NEW DELHI: GST collections rose 15.4% to Rs 2,11,205 crore in July, the second highest since the new structure was implemented last Sept, on the back of a 29% jump in integrated GST (IGST) on imports. This was also the highest pace of growth since rate rationalisation.The rise in IGST on imports in July (for transactions in the previous month) may be attributed to higher prices of crude and other commodities in the wake of the West Asia conflict.The impact of strong economic activity in June, when factory output grew at its fastest pace in nearly two years, was also visible on the tax numbers, seen as an advance indicator of economic activity. Some of the price hikes in FMCG and automobile sectors would have also buoyed collections. Central GST mop-up was pegged 12.3% higher at just under Rs 40,000 crore, while state GST grew 8.7% to nearly Rs 48,000 crore.”The high GST collections tie in very well with the 7.3% increase in industrial production during June. It reflects continued economic resilience despite the challenges in the external environment…The steady growth in GST collections each month indicates that overall domestic consumption is becoming largely insulated from seasonal variations and external headwinds,” said MS Mani, partner at Deloitte India.Some experts, however, are worried about the continued rise in imports. “…one cannot ignore the elevated levels of import GST collections, which remain a nagging concern. This points to a persistent gap in domestic manufacturing capability despite the range of successful PLI and Atmanirbhar Bharat interventions rolled out over the past few years. Join conversationView All Comments →Share your thoughts in the commentsInsightfulAgreeDisagreeSkepticalConcerningPromisingWorth ReadingBig DevelopmentPost CommentBe respectful · TOI community guidelinesIt is likely that the sustained push by policymakers towards localisation of around 100 products (being talked about) over a period of time will help bridge this gap,” said Saurabh Agarwal, partner at EY India, a consulting firm.Net of refunds, which were 13% higher at almost Rs 30,000 crore, collections went up 15.8% to Rs 1,81,237 crore.Haryana logged the highest growth of 28%, followed by Gujarat and Puducherry (26%), Karnataka and Goa (23%), and Maharashtra (20%). Chhattisgarh (23% fall), Jharkhand and Manipur (20% decline) were among the laggards.Get the latest India News and Live updates. Download the TOI app.End of ArticleFollow Us On Social MediaVideosRam Temple Skit Row: Rahul Gandhi, Pappu Yadav, Awadhesh Prasad BookedPaper Leak Law Passed, But Can Tougher Punishment Alone Stop India’s Endless Exam Leak Crisis?’Pakistan-Based Handles, Suvendu On Target’: Bengal STF Uncovers Shocking ‘Jaish Module”PM Has The Audacity Of Forgiving’: Rahul Gandhi Slams Modi’s Video On Jantar Mantar ‘Abuses”Terrorists Asked Caste, Then Shot’: Family’s Shocking Claim In Kulgam AttackPM Modi Inaugurates ₹5,000 Crore Bhogapuram Airport, Launches ₹17,900 Crore Andhra Projects’Nitin Gadkari Is Scared’: Tehseen Poonawalla Claims House Arrest Before E20 Hunger Strike30+ Dead, 2 Dozen Stuck In Russia As Centre Continues Efforts To Bring Them Home SafelyThousands March With Constitution, Jharkhand Witnesses Massive Student Agitation Over JPSC Exam Leak’I Was Influenced’: Jantar Mantar Protest Accused Apologises As PM Modi Offers Forgiveness123PhotostoriesFrom working non-stop for three days, sleeping in a vanity van during Kasturi to opening up about her late ex-husband’s alcohol addiction: Shubhangi Atre on life and careerWalking after 40? The way you walk may matter more than how long you walk, say fitness expertsThat mouth ulcer has been there for over three weeks? Doctor says waiting any longer could mean missing an important warning signNot planning a trip to Goa in monsoon? 7 things you are missing out on as a travellerInternational Friendship Day: 10 gift ideas for your best friends10 baby names inspired by Roman mythologyVaping may be creating the next wave of lung cancer: Oncologists explain why new-age smoking habits are more dangerous than many people thinkWhat is the best month to start a garden? Here’s what experts sayInside Surbhi Chandna’s warm bohemian-themed home: Elegant décor, cozy corners, and moreHow to select the right knife and understand its usage123Hot PicksHurricane IrmaRuchika SinghRRB Group D Admit CardNEET selective edit windowCommonwealth Games LiveUS work permit feeE20 petrol debateAssam floodsKanwar Yatra 2026Top TrendingSaurav DasBengal JeM Terrorist ArrestedJaisalmer Military Station AccidentCM VijayDehradun Teacher SuicideAnkit Sharma Murder CaseAam Aadmi PartyShraddha Walkar Murder CaseMumbai Building CollapseStock Market Up
NEW DELHI: GST collections rose 15.4% to Rs 2,11,205 crore in July, the second highest since the new structure was implemented last Sept, on the back of a 29% jump in integrated GST (IGST) on imports. This was also the highest pace of growth since rate rationalisation.The rise in IGST on imports in July (for transactions in the previous month) may be attributed to higher prices of crude and other commodities in the wake of the West Asia conflict.The impact of strong economic activity in June, when factory output grew at its fastest pace in nearly two years, was also visible on the tax numbers, seen as an advance indicator of economic activity. Some of the price hikes in FMCG and automobile sectors would have also buoyed collections. Central GST mop-up was pegged 12.3% higher at just under Rs 40,000 crore, while state GST grew 8.7% to nearly Rs 48,000 crore.“The high GST collections tie in very well with the 7.3% increase in industrial production during June. It reflects continued economic resilience despite the challenges in the external environment…The steady growth in GST collections each month indicates that overall domestic consumption is becoming largely insulated from seasonal variations and external headwinds,” said MS Mani, partner at Deloitte India.Some experts, however, are worried about the continued rise in imports. “…one cannot ignore the elevated levels of import GST collections, which remain a nagging concern. This points to a persistent gap in domestic manufacturing capability despite the range of successful PLI and Atmanirbhar Bharat interventions rolled out over the past few years.
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It is likely that the sustained push by policymakers towards localisation of around 100 products (being talked about) over a period of time will help bridge this gap,” said Saurabh Agarwal, partner at EY India, a consulting firm.Net of refunds, which were 13% higher at almost Rs 30,000 crore, collections went up 15.8% to Rs 1,81,237 crore.Haryana logged the highest growth of 28%, followed by Gujarat and Puducherry (26%), Karnataka and Goa (23%), and Maharashtra (20%). Chhattisgarh (23% fall), Jharkhand and Manipur (20% decline) were among the laggards.