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 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.