Latest News | Odisha Records 13.5pc Growth in Gross GST Collection in August
Get latest articles and stories on Latest News at LatestLY. Odisha has recorded 13.50 per cent growth in gross GST collection in August 2023 compared to the same month last year, officials said on Friday.
Bhubaneswar, Sept 1 (PTI) Odisha has recorded 13.50 per cent growth in gross GST collection in August 2023 compared to the same month last year, officials said on Friday.
The state has recorded a collection of Rs 4,408.27 crore in August 2023 against a collection of Rs. 3,883.90 crore in August 2022, a growth rate of 13.50 per cent, the officials said.
Also Read | Income Tax Deadlines in September 2023: Know Last Dates For Important IT-Related Works.
The monthly collection to be retained by the state (OGST + IGST settlement) during last month stood at Rs 1,733.62 crore against a collection of Rs 1,254.24 crore in August 2022, thereby recording a growth of 38.22 per cent.
Till August, the state has collected OGST (Odisha GST) and IGST settlement to the tune of Rs 8,877.21 crore with a growth rate of 21.40 per cent.
Similarly, the OGST collection registered a growth rate of 29.66 per cent during August 2023. The state has collected Rs 1,332.99 crore OGST in the last month against a collection of Rs 1,028.07 crore in the same month of previous year.
The collection under all Acts monitored by the commissionerate of commercial tax and GST, Odisha including GST, VAT, Entry Tax and Profession Tax stood at Rs 2,793.38 crore during August 2023 as against a collection of Rs 2,219.81 crore during the same month of 2022, registering a growth rate of 25.84 per cent.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)