Business

GST Collection Rises To Rs 96,483 Crore In July

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GST revenue collection till July 31 was significantly higher than the FY18 average monthly collectionNew Delhi: Revenue collection under the Goods and Services Tax (GST) stood at Rs 96,483 crore in July, the government said on Wednesday.

That marked a second consecutive month in which the GST revenue collection crossed the Rs 95,000 crore mark.The government said the revenue was broadly on expected lines and that Rs 3,899 crore was released to the states as GST compensation for the months of April and May.The GST revenue collected till July 31 was for the month of June and it was significantly higher than the average monthly collection of Rs 89,885 crore during 2017-18.It was also higher than Rs 95,610 crore collected in June (for the month of May).




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