<span style="color: #222222;">In the Union Territory of Jammu and Kashmir, in a positive development, 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. <br />''<br />''AIR Jammu Correspondent reports that as per the official figures, Gross GST revenue collections including settlement for the FY 2020-21 in J&amp;K stood at Rs. 4890.35 crores against a total gross GST collection of Rs. 4750.60 crores in the FY 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 and Rs 278.84 crores respectively. The GST revenue in the month of April, May and June 2019 stood at Rs. l521.69 crore, Rs. 393.55 crore, and Rs. 420.23 crore respectively. Despite pandemic, GST revenue showed positive growth during the second half of the FY. <br />''<br />''The reasons for the buoyancy in revenue are several measures taken by the Government alongwith economic relief package announced in the month of September, 2020 for boosting the business and the other ailing sectors that had suffered due to adverse impact of COVID 19. Similarly, under Motor Spirit and Diesel Oil Tax (MST) the collections for the FY 2020-21 in the UT stood at Rs. 1459.89 crores against Rs. 1421.69 crores in the FY 2019-20 thus registering a positive growth of 2.71 per cent. <br />''<br />''Under Stamps and Registrations the collections stood at Rs. 268.29 crores against Rs. 289.13 crores. Overall for the FY 2020-21, the total revenue collections stood at Rs. 6618.53 crores against Rs. 6472.24 crores in the FY 2019-20 leading to an overall positive growth in revenue collections by 2.26 per cent.</span><br />
News On AIR | April 2, 2021 6:16 PM
Rs 4890.35 crore GST collected in FY 2020-21 in J&K