J&K registers 24 pc increase in GST collection in Dec 2022

Srinagar :  Union Territory of Jammu and Kashmir has registered an increase of 24 per cent in its Goods and Services Tax (GST) collection for the month of December, 2022, an official spokesman said on Monday.

As per the state/UT wise data being reflected in a statement issued by the Finance Ministry, J&K has registered an increase of 24 per cent in its GST collection for the month of December, which is 13 per cent more than the national average.

Additional Commissioner, State Taxes Kashmir, Shakeel Maqbool, while speaking in this backdrop, said that this spurt in GST collection has been recorded due to better tax compliance and reporting coupled with economic recovery.

He added that this increase is one of the highest ever monthly growth rates in J&K since the inception of GST.