CURRENT AFFAIRS

Detailed explanation-1: -The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1, 23, 902 crore of which CGST is ₹ 22, 973 crore, SGST is ₹ 29, 329 crore, IGST is ₹ 62, 842 crore (including ₹ 31, 097 crore collected on import of goods) and Cess is ₹ 8, 757 crore (including ₹ 935 crore collected on import of goods).

Detailed explanation-2: -The total GST collection in India 2021-22 or annual GST collection in India for FY 2021-22 was Rs. 14, 76, 000 crore. Below is the year wise GST collection since the inception of GST.

Detailed explanation-3: -The gross GST revenue collected in the month of March 2022 is ₹ 1, 42, 095 crore of which CGST is ₹ 25, 830 crore, SGST is ₹ 32, 378 crore, IGST is ₹ 74, 470 crore (including ₹ 39, 131 crore collected on import of goods) and cess is ₹ 9, 417 crore (including ₹ 981 crore collected on import of goods).

Detailed explanation-4: -The GST collection for Karnataka in 2021-22 was Rs. 95.9 thousand crores while in the case of Tamil Nadu it was Rs. 85.4 thousand crores.

Detailed explanation-5: -NEW DELHI: Goods and services tax (GST) collection for the month of May came in at Rs 1, 40, 885 crore, the finance ministry said in an official release on Wednesday.