Bhubaneswar, January 2: The GST collection of Odisha has touched new heights with a collection of Rs 4,080.14 crore during December ’21 as against Rs 2860.20 crore collected during December ‘20 registering a growth of 43%.
The growth of collection during December ‘21 is also the highest amongst major states for the 4th consecutive month. This is also the second highest ever gross collection of GST by the state since the launch of GST.
The progressive GST collection till December ‘21 is Rs 32113 crore against Rs 20089 crore till December ‘20 with growth of 60%. The corresponding collection till December ‘19 was Rs 21,750 crore.
The collection of OGST during the month of Dec ’21 is Rs 1,118.65 crore against a collection of Rs 765.26 crore during Dec ‘20 recording a robust growth of 46.18%. The collection of Rs 1118.65 crore during Dec ’21 is also the 3rd highest ever gross collection of OGST by the State since the inception of GST.
There is also a collection of Rs 973.79 crore in CGST, Rs 1,267.63 in IGST & 720.07 crore in Cess during December ’21 recording a growth of 65.21%, 31.26% & 33.40% over December’20 respectively.
The Gross GST Collection during the 3rd quarter of 21-22 (Oct-Dec) is Rs 11809.26 crore recording a growth of 51.08% against the corresponding 2nd quarter collection of 20-21.
Growth in GST is mostly driven by mining and manufacturing sectors. Sectoral analysis of Top 100 dealer’s GST payments in cash reveals that Rs 8,595 crore of gross revenue (CGST+SGST+IGST+CESS) was collected from the mining sector during the current FY vis-à-vis Rs 4,714 crore collected from the same dealers during corresponding period of last FY with a growth of 83%. The successful auction of iron ore mines last year by the State Government is contributing significantly to the increase in tax revenue this year.
Manufacturing Sector has also recorded a growth of 142% with a collection of Rs 8157.93 crore during the current FY vis-à-vis collection of Rs 3,374.61 crore in last FY from top 100 dealers. This is largely due to increase in prices of steel and other metal related products in the 1st two quarters of 21-22.
Similarly, the Service Sector, Trading Sector and Works Contract Sector have also recorded a growth of 72%, 89% and 46% in the current FY over the corresponding period of last year.
The total collection of VAT (Petrol & Liquor) is Rs 759.72 crore during Dec‘21 as against Rs 691.47 crore during Dec ’20 with growth rate of 9.87 %. Out of the above, collection from Petroleum Products is Rs 589.04 crore during Dec ‘21 as against Rs 558.85 crore during Dec ‘20 with growth rate of 5.40%.
Similarly, collection from Liquor is Rs 170.67 crore during Dec ‘21 as against Rs 132.61 crore during December 20 with growth rate of 28.70%.
Growth during the current FY is also a result of better non filer management and regular return scrutiny by Circles combined with enforcement activities which have resulted in better compliance by taxpayers.
A special two month drive for “survey and registration” of all potential GST & Profession Tax Payers throughout the State was completed during which nearly 19,000 persons were contacted by State Tax Officers out of which 3727 eligible taxpayers were bought under the GST fold and 3305 eligible persons were bought under the Profession Tax fold. During the current FY, 35724 nos. of new taxpayers have been bought under the GST fold.
Further, during the current FY, 11482 assessments have been initiated against defaulters for non-filing of returns.
The total e-waybill generated during December ’21 was 16.21 Lakh against 14.08 Lakh during December ’20 witnessing a growth of 15%.
Commissioner of CT & GST Sushil Kumar Lohani has instructed the field officers to ensure at least 90% return filing, return scrutiny of all suspected/ big taxpayers as well as prompt demand and recovery in case of notice of any irregularities.
He also advised the officers to adhere to the principles of 5T and attend to the genuine grievances of the taxpayers without fail.
