Bhubaneswar: 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 of last financial year, thereby registering a growth rate of 18.21%.
Out of the above, the OGST collection during last month alone stood at Rs 1306.47 crore against collection of Rs 1058.38 crore during October 2022 with growth rate of 23.43%.
Similarly, 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 Financial Year 2023-24 (till October) is 2677.98 crore against an average collection of Rs 2374.49 crore for FY 2022-23 (upto October) 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 the last month against collection of Rs 3769.44 crore over corresponding period of October 2022 with a growth rate of 10.81%.
The progressive Gross GST collection upto October of FY 2023-24 has remained Rs 30,893.17 crore with growth of 10.72% over corresponding period of FY 2022-23.
During October 2023, 21.19 lakh of waybills were 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.
At all India level, the gross GST revenue collected in the month of October, 2023 is Rs 1,72,003 crore out of which Rs 30,062 crore is CGST, Rs 38,171 crore is SGST, Rs 91,315 crore (including ₹ 42,127 crore collected on import of goods) is IGST and Rs 12,456 crore (including Rs 1,294 crore collected on import of goods) is cess.
The government has settled Rs 42,873 crore to CGST and ₹ 36,614 crore to SGST from IGST. The total revenue of Centre and the States in the month of October 2023 after regular settlement is Rs 72,934 crore for CGST and Rs 74,785 crore for SGST.