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of <h1>India's July GST Collection Hits Rs. 92,283 Crore, Surpassing Estimates; 64.42% Taxpayer Compliance Achieved.</h1> India's first GST revenue collection in July reached Rs. 92,283 crore, exceeding the finance ministry's estimate of Rs. 91,000 crore. This collection came from 64.42% of registered taxpayers, with 38.38 lakh out of 59.57 lakh businesses filing returns. The revenue included Rs. 14,894 crore from Central GST, Rs. 22,722 crore from State GST, Rs. 47,469 crore from Integrated GST, and Rs. 7,198 crore from compensation cess. The GST rollout is expected to improve tax compliance and reduce evasion. The Centre will compensate states for any revenue shortfall based on a 2015-16 base year with a 14% growth assumption.
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