CURRENT AFFAIRS

2022

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the total GST revenue collected in June 2022?
A
Rs 1.15 Lakh Crore
B
Rs 1.30 Lakh Crore
C
Rs. 1.20 Lakh Crore
D
Rs 1.45 Lakh Crore
Explanation: 

Detailed explanation-1: -The total revenue of Centre and the States in the month of June 2022 after regular and adhoc settlement is ₹68,394 crore for CGST and ₹70,141 crore for the SGST. The revenues for the month of June 2022 are 56% higher than the GST revenues in the same month last year of ₹92,800 crore.

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 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).

Detailed explanation-4: -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-5: -GST collection surges by 56% YoY to Rs 1,44,616 crore in June.

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