Goods and Services Tax (GST) collection of Odisha has touched a collection of Rs 4080.14 crore during December 2021 as towards Rs 2860.20 crore collected during December 2020 registering a growth of 43 per cent.
As per the Commissionerate of Commercial Tax and Goods and Services Tax, Odisha, “The growth of collection during December 2021 can be the best amongst main states for the 4th consecutive month. This can be the second-highest ever gross collection of GST by the state since launch of GST.”
The progressive GST collection until December 2021 is Rs 32,113 crore towards Rs 20,089 crore until December 2020 with growth of 60 per cent. The corresponding collection until December 2019 was Rs 21,750 crore.
The collection of OGST during the month of December 2021 is Rs 1,118.65 crore towards a collection of Rs 765.26 crore during December 2020 recording a strong growth of 46.18 per cent. The collection of Rs. 1118.65 crore during December 2021 can be the third highest ever gross collection of OGST by the state for the reason that inception of GST.
There can be a collection of Rs 973.79 crore in CGST, Rs 1,267.63 in IGST and 720.07 crore in Cess during December 2021 recording a growth of 65.21 per cent, 31.26 per cent and 33.40 per cent over December 2020 respectively.
Gross GST Collection during the third quarter of 2021-22 (October-December) is Rs 11,809.26 crore recording a growth of 51.08 per cent towards the corresponding second quarter collection of 2020-21.
Growth in GST is usually pushed by mining and manufacturing sectors. Sectoral evaluation of Top 100 supplier’s GST funds in money reveals that Rs 8595 crore of gross income (CGST+SGST+IGST+CESS) was collected from the mining sector during the present FY vis-a-vis Rs 4,714 crore collected from the identical sellers during the corresponding interval of final FY with a growth of 83 per cent. The profitable public sale of iron ore mines final yr by the State Government is contributing considerably in a rise in tax income this yr.
Manufacturing Sector has additionally recorded a growth of 142 per cent with a collection of Rs 8157.93 crore during the present FY vis-a-vis collection of Rs 3374.61 crore in final FY from prime 100 sellers. This is basically because of a rise in costs of metal and different steel associated merchandise in the primary two quarters of 2021-22.
Similarly, Service Sector, Trading Sector and Works Contract Sector have additionally recorded a growth of 72 per cent, 89 per cent and 46 per cent in the present monetary yr over the corresponding interval of final yr.
The complete collection of worth added tax (VAT) (Petrol and Liquor) is Rs 759.72 crore during December 2021 as towards Rs 691.47 crore during December 2020 with a growth rate of 9.87 per cent. Out of the above, collection from petroleum merchandise is of Rs 589.04 crore during December 2021 as towards Rs 558.85 crore during December 2020 with a growth rate of 5.40 per cent.
Similarly, collection from liquor is of Rs 170.67 crore during December 2021 as towards Rs 132.61 crore during December 2020 with a growth rate of 28.70 per cent.
Growth during the present FY can be a results of higher non filer administration and common return scrutiny by Circles mixed with enforcement actions which have resulted in higher compliance by taxpayers.
A particular two-month drive for “survey and registration” of all potential GST and Profession Tax Payers all through the State was accomplished during which practically 19,000 individuals had been contacted by State Tax Officers out of which 3,727 eligible taxpayers had been purchased underneath the GST fold and three,305 eligible individuals had been purchased underneath the Profession Tax fold. During the present FY, 35,724 numbers of recent taxpayers have been purchased underneath the GST fold.
Further, during the present Financial Year, 11,482 numbers of evaluation have been initiated towards defaulters for non-filing of returns, The complete e-waybill generated during December 2021 was 16.21 lakh towards 14.08 lakh during December 2020 witnessing a growth of 15 per cent.
Commissioner of Commercial Tax and Goods and Services Tax, Sushil Kumar Lohani, has instructed the sphere officers to make sure at the very least 90 per cent return submitting, return scrutiny of all suspected/ massive taxpayers in addition to immediate demand and restoration in case of discover of any irregularities.
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