Odisha records all-time high GST collection in February
BHUBANESWAR: Odisha recorded the highest ever collection of GST in February since roll out.
The gross GST collection of Rs 5135.81 crore last month is an all-time high and around Rs 100 crore more than the next highest collection of Rs 5,035.74 crore in April, 2023. With this, revenue from GST is expected to exceed the budget estimate for the first time and will substantially surpass Rs 35,800 crore estimated for 2023-24.
The revenue collected in February marked a robust 13.64 per cent increase as compared to that in the same month in 2023. The state had collected Rs 4,519.35 crore in February last year. The growth was driven by a rise in GST from domestic transactions.
Official sources said the progressive gross GST collection during 2023-24 (till February) is Rs 49,638.64 crore and it posted a growth rate of 11.07 per cent over the corresponding period of 2022-23. Apart from mining revenue, the significant rise in collection of GST was attributed to growth in manufacturing, services and trading sectors.
