GST collections in July rise 11% to Rs 1.65 lakh crore

The Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore, official data showed Tuesday. The GST revenues generated in July 2023 were 11 per cent higher than it was registered in the same month last year.Of the total GST collection in July, CGST was Rs 29,773 crore, SGST was Rs 37,623 crore, IGST was Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess Rs 11,779 crore (including Rs 840 crore collected on import of goods), Ministry of Finance said in a release.

₹1,65,105 crore gross #GST revenue collected for July 2023; records 11% Year-on-Year growth

Gross #GST collection crosses ₹1.6 lakh crore mark for 5th time since inception of #GST

Revenues from domestic transactions (including import of services) are 15% higher Year-on-Year… pic.twitter.com/T7rxc15JPC

— Ministry of Finance (@FinMinIndia) August 1, 2023

in April, the gross GST collection was at an all-time high of Rs 187,035 crore. In the entire financial year 2022-23, the total gross GST collection stood at Rs 18.10 lakh crore and the average gross monthly collection for the full year is Rs 1.51 lakh crore. The gross revenues in 2022-23 were 22 per cent higher on a yearly basi