India's GST collections continued their strong momentum in July, with gross revenues rising 15.4% year-on-year to ₹2.11 lakh crore, driven by robust domestic collections and a sharp jump in tax receipts from imports. The latest data also points to broad-based revenue growth across most states, reflecting resilient consumption and improved tax compliance.
Gross GST revenue from domestic transactions increased 10.1% to ₹1.45 lakh crore in July from ₹1.31 lakh crore a year ago. GST collections from imports recorded a much faster growth of 28.8%, rising to ₹66,511 crore, helping push overall gross collec... [3260 chars]
Source: Business Today
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