BusinessTimes of India

July GST collections up 15.4% to Rs 2.1 L cr on higher imports

in5points
  1. GST collections rose 15.4% to Rs 2,11,205 crore in July, the second highest since the new structure was implemented last September.

  2. A 29% jump in integrated GST (IGST) on imports drove the collections, attributed to higher crude and commodity prices amid the West Asia conflict.

  3. Central GST mop-up increased 12.3% to just under Rs 40,000 crore, while state GST grew 8.7% to nearly Rs 48,000 crore.

  4. Net collections after refunds (up 13% to nearly Rs 30,000 crore) rose 15.8% to Rs 1,81,237 crore.

  5. Haryana logged the highest growth of 28%, followed by Gujarat, Puducherry, Karnataka, Goa, and Maharashtra, while Chhattisgarh saw a 23% fall.

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Times of India

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Sahu Jain family

Times Group

Bennett, Coleman & Co. (Sahu Jain family)

India's largest newspaper group by circulation.

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