In July 2021, the gross Goods and Services Tax (GST) revenue collected in India amounted to Rs. 1,16,393 crore. This figure represents a significant 33% increase compared to the same month in the previous year, indicating a strong economic recovery. The collections were boosted by higher revenues from both imports and domestic transactions, signalling a positive trend following the easing of COVID-19 restrictions.
The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crore of which CGST is Rs. 22,197 crore, SGST is Rs. 28,541 crore, IGST is Rs. 57,864 crore (including Rs. 27,900 crore collected on import of goods) and Cess is Rs. 7,790 crore (including Rs. 815 crore collected on import of
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FAQ :
The total gross GST revenue collected in July 2021 was Rs. 1,16,393 crore.
The GST revenues for July 2021 were 33% higher than in July 2020.
The collection comprised Rs. 22,197 crore CGST, Rs. 28,541 crore SGST, Rs. 57,864 crore IGST, and Rs. 7,790 crore Cess.
Revenues from the import of goods were 36% higher, and revenues from domestic transactions (including import of services) were 32% higher compared to the same month last year.
GST collections dropped below Rs. 1 lakh crore in June 2021 primarily because those collections related to May 2021, a period when many states were under lockdown due to the COVID-19 second wave.
States like Arunachal Pradesh (69%), Ladakh (95%), and Dadra and Nagar Haveli (74%) showed very high growth, alongside Jharkhand and Odisha which saw 54% growth.