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.
Team India lost the second consecutive match badly in the T20 World Cup. After defeating Pakistan
In many states of India, children are falling prey to measles disease. The World Health Organizat
The new variant of coronavirus EG.5.1 is spreading rapidly in the UK, which has been named Eris.
Suspicious parcels have been found in several Ukrainian embassies located in countries in Europe.
Foxconn: Congress taunts BJP on Foxconn's decision, said- should not trust the headlines created
The Congress targeted the BJP after Foxconn decided to exit. Congress said that whether it is the
Russia has indicated to retreat in southern Ukraine, is it a conspiracy to implicate Kyiv?
The war between Russia and Ukraine has been going on continuously for ten months. Russia intensif
External Affairs Minister Dr. S Jaishankar called on President Abdel Fattah el-Sisi during his vi
Good news for women and girls traveling in Delhi Metro, you can also win prizes
Delhi Metro, which has made its mark in the country and the world due to its facilities and facil
China has ongoing disputes with several ASEAN countries over the South China Sea. Meanwhile, taki
Coal India, the world's largest coal mining company, is going to import from abroad after seven y