GST collection rises 11% to _____

Today General Knowledge(GK)

GST collection rises 11% to ______ crore in July 2023.

Rs 1.35 lakh

Rs 1.65 lakh

Rs 1.85 lakh

Rs 1.95 lakh

Correct Answer : Option (B) - Rs 1.65 lakh

The gross Goods and Services Tax (GST) revenue collected in July 2023 was Rs 1,65,105 crore, slightly higher than the collections in July 2023, according to data released by the finance ministry on Tuesday (1st August 2023).

It is for the fifth time since the rollout of the regime that the gross GST collection crossed the Rs 1.60 lakh crore mark.

In April 2023, the GST collections had touched an all-time high of Rs 1.87 lakh crore.

Of the Rs 1.65 lakh crore July 2023 mop up, the central GST was Rs 29,773 crore and state was is Rs 37,623 crore and Integrated GST was Rs 85,930 crore (including Rs 41,239 crore collected on import of goods).

The cess was Rs 11,779 crore (including Rs 840 crore collected on import of goods), a release by the ministry said.

The total revenue of Centre and the States in the month of July 2023 after regular settlement was Rs 69,558 crore for CGST and Rs 70,811 crore for the SGST.

Notably, the GST revenues for the month of July 2023 are 11% higher than the GST revenues in the same month last year.

During the month, the revenues from domestic transactions (including import of services) were 15% higher than the revenues from these sources during the same month last year (2022)..

Source : ToI

Published On : August 2, 2023

Category : Indian Economy

Recent General Knowledge Questions

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NIPFP Forecasts India’s FY25 GDP Growth at____.

5.8%

6.3%

6.7%

7.1%

Correct Answer : 7.1%

The National Institute of Public Finance and Policy (NIPFP) predicts India’s GDP growth for the fiscal year 2024-25 to be 7.1%. Utilizing high-frequency models, NIPFP underscores the government’s fiscal consolidation efforts, emphasizing tax buoyancy and compression of revenue expenditure.

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While NIPFP’s forecast stands at 7.1%, other entities such as the Asian Development Bank (ADB) and Fitch Ratings estimate a growth rate of 7%. In contrast, the International Monetary Fund (IMF), S&P Global Ratings, and Morgan Stanley project a slightly lower growth rate of 6.8% for FY25, indicating varying perspectives on India’s economic trajectory.

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Published On : April 27, 2024

Category : Indian Economy

Q .

Where is the Archery World Cup 2024 being organized?

China

India

Malaysia

South Korea

Correct Answer : China

The Archery World Cup 2024 has begun 23rd April 2024 in Shanghai, China. India’s Jyothi Surekha Vennam finished second in the women’s compound qualification round at Stage I.

The 27-year-old Asian Games gold medallist shot a score of 711 to finish behind Andrea Becerra of Mexico, who had a score of 713.

Meanwhile, the reigning world champion from India, Aditi Swami, finished eighth in the qualification round with a score of 704. The other two Indians, Parneet Kaur (703) and Avneet Kaur (696) finished 14th and 23rd, respectively.

The Indian women’s team, comprising top three scorers Vennam, Swami, and Parneet, finished as the best team in the qualification round with a total score of 2118. The Indian women’s team will, thus, start as the top seeds in the competition, ahead of South Korea (2117) and Mexico (2116). The teams are ranked by adding the individual scores of the top three archers from the country.

In the men’s compound qualification round, no Indian finished in the top 10 of the individual event..

Source : AIR

Published On : April 25, 2024

Category : Sports

Q .

Who has been appointed as the brand ambassador of ICC Men's T20 World Cup 2024?

MS Dhoni

Lionel Messi

Usain Bolt

Sachin Tendulkar

Correct Answer : Usain Bolt

Legendary Jamaican sprinter Usain Bolt has been named by the International Cricket Council (ICC) as the ambassador for the 9th ICC Men’s T-20 World Cup, which will be hosted by the West Indies and the United States of America jointly from 1 to 29 June 2024.

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* In the 2008 Beijing Olympics, Bolt won gold in the men’s 100-metre, 200 metres and 4x100 metres. He created a new world record in all three events.

* At the 2012 London Olympics, he again won gold medals in the 100 metres, 200 metres and 4x100 metres.

* Finally, in the 2016 Rio Olympics, he won gold in 100 metres, 200 metres and 4x100 metres.

* Bolt currently holds world records in the 100 metres, 200 metres and 4x100 metres with times of 9.58 seconds, 19.19 seconds and 36.84 seconds, respectively.

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Published On : April 25, 2024

Category : Sports