City
Epaper

Odisha records OGST collection of Rs 827.43 crore in May

By ANI | Updated: June 4, 2021 05:30 IST

Odisha has collected Rs 827.43 crore Odisha Good and Services Tax (OGST) during the month of May 2021, the Commissionerate of Commercial Tax and GST said on Thursday.

Open in App

Odisha has collected Rs 827.43 crore Odisha Good and Services Tax (OGST) during the month of May 2021, the Commissionerate of Commercial Tax and GST said on Thursday.

According to a statement issued by the Commissionerate of Commercial Tax and GST in Cuttack, The OGST collection of May 21 Rs 827.43 crore is against the collection of Rs 589.30 crore during May 2019 and Rs 440.67 crore during May 2020 (affected by COVID) recording a growth of 40.40 per cent (against the collection of Rs 589.30 crores recorded during May 2019).

"The growth of the collection of OGST is despite the extension of return filing date by the GST Council and poor filing of returns/ payment of tax by dealers having turnover of less than Rs 5 crores," the statement said.

The statement attributed the growth of 40.40 per cent in OGST collection during May 2021 to better compliance by dealers having turnover of more than Rs 5 crore during the previous year, increased collection from the iron and steel sector as well as collection from matured GST demand made by tax officers after return scrutiny.

There is also a collection of Rs 690.32 crore in CGST, Rs 1094.70 crore in IGST, and Rs 584.30 crore in cess.

The total GST collection during May 21 is Rs 3196.75 crore as against 2140.37 crores collected during May 2019 and Rs 1724.26 crore collected during May 2020. This represents a growth of 49.34 per cent against the collection of May 2019, the statement said.

The state has collected Value Added Tax (VAT) (petrol and liquor) of Rs 792.71 crore during May this year against Rs 588.81 crore during May 2019 and Rs 188.52 crore during May last year with the growth rate of 34.69 per cent (against the collection of May 2019). Collection from liquor and petroleum products is Rs 665.83 crore and Rs 126.88 crore respectively.

"CT & GST Organization has been focusing on increasing the tax-base of GST with regular survey and registration. 5479 numbers of new registrants have been brought under the GST fold during April and May 2021-22," it said.

The total e-waybill generated during May this year was Rs 11.69 lakh against Rs 11.41 lakh during May 2019 and Rs 8.55 lakh in May last year.

( With inputs from ANI )

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Gst councilGST
Open in App

Related Stories

BusinessUPI Transactions Above Rs 2,000 Remain GST-Free Due to Zero MDR Charges

MumbaiMaharashtra GST Scam: State Duped of Rs 4.69 Crore Using Bogus Documents; Tax Officer Under Scrutiny

National18% GST Applicable on Monthly Flat Maintenance If Charges Exceed ₹7,500

BusinessHow To Register Your Business Under GST?

NationalFake GST Summons: CBIC cautions Taxpayers against fraudsters issuing fraudulent Summons for GST violations

National Realted Stories

NationalWhy Was It Named Operation Sindoor? India Strikes 9 Terror Sites in Pakistan to Avenge Pahalgam Massacre

NationalRubio says US monitoring India-Pak situation 'closely'

NationalJammu and Kashmir: Three Civilians Killed in Pakistan Army Firing Across LoC

NationalAir India Cancels All Flights Amid Ongoing 'Operation Sindoor' Until 12 Noon on May 7

NationalPM Narendra Modi Monitoring ‘Operation Sindoor’ Overnight; All 9 Targets Hit Successfully: Sources