-) 20% in the month of October.

The Union Government has settled ? 21,814 crore to CGST and ? 15,366 crore to SGST from IGST as regular settlement.

The total revenue earned by Central Government and the State Governments after regular settlement in the month of December, 2019 is ? 41,776 crore for CGST and ? 42,158 crore for the SGST.
 


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