The state has recorded a growth of 29.59 per cent in OGST (Odisha GST) collection till August of the current financial year in comparison to the same period of last fiscal (2021-22).
For five months in a row, the monthly GST revenues have been more than Rs 1.4 lakh crore
This is the fourth time the monthly GST collection crossed Rs 1.40 lakh crore mark since inception of GST and the third month at a stretch since March 2022.
The gross GST collection has crossed the Rs 1.5 lakh crore-mark for the first time in April 2022 and Rs 1 lakh crore-mark for the 10th month in a row.
The gross GST collection of Odisha in the month of March 2022 was Rs 4,124.66 crore as against Rs 3,285.29 crore collected during March 2021, thereby registering a growth of 26 per cent.
The revenues for March 2022 are 15 per cent higher than the GST revenues in the same month last year.
The revenues for February 2022 are 18 per cent higher than the GST revenues in the same month last year and 26 per cent higher than the GST revenues in February 2020.
The total collection of VAT (petrol and liquor) stood at Rs 853.43 crore in January 2022 as against Rs 835.23 crore in the corresponding month of the previous year, with a growth rate of 2.18 per cent.
The collection of Odisha Goods and Services Tax (OGST) in December 2021 is estimated at Rs. 1,118.65 crore, a growth of 46.18 per cent, over Rs. 765.26 crore during December 2020.
The gross GST revenue collected in the month of October 2021 stood at Rs 1,30,127 crore, which is a growth of 24 per cent over the GST revenues in the same month last year and 36 per cent over 2019-20.
The AAR ruling came on an application by the Telangana State Technology Services Ltd (TSTSL), a public sector undertaking and a service agency to the Telangana government and its departments relating to IT and related services.
India has four primary GST rates of 5 per cent, 12 per cent, 18 per cent, and 28 per cent.
Odisha has recorded 41.32 per cent growth in GST collection in August 2021 compared to the corresponding period of 2020, GST officials said on Friday.
The government has settled Rs 28,087 crore to CGST and Rs 24,100 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlement in the month of July 2021 was Rs 50,284 crore for CGST and Rs 52,641 crore for the SGST.
New Delhi: After breaching the Rs 1-lakh crore-mark in October, revenue collection under the Goods and Services Tax (GST) slided to Rs 97,637 crore in November. The revenue collected in November relates to transactions made in October. The total GST revenue collected in October (for September) was Rs 1,00,710 crore. The Finance Ministry said a […]