Srinagar, Nov 01: J&K’s goods and services tax (GST) collections have shown 33 percent growth.
Commissioner State Taxes, J&K, Dr Rashmi Singh said this as the department today celebrated 4th UT Foundation Day and Rashtriya Ekta Diwas here.
Speaking on the occasion, Rashmi, congratulated the team of officers and stakeholders for achieving remarkable milestones in the last four years.
“Number of registered taxpayers in 2017-18 was only 72000 under GST which is now increased to more than 1.42 lacs. Moreover, from a modest average monthly collection of around 300 crores, the collection in the current financial year (2023-24) has crossed 683 crore while return filing percentage also shown remarkable achievement with 97 percent dealers filing returns,” she remarked.
Highlighting on other major accomplishments of the department, Rashmi said that GST revenue collections from J&K (SGST) have shown 33.20% growth, surpassing the National average of 15% for the current financial year.
“Upto the end of October 2023, a total GST revenue (SGST & IGST) of 4811.09 crores has been realized, showing an overall growth of 20.31 percent,” she said.
Terming National SKOCH award (Silver) 2023, a remarkable milestone, the commissioner said, such prestigious accolades further encourage officials to work with more zeal and enthusiasm.
On Stamps, she said adoption of e-stamping system has led to better results in terms of accuracy, transparency, speed and maintaining a steady growth of around 11 % in stamp revenue.
