GST collections climb 14% in June, near Rs.2L-cr mark
New Delhi, July 2 -- India's gross Goods and Services Tax (GST) collections rose 14% year-on-year to Rs.1.95 lakh crore in June, driven by steady domestic consumption and strong import-led revenues, according to finance ministry data released on Wednesday.
Gross GST collections stood at Rs.1,94,812 crore in June, up from Rs.1,71,105 crore in the same month last year.
Collections from domestic transactions rose 6.5% to Rs.1,34,774 crore from Rs.1,26,506 crore a year earlier, while revenues from imports jumped 34.6% to Rs.60,038 crore from Rs.44,600 crore.
Net GST collections, after refunds, increased 11.2% year-on-year to Rs.1,62,377 crore despite a sharp rise in refunds. Total refunds rose 29.1% to Rs.32,436 crore from Rs.25,121 crore in Ju...
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