India's GST collections for July up 11% to Rs 1.65 lakh crore

India's GST collections for July up 11% to Rs 1.65 lakh crore

Daily Current Affairs   /   India's GST collections for July up 11% to Rs 1.65 lakh crore

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Category : National Published on: August 04 2023

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  • India collected Rs 1.65 lakh crore Goods and Services Tax (GST) for the month of July 2023, registering growth of 11% from a year earlier
  • The GST collections crossed the Rs. 1.60 lakh crore mark for the fifth time
  • According to the Ministry of Finance the revenues from domestic transactions (including import of services) are 15% higher than the revenues from these sources during the same month last year.
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