Question
Goods and services tax (GST) revenue rose 11 per cent
year-on-year in July 2023.What has been the GST collection in numbers in the month of July?Solution
Goods and services tax (GST) revenue rose 11 per cent year-on-year in July to Rs 1.65 trillion.Of total collection, central GST accounts for 29,773 crore, state GST Rs 37,623 crore, and integrated GST Rs 85,930 crore, including Rs 41,239 crore collected on import of goods. The cess collection for the month under review stood at Rs 11,779 crore, including the Rs 840 crore mop-up on import of goods.
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