Odisha records 49% growth rate in October-2021 GST collection

Odisha

Bhubaneswar, November 2: The GST collection of Odisha continues to grow with a collection of Rs 3593.34 crore during October as against Rs 2428.27 crore collected during the same period last year registering a growth of 49 per cent. The growth rate achieved by Odisha is also the highest amongst major states for the second consecutive month, said an official release.

The collection of Rs 3,593 crore in October is also the third highest ever gross collection of GST by the State since launch of GST.

According to a statement of Commissionerate of CT & GST, Cuttack, the progressive GST collection till October is Rs 23,897.20 crore against Rs 14,701.25 crore till October 2020 with growth of 62.55 per cent. The corresponding collection till October 2019 was Rs 17,019.92 crore

“The collection of OGST during the month of October ’21 is Rs 1053.48 crore against a collection of Rs 660.09 crore during October‘20 recording a robust growth of 59.60%. The collection of Rs 1053 crore during October’21 is also the third highest ever gross collection of OGST by the State,” it said.

The progressive collection of OGST upto October’21 is Rs 6,819.91 crore against a collection of Rs 4,331.54 crore upto October 2020 recording a progressive growth of 57.45%. The corresponding figure till October 2019 was Rs 4,960.22 crore.

There is also a collection of Rs 907.29 crore in CGST, Rs 1,005.50 crore in IGST & 627.07 crore in Cess during October 2021 recording a growth of 70.31%, 37.43% & 24.47 % over October 2020, respectively.

The total collection of VAT (Petrol & Liquor) is Rs 728.32 crore during October 2021 as against Rs 696.43 crore during October 2020 with growth rate of 4.58%.

“Out of the above, collection from Petroleum Products is Rs. 566.61 crore during October ‘21 as against Rs 515.96 crore during October’20 with growth rate of 9.82%,” it added.

“The total e-waybill generated during October ’21 was 15.15 Lakh against 13.28 Lakh during October’20 witnessing a growth of 14.08%,” it added.

Leave a Reply

Your email address will not be published. Required fields are marked *