Odisha records 49% growth in GST collection for FY 2021-22

Gross TPS collection from Odisha in the fiscal year 2021-22 was recorded at Rs 44,334.67 crore against Rs 29,852.76 core for the fiscal year 2020-21 with a growth of 49%. The corresponding collection for 2019-2020 was Rs 29,686.32 crore, informed the Central Commission of Revenue (CT) and GST, Odisha.

A statement issued by the CT and GST Commissariat read: “Gross GST collection from the state during March 22 was recorded at Rs 4124.66 crore compared to Rs 3285.29 base in March 21, registering a growth of 26%, which is the highest growth rate among all the major states in the country.”

He added, “The collection of OGST during March 22 was Rs 1351.25 crore against Rs 954.62 crore during March 21 with a growth rate of 42%. The collection of Rs 1351, 25 crore in the month of March 22 is also the highest ever OGST levied by the state in a month since the inception of the GST.”

According to the release, Odisha’s Goods and Services Tax (OGST) collection for the financial year 2021-22 is Rs 12,743.01 crore against Rs 8,292.15 crore collected till March 21 with a 54% growth rate. The corresponding collection till March 20 was Rs 8722 crore.

There is collection of Rs 1109.85 crore in CGST, Rs 1003.47 crore in Integrated Goods and Services Tax (IGST) and Rs 660.09 crore in cess as of March 22, he said.

“GST growth is primarily driven by the mining and manufacturing sectors. Among the top 100 taxpayers, while the mining sector grew by 81%, the manufacturing sector saw 84% growth this year. Similarly, the service sector, trade and works contracts sector grew by 56.78%, 52.07% and 36.99% in the current financial year compared to the period. corresponding to last year,” the statement said.

According to the statement of the CT and GST Commissioner, the total VAT collection (petrol and alcohol) is Rs 1687.72 crore as of Mar 22 against Rs 1559.51 crore as of Mar 21 with a growth rate of 8, 22%. Out of the above, collection of petroleum products is Rs 1257.04 crore while collection of alcohol is Rs 430.67 crore in March ’22.

He said VAT collection for the full year 2021-22 is Rs 9,954.91 crore, of which Rs 2,093.70 crore from alcohol against Rs 7,756.74 crore collected in the previous year, representing a growth of 28.34%.

Business tax also saw decent growth with collection of Rs 248.55 crore representing a growth rate of 8.48%, according to the release.

According to the statement, the growth of GST in the current fiscal year is the result of faster economic growth coupled with better performance of field officials in dealing with non-filers, null filers and filers. erroneous, in addition to effective action on the collection of the request raised by the arbitration. .

The statement reads, “During the current fiscal year, 47,654 New Taxpayer Numbers were procured under GST. Lakh on March 21, a growth of 14.62 percent.”

“Enforcement activities are undertaken by the State GST Commissariat to deter errant businessmen and to detect cases of false invoices. During the current fiscal year, 6 accused persons were arrested and involved in the use and transmission of a total fake ITC amounting to Rs 462.49 crores,” the statement added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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