GST collections hit 14-month high in July, cross ₹2 lakh crore

India's Goods and Services Tax (GST) collections rose 15.4% year-on-year to ₹2.11 lakh crore in July, marking the fastest growth in 14 months. The rise in collection is driven by a sharp increase in revenue from imports and steady growth in domestic inputs. GST refunds also climbed 13.1% to ₹29,968 crore from ₹26,495 crore a year earlier.