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Believe it or Not! This is How Much GST Paid by Reliance Industries

Reliance Industry

India’s economy is currently running towards 1 lakh crore or 1 trillion and fluctuates sometimes due to multiple reasons. The government is also on its toe to fetch as much as tax from the businesses.

Countries biggest industrial chief Mukesh Ambani recently made some of the staggering announcements at its 42nd annual general meeting held every year with its investors.

Mukesh Ambani revealed multiple facts and figures regarding the companies operational revenue in which one was that the Reliance industries paid a huge 67,000 crore of goods and services tax in the previous year.

The reliance chief also stated that his telecommunications company Jio also became the world’s second-largest mobile operator under which there are more than 34 crores of customers.

Not only GST, the reliance industries and all of its employees cumulatively paid an income tax return Easy guide to file income tax return for the FY (financial year) 2018-19. Also, we added the document checklist related to Personal, Income, tax, bank, real estate, investment, etc of around 12191 crores as per the figures self-declared by the Ambani.

All these announcements were done along with the big deal with the Saudi Aramco and the launching of Jio fibre for home broadband services. Although reliance is known to be a big taxpayer from decades, this was another feather in its cap.

Disclaimer:- "All the information given is from credible and authentic resources and has been published after moderation. Any change in detail or information other than fact must be considered a human error. The blog we write is to provide updated information. You can raise any query on matters related to blog content. Also, note that we don’t provide any type of consultancy so we are sorry for being unable to reply to consultancy queries. Also, we do mention that our replies are solely on a practical basis and we advise you to cross verify with professional authorities for a fact check."

Published by Subodh Kumawat
Subodh has done with numerous professional degrees ranging from Human Rights to Banking along with MBA in HR Marketing. He is also interested in the field of tax-related articles and blog as per the industry based norms. Having expert knowledge in diverse sectors, he assures facts and figures along with testimony, in his articles. Working in SAG Infotech, he is a trusted author among the readers globally. View more posts
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