Team Blitz India
NEW DELHI: The Goods and Services Tax (GST) collections for the month of July 2023 saw a 11% year-on-year jump crossing the ₹1.6-lakh crore mark for the fifth time since it was implemented in July 2017, on stricter compliance and robust business activities.
Out of the ₹1,65,105 crore collected in July this year, CGST accounted for ₹29,773 crore, SGST at ₹37,623 crore, IGST at ₹85,930 crore (including ₹41,239 crore collected on import of goods) and cess at ₹11,779 crore (including ₹840 crore collected on import of goods), according to official data.
The Government has settled ₹39,785 crore to CGST and ₹33,188 crore to SGST from IGST. The total revenue of the Centre and states for the month of July 2023, after regular settlements, is ₹69,558 crore from CGST and ₹70,811 crore from SGST.
