Here is the full details of how much Mukesh Ambani’s Reliance Tax paid in the first quarter

Renowned industrialist Mukesh Ambani’s company Reliance Industries has released its first quarter results for the current financial year 2021-22. Reliance Industries posted a net profit of Rs 3,464 crore in the first quarter of the current fiscal. The company’s expenses, including tax, increased by 50 per cent to Rs 1.31 lakh crore. The second wave of corona was at its peak and Reliance supplied large quantities of free oxygen from its Jamnagar refinery during this period.

Profit decline: Reliance Industries’ profits fell 7 per cent to Rs 12,273 crore in the first quarter of the current fiscal. Despite the good performance of oil-to-chemicals, telecom and Reliance Jio, the company’s profitability has declined due to cost increases. 13,233 crore in the same quarter of the previous fiscal year 2020-21.

Reliance Jio’s profits increased by 45 per cent, adding 2.67 crore new customers in three months

How much tax in the financial year 2020-21: In the financial year 2020-21, Reliance Industries made the largest payment of GST and VAT. During the period, Reliance Customs and Excise Tariff stood at Rs 21,044 crore. At the same time, service tax of Rs 3,213 crore and GST and VAT of Rs 85,306 crore have been paid. Due to Corona, let us tell you, there was a strict lockdown for the first few months of the financial year 2020-21. The lockdown also halted the business of the country.

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