Odisha

Odisha Records Significant Growth in GST Collection for July 2024

Bhubaneswar: Odisha has reported a robust growth in its State GST (OGST + IGST Settlement) collection for July 2024, achieving a total of Rs. 2035.18 crore. This marks a 24.98% increase compared to the Rs. 1628.43 crore collected in July 2023. The cumulative State GST collection up to July 2024 stands at Rs. 8866.95 crore, a 25.67% rise from the Rs. 7055.53 crore collected during the same period last year.

Additionally, Odisha’s Gross GST collection, encompassing CGST, IGST, OGST, and Cess, reached Rs. 4925.02 crore in July 2024. This represents a 16.01% increase from the Rs. 4245.40 crore recorded in July 2023. The cumulative Gross GST collection up to July 2024 has grown to Rs. 20841.33 crore, reflecting a 15.41% growth compared to the Rs. 18058.84 crore collected up to July 2023.

The collection under all Acts monitored by the Commissionerate of CT & GST, Odisha, including OGST, IGST Settlement, VAT, and Profession Tax, amounted to Rs. 3209.66 crore in July 2024. This is an 18.15% increase from the Rs. 2716.52 crore collected in July 2023. The progressive growth rate under all Acts up to July 2024 stands at 19.60%.

In July 2024, 21.02 lakh e-waybills were generated, showing a 4.44% growth compared to the 20.13 lakh e-waybills generated in July 2023. Out of these, 12.10 lakh were intra-state waybills, and 8.92 lakh were inter-state waybills, highlighting the buoyancy in the state’s economy.

Bureau The News Hashtag

Recent Posts

Odisha Revenue Department Showcases Two Years of Reforms, Unveils Achievement Report

Bhubaneswar: Showcasing key reforms and administrative milestones achieved over the past two years, the Odisha…

14 hours ago

Odisha Cabinet Clears Proposal to Restore Original English Spellings of 64 Places

Bhubaneswar: Seeking to align official place names with Odisha’s linguistic traditions and historical identity, the…

2 days ago

Odisha CM Announces Free Education from KG to PG

Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Friday announced that the state government will…

2 days ago

CM Majhi Unveils New Road Corridor, Launches Flyover and Public Infrastructure Projects in Bhubaneswar

Bhubaneswar: In a push to strengthen urban mobility and support Bhubaneswar’s expanding infrastructure needs, Chief…

2 days ago

Odisha Launches ‘Shishu Shram Nirakaran Rath’ to Raise Awareness and Eliminate Child Labour

Bhubaneswar: With a renewed focus on child rights and protection, the Odisha government on Thursday…

2 days ago

Odisha Eases Registration Process for Apartments in Pre-RERA Projects

Bhubaneswar: In a major policy intervention aimed at resolving long-pending property registration issues, the Odisha…

2 days ago