CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the gross GST revenue collected in the month of October 2022?
A
Rs. 1, 51, 718
B
Rs. 2, 51, 718
C
Rs. 3, 51, 718
D
Rs. 4, 51, 718
Explanation: 

Detailed explanation-1: -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-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: -10 min read. October 2022 witnessed the second highest GST collections ever at Rs. 1,51,718 crore, only second to April 2022, which had a GST collection of Rs. 1,67,540 crore.

Detailed explanation-4: -₹1,45,867 crore gross GST revenue collected for November 2022, records increase of 11% Year-on-Year.

There is 1 question to complete.