GST collections rises 28% to Rs 1.49 lakh crore in July

NEW DELHI: GST collections rose 28 per cent to Rs 1.49 lakh crore on an annual foundation in July on the again of financial restoration and measures taken to curb tax evasion, the federal government stated on Monday.
In July, 2021, Items and Providers Tax (GST) collections stood at Rs 1,16,393 crore.
The collections in July this 12 months is the second highest because the introduction of GST in July 2017, the ministry stated in a press release.
The collections hit a report excessive of Rs 1.68 lakh crore in April, 2022.
Throughout July, revenues from import of products have been 48 per cent increased and the revenues from home transactions (together with import of providers) have been 22 per cent increased than the revenues from these sources throughout the identical month final 12 months.