May 3rd 2024.
The Finance department of Odisha has announced some record-breaking numbers in terms of GST collection for the month of April. The state has collected a remarkable amount of Rs 5,902.25 crore in Gross GST, surpassing last year's collection of Rs 5,035.74 crore by a significant growth rate of 17.21%. This growth rate is also higher than the national average of 13%, making Odisha stand out among other states. In addition, the state has also achieved its highest ever collection of State GST at Rs 2,996.05 crore, with a staggering growth rate of 32.94% compared to last year.
The Finance department also pointed out that the collection of OGST (Odisha GST) in April has been the highest ever at Rs 2,081.83 crore. This further adds to the state's impressive performance in terms of GST collection. The Commissionerate of CT & GST, Odisha has been closely monitoring the collection under all Acts, including OGST, IGST, VAT, and Profession Tax. In April 2024, the total collection has reached Rs 3,330.48 crore, a significant jump from last year's Rs 2,544.45 crore, with a growth rate of 30.89%.
The state economy has shown great growth and potential as seen by the increase in the number of waybills generated. In April 2024, 23.15 lakh waybills were generated, a 10.76% rise from last year's 20.90 lakh waybills. This shows the buoyancy and strength of the state's economy. Out of the total waybills generated, 12.38 lakh were for intra-state transport, while 8.51 lakh were for interstate transport.
In conclusion, Odisha has achieved remarkable progress in terms of GST collection, surpassing its own records and outperforming the national average growth rate. This is a testament to the state's thriving economy and efficient tax collection system. The Finance department is optimistic about the future and hopes to maintain this positive trend in the coming months.
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