Comments
Odisha registered a growth of 41 per cent in GST collection to ₹3,316.55 crore in August against the same period a year ago, an official said on Saturday.
The state recorded a GST collection of ₹2,348.28 crore in August last year.
“This is the second-highest growth rate of GST among all major States in the country,” said SK Lohani, Director CT and GST.
The State collected ₹16,977.92 crore GST in the current fiscal till August, against a collection of ₹9,888.99 crore in the same period last year, he said, adding that 71.69 per cent growth was recorded.
Most businesses were shut during this period last year as the government imposed absolute lockdown amid the coronavirus outbreak. However, restrictions were more relaxed this year even as the second wave hit the State.
VAT collection
The State collected ₹885.21 crore VAT from the sale of fuel and liquor in August, against ₹606.16 crore during the same month last fiscal. The growth rate in VAT collection was 46.03 per cent.
The increase in collection was also due to the rise in prices of iron and steel, and collection from matured GST demand made by tax officers after return scrutiny, the official said.
“All circles have been instructed to ensure at least 90 per cent return filing within the due date. In the current financial year, 16,608 notices have been issued to non-filers while 2,369 assessments initiated for non-filing of returns,” he added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.