New Delhi, July 1 -- Central and state governments collected Rs.1.85 trillion in Goods and Services Tax (GST) revenue in June, reporting a 6.2% annual improvement, although the revenue receipt was the lowest in four months.
The moderation from the more than Rs.2 trillion-level seen in the first two months of the current financial year comes on account of a sharp reduction in tax collection from domestic transactions. GST on imported items also witnessed some moderation in June.
However, cumulatively, in the first quarter, Central and state governments collected Rs.6.2 trillion before tax refunds, an improvement of 12% from the corresponding year-ago period, showed data shared by the finance ministry.
In June, tax payers were given a re...
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