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Questions and Answers
What was the Gross Goods and Services Tax (GST) collection in April 2023?
What was the Gross Goods and Services Tax (GST) collection in April 2023?
Which components make up the Rs 1.87 lakh crore GST collection in April 2023?
Which components make up the Rs 1.87 lakh crore GST collection in April 2023?
What is the Foreign Contribution Registration Act (FCRA) license duration?
What is the Foreign Contribution Registration Act (FCRA) license duration?
What action has the Home Ministry taken against the Legal Initiative for Forest and Environment (LIFE)?
What action has the Home Ministry taken against the Legal Initiative for Forest and Environment (LIFE)?
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When was the highest GST collection recorded before April 2023?
When was the highest GST collection recorded before April 2023?
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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.
Action Against Legal Initiative for Forest and Environment (LIFE)
- 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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Description
Test your knowledge on banking and financial affairs with this Monthly GK Digest for May 2023. Stay updated on important news and events, including the record-breaking Gross Goods and Services Tax (GST) collection, crucial for Bank, SSC, and Railway exams.
