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GST Records 47% Growth

Bhubaneswar: The State GST (SGST) collection has recorded a 47 per cent growth during the month of February 2022 against the collection made during the same month of last year.

The SGST collection was Rs 1152.37 crore in February against a collection of Rs 781.06 crore during February, 2021.

The progressive gross SGST collection upto February of 2021-22 was Rs 11,391.76 crore whereas the State had collected Rs 7,337.53 crore till February of the 2021-21. The gross SGST collection has recorded a growth rate of 55.35 per cent.

The State has recorded a 23 per cent growth in gross GST collection during the month of February 2022 against the collection made during February of 2021. The State has collected Rs 4101.09 crore during the last month while it had collected Rs 3340.56 crore in February, 2021.

Similarly, the progressive gross GST collection upto February of the current financial year 2021-22 was Rs 40,210.01 crore while the State had collected Rs 26,567.47 crore till February of last financial year, thereby registering a growth of 51.35 per cent.

There is also a collection of Rs 989.49 crore in CGST, Rs 1223.92 crore in IGST & Rs 735.71 crore in Cess during the month of February, 2022.

The total collection of VAT (petrol & liquor) was Rs 836.62 crore during last month as against Rs 833.96 crore collected during the same month of last year, thereby registering a growth of 0.32 per cent.

Out of the above, collection from petroleum products was Rs 641.22 crore while collection from liquor was Rs 195.40 crore in February.

Growth in GST is mostly driven by mining and manufacturing sectors. The successful auction of iron ore mines last year by the State Government is contributing significantly in increase in tax revenue this year, said the officials.

Amongst the top 100 taxpayers, while the Mining sector witnessed a growth of 84 per cent, the manufacturing sector recorded 101 per cent growth during this year.

Similarly, Service Sector, Trading Sector and Works Contract Sector have recorded a decent growth of 61.37 per cent, 69.64 per cent and 38.83 per cent in the current fiscal year over the corresponding period of last year.

During the current financial year, 43542 new taxpayers have been bought under the GST fold. A special two month’s drive for ‘survey and registration’ of all potential GST & Profession Tax Payers throughout the State completed recently.

 During the current fiscal year, six accused persons have been arrested involved in availing & passing on of bogus ITC total amounting to Rs 462.49 crore, the officials said.  

Commissioner of CT & GST, Sushil Kumar Lohani, has instructed the field officers to ensure at least 90 per cent return filing, return scrutiny of all suspected/ big taxpayers as well as prompt demand and recovery in case of notice of any irregularities.

He also advised the officers to adhere to the principles of 5T and attend to the genuine grievances of the taxpayers without fail.