 |
| GST Revenue collection over 1.29 lakh crore in December 2021 | Daily Current Affairs Dose |
Our Daily Current Affairs Dose 2021 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.
GST Revenue collection over 1.29 lakh crore in December 2021 | Daily Current Affairs Dose
Finance Ministry: The gross GST (Goods and Services Tax) revenue collection over 1,29,780 lakh crore in December 2021, GST revenue collection is continuously exceeding 1 lakh crore for the last few months, which is a good sign for the Indian economy.
Read Also: Cabinet approves 3% increase in DA of Central Govt employees, pensioners due from July 1, 2021 | Daily Current Affairs Dose
The gross GST revenue collected in the month of December 2021 is Rs 1,29,780 crore of which CGST is Rs 22,578 crore, SGST is Rs 28,658 crore, IGST is Rs 69,155 crore (including Rs 37,527 crore collected on import of goods) and cess is Rs 9,389 crore (including Rs 614 crore collected on import of goods).
The government has settled Rs 25,568 crore to CGST and Rs 21,102 crore to SGST from IGST as regular settlement. The total revenue of Centre and the States in the month of December 2021 after settlements is Rs 48,146 crore for CGST and Rs 49,760 crore for the SGST.
Read Also: Precaution dose for health-care workers & people above 60 years start from 10 Jan 2022 | Daily Current Affairs Dose
The revenues for the month of December 2021 are 13% higher than the GST revenues in the same month last year and 26% higher than the GST revenues in December 2019. During the month, revenues from import of goods were 36% higher and the revenues from domestic transactions (including import of services) are 5% higher than the revenues from these sources during the same month last year.
The GST collection in the month is close to Rs 1.30 lakh crore despite reduction of 17% in the number of e-way bills generated in the month of November, 2021 (6.1 crore) as compared to the month of October, 2021 (7.4 crore) due to improved tax compliance and better tax administration by both Central and State Tax authorities.
Read Also: Govt issues guidelines of COVID vaccination for Children between 15 to 18 years | Daily Current Affairs Dose
The average monthly gross GST collection for the third quarter of the current year has been Rs 1.30 lakh crore against the average monthly collection of Rs 1.10 lakh crore and Rs 1.15 lakh crore in the first and second quarters respectively.
Important facts for upcoming exams from the above Current Affairs Topic
- President of India: Ram Nath Kovind
- Vice President of India: Venkaiah Naidu
- Prime Minister of India: Narendra Modi
- Chief Justice of India: N. V. Ramana
- Lok Sabha Speaker of India: Om Birla
- Capital of India: New Delhi
- Largest city of India: Mumbai
- Official languages of India: Hindi / English
- Currency of India: Indian rupee (₹) (INR)
- Total Population of India 2018 estimate: Neutral increase 1,352,642,280
0 Comments