Odisha records Gross GST collection of Rs.5109.33 crores in March 2024

Bhubaneswar, Apr 2 (FN Agency) Odisha has recorded the second highest ever collection of Gross GST with a collection of Rs. 5109.33 crore during March 2024. This was against the corresponding collection of Rs. 4749.02 crore recorded during March 2023, registering a growth rate of 7.59 percent. The highest ever collection of Gross GST was recorded during the last month of February 24 with a collection of Rs. 5135.81 Crore. The progressive Gross GST collection during FY 2023-24 (till March 24) is Rs. 54747.97 Crore with a growth of 10.73 percent over the corresponding period of FY 2022-23. The state has also recorded the third highest ever collection of State GST with a collection of Rs. 2305.90 Crore during March 2024 against the corresponding collection of 1919.43 Crore recorded during March 2023 registering a phenomenal growth rate of 20.13 percent.

The highest and second highest ever collection of State GST were also recorded during the current FY with a collection of Rs. 2700.85 crore during November 23 and Rs. 2528.41 Crore during December 23 respectively. Out of this, the collection of OGST during March of Rs. 1659.31 Crore is also the third highest ever OGST collection. The highest and second highest ever collection of OGST was recorded on April 22 of Rs. 1714.78 Crore and Rs. 1659.57 Crore on April 23. The progressive collection of State GST up to March 2024 is Rs. 24051.45 Crore against a collection of Rs. 18600.52 Crore up to March 2023 registering a growth rate of 29.31 percent.

The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha including OGST/ IGST Settlement / VAT and Profession Tax during March 24 is Rs. 4458.83 Crore against a collection of Rs. 3899.40 Crore during March 23 with a growth rate of 14.35percent. The progressive collection under all Acts up to March 24 is Rs. 37160.81 Crore with a growth rate of 19.80 percent over the corresponding collection up to March 23Official sources said 24.40 Lakh of waybills were generated during March 24, vis-à-vis 21.91 Lakh of waybills generated during March 2023 recording a growth of 11.36 percent reflecting the buoyancy in the State economy. In March out of the 24.40 Lakh e-waybills generated 14.45 Lakh were intra-state waybills while 9.96 Lakh were inter-state waybills.