CURRENT AFFAIRS

Detailed explanation-1: -Better reporting coupled with economic recovery has been having positive impact on the GST revenues on a consistent basis. During the month of July 2022, 7.6 crore e-way bills were generated, which was marginally higher than 7.4 crore in June 2022 and 19% higher than 6.4 crore in July 2021.

Detailed explanation-2: -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-3: -The gross GST revenue collected in the month of June 2022 is ₹144,616 crore of which CGST is ₹25,306 crore, SGST is ₹32,406 crore, IGST is ₹75887 crore (including ₹40102 crore collected on import of goods) and cess is ₹11,018 crore (including ₹ 1197 crore collected on import of goods).

Detailed explanation-4: -GST collection surges by 56% YoY to Rs 1,44,616 crore in June.

Detailed explanation-5: -The gross GST revenue revenue collected in the month of July 2022 is *1,48,995 crore of which CGST is 25,751 crore, SGST is 32,807 crore, IGST is * 79,518 crore (including 41.420 crore collected on import of goods) and cess is 10,920 crore (including 995 crore collected on import of goods).