Tuesday, Oct 04, 2022
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GST Collections Surges 28% To Rs 1.49 Lakh Crore In July

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

Source: Shutterstock
Source: Shutterstock

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 are taken to curb tax evasion, the government said on Monday.

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.

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