GST collections for July rises 11% to Rs 1.65 lakh crore

NEW DELHI: The gross Goods and Services Tax (GST) revenue collected in July 2023 was Rs 1,65,105 crore, slightly higher than the collections in July, according to data released by the finance ministry on Tuesday.

It is for the fifth straight time the gross GST collection crossed the Rs 1.60 lakh crore mark. In April 2023, the GST collections had touched an all-time high of Rs 1.87 lakh crore.
Of the Rs 1.65 lakh crore July mop up, the central GST was Rs 29,773 crore and state was is Rs 37,623 crore and Integrated GST was Rs 85,930 crore (including Rs 41,239 crore collected on import of goods). The cess was Rs 11,779 crore (including Rs 840 crore collected on import of goods), a release by the ministry said.

The total revenue of Centre and the States in the month of July 2023 after regular settlement was Rs 69,558 crore for CGST and Rs 70,811 crore for the SGST.
Notably, the GST revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year.
During the month, the revenues from domestic transactions (including import of services) were 15% higher than the revenues from these sources during the same month last year.