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The finance ministry has said that Gross Goods and Services Tax (GST) collection rose 11 per cent to over Rs 1.65 lakh crore in July 2023 compared to the same month last year, crossing the Rs 1.6 lakh crore mark for the fifth time since the rollout of the indirect tax regime. 

It stated that Gross Goods and Services Tax (GST) revenue collected last month was Rs 1,65,105 crore of which 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 was Rs 11,779 crore (including Rs 840 crore collected on import of goods).

Besides, it said during the month, revenues from domestic transactions (including import of services) were 15 per cent higher than revenues from these sources during the same month last year.