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Odisha GST collection jumps 15.14% to Rs 4,749.02 crore in March, second highest collection ever

UNI
Updated: April 2nd, 2023, 19:36 IST
in Business, Metro, Top Stories
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Bhubaneswar: Odisha has recorded a gross GST collection of Rs 4,749.02 crores during March, 2023, recording a 15.14 per cent growth over the year-ago period.

The state collected Rs 4,124.66 crores during March, 2022.

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The gross GST netting of Rs 4,749.02 crores is the state’s second-highest collection of all time.

The collection of GST revenue to be retained by the State — OGST+IGST settlement during the month of March, 2023 – is recorded at Rs 1,977.45 crores which is 15.69 percent higher than the corresponding collection of Rs 1709.14 crores recorded during March, 2022.

The progressive collection of GST revenue to be retained by the State during FY 2022-23 is Rs 18,766.58 crores as against Rs 16,392.24 crores collected during FY 2021-22 with a growth rate of 14.48 per cent.

The total collection of  VAT (Petrol & Liquor) is Rs 1,917.29 crores during March, 2023 as against Rs 1,693.53 crores during March, 2022 with a growth rate of 13.21 per cent.

Overall, the CT & GST Commissionerate has collected Rs 31,158.33 crore during FY 2022-23 under all Acts (GST/ VAT/ Profession Tax/ ET) as against collection of Rs 26,756.18 Crore during FY 2021-22 recording a growth of 16.45 per cent.

UNI

Tags: EconomyGSTigstOdishaOGSTTax
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