GST collections rose 15.4% to more than ₹2.11 lakh crore in July on imports and domestic sales
July Gross GST collections rose 15.4% to over ₹2.11 lakh crore, supported by growth in domestic transactions and imports.
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What happened: July Gross GST collections crossed ₹2.11 lakh crore
Gross GST collections in July increased 15.4% to over ₹2.11 lakh crore. July collections were reported at ₹1.95 lakh crore, compared with ₹1.83 lakh crore in the same month last year.
Break-up of the rise: domestic transactions versus imports
July growth was attributed to stronger collections from domestic transactions (GST on domestic sales) and imports (GST on imported goods).
Reported components for July Gross GST collections were:
Domestic transactions: grew by 10.1% to more than ₹1.44 lakh crore.Imports: gross revenues from imports grew by 29% to ₹66,511 crore.
