INSUBCONTINENT EXCLUSIVE:
GST collections for July 2021 were Rs 1.16 lakh croreGoods and Services Tax (GST) collections for July 2021 were Rs 1.16 lakh crore, 33 per
cent more than the corresponding period of last year.According to figures released by Finance Ministry on Sunday, gross GST revenue
collected in July 2021 are Rs 1,16,393 crore, out of which Central GST is Rs 22,197 crore, State GST is Rs 28,541 crore and Integrated GST
this year."GST collection, after posting above Rs 1 lakh crore mark for eight months in a row, dropped below Rs 1 lakh crore in June 2021 as
the collections during the month of June 2021 predominantly related to the month of May 2021," the finance ministry said in a
statement.During May 2021, when the country had been severely hit by the second wave of the Coronavirus pandemic, many states were under
which clearly indicates that the economy is recovering at a fast pace
The robust GST revenues are likely to continue in the coming months too," the ministry said.
