Positive GST collections in the FY 2020-21 indicate revival of business, economic activities across J&K
JAMMU, April 2 -- In a positive development for Union Territory of Jammu and Kashmir, Goods and Service Tax (GST) revenue collections in the Financial Year 2020-21 has shown a positive growth despite constraints witnessed during the initial months of the fiscal due to Covid lockdown, indicating the revival of business and economic activities here. As per the official figures, Gross GST revenue collections including settlement for the Financial year 2020-21 in J&K stood at Rs.4890.35 crores against a total gross GST collection of Rs 4750.60 crores in the Financial year 2019-20, registering a positive growth of 2.94 per cent. This is despite the decline in April, May and June when the GST collections stood at Rs 68.36 crore, Rs 163.71 crores ...
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