India condoles death of 12 nationals in Ras Laffan gas facility explosion, US senators flag Pakistan’s history of harbouring terrorists, hiding bin Laden, India initiates anti-dumping probe against imports of electrical steel from China, 3 other nations,

Gross GST revenue collection touches all-time high

The Gross Goods and Services Tax, GST revenue collection has touched an all-time high of around Rs 1.68 lakh crore in April 2022. The total GST collection in April was one lakh 67 thousand 540 crore rupees. The GST collection in April this year is  25 thousand crore rupees more than the next highest collection of one lakh 42 thousand 95 crore rupees which was in March 2022. Of the total GST collection in April this year, Central Goods and Services Tax, CGST collection is 33 thousand 159 crore rupees, State Goods and Services Tax, SGST is 41 thousand 793  crore rupees, Integrated Goods and Services Tax, IGST is 81 thousand 939 crore and cess is 10 thousand 649 crore rupees. Total number of e-way bills generated in the month of March 2022 was 7.7 crore, which is 13 percent higher than the 6.8 crore e-way bills generated in the month of February 2022, which reflects recovery of business activity at faster pace.

Finance Ministry said, the revenues for the month of April 2022 are 20 percent higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 30 percent higher and the revenues from domestic transaction are 17 percent higher than the revenues from these sources during the same month last year. The Finance Ministry mentioned that for the first time Gross GST collection has crossed 1.5 lakh crore rupees mark. 
 


Newsinc24 is now on telegram. Click here to join our channel @newsinc24 and stay updated with the latest news from politics, entertainment and other fields.

Related Items

  1. Vaibhav Sooryavanshi breaks Gayle's all-time IPL record

    Full Story

  1. India’s total exports rise 13.59% to $80.80 billion in April

    Full Story

  1. Rising energy prices push WPI Inflation to 8.3% in April

    Full Story

My Cartoon


image1


Photos

Food & Lifestyle

Avocado: A heart-smart ingredient worth adding to your plate

Avocado is also an excellent source of dietary fiber. Including it in your meals can contribute significantly to your daily fiber intake. 

Read More

Crime

Digital arrest scam: CBI raids 80 locations, 2 nabbed

The CBI launched Operation Chakra-VI and conducted searches at more than 80 locations across 16 states to crackdown on cybercrime networks.

Read More

Opinion

Greer’s India trip boosts Trump-Modi trade deal momentum

The India-US economic relationship appears to be entering a crucial phase, with both sides moving toward the “final touches” on an interim trade agreement after months of difficult negotiations.

Read More

Credibility Matters at Newsinc24.com because it is a website that gives you fast and accurate news coverage. It provides news related to politics, astrotalk, business, sports as well as crime. Also it has book promotion too. We known for our credibity. You can contact us for your querries on our email address. And, If you want to know more about us, then check the relevant pages for this purpose.