Current Affairs

GK MCQs Section

CGST

GST Collection in January

The GST collection has been increasing in recent times. The three main reasons for the hike in GST collection are decisions made by GST Council, changes made in...

February 1, 2023

GST Collection in October 2022

October 2022 witnessed the second highest collection of GST since the inception of the tax regime. How much GST was collected? The GST collection for October 2022 was...

November 3, 2022

GST revenue up 28% year-on-year in August

The Gross GST Revenue collected in the month of August 2022 is ₹ 1,43,612 crore which is 28% higher than the GST revenue of ₹ 1,12,020 crore in...

September 1, 2022

GST Collections in May 2022

In the month of May 2022, the Goods and Services Tax (GST) revenue stood at around Rs 1.41 lakh crore. This is a 44 percent increase in comparison...

June 2, 2022

AAR Ruling: GST on Guest Lectures

The Authority for Advance Ruling (AAR) of the Karnataka bench has ruled that 18 percent GST will be levied on the income that is earned from providing guest...

February 17, 2022

GST Collections November 2021

The GST revenue for the month of November 2021 was Rs 1,31,526 crores. This is the second highest collection since the introduction of GST in the country. The...

December 1, 2021

How will GST Exemption lead to Price rise?

The West Bengal Chief Minister recently requested the Prime Minister Narendra Modi to exempt COVID medicines and oxygen tanks from taxes. Several other states such as Odisha were...

May 10, 2021

0% IGST on Import of Covid-related relief material

The Government of India recently waived the Integrated GST till June 30, 2021. This included Remdesivir, Beta cyclodextrin, medical grade oxygen, oxygen concentrators, cryogenic transport tanks, etc. Conditions...

May 5, 2021

GST Council meet

On June 12, 2020, the Finance Minister Nirmala Sitaraman chaired the 40th GST Council Meet. Highlights The minister at the meet announced that no late fee will be...

June 12, 2020

GoI facilitates filling of NIL GST Return through SMS

The Government of India has allowed taxpayers to fill their NIL GST monthly reurn form through SMS. This will improve ease of GST compliance to more than 22...

June 9, 2020

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