GST revenue collection stands at Rs 1,02,083 crore in July

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Business News

Aug 02, 2019

2:26PM

GST revenue collection stands at Rs 1,02,083 crore in July

DD News

The total gross revenue collected under Goods and Services Tax, GST in the month of July, 2019 was 1,02,083 crore rupees.

It consisted of Central GST component of 17,912 crore rupees and State GST 25,008 crore rupees along with the Integrated GST revenue which was 50,612 crore rupees and Cess collection was 8,551 crore rupees.

The revenue collection in July 2018 was 96,483 crore rupees and the revenue during the month of review registered a growth of 5.8 per cent over the revenue in the same month last year.

During the period from April to July 2019, the domestic component has grown by 9.2 per cent while the GST on imports has come down by 0.2 per cent and the total collection has grown by 6.83 per cent.

An amount of 17,789 crore rupees has been released to the states as GST compensation for the months of April and May last.