GST collections rises 28 per cent to Rs 1.49 lakh crore in July

Image Source : PTI/ REPRESENTATIONAL (FILE). GST collection in the month of July rises by around 28%.

Highlights

  • GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in July month
  • In July, 2021, Goods and Services Tax (GST) collections stood at Rs 1,16,393 crore
  • The collections in July this year is the second highest since the introduction of GST in July 2017

Business news:  GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual basis in July on the back of economic recovery and measures taken to curb tax evasion, the government said on Monday (August 1).

In July, 2021, Goods and Services Tax (GST) collections stood at Rs 1,16,393 crore.

The collections in July this year is the second highest since the introduction of GST in July 2017, the ministry said in a statement.

The collections hit a record high of Rs 1.68 lakh crore in April, 2022.

During July, revenues from import of goods were 48 per cent higher and the revenues from domestic transactions (including import of services) were 22 per cent higher than the revenues from these sources during the same month last year. 

(With PTI inputs) 

ALSO READ: ‘Satisfy hunger with tadka of jumlas’: Rahul slams Centre over GST on essential items

ALSO READ: Govt exempts GST on 11 food items when sold loose. See list

Latest Business News

Stay connected with us on social media platform for instant update click here to join our  Twitter, & Facebook

We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.

For all the latest Business News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TechAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More