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GST Collections Touches Rs 1.16 Lakh Cr In July, 33% More Than 2020: Ministry of Finance

The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which CGST is Rs 22,197 crore, SGST is Rs 28,541 crore

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Amid the economic crisis in the ongoing COVID-19 pandemic, the gross Goods and Service Tax (GST) revenue collected in July 2021 is Rs 1,16,393 crore, said the Ministry on Sunday.

The Finance Ministry in an official statement said, "The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which CGST is Rs 22,197 crore, SGST is Rs 28,541 crore, IGST is Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and cess is Rs 7,790 crore (including Rs 815 crore collected on import of goods)."

The figure mentioned above comprises GST collection collected from GSTR-3B returns filed between 1st July to 31st July 2021 as well as IGST and Cess received from imports for the same period,

"The revenues for 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 transactions (including import of services) were 32 per cent higher than the revenues from these sources during the same month last year," added the ministry.

Meanwhile, the GST collection dropped below Rs 1 lakh crore in June 2021 on which ministry said, "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 predominantly related to May 2021 when most of the States/UTs were under either complete or partial lockdown due to COVID. With the easing out of COVID restrictions, GST collection for July 2021 has again crossed Rs.1 lakh crore, which indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too."  

Talking about the state-wise figures, Jharkhand and Odisha saw a growth of 54 percent as compared to July 2020. Jammu and Kashmir, Delhi witnessed a growth of 45 percent while Maharashtra saw a growth of 51 percent.
Also, Daman and Diu saw the least growth in GST collection of - 99 percent as compared to July 2020. 


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GST Collection finance ministry