Odisha GST Collections Surge 10.81% in October - Rs 4,176.94 Crore
By Rediff Money Desk, BHUBANESWAR Nov 01, 2023 19:20
Odisha's GST revenue rose by 10.81% to Rs 4,176.94 crore in October, driven by strong economic activity and festive demand. Read more.
Bhubaneswar, Nov 1 (PTI) Odisha's GST collections increased by 10.81 per cent to Rs 4,176.94 crore in October, officials said on Wednesday.
The state had collected a gross GST revenue of Rs 3,769.44 crore in the same month last year, they said.
The OGST collection during the month was Rs 1,306.47 crore, as against Rs 1,058.38 crore during October 2022, a growth of 23.43 per cent, they said.
At the national level, GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.
"GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs 1.72 lakh crore; records increase of 13 per cent Y-o-Y," the Finance Ministry said in a statement.
The state had collected a gross GST revenue of Rs 3,769.44 crore in the same month last year, they said.
The OGST collection during the month was Rs 1,306.47 crore, as against Rs 1,058.38 crore during October 2022, a growth of 23.43 per cent, they said.
At the national level, GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.
"GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs 1.72 lakh crore; records increase of 13 per cent Y-o-Y," the Finance Ministry said in a statement.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
GoMechanic Turns Profitable, Targets 1,000...
GoMechanic, acquired by Servizzy, achieves operational profit in Q1 FY24 and reports Rs...
ADIF & PHDCCI Partner to Boost Indian Startup...
ADIF and PHDCCI join forces to empower Indian startups through workshops, training, and...
SpiceJet CFO Resigns: Joyakesh Podder Appointed...
SpiceJet's CFO Ashish Kumar resigns less than two years after appointment. Joyakesh...