May 2023 Monthly GK Digest

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Questions and Answers

What was the Gross Goods and Services Tax (GST) collection in April 2023?

  • Rs 1.68 lakh crore
  • Rs 1.5 lakh crore
  • Rs 2.0 lakh crore
  • Rs 1.87 lakh crore (correct)

Which components make up the Rs 1.87 lakh crore GST collection in April 2023?

  • CGST, SGST, IGST, and income tax
  • CGST, SGST, IGST, and customs duty
  • CGST, SGST, IGST, and cess (correct)
  • CGST, SGST, and IGST

What is the Foreign Contribution Registration Act (FCRA) license duration?

  • 10 years
  • 5 years (correct)
  • 7 years
  • 3 years

What action has the Home Ministry taken against the Legal Initiative for Forest and Environment (LIFE)?

<p>Canceled their FCRA license (D)</p> Signup and view all the answers

When was the highest GST collection recorded before April 2023?

<p>April 2022 (A)</p> Signup and view all the answers

Flashcards

GST collection in April 2023

Rs 1.87 lakh crore

Components of GST collection

CGST (Central GST), SGST (State GST), IGST (Integrated GST), and cess.

FCRA license duration

5 years

Action against LIFE by Home Ministry

Canceled their FCRA license

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Previous highest GST collection

April 2022

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Study Notes

GST Collection in April 2023

  • The Gross Goods and Services Tax (GST) collection in April 2023 was Rs 1.87 lakh crore.
  • This collection consisted of Central GST (CGST) of Rs 31,901 crore, State GST (SGST) of Rs 40,757 crore, and Integrated GST (IGST) of Rs 97,247 crore.

Foreign Contribution Registration Act (FCRA) License

  • The Foreign Contribution Registration Act (FCRA) license duration is 5 years.
  • The Home Ministry has cancelled the Foreign Contribution Registration Act (FCRA) license of the Legal Initiative for Forest and Environment (LIFE).

Highest GST Collection

  • The highest GST collection before April 2023 was recorded in January 2023, with a total collection of Rs 1.56 lakh crore.

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