LatestGoods & Service Tax (GST) 20 July 2026
JK GST Revenue Falls 15%
The Union Territory of Jammu and Kashmir has witnessed a decline of 15% in GST revenue in June, with collections slipping to Rs 470 crore, a decrease of Rs 82 crore from the previous month, despite the country's overall GST revenue continuing to rise. This decline in GST revenue could have significant implications for the region's economy and budget planning.
Jammu and Kashmir has seen a *15% decline* in GST revenue in June. The collections have slipped to *Rs 470 crore*, which is a decrease of *Rs 82 crore* from the previous month. Some key points to note include:
- The decline in GST revenue could impact the region's economy and budget planning.
- The country's overall GST revenue has continued to rise, making Jammu and Kashmir's decline notable.
- The decrease in GST collections may be a cause for concern for the region's financial stability.
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