SRINAGAR: Jammu and Kashmir is exhibiting a better GST growth in comparison to the rest of the country, officials said.
“GST revenue collections from J&K (SGST) have shown 33.20 per cent growth, surpassing the National average of 15 per cent for the current financial year,” Commissioner State Taxes, J&K, Dr Rashmi Singh was quoted as having told the media. “Upto the end of October 2023, a total GST revenue (SGST and IGST) of 4811.09 crore has been realised, showing an overall growth of 20.31 percent”.
Over the years, the tax payers base in Jammu and Kashmir has increased. In 2017-18, the number of commercial tax payers were at 72000 under GST which is has now increased to more than 1.42 lakhs. The commercial tax department which used to collect Rs 300 crore a month is now averaging at Rs 683 crore. Even the return filing percentage has touched 97 percent.
