Categories: Economy

GST Collections Touched ₹ 1.16 Lakh Crore In July 2021

Goods and Services Tax (GST) collections for July 2021 were ₹ 1.16 lakh crore, 33 per cent more than the corresponding period of last year. GST collections in July 2020 had stood at ₹ 87,422 crore, while sequentially they had stood at ₹ 92,849 crores in June this year.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

According to figures released by Finance Ministry, gross GST revenue collected in July 2021 are ₹ 1,16,393 crore, out of which Central GST is ₹ 22,197 crores, State GST is ₹ 28,541 crore and Integrated GST is ₹ 57,864 crore (including ₹ 27,900 crores collected on import of goods) and cess of Rs 7,790 crore (including ₹ 815 crores collected on import of goods).

Find More News on Economy Here

Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

Recent Posts

Which Country is known as the Plastic Producing Country? Check the Reason

Did you know that one country in the world is often called the “Plastic Producing…

40 mins ago

‘Boong’ Puts India on the Map with First-Ever BAFTA Children’s Film Award

In a proud moment for Indian cinema Boong has created history at the BAFTA Awards…

1 hour ago

Central Excise Day 2026: Why 24 February Still Matters in India’s Tax System

India will observe Central Excise Day 2026 on 24 February 2026 to mark the historic…

2 hours ago

Which Lake is known as the Jewel of Udaipur?

Did you know that one beautiful lake in Udaipur is lovingly called the “Jewel” of…

17 hours ago

Which is the Largest Banana Producing State in India?

Did you know that bananas are one of the most loved and widely eaten fruits…

18 hours ago

Shashi Tharoor Conferred Honorary D.Litt by St Xavier’s University, Kolkata

Lok Sabha MP Shashi Tharoor was conferred an honorary Doctor of Letters (D.Litt) degree by…

18 hours ago