New Delhi [India], August 1 (ANI): The Goods and Services Tax (GST) revenue collected in the month of July 2023 was worth Rs 165,105 crore, official data showed Tuesday. 

The GST revenues generated in July 2023 were 11 per cent higher than it was registered in the same month last year. 

Also Read | Bihar: Education Department Asks Private Coaching Institutes to Not Run Classes During School Hours.

Of the total GST collection in July, CGST was Rs 29,773 crore, SGST was Rs 37,623 crore, IGST was Rs 85,930 crore (including Rs 41,239 crore collected on import of goods) and cess Rs 11,779 crore (including Rs 840 crore collected on import of goods), Ministry of Finance said in a release. 

Notably, in April, the gross GST collection was at an all-time high of Rs 187,035 crore. 

Also Read | Postpartum Diet Plan: List of Food Items One Must Eat To Help Body Recover Post Pregnancy.

In the entire financial year 2022-23, the total gross GST collection stood at Rs 18.10 lakh crore and the average gross monthly collection for the full year is Rs 1.51 lakh crore. 

The gross revenues in 2022-23 were 22 per cent higher on a yearly basis. 

Over the last few years, various efforts have been made to increase the tax base and improve compliance. 

Goods and Services Tax was introduced in the country with effect from July 1, 2017, and states were assured compensation for loss of any revenue arising on account of the implementation of GST as per the provisions of the GST (Compensation to States) Act, 2017 for a period of five years. (ANI) 

(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)