News

Odisha Records Highest-Ever GST Collection in April 2024

Bhubaneswar: Odisha has achieved a significant milestone in tax collection, recording the highest-ever Gross GST (CGST+ IGST+ OGST + Cess) collection of Rs. 5902.25 Cr during April 2024. This marks a substantial increase from the corresponding collection of Rs. 5035.74 Cr recorded in April 2023, registering an impressive growth rate of 17.21%, surpassing the national average growth rate of 13%.

In addition to the Gross GST collection, Odisha has also witnessed the highest-ever State GST (OGST + IGST Settlement) collection, amounting to Rs. 2996.05 Cr in April 2024. This figure represents a remarkable growth rate of 32.94% compared to the collection of Rs. 2253.71 Cr in April 2023.

Of particular note is the collection of OGST during April, reaching Rs. 2081.83 Cr, which stands as the highest-ever OGST collection in the state’s history.

The comprehensive tax collection under all Acts monitored by the Commissionerate of CT & GST, Odisha, including OGST/ IGST Settlement, VAT, and Profession Tax, has surged to Rs. 3330.48 Cr during April 2024. This marks a substantial increase from the collection of Rs. 2544.45 Cr recorded in April 2023, reflecting a robust growth rate of 30.89%.

The buoyancy in the state’s economy is further evidenced by the significant increase in the generation of waybills. During April 2024, a total of 23.15 Lakh waybills were generated, compared to 20.90 Lakh waybills generated in April 2023, representing a growth of 10.76%. Out of the 23.15 Lakh e-waybills generated in April 2024, 12.38 Lakh were intra-state waybills, while 8.51 Lakh were inter-state waybills.

Bureau The News Hashtag

Recent Posts

Mathili ITI to Get Rs 4.8-Crore Centre of Excellence in Electric Vehicle Technology

Bhubaneswar/Mathili: Students and trainees in Malkangiri are set to get access to specialised training in…

4 hours ago

Adani Group Explores 6,000-MW Power Projects, Clean Energy Investments in Odisha

Bhubaneswar: Odisha’s efforts to expand its clean energy capacity received a boost with the Adani…

5 hours ago

Odisha Plans Rs 16,000-Crore Power Infrastructure Push to Meet Rising Demand

Bhubaneswar: With industrial activity expected to expand significantly over the next five years, Odisha is…

5 hours ago

Odisha Expands Disaster Management Infrastructure with New ‘Suraksha’ Hostel at SIDR

Bhubaneswar: Odisha is expanding its institutional capacity for disaster preparedness and response with the addition…

5 hours ago

Odisha Reviews Digital India Telecom Projects, Pushes Faster Internet Expansion in Rural Areas

Bhubaneswar: The Odisha government has directed telecom operators to accelerate network expansion and strengthen mobile…

5 hours ago

Odisha Honours 24 Organ Donors with Suraj Samman, Highest-Ever in a Year

Bhubaneswar: Odisha has recorded its highest-ever annual recognition of organ donors, with 24 donors from…

5 hours ago