Odisha’s Impressive Growth in GST Collections and Economic Activity in September 2023

Odisha’s Impressive Growth in GST Collections and Economic Activity in September 2023

In September 2023, Odisha is set to retain a monthly collection of Rs 1,651.58 crore through OGST and IGST Settlement, marking a substantial increase of 42.74% compared to the Rs 1,157.08 crore collected in September 2022. Up until September 2023, the state has accumulated Rs 10,440.74 crore in OGST and IGST settlement, displaying a progressive growth rate of 23.27%.

Specifically, the OGST collection for September 2023 reached Rs 1,197.37 crore, surpassing the Rs 926.96 crore collected in September 2022 by a growth rate of 29.17%.

Regarding the Gross GST collection, which encompasses OGST, IGST, CGST, and Cess, Odisha collected Rs 4,249.12 crore in September 2023. This represents a growth rate of 12.85% compared to the Rs 3,765.17 crore collected in September 2022.

The overall collection under various Acts monitored by the Commissionerate of CT & GST, Odisha, including GST, VAT, Entry Tax, and Profession Tax, amounted to Rs 2,638.17 crore in September 2023. This marks a growth rate of 27.43% in comparison to the Rs 2,070.26 crore collected in September 2022.

Furthermore, during September 2023, there was a significant increase in the generation of waybills, with 20.66 lakh generated compared to 17.66 lakh in September 2022, reflecting a robust and