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GST collections stand at ₹87,422 cr in July

Aug 02, 2020 10:58 IST

GST collections in July stood at ₹87,422 crore as against ₹90,917 crore in June, according to a Finance Ministry statement. However, July collections are higher than ₹62,009 crore in May and ₹32,294 crore in April. The revenues for the month are 86% of the GST revenues in the same month last year. It should be noted that the taxpayers with turnover less than ₹5 crore continue to enjoy relaxation in filing of returns till September 2020.

Economy