Versuchen GOLD - Frei
July GST mop-up at ₹1.96 trillion but refunds slow growth
Mint Kolkata
|August 02, 2025
Despite the surge in refunds, cumulative GST revenue for the current fiscal year rose 8.4% to ₹7.1 trillion after refunds
The Centre and state governments collected ₹1.96 trillion in Goods and Services Tax (GST) in July, a 7.5% increase from the same period last year, official data showed on Friday. However, a sharp rise in tax refunds moderated the growth in net revenue.
After adjusting for refunds, the net GST revenue stood at ₹1.69 trillion, just 1.7% higher than the year-ago period. Businesses received ₹27,000 crore in tax refunds in July, marking a 67% increase from the same month last year.
Despite the surge in refunds, cumulative GST revenue for the current fiscal year has grown 8.4% to ₹7.1 trillion after refunds.
Diese Geschichte stammt aus der August 02, 2025-Ausgabe von Mint Kolkata.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Kolkata
Mint Kolkata
America should think before it slams its door on immigration
The benefits of it are subtle but compelling enough to keep it going
3 mins
October 09, 2025
Mint Kolkata
Fraudsters will mourn the end of UPI payment requests
The National Payments Corporation of India (NPCI) has phased out a major feature of the Unified Payments Interface (UPI) that has long made peer-to-peer (P2P) transactions both convenient and risky. From 1 October, the \"collect request\" option for P2P transactions has been withdrawn. This is a decisive step to combat a surge in financial fraud within India's digital payments ecosystem.
3 mins
October 09, 2025
Mint Kolkata
Mini packs, big reach: Estée Lauder eyes India middle class
The American cosmetics and beauty giant is looking to expand investments in the country
3 mins
October 09, 2025
Mint Kolkata
Our lacklustre market: The fault, dear investor, is not in our stars
Foreign investors have rational and opportunistic reasons to pull money out but the India Story must refresh its appeal too
4 mins
October 09, 2025
Mint Kolkata
Adani taps SBI, Temasek, others for NMIA terminal
Airport entity in talks to raise ₹30,000 crore for Terminal-2 opening in 2029
1 mins
October 09, 2025
Mint Kolkata
Advertisers push for transparency standards in ad sales
Some of the advertising industry's largest players have joined forces to propose new standards for transparency in the digital auctions that increasingly dominate ad sales.
1 mins
October 09, 2025
Mint Kolkata
Airtel's chief flags regulatory overreach in telecom sector
Telcos face disproportionate regulatory burden compared to other digital players, Vittal said
3 mins
October 09, 2025
Mint Kolkata
India pulls dumping levies on China, others
“India appears to be balancing its industrial and strategic priorities,” said Ajay Srivastava, founder of the Global Trade Research Initiative (GTR), a trade thinktank.
1 mins
October 09, 2025
Mint Kolkata
'Deep ambitions' for India: Rolls-Royce
Rolls-Royce has “deep ambitions” to develop India as its “home” market and foster strategic partnership riding on its technologies across land, air and sea domains, British defence major’s chief executive officer Tufan Erginbilgic said on Wednesday.
1 min
October 09, 2025
Mint Kolkata
India pulls several anti-dumping levies on China, others
New Delhi has quietly allowed the expiry of anti-dumping duties on a range of goods from several countries including China, signalling a recalibration in its approach to trade protection.
1 min
October 09, 2025
Listen
Translate
Change font size