2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1.77
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1.87
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1.67
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1.57
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Detailed explanation-1: -India’s GST Revenues Hit Record High in April At ₹1.87 lakh crore. India’s gross GST revenues for April 2023 reached a record high of ₹1, 87, 035 crore, which is a 12% increase from last year’s highest tax tally of ₹1.67 lakh crore for the same month.
Detailed explanation-2: -GST collections at record high: India clocked a whopping Rs 1.87 lakh crore from Goods and Services Tax (GST) collections in the month of April 2023-the highest ever monthly collection since the introduction of GST almost 6 years ago.
Detailed explanation-3: -12, 025 crore (including Rs. 901 crore collected on import of goods). Gross GST collection in April 2023 is an all time high, Rs 19, 495crore more than the next highest collection of Rs. 1, 67, 540 crore, in April, 2022.
Detailed explanation-4: -GST Rate Changes from 18th July 2022 These GST rate changes will apply from 18th July 2022. Further, exemptions were withdrawn on a few daily essentials. The government notified revised rates for items that faced an inverted tax structure.