State GST collection up 11%

BHUBANESWAR: The state has recorded an 11.17 per cent growth in GST collection in May this year by collecting a total revenue of Rs 4,397.73 crore compared to Rs 3,955.75 crore collected during the corresponding period last year.
An official statement issued by the finance department stated that the progressive gross GST collection up to May last year stands at Rs 9,433.47 crore against a collection of Rs 8,865.98 crore up to May last year.
This has clocked a growth of 6.4 per cent. Further, the collection to be retained by the state consisting of OGST and IGST settlement has recorded a growth of 30.28 per cent during May 2023 with collection of Rs 1,675.77 crore as against collection of Rs 1,286.29 crore during May 2022, the statement maintained.
The progressive collection to be retained by the state till May this year in the meantime stood at Rs 4,034.94 crore against a collection of Rs 2,966.29 crore in May last year, which has again recorded a growth of 36.03 per cent. During May this year, 20.4 lakh of waybills have been generated compared to 17.26 lakh waybills generated during the corresponding period last year. This has further recorded a growth of 18.19 per cent reflecting the buoyancy in the economic sector, an official statement said.