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 tax collection, and rising inflation. The highest GST Collection was achieved in ..
Month: Current Affairs - February, 2023
Category: Economy & Banking Current Affairs - 2024
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 Rs 1.52 lakh crore – the second highest collection since the launch ..
Month: Current Affairs – November, 2022
Category: Economy & Banking Current Affairs - 2024
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 the corresponding month of the previous year. Highlights During the month, revenue ..
Month: Current Affairs - August, 2022
Category: Economy & Banking Current Affairs - 2024
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 to May 2021. The GST collection in May was lower than what ..
Month: Current Affairs - June, 2022
Category: Economy & Banking Current Affairs - 2024
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 lectures. Overview: The petitioner contacted the AAR to obtain clarification as to ..
Month: Current Affairs - February, 2022
Category: Legal & Constitution Current Affairs
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 first highest collection was in April 2021. GST Collections The CGST was ..