Goods and Services Tax (GST) collection rose to Rs 1.30 lakh crore in October. This is the second largest collection after the implementation of GST on July 1, 2017. It is above Rs 1 lakh crore for the fourth consecutive month and reflects the momentum of the festive season. Last month's GST collection was 24 percent higher as compared to October 2020. According to the Finance Ministry statement, the Gross GST Revenue in October 2021 stood at Rs 1,30,127 crore, which includes CGST Rs 23,861 crore, SGST Rs 30,421 crore, IGST Rs 67,361 crore (including Rs 32,998 crore deposited on import of goods), and Cess 8,484 crore. Rs.699 crores (including Rs.699 crore collected on import of goods) is Rs.
CGST stands for Central Goods and Services Tax, SGST (State Goods and Services Tax), and IGST (Integrated Goods and Services Tax). According to the statement, the GST collection figures match the trends in the economic recovery and this is also evident from the trends in e-way bills generated every month since the second wave. The ministry said the revenue collection would have been even higher having the sale of autos and other products not been affected by the disruption in the supply of semiconductors.
IPO of 5 companies will come in the first fortnight of November
In the first fortnight of November, IPOs of five companies including Paytm's parent company One97 Communications and PolicyBazaar's parent company PB Fintech are coming up. These initial public offerings (IPOs) are expected to raise over Rs 27,000 crore. The biggest IPO will be Paytm. The company plans to raise Rs 18,800 crore from the market. The three other companies that are going to IPO during this period include Sapphire Foods India, SJS Enterprise, and Sigachi Industries, which operates KFC and Pizza Hut.
Currently, the IPOs of Nykaa operating FSN E-Commerce Ventures Ltd. and Fino Payments Bank, which sell online beauty and wellness products, are open. Nykaa expects to get Rs 5,352 crore from the IPO and Rs 1,200 crore from Fino Payments Bank. Overall, the IPO of these seven companies is expected to raise Rs 33,500 crore. Earlier on September 29, Aditya Birla AMC's IPO of Rs 2,778 crore came.
'14 terrorists, 400 kg RDX...', threat of bombing 34 vehicles; Mumbai on high alert
On Thursday, Mumbai Police received such a message on the WhatsApp helpline of the traffic control room. As soon as this message was received, there was a stir in the police department, and the
Delhi vs Center: Who will have control over the services, a 5-judge constitution bench will hear the petition
Chief Justice of India (CJI) N.V. Raman on Monday said he has constituted a five-judge Constitution Bench to hear legal issues relating to the scope of legislative and executive powers of the Center
Hijab Controversy: Karnataka Board 10th Exam Begins, Minister Said - If Hijab Rules Are Not Followed, Action Will Be Taken
After the Hijab controversy in Karnataka, the 10th board examination has started. Despite the ban in one or two districts in the state, some Muslim girl students came wearing hijab and burqa. However,
Pakistan: Commission may be formed to investigate the attack on Imran, PM Shahbaz Sharif recommended after allegations against himself
A court commission may be set up to investigate the attempt to assassinate Imran Khan. It has been recommended by the Prime Minister of Pakistan Shahbaz Sharif himself. He has demanded the formation
PM Modi Jammu Visit: 'The wonder of Lotus... Modi's guarantee, the unfulfilled dream of 70 years will now be fulfilled'; PM Modi promised Jammu and Kashmir
Prime Minister Narendra Modi addressed a huge rally at Maulana Azad Stadium in Jammu (PM Modi Jammu Visit). Thousands of people also came to listen to the PM. PM dedicated projects worth Rs 30,500
Washrooms of Delhi, Mumbai cricket stadium in bad condition: there is no light, even water in Wankhede; Female fan complains to BCCI
The spirit and passion of cricket in India are of a different level. With this spirit, a female fan reached Delhi's Arun Jaitley Stadium with her daughter and family to watch the Test match between
Opposition On GST: 'Walked on the wrong path for eight years, now took a U-turn', opposition slammed the Centre on GST
The opposition is constantly trying to corner the BJP over the GST reform. Today, many big Congress leaders and TMC MP Mahua Moitra put forth their views on this issue. Some called this decision a
Wimbledon 2023: Roger Federer will be seen in Wimbledon, and will celebrate his eight trophies with fans
The second day of the Wimbledon Championships 2023 will be named after former tennis player Roger Federer. Federer's achievements will be celebrated in a special ceremony on Center Court. Eight-time
Thalaivar 171: Shirt open, four gold watches in his hands, stylish Rajinikanth in the look of 'Thalaivar 171'
Thalaivar 171 First Poster: Filmmaker Lokesh Kanagaraj, who has given blockbuster films like Master, Vikram, and Leo, is in the news for South cinema superstar Rajinikanth starrer film Thalaivar 171.
Bigg Boss 19: 'She is of Kunika's age ...', Tanya Mittal made such a comment on Malti Chahar's age
The controversial reality show Bigg Boss 19 (Bigg Boss 19) was already having a lot of drama, and now another wild card contestant has entered the show, which has changed the atmosphere of the house.
