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Business EconomyPosted at: Jan 23 2020 9:43PM


J&K Taxes Department set to register 20 pc growth in tax collection by 2019-20 end

Jammu, Jan 23 (UNI) Jammu and Kashmir Taxes Department is all set to register 20 per cent growth in tax collection by the end of financial year 2019-2020.
Financial Commissioner, Finance, Dr Arun Kumar Mehta while chairing a meeting here on Friday of State Taxes Department said that J&K is targeting the growth of 20 per cent in few heads of tax collection against the target set for the current fiscal.
It was informed in the meeting that under the Heads of Stamps and MST the growth would expectedly increase by 16 per cent and 4 per cent, respectively.
The FC, Finance complimented the officers for their efforts towards registering a growth of about 11 per cent over the target till date.
He directed for organising a massive campaign to make concerned aware about the benefits of timely payment of Goods and Services Tax.
He further directed for speedy filling up of all vacant posts in the department.
Dr Mehta asked the officers to increase the intensity of physical verifications of goods traded or in transit and also suggested the concerned to make use of economic intelligence, coordination, cohesion and convergence to further improve their performance.
He further asked them to set targets for each officer/official regarding the performance indicators like Revenue realisation, Registrations, Inspections and Cancellations.
The Finance Commissioner also appealed the traders to resort to proper invoicing only besides asking concerned to motivate traders in a positive manner to file returns without affecting their businesses.
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Tags: #J&K Taxes Department set to register 20 pc growth in tax collection by 2019-20 end
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