A total of Rs 1,48,995 crore in the month of July. Goods and Services Tax (GST) is collected. This is the second highest tax collection in a single month after the introduction of the GST tax system in the country, which is 10% higher than last year. 28 per cent increase, Finance Ministry said in a press release on Monday.
1.44 lakh crore in June. GST was collected. GST collection in June compared to last year There was an increase of 56 percent. Import revenue of goods increased by 48% in the month of July.The tax revenue collected from domestic transactions (including import of services) increased by 1.5% compared to the same month last year. It has increased by 22 percent,” said the ministry.
25,751 crore in July. 32,807 crores if CGST collection. SGST and Rs 79,518 crore. IGST (including Rs. 41,420 crore collected on import of goods) is collected. Meanwhile, Rs 10,920 crore. (including Rs. 995 crore collected on import of goods) cess collected.
Monthly GST revenue has been above Rs 1.4 lakh crore for five consecutive months. Compared to last year July 2022, the growth of GST revenue is per cent. It is 35.
Economic recovery and better tax collection are having a positive impact on GST revenue. 7.45 crore e-way bills have been generated in June 2022. These are slightly more than the 7.36 crore e-way bills in May 2022,” the ministry detailed.
The nationwide Goods and Services Tax (GST) was implemented on July 1, 2017, bringing together 17 local taxes such as excise duty, service tax, VAT and 13 types of cesses.
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