Economy · India

July GST collections rise 15.4% to over ₹2.11 lakh crore

India's Goods and Services Tax (GST) collections for July reached ₹2.11 lakh crore, marking a 15.4% increase compared to the previous year. Collections from domestic transactions grew by 10.1% to over ₹1.44 lakh crore, while revenues from imports saw a significant rise of 29% to ₹66,511 crore. This overall growth contributed to a full government treasury, with some reports noting the substantial contribution from imports.

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