GST collections at Rs 96,483 crore in July, shows signs of stabilisation

GST revenue collections for the month July reached Rs 96,483 crore, which remains broadly on expected lines, according to a statement by the Ministry of Finance. The tax revenue from GST collection increased in comparison to Rs 95,610 crore seen during the month of June. Tax collections under the Goods and Services Tax (GST) have been rising steadily since June after a sharp decline to Rs 94,016 c…