J&K registers 6% YoY growth in September

Jammu, Oct 5: Jammu and Kashmir has posted six percent Year-on-Year (Y-o-Y) growth vis-a-vis GST revenue collection, for September 2024.

J&K registered Rs 599 Cr revenue collection in September 2024 compared to September 2023 when it collected Rs 563 Cr.

Neighbouring Union Territory of Ladakh registered the highest Y-o-Y growth i.e., 24 percent for September 2024 along with Haryana, corresponding to the same period last year (September, 2023).

In September 2024, Ladakh collected Rs 44 Cr while its GST revenue collection in September 2023 was Rs 35 Cr.

Other hilly states, including neighbouring Himachal Pradesh besides Uttarakhand, posted better growth rates i.e., 9 percent and 14 percent respectively than J&K.

Himachal and Uttarakhand collections rose to Rs 856 Cr and Rs 1,582 Cr in September 2024 against revenue of Rs 784 Cr and Rs 1392 Cr respectively, during the same period last year.

In the state-wise overview of pre-settlement State GST figures for 2024-25 till date, J&K recorded a growth rate of 1 percent in pre-settlement GST figures, recording Rs 1,525 Cr in 2024-25 against Rs 1515 Cr in 2023-24. It showed growth of 7 percent in post-settlement GST figures, with Rs 4,385 Cr in 2024-25 against Rs 4,102 Cr in 2023-24.

Source : https://www.greaterkashmir.com/business/jk-registers-6-yoy-growth-in-september/