GST Revenue collection for January 2022 crosses 1.30 lakh crore, mark for the 4th time

GST Revenue collection for January 2022 crosses 1.30 lakh crore, mark for the 4th time 

Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is GST Revenue collection for January 2022 crosses 1.30 lakh crore, mark for the 4th time.

Our Daily Current Affairs Dose 2022 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.

GST Revenue collection for January 2022 crosses 1.30 lakh crore, mark for the 4th time 

Finance Ministry: The gross GST (Goods and Services Tax) revenue collection over 1,38,394 crore in January 2022, GST collection crossed Rs 1.30 lakh crore mark for the 4th time, which is a good sign for the Indian economy.

The gross GST revenue collected in the month of January 2022 is Rs 1,38,394 crore of which CGST is Rs 24,674 crore, SGST is Rs 32,016 crore, IGST is Rs 72,030 crore (including Rs 35,181 crore collected on import of goods) and cess is Rs 9,674 crore (including Rs 517 crore collected on import of goods). The highest monthly GST collection has been Rs 1,39,708 crore in the month of April 2021. Total number of GSTR-3B returns filed upto 30th January 2022 is 1.05 crore that includes 36 lakh quarterly returns.

Read Also: GST Revenue collection over 1.29 lakh crore in December 2021 | Daily Current Affairs Dose

The revenues for the month of January 2022 are 15% higher than the GST revenues in the same month last year and 25% higher than the GST revenues in January 2020. During the month, revenues from import of goods were 26% higher and the revenues from domestic transactions (including import of services) are 12% higher than the revenues from these sources during the same month last year.

Read Also: Cabinet approves 3% increase in DA of Central Govt employees, pensioners due from July 1, 2021 | Daily Current Affairs Dose

This is for the fourth time the GST collection has crossed the Rs 1.30 lakh crore mark. 6.7 crore e-way bills were generated in the month of December 2021 which is 14% higher than 5.8 crore e-way bills generated in the month of November 2021.

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