GST collection in July stands at over Rs 1.65 lakh crore; records 11% on-year growth

The GST collection for the month of July was recorded at Rs 1,65,105 crore, the Ministry of Finance said on Tuesday. GST collection crossed the Rs 1.6 lakh crore mark for the fifth time since the inception of the goods and services tax. The revenues for July are 11 per cent higher than the GST revenues in the same month last year. Of the gross GST of Rs 1.65 lakh crore collected in July, Rs 29,773…