The GST collection remained above the Rs 1.4-trillion mark for the sixth straight month in August and the ensuing festival season will help continue the trend. The gross GST revenue collected in August 2022 is Rs 1.43 trillion of which CGST is Rs 24,710 crore, SGST is Rs 30,951 crore, IGST is Rs 77,782 crore (including Rs 42,067 crore collected on import of goods) and cess is Rs 10,168 crore (including Rs 1,018 crore collected on import of goods).
Bank Maha Pack includes Live Batches, Test Series, Video Lectures & eBooks
The revenues for the month of August 2022 are 28 per cent higher than the GST revenues of Rs 1,12,020 crore collected in August 2021. The collection in August is, however, lower than Rs 1.49 trillion collected in July. The mop-up was at a record high of Rs 1.67 trillion in April.
Find More News on Economy Here
The Reserve Bank of India (RBI) has cancelled the license of Sarvodaya Co-operative Bank Ltd.…
The Indian National Congress (INC) has announced VD Satheesan as Kerala's next Chief Minister. With…
Uganda's President Yoweri Museveni has created the landmark milestone as he has been sworn in…
To achieve the most ambitious target of $1 trillion export target of India, Commerce and…
India has imposed an immediate ban on the exports of sugars until September 30, 2026.…
The International Day of Families is observed every year on 15 May to highlight the…