Bhubaneswar: Odisha has recorded OGST collection of Rs. 954.62 crore during March this year, which is the highest collection in a month since implementation of GST on July 1, 2017.
The previous highest OGST collection was Rs. 927.60 crore recorded during April 2019, said a statement on Thursday.
The growth rate of OGST during March’ 21 is 21.55% with collection of Rs. 954.62 crore against Rs. 785.35 crore during March ’2020, it said.
As regards gross GST collection (CGST, IGST, SGST & Cess), Odisha recorded a growth rate of 25% during March ’21 with collection of Rs. 3285.29 crore against Rs. 2641.95 crore during the corresponding period last year.
This is the highest growth rate in gross GST collection amongst the major states in the country during the month, the statement said.
The gross GST growth rate of Odisha has been consistently the highest amongst major States in the country for the fourth consecutive month with 20%, 25% & 20% growth in the month of Dec ‘20, Jan’ 21 & Feb’ 21 respectively in comparison to the corresponding period of previous year.
As regards annual growth rate of gross GST, the state collected Rs. 29852 crore in 2020-21 against Rs. 29687 crore in the previous year with a positive growth rate of 0.56%.
This is despite the massive set back due to covid and a negative progressive growth of -24% during the first five month of the current financial year.
The record collection of OGST during this month is despite below par performance in some of the sectors due to adverse impact of COVID. Moreover, during the 1st quarter of 2020-21, there was decline of Rs. 761.19 crore in OGST alone due to COVID-19 which was -32.79% over 1st quarter of 2019-20.
Due to the sincere and untiring efforts of tax officials as well as co-operation received from the tax payers, the overall loss of OGST during FY 20-21 has been bought down to Rs. 429.85 crore with gross annual collection of Rs. 8292.15 crore against collection of Rs. 8722.00 crore during 2019-20.
Total VAT Collection (Petrol and Liquor) of Rs. 1518.61 crore during March ‘21 is also the highest during the current FY and has well exceeded the collection of Rs. 1116.28 crore during March ’2020 registering a positive growth rate of 36.04 %.
The overall collection during 2020-21 has also turned positive with growth rate of 3.46 % despite poor collection during 1st quarter of 2020-21 with collection of Rs. 7715.84 crore during 2020-21 vis-à-vis Rs. 7457.59 Cr during 2019-20.
Out of this, collection from Petroleum Products registered a growth of 41.85% with collection of Rs. 1225.93 crore in March ‘21 against Rs. 864.26 crore in March ’20.
VAT from liquor also registered a positive growth of 16.13% with collection of Rs. 292.62 crore in March ’21 against Rs. 252.01 crore in March ’20.