44 C
Delhi
Friday, May 17, 2024

Odisha registers 19.26 pc GST growth rate

Date:

Share post:

Donate-GC-Razorpay

Bhubaneswar: Odisha recorded growth rate of 19.26 percent with mop up of OGST and IGST settlement of Rs. 7225.25 crore up to July, 2023,Official sources here on Tuesday said.

The progressive collection to be retained by the State (OGST + IGST Settlement) till July,2023 stands at Rs. 7225.25 crore against a collection of Rs. 6058.27 crore till July, 2022 recording a growth of 19.26 percent.

During July 23, the State collected OGST and IGST Settlement to the tune of Rs.1716.49 crore.

The OGST collection during July 23 is recorded at Rs. 1300.33 crore against collection of Rs. 1112.66 crore during July 22 with growth rate of 16.87 percent .

The progressive collection of OGST till July 23 is Rs. 5511.69 Crore against collection of Rs. 5238.61 Crore till July 22 with growth of 5.21 percent.

With regard to Gross GST collection the State has recorded a collection of Rs. 4245.40 crore during July,2023 against collection of Rs.3651.61 crore over corresponding period of July,2022 registering a growth rate of 16.26 percent.

The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including GST/ VAT/ Entry Tax / Profession Tax is Rs. 10776.87 crore up to the month of July,2023 as against collection of Rs. 9563.01 crore up to July,2022 registering a growth rate of 12.69 percent.

Sources said during July 2023, 20.12 Lakh of waybills have been generated vis-à-vis 15.68 Lakh of waybills generated during July 2022 recording a growth of 28.31 per cent reflecting the buoyancy in the economic sector.

Related articles

Accused held in Anjali murder case in Hubballi

Hubballi: Karnataka police have arrested Girish alias Vishwa, the prime suspect in the murder of 20-year-old Anjali at...

Ghatkopar tragedy: Prime accused arrested

Mumbai: The Crime Branch of Mumbai Police arrested the owner of Ego Media, Bhavesh Bhide, the prime accused...

Mumbai all set to vote on May 20

Mumbai: Mumbai City Collector and District Election Officer Sanjay Yadav appealed to all voters of Maharashtra capital district...

IDF, ISA eliminate 10 terrorists in strike on Hamas war room

Based on IDF and ISA intelligence, the IAF carried out a precise strike on a central Hamas war...