Current Affairs Exam

Odisha: 64% growth in gross GST collection in November

Odisharecorded grossGST collectionof Rs 4,136 crore in November, a 64% Growth from Rs 2,528 crore collected in the same period last year.

The collection is also the highest among major states as well as the highest ever gross collection of GST by the state ever since launching of the new tax regime, said an official statement.

Figures released by the state GST commissioner’s office said progressive collection till November of 2021-22 fiscal is pegged at Rs 28,032 crore compared to Rs 17,229 crore collected in the corresponding period of the previous fiscal. The collection was Rs 19,366 till November of 2019-20 fiscal.

TheSGST(State GST) collection in November is estimated at Rs 1,157 crore, a growth of nearly 70% over the Rs 681 crore collected in the same period last year.

According to the figures, the SGST collection till November of the current fiscal is pegged at Rs 7,977 crore compared to Rs 5,013 crore collected in the same period of the previous fiscal.
In the 2019-20 fiscal, the SGST collection till November was Rs 5,661 crore.

Besides SGST, collection from the state during November was Rs 1,001 crore under CGST (Central GST), Rs 1,223 crore under IGST (Integrated GST) and Rs 735 crore under cess.

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