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Odisha GST Collection Amazing Growth of Over 18.91% in Nov 2023

Odisha GST Collection in November 2023

A remarkable rise of 100.77% in State GST with a collection of Rs 2791.45 crore in November 2023 is registered by Odisha compared to the collection of Rs 1390.36 crore in the identical month last year, as per the official.

The refined collection of State GST (OGST+IGST Settlement) up to November’23 is Rs 14,913.16 crore compared to the collection of Rs 11,719.64 crore in November ’22, registering a growth GST rate of 27.25 percent, as per the official release.

The collection beneath all Acts watched by the commissionerate of CT & GST, Odisha, including OGST/ IGST Settlement / VAT/ Entry Tax and Profession Tax during November 2023 is Rs 3,856.72 crore against a collection of Rs 2,308.92 crore during November 2022 with a growth rate of 67.04%, it added.

Read also: GST Collection Gets 1.72 Lakh Cr in Oct, 2nd Highest Month in 2023

Under all acts up to November 2023, a progressive collection stood at Rs 22,510.56 cr with a growth rate of 18.91% over the identical collection till November 2022. Concerning Gross GST collection (CGST+IGST+SGST+Cess), a collection of Rs 4,295.08 crore is been recorded by the state in November 2023 compared to the collection of Rs 4162.26 crore during November 2022 with a growth rate of 3.19%. Rs 35188.25 crore is the progressive Gross GST collection at the time of fiscal year 2023-24 with a growth of 9.75% over the corresponding period of FY 2022-23, it stated, specifying that in November 2023, 20.85 lakh GST e-way bills were generated vis–vis 18.19 lakh waybills generated in November 2022, recording a growth of 14.62%.

12.39 lakh were intra-state waybills while 8.46 lakh were inter-state waybills (3.45 lakh of incoming and 5.01 lakh of outgoing waybills), out of the 20.85 lakh e-waybills generated in November this year.

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Published by Arpit Kulshrestha
Arpit Kulshrestha seeks higher interests in financial services, taxation, GST, I-T, etc. Writes articles with depth knowledge and is extensive for the same. The resources provide effective articles for the products of SAG infotech which provides taxation and IT software. Writing from observations and researching makes his articles virtuous. View more posts
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