CURRENT AFFAIRS

2021

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How much amount of the gross GST revenue was collected in the month of April 2021?
A
Rs.1, 67, 543 cr
B
Rs.1, 50, 567 cr
C
Rs.1, 41, 384 cr
D
Rs.2, 89, 357 cr
Explanation: 

Detailed explanation-1: -The total revenue of Centre and the States after regular and ad-hoc settlements in the month of April’ 2021 is Rs. 57, 022 crore for CGST and Rs. 58, 377 crore for the SGST.

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: -India’s gross revenues from the Goods and Services Tax (GST) were ₹1, 43, 612 crore in August, 28% higher than a year ago. Revenues from import of goods soared 57% during the month while domestic transactions and import of services yielded 19% higher taxes than in August 2021.

Detailed explanation-4: -In July, 2021, Goods and Services Tax (GST) collections stood at Rs 1, 16, 393 crore.

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