GST collection grows 5.8% in July to ₹ 1.02 trillion - News Summed Up

GST collection grows 5.8% in July to ₹ 1.02 trillion


1,02,083 crore from Goods and Services Tax (GST) in July, 5.8% more than what they mopped up in the same month a year ago, an official statement said here. This is the third time the combined central and state GST receipts crosses ₹1 trillion mark so far this fiscal. The statement said the union government collected ₹17,912 crore, while states collected ₹25,008 crore. Receipts from integrated GST (IGST) on inter-state sales stood at ₹50,612 crore and from GST cess at ₹8,551 crore. Central and states collected and average RS 93,114 crore a month last fiscal against a ₹1 trillion combined monthly target.


Source: Mint August 01, 2019 15:56 UTC



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