Bhubaneswar, August 13 (LocalWire) Odisha witnessed a significant 20 per cent jump in GST collections in the first four months of the current financial year among a club of the states who collect at least Rs 1,000 crore from the national wide tax.
Data indicates that Odisha saw collection rate spiked by 20 per cent to Rs 9,264 crore for April-July 2019 from Rs 7,666 collected in the same period last year.
Jharkhand followed Odisha with 19.9 per cent rise. Bihar stood third at 17.8 per cent growth in collections while Madhya Pradesh tax collection was up by 14.6 per cent in the comparable period.
Though tax collection per cent age in north-eastern states were higher such as Nagaland at 39% rise, their tax collections did not cross more than Rs 800 crore in the same period.
Odisha posted a record 36% rise in state GST collections during April-July and 11% jump when combined with integrated GST, according data available with commercial tax department.
Government revenue experts believe the rise is visible this year as integrated GST or tax levied on interstate transactions is transferred to state accounts promptly, unless last year when the amount was transferred to originating states after a day of a month.
During April-July period, Odisha collected Rs 6,727 crore as total tax revenue, up by 7.56 per cent from the same period last year.