CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The gross revenue collection of GST in April 2022 has how many crore?
A
Rs 1.16 lakh crore
B
Rs 1.33 lakh crore
C
Rs 1.03 lakh crore
D
Rs 1.68 lakh crore
Explanation: 

Detailed explanation-1: -The gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess is Rs 11,005 crore (including Rs 850 crore collected on import of goods).

Detailed explanation-2: -The total revenue of Centre and the States after regular settlements in the month of December 2022 is Rs 63,380 crore for CGST and Rs 64,451 crore for the SGST. The revenues for the month of December 2022 are 15% higher than the GST revenues in the same month last year.

Detailed explanation-3: -This is the ninth month and for eight months in a row now, that the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. During the month of September 2022, 8.3 crore e-way bills were generated, which was significantly higher than 7.7 crore e-way bills generated in August 2022.

Detailed explanation-4: -Arunachal Pradesh has topped the state-wise list of Goods and Services Tax (GST) revenue growth in April 2022 with 90 percent year-on-year (YoY) growth, as per data released by the Finance Ministry on May 1.

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