Correct Answer : Option (C) - Rs 1.4-trillion
India's tax collection from the sale of goods and services soared 28 per cent to Rs 1.43 trillion in August 2022 aided by rising demand, higher rates, and greater compliance.
The GST collection remained above the Rs 1.4-trillion mark for the sixth straight month in August 2022 and the ensuing festival season will help continue the trend.
"Better reporting coupled with economic recovery will have a positive impact on the GST revenues on a consistent basis," the finance ministry said in a statement.
The gross GST revenue collected in August 2022 is Rs 1.43 trillion of which CGST is Rs 24,710 crore, SGST is Rs 30,951 crore, IGST is Rs 77,782 crore (including Rs 42,067 crore collected on import of goods) and cess is Rs 10,168 crore (including Rs 1,018 crore collected on import of goods), the ministry said.
The revenues for the month of August 2022 are 28 per cent higher than the GST revenues of Rs 1,12,020 crore collected in August 2021..Source : Business Standard
Published On : September 2, 2022
Category : Indian Economy