Do you know how much Reliance Industries paid for GST? catch full news

Reliance Industries (RIL) chairman and managing director Mukesh Ambani is in the spotlight today for launching JioGigaFiber at RIL’s 41st annual general meeting (AGM). Ambani further added that Reliance is India’s largest payer of Goods and Services Tax (GST) Excise and Customs Duty and Income Tax in the private sector.

Mukesh Ambani also emphasised that Jio’s subscribers increased from 124 million at the end of last year to 210 million at the end of Financial Year 18. “Jio and retail’s share in overall EBITDA from 2 percent to 13 percent,” he said. According to ANI, Reliance paid Rs 42,553 crores in Goods and Services Tax.

It is no surprise that Jio is the ‘World’s largest Data Network’ based on Mobile Data consumption. Ambani called Jio as India’s only mobile video network and added that there are more than 25 million JioPhone users in India.

“Reliance has become the first Indian company to record PBDIT (Profit Before Depreciation Interest and Taxes) of over $10 billion with each of our key businesses – refining, petrochemicals, retail and digital services achieving record earnings performance,” Mukesh Ambani said in April.

It has become a sensational hit ever since its inception. Users are increasing day by day and so does the sales. Even a common person who is not used to using the internet services are more into surfing these days and thanks to Jio.

It has completely changed the way we think. It offers internet, free Local and STD calls, free (incoming and outgoing calls) to any network anywhere in India based on their subscriptions. This is why most people use Jio. Not just Jio SIMs, people use JioPhones and 4G personal hotspots as well. They are affordable and cutting-edge devices that satisfy the needs of the customers.

Hailing from Chennai, Chaithanya G is the Managing Director of TheYouth. He has dedicated his whole life to reading and writing.