GST collection for July at over Rs 1.16 lakh crore

NEW DELHI: The gross GST revenue collected in the month of July 2021 was Rs 1,16,393 crore.

Out of the total revenue collected CGST was Rs 22,197 crore, SGST was Rs 28,541 crore, IGST was Rs 57,864 crore — including Rs 27,900 crore collected on import of goods — and Cess was Rs 7,790 crore — including Rs 815 crore collected on import of goods.

The GST collection for the returns filed during July 1-5 of Rs 4,937 crore had also been included in the GST collection for the month of June 2021 since taxpayers were given various reliefs in the form of waiver or reduction in interest on delayed return filing amid the pandemic, said an official statement.

The government has settled Rs 28,087 crore to CGST and Rs 24,100 crore to SGST from IGST as regular settlement. The total revenue of Centre and the states after regular settlement in the month of July 2021 was Rs 50,284 crore for CGST and Rs 52,641 crore for the SGST.

The revenues for the month of July 2021 are 33 per cent higher than the GST revenues in the same month last year. During the month, revenues from import of goods were 36 per cent higher and the revenues from domestic transaction (including import of services) are 32 per cent higher than the revenues from these sources during the same month last year.

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