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20 Percent GST Growth

Odisha has recorded a growth of 20.01 Percent in gross GST collection (CGST, IGST, SGST & Cess) during December 2020 which is the highest growth rate for the month, compared to December 2019, amongst all the major states in the country.

The Gross GST Collection during December 2020 is Rs. 2860.20 Crore against Rs. 2383.29 Crore collected during the corresponding period last year (Source: GSTN).

The collection of OGST during December 2020 is Rs. 765.26 Crore against Rs. 726.29 Crore collected during Dec 2019 with a growth rate of 5.37 Percent. Collection of IGST during December 2020 is Rs. 965.75 Crore against Rs. 696.04 Crore made during December 2019 with growth of 38.75 Percent which is the highest growth in a month of the current financial year.

However, the collection of GST from mining sector continues to be sluggish due to non-operation of many of the mines. The collection is expected to improve in the coming months with gradual opening up of most sectors in the economy as well as with increase in government expenditure in infrastructure projects and increase in public consumption.

The total Non GST Collection (Petrol and Liquor) of Rs. 701 Crore is also the highest collection during the current financial year for a month registering a positive growth rate of 16.72 Percent against collection of Rs. 600.60 Crore during December 2019.

CT & GST Organization has been focusing on increasing the tax base of GST with constant survey and registration. 35461 new entities have been brought under the GST fold in the current FY (till Dec ’20).  All Circles have been instructed to ensure at least 90 Percent return filing within due date. 97513 notices have been issued to Non Filers, 8665 assessment U/s 62 initiated for non filing of returns and demand in 6047 cases have been raised through DRC-07.

Further, 5497 registrations of habitual defaulters have been cancelled. As a result of these, the return filing percentage of the preceding three months i.e. for September 2020, October 2020 & November 2020 for state assigned taxpayers has been 92.06PC, 92.29PC and 92.30PC respectively.

The number of e-way bill generated by dealers from Odisha is 14.72 Lakh during December 2020 which is the highest number of e-waybills generated during the current FY. The e-waybill generation has also shown a positive growth of 12 PC which reflects increased economic activities.

Data Analytics are being used for generation of various analytical reports. Based on data analytics, 45436 returns have been scrutinized out of which discrepancy noticed in 9214 cases and statutory action initiated.

Enforcement Activities have been stepped up in order to increase the compliance amongst taxpayers and unearth fraudulent activities.  Based on intensive Data Analysis and internal intelligence, the State Enforcement Wing has busted many rackets involved in raising bogus invoices and arrested 17 persons for their involvement in availing and passing of bogus ITC to the tune of Rs. 970  Crore so far.

Further, Government has extended the due date of furnishing of annual return under Section 44 of the Odisha goods and Services Tax Act, 2017 for the Financial Year 2019-20 from 31 December, 2020 to 28 February, 2021.

In this regard, the taxpayers are requested to furnish their annual return, if not furnished, for the Financial Year 2019-20 by the extended due date of 28 February, 2021.