Question
According to the information provided by the Ministry of
Finance, GST collections rose 12 per cent to over __________ in June.Solution
According to the information provided by the Ministry of Finance, GST collections rose 12 per cent to over Rs 1.61 lakh crore in June. The gross GST revenue collected in the month of June 2023 is Rs 1,61,497 crore of which Central GST is Rs 31,013 crore, State GST is Rs 38,292 crore, Integrated GST is Rs 80,292 crore (including Rs 39,035 crore collected on import of goods) and cess is Rs 11,900 crore (including Rs 1,028 crore collected on import of goods).
Assertion (A): The year 2020 saw a very high rate of inflations which went beyond the RBI's inflation upper tolerance limit of 6 percent.
Reason ...
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