India
oi-Madhuri Adnal
New Delhi, Aug 01: GST revenue for the month of July stood at over Rs 1.16 lakh crore, 33 per cent higher than the collection in the same month of 2020, indicating that the economy is recovering at a fast pace, the finance ministry said on Sunday.
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.
The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which Central GST is Rs 22,197 crore, State GST Rs 28,541 crore, Integrated GST Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and cess is Rs 7,790 crore (including Rs 815 crore collected on import of goods).
The revenues for the month of July 2021 are 33 per cent higher than GST collected in the same month last year and include GST returns filed between July 1-31 as well as IGST and cess collected…