Odisha posts all-time extreme GST assortment in April 2023

Express News Service

BHUBANESWAR: Odisha posted an all-time extreme gross GST assortment of Rs 5,035.74 crore in April. The assortment remaining month was spherical three per cent bigger than the an identical month remaining yr, which had clocked the sooner highest tax tally of Rs 4,910.23 crore.

GST revenues from residence transactions, along with import of suppliers, carried out all through March grew at a sharper tempo year-on-year in April, accelerating the collections.

The improvement was further throughout the earlier two months – 15 per cent in March and 10 per cent in February, presumably on account of a rise in residence demand.

Official sources talked about the gathering of GST revenue to be retained by the state which included the state GST and IGST settlement in April is recorded at Rs 2,359.17 crore. This is 40.43 per cent bigger than the corresponding assortment of Rs 1,680 crore recorded in April 2022.

The entire assortment of VAT from petrol and liquor was Rs 264.42 crore remaining month as in direction of Rs 232.92 crore collected in April remaining yr. The improvement charge stood at 13.52 per cent.

ALSO READ | GST mop-up at all-time extreme of Rs 1.87 lakh crore in April 2023

The assortment beneath all acts by the Commissionerate of CT and GST (VAT, GST, profession tax, arrears of subsumed taxes) witnessed a doc improvement of 36.7 per cent. The tax revenue assortment was Rs 2,661.92 crore in direction of Rs 1,947.21 crore throughout the corresponding month remaining yr.

Tax officers attributed the growth normally revenue collections to year-end compliances by taxpayers for 2022-23 along with rising monetary train and the push for GST audits. Per capita GST assortment throughout the state was spherical Rs 8,133 in 2022-23.

GST commissioner Sanjay Kumar Singh talked about the growth throughout the assortment was on account of buoyancy primarily throughout the service sector and partly throughout the shopping for and promoting sector. “As many as 20.23 lakhs of waybills have been generated in April 2023 vis-à-vis 17.57 lakh in the month last year, recording a growth of 15.12 per cent,” he talked about.

However, going by the gathering traits, Odisha had the underside improvement of three per cent among the many many huge states throughout the nation as there was an uptick of 28 per cent in Madhya Pradesh, 23 per cent in Karnataka, 21 per cent in Maharashtra and 19 per cent in Tamil Nadu and Jharkhand.

The improvement in tax revenue assortment was 14 per cent in neighbouring West Bengal, 18 per cent in Chhattisgarh, 13 per cent in Telangana, 11 per cent in Bihar and 6 per cent in Andhra Pradesh in April.

BHUBANESWAR: Odisha posted an all-time extreme gross GST assortment of Rs 5,035.74 crore in April. The assortment remaining month was spherical three per cent bigger than the an identical month remaining yr, which had clocked the sooner highest tax tally of Rs 4,910.23 crore.

GST revenues from residence transactions, along with import of suppliers, carried out all through March grew at a sharper tempo year-on-year in April, accelerating the collections.

The improvement was further throughout the earlier two months – 15 per cent in March and 10 per cent in February, presumably on account of a rise in residence demand.googletag.cmd.push(carry out() googletag.present(‘div-gpt-ad-8052921-2’); );

Official sources talked about the gathering of GST revenue to be retained by the state which included the state GST and IGST settlement in April is recorded at Rs 2,359.17 crore. This is 40.43 per cent bigger than the corresponding assortment of Rs 1,680 crore recorded in April 2022.

The entire assortment of VAT from petrol and liquor was Rs 264.42 crore remaining month as in direction of Rs 232.92 crore collected in April remaining yr. The improvement charge stood at 13.52 per cent.

ALSO READ | GST mop-up at all-time extreme of Rs 1.87 lakh crore in April 2023

The assortment beneath all acts by the Commissionerate of CT and GST (VAT, GST, profession tax, arrears of subsumed taxes) witnessed a doc improvement of 36.7 per cent. The tax revenue assortment was Rs 2,661.92 crore in direction of Rs 1,947.21 crore throughout the corresponding month remaining yr.

Tax officers attributed the growth normally revenue collections to year-end compliances by taxpayers for 2022-23 along with rising monetary train and the push for GST audits. Per capita GST assortment throughout the state was spherical Rs 8,133 in 2022-23.

GST commissioner Sanjay Kumar Singh talked about the growth throughout the assortment was on account of buoyancy primarily throughout the service sector and partly throughout the shopping for and promoting sector. “As many as 20.23 lakhs of waybills have been generated in April 2023 vis-à-vis 17.57 lakh in the month last year, recording a growth of 15.12 per cent,” he talked about.

However, going by the gathering traits, Odisha had the underside improvement of three per cent among the many many huge states throughout the nation as there was an uptick of 28 per cent in Madhya Pradesh, 23 per cent in Karnataka, 21 per cent in Maharashtra and 19 per cent in Tamil Nadu and Jharkhand.

The improvement in tax revenue assortment was 14 per cent in neighbouring West Bengal, 18 per cent in Chhattisgarh, 13 per cent in Telangana, 11 per cent in Bihar and 6 per cent in Andhra Pradesh in April.