GST revenue collection for July at over Rs 1.16 lakh crore
New Delhi: GST revenue for the month of July stood at over Rs 1.16 lakh crore, 33 per cent higher than the collection in the same month of 2020, indicating that the economy is recovering at a fast pace, the finance ministry said on Sunday.
Goods and Services Tax (GST) collection in July 2020 was Rs 87,422 crore, Sequentially, it was Rs 92,849 crore in June this year.
The gross GST revenue collected in the month of July 2021 is Rs 1,16,393 crore of which Central GST is Rs 22,197 crore, State GST Rs 28,541 crore, Integrated GST Rs 57,864 crore (including Rs 27,900 crore collected on import of goods) and cess is Rs 7,790 crore (including Rs 815 crore collected on import of goods).
The revenues for the month of July 2021 are 33 per cent higher than GST collected in the same month last year and include GST returns filed between July 1-31 as well as IGST and cess collected from imports for the same period.
During the month, revenues from import of goods were 36 per cent higher and the collection from domestic transactions (including import of services) were 32 per cent higher than the revenues from these sources during the same month last year.
"GST collection, after posting above Rs 1 lakh crore mark for eight months in a row, dropped below Rs 1 lakh crore in June 2021 as the collections during the month of June 2021 predominantly related to the month of May 2021...," the finance ministry said.
During May 2021, most of the states/union territories were under either complete or partial lockdown due to COVID, it said.
"With the easing out of COVID restrictions, GST collection for July 2021 has again crossed Rs 1 lakh crore, which clearly indicates that the economy is recovering at a fast pace. The robust GST revenues are likely to continue in the coming months too," the ministry said in a statement.
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Bihar minister Nitin Nabin appointed BJP's national working president
New Delhi (PTI): Bihar Minister Nitin Nabin was on Sunday appointed as the BJP national working president and is likely to eventually succeed JP Nadda as its national president, signalling a generational shift in the ruling party.
Nabin, 45, son of late Nabin Kishore Prasad Sinha -- a veteran BJP leader and former MLA -- is considered dynamic and ideologically rooted, and deeply committed to the organisation, party leaders said.
A five-time MLA, he represents Bankipur assembly constituency in Bihar and has served twice as a minister in the Bihar Government.
His tenures as a minister in Bihar and his role as the party incharge of Chhattisgarh have been truly outstanding and marked by his effective organisational leadership, they said.
The BJP parliamentary board picked Nabin for the post.
"Bharatiya Janata Party's parliamentary board has appointed Nitin Nabin, a minister in the Bihar government, the Bharatiya Janata Party’s national working president with immediate effect," BJP national general secretary Arun Singh said in a notification.
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Nabin, who belongs to the Kayastha community, is likely to succeed incumbent BJP chief Nadda and is one of the youngest leaders to occupy the post, the leaders said.
Nadda, 65, was appointed the BJP President in January 2020 and has already completed his full term. He was granted extensions to lead the party through the 2024 Lok Sabha elections.
Congratulating Nabin on his appointment, Prime Minister Narendra Modi said he has distinguished himself as a "hardworking Karyakarta" and expressed confidence that his energy and dedication will strengthen the party.
"He is a young and industrious leader with rich organisational experience and has an impressive record as MLA as well as Minister in Bihar for multiple terms. He has diligently worked to fulfil people's aspirations.
"He is known for his humble nature and grounded style of working. I am confident that his energy and dedication will strengthen our Party in the times to come. Congratulations to him on becoming the BJP National Working President," PM Modi said on X.
Nabin has also worked extensively for Yuva Morcha. His appointment reflects the BJP’s focus on capable leadership and signals a generational shift, the leaders said.
BJP chief Nadda also greeted Nabin and said he was confident that the party would attain new heights under his leadership.
"I extend my heartfelt congratulations to the dynamic BJP leader from the sacred land of knowledge and culture, Bihar, and Minister in the Bihar Government, Shri Nitin Nabin ji on his appointment as the National Working President of the Bharatiya Janata Party.
"I am fully confident that under the guidance of the esteemed Prime Minister Shri Narendra Modi ji and your leadership, the organisation will reach new heights with the sentiments of nation-building and public service. Heartfelt best wishes for your illustrious and successful tenure," he said on X.
