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GST collection slips to Rs 87,422 crore in July


New Delhi: Ministry of Finance announced on Saturday (August 1) that the gross GST revenue collected in July, 2020 stood at Rs 87,422 crore from Rs 90,917 crore in June.

However, July collections are higher than Rs 62,009 crore in May and Rs 32,294 crore in April.

It is worth mentioning that the revenues for the month of July are 86 per cent of the GST revenues in the same month last year.

During the month, the revenues from import of goods were 84 per cent and the revenues from the domestic transactions (including import of ...


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