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Saturday, August 1, 2026

July GST collections up 15.4% to Rs 2.1 L cr on higher imports

Goods and Services Tax collections rose 15.4 percent to Rs 2,11,205 crore in July. This increase was largely due to a 29 percent jump in integrated GST on imports. Strong economic activity and higher commodity prices also contributed to the robust tax collections. Central GST mop-up increased 12.3 percent while state GST grew 8.7 percent. Net collections after refunds went up 15.8 percent, reflecting continued economic resilience.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/1BodKD4

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July GST collections up 15.4% to Rs 2.1 L cr on higher imports

Goods and Services Tax collections rose 15.4 percent to Rs 2,11,205 crore in July. This increase was largely due to a 29 percent jump in int...