GST collections fall to Rs 87,422 crore in July from Rs 90,917 crore in June

However, July collections are higher than Rs 62,009 crore in May and Rs 32,294 crore in April.

Press Trust of India August 02, 2020 09:04:48 IST
GST collections fall to Rs 87,422 crore in July from Rs 90,917 crore in June

New Delhi: GST collections in July fell to Rs 87,422 crore from Rs 90,917 crore in June, according to a Finance Ministry statement.

However, July collections are higher than Rs 62,009 crore in May and Rs 32,294 crore in April. "The gross GST revenue collected in the month of July 2020 is Rs 87,422 crore of which CGST is Rs 16,147crore, SGST is Rs 21,418 crore, IGST is Rs 42,592 crore (including Rs 20,324 crore collected on import of goods) and Cess is Rs 7,265 crore," a finance ministry statement said.

The revenues for the month are 86 percent of the GST revenues in the same month last year.

The ministry further said although the June collections were higher than that in July, however, it is important to note that during the previous month, a large number of taxpayers also paid taxes pertaining to February, March, and April 2020 on account of the relief provided due to COVID-19.

It may also be noted that the taxpayers with turnover less than Rs 5 crore continue to enjoy relaxation in the filing of returns till September 2020.

Updated Date:

Find latest and upcoming tech gadgets online on Tech2 Gadgets. Get technology news, gadgets reviews & ratings. Popular gadgets including laptop, tablet and mobile specifications, features, prices, comparison.

also read

Coronavirus Updates: Delhi reports 11 deaths today, lowest in over a month; 1,076 test positive in past 24 hrs
India

Coronavirus Updates: Delhi reports 11 deaths today, lowest in over a month; 1,076 test positive in past 24 hrs

Coronavirus Updates: The positivity rate in Delhi stood at 6.4 percent while the recovery rate was nearly 90 percent on Wednesday, a state health department bulletin said

Palermo Ladies Open: Tour-level tennis resumes after five-month hiatus with no handshakes or showers
Sports

Palermo Ladies Open: Tour-level tennis resumes after five-month hiatus with no handshakes or showers

A limited number of fans were allowed into the 1,500-seat stadium court and had to follow social distancing measures.

US Open 2020 singles champions to get $850K less prize money due to financial effects of coronavirus
Sports

US Open 2020 singles champions to get $850K less prize money due to financial effects of coronavirus

First-round singles prize money at the US Open is going up 5 percent, from $58,000 to $61,000, the only level where there is a jump.