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

Odisha Plans Tech-Driven Disaster Management, Urban Flood Projects in 10 Cities

Bhubaneswar: With extreme weather events posing growing challenges to Odisha, the state government has decided…

16 minutes ago

OPHWC Pays Record ₹21.28-Crore Dividend to Odisha Govt

Bhubaneswar: The Odisha State Police Housing & Welfare Corporation Limited (OPHWC) has recorded its highest-ever…

21 minutes ago

Odisha Strengthens GARIMA Initiative to Make Sanitation Work Safer and More Dignified

Bhubaneswar: Odisha is stepping up efforts to make sanitation work safer and more dignified by…

27 minutes ago

Odisha Appoints 10 IAS Officers as Electoral Roll Observers for Voter List Revision

Bhubaneswar: The Odisha Chief Electoral Officer (CEO) has appointed ten senior IAS officers as Electoral…

35 minutes ago

Odisha Signs MoUs with Four Agri Corporations to Accelerate Farm Development

Bhubaneswar: The Odisha Government on Friday unveiled an ambitious roadmap for the agriculture sector by…

40 minutes ago

Odisha Signs ₹67,000-Crore MoC with Japan’s IHI, ACME to Boost Clean Energy Sector

Bhubaneswar: Odisha's push to emerge as a global clean energy and manufacturing hub received a…

56 minutes ago