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GST Up By 13 PC

Bhubaneswar: Odisha has recorded a growth of 13 per cent in collection of Goods and Services Tax (GST) during the month of September 2022 against the collection of September 2021.  

According to official data released by the Ministry of Finance on Saturday, the State has collected total GST revenue of Rs 3,765 crore during last month while it has collected Rs 3,326 crore in the same month, last year.   

The State had collected GST revenue of Rs.3883.90 crore during August 2022 against Rs. 3316.55 crore collected during August 2021 with a growth of 17.11 per cent.

The progressive collection of gross GST till August was Rs. 20366.77 crore whereas the State had collected Rs.16977.92 crore of gross GST during the same period of the last fiscal. It means the gross GST collection has registered a growth of 19.96 percent this year.

At all India-level, the gross GST revenue collected in the month of September 2022 is Rs 1,47,686 crore of which CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods).

During the month, revenue from import of goods was 39 per cent higher and the revenues from domestic transactions (including import of services) are 22 per cent higher than the revenues from these sources during the same month last year.

This is the eighth month and for the seventh month in a row now, that the monthly GST revenues have been more than the Rs 1.4 lakh crore mark. The growth in GST revenue till September 2022 over the same period last year is 27 per cent, continuing to display very high buoyancy.

During the month of August 2022, 7.7 crore e-way bills were generated, which was marginally higher than 7.5 crore in July 2022.

The month of September witnessed the second highest single day collection of Rs. 49,453 crore on 20th with second highest number of 8.77 lakh challans filed, next only to Rs. 57,846 crore collected on 20th July 2022 through 9.58 lakh challans, which pertained to end of the year returns.