#Regional

Odisha Achieves Strong Growth with 17.21% Increase in Gross GST Collection

In a testament to its economic resilience and fiscal management, Odisha has recorded a remarkable 17.21% growth in gross GST collection for the month of April this year compared to the same period last year, as announced by an official spokesperson on Wednesday.

The state reported a substantial gross GST collection of Rs 5,902.25 crore in April 2024, a significant surge from the Rs 5,035.74 crore collected in April 2023.

Highlighting the state’s economic vigor, Odisha also witnessed an impressive 32.94% growth in the collection of state GST during April, showcasing robust financial performance across various sectors.

This surge in GST revenue underscores Odisha’s proactive fiscal policies and effective tax administration, which have contributed to its sustained economic growth despite prevailing market challenges.

The buoyancy in GST collection reflects positively on Odisha’s economic landscape, indicating a resurgence in economic activities and business confidence within the state.

The significant rise in GST revenue is expected to bolster Odisha’s efforts towards accelerating development initiatives and fostering a conducive environment for investment and growth.

As Odisha continues to chart its path towards economic prosperity, the surge in GST collection serves as a testament to the state’s resilience and commitment to sustainable development.

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