India’s July GST Collections Surge 15.4% to Over ₹2.1 Lakh Crore
India’s Goods and Services Tax (GST) collections reached a significant milestone in July, rising 15.4% year-on-year to total ₹2,11,205 crore. This growth was primarily driven by a substantial 29% increase in integrated GST collected on imports, alongside steady domestic transaction growth. Detailed figures show Central GST rose by 12.3% while State GST grew by 8.7%. After accounting for refunds, net collections saw a 15.8% increase. Analysts attribute the robust performance to sustained economic resilience, increased commodity prices, and heightened industrial activity, marking the second-highest monthly collection since the tax regime's inception.
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