Goods and Services Tax (GST) collections for July 2024 have shown a significant increase. The total gross GST revenue collected in July 2024 amounted to ₹1,82,075 crore, representing a 10.3% growth compared to the same month last year. Net revenue after refunds also saw a substantial rise of 14.4%, reaching ₹1,65,793 crore.
GST Gross and Net Collections (Amount in crores) - July 2024
Monthly
YTD
Particulars
July 2023
July 2024
% Growth
July 2023
July 2024
% Growth
A
B
C
D = C/B-1
E
F
G = F/E-1
A.1. Domestic
CGST
29,773
32,386
1,27,637
1,41,268
SGST
37,623
40,289
1,59,155
1,74,808
IGST
44,691
49,437
1,7
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1999
(Excl. of GST ₹359)
BEST VALUE
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3499
(Excl. of GST ₹629)
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FAQ :
The total gross GST revenue collected in July 2024 was ₹1,82,075 crore.
The gross GST revenue in July 2024 saw a growth of 10.3% compared to July 2023.
The total net GST revenue collected in July 2024, after accounting for refunds, was ₹1,65,793 crore.
Net GST revenue increased by 14.4% in July 2024 compared to July 2023.
Manipur (61%), Ladakh (67%), and Andaman and Nicobar Islands (27%) showed significant growth in domestic GST revenue in July 2024.