GST Revenue collection for August 2022 crosses 1.43 lakh crore, 28% higher than in the same month in 2021

GST Revenue collection for August 2022 crosses 1.43 lakh crore, 28% higher than in the same month in 2021 | Pics: Social media

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 August 2022 crosses 1.43 lakh crore, 28% higher than in the same month in 2021.

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 August 2022 crosses 1.43 lakh crore, 28% higher than in the same month in 2021

Finance Ministry: The gross GST (Goods and Services Tax) revenue collection over ₹ 1,43,612 crore in August 2022, which is a good sign for the Indian economy.

Read Also: Union Budget 2022-23: PDF in Hindi and English Both Language Available Here For UPSC, IAS Exams

The gross GST revenue collected in the month of August 2022 is ₹ 1,43,612 crore of which CGST is ₹ 24,710 crore, SGST is ₹ 30,951 crore, IGST is ₹ 77,782 crore (including ₹ 42,067 crore collected on imported goods) and cess is ₹ 10,168 crore (including ₹ 1,018 crore collected on import of goods).

Read Also: Economic Survey 2021-22: India GDP growth 8 to 8.5 pc in 2022-23

The government has settled ₹ 29,524 crore to CGST and ₹ 25,119 crore to SGST from IGST. The total revenue of Centre and the States in the month of August 2022 after regular settlement is ₹ 54,234 crore for CGST and ₹ 56,070 crore for the SGST.

The GST Revenue collection for the month of August 2022 are 28% higher than the GST revenues in the same month last year of ₹ 1,12,020 crore. During the month, revenues from import of goods were 57% higher and the revenues from domestic transactions (including import of services) were 19% higher than the revenues from these sources during the same month last year.

For six months in a row now, the monthly GST revenues have been more than the ₹ 1.4 lakh crore mark. The growth in GST revenue till August 2022 over the same period last year is 33%, continuing to display very high buoyancy.

Important facts for upcoming exams from the above Current Affairs Topic

• President of India: Droupadi Murmu 
• Vice President of India: Jagdeep Dhankhar
• Prime Minister of India: Narendra Modi 
• Chief Justice of India: Uday Umesh Lalit 
• 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