New Delhi: The Gross GST collections for July have soared by 10.3% to over Rs 1.82 lakh crore, as per official data released on Thursday. After factoring in refunds, the net GST collection stood at over Rs 1.66 lakh crore, marking a growth of 14.4%. Domestic GST revenues saw an 8.9% increase to Rs 1.34 lakh crore, while GST revenue from imports surged by 14.2% to Rs 48,039 crore.
In addition, GST revenues had peaked at Rs 2.10 lakh crore in April 2024.
Published on 01 August 2024, 13:57 IST
Summary:
Discover the latest figures on India’s GST collections for July, revealing a 10.3% rise to over Rs 1.82 lakh crore. The data also highlights a 14.4% growth in net collection after refunds, with domestic GST revenues increasing by 8.9%. Additionally, the report notes a 14.2% surge in GST revenue from imports. Stay updated with the finance trends to make informed decisions.\
Source link