‘JK’s GST returns at par with National Average’

SRINAGAR: Jammu and Kashmir is showing upward trend in filing of Goods and Services Tax (GST) returns which is at par with National Average of 60 per cent, the official statement issued on Saturday said.
This was informed during a video conference chaired today by Principal Secretary to Prime Minister, Dr PK Mishra with chief secretaries of all States, with regard to the status of revenue collections through GST of State-wise quarterly growth trend.
Principal Adviser to Prime Minister, PK Sinha, Cabinet Secretary, Rajiv Gauba and Union Revenue Secretary, Ajay Bhushan Pandey were also present in the meeting.
Mishra said that revenue collection under GST has increased with more transparency in the system and providing stability to the revenue collection system.
Chief Secretary, B.V.R. Subrahmanyam, who was representing J&K in the meeting via video conference, said that JK is doing good in filing of GST returns at an average of 70 per cent in last quarter besides recording a constant stability in the same from past one and half year.
The meeting discussed and deliberated upon the filing of GST returns and compliance of other parameters by the States and Union Territories. The meeting discussed the measures taken and proposed to improve the compliance, invoices uploads, filing of invoice details and other parameters.
The meeting decided to improve the compliance of GST parameters where there is a significant variation from the States in different GST parameters.
Cabinet Secretary, Rajiv Gauba said that at every stage of filing GST returns each parameter should be complied with while there is also a scope of improvement.
Principal Adviser to PM, PK Sinha asked States to make full use of the expertise and suggested State-Centre coordination in compliance to improve revenue collections. During the video conference several States including J&K presented their inputs and performances under GST.

Leave a Reply

Your email address will not be published.