Tuesday, March 21, 2023
  • CONTACT US
  • ABOUT US
  • TERMS OF SERVICE
Kashmir Glacier
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper
No Result
View All Result
Kashmir Glacier
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper
No Result
View All Result
Kashmir Glacier
No Result
View All Result
Home Kashmir

Following PM’s mantra of transform, reform and perform to build prosperous & Atmanirbhar J&K: LG

LG inaugurates GST symposium & Tax awareness initiative 'Kar-Tavya'

Kashmir Glacier News Desk by Kashmir Glacier News Desk
March 1, 2023
in Kashmir, Latest News, Top News
0
Lieutenant Governor Shri Manoj Sinha

Lieutenant Governor Shri Manoj Sinha

0
SHARES
36
VIEWS
Share on FacebookShare on TwitterWhatsApp

JAMMU: Lieutenant Governor Shri Manoj Sinha today inaugurated the GST symposium and Tax awareness initiative ‘Kar-Tavya’ for industries, traders association, DDOs & other stakeholders, at the Convention Center.
The GST symposium is being organized by J&K State Taxes Department in collaboration with The Institute of Chartered Accountants of India.
The Lt Governor said the outreach to help, guide the stakeholders & taxpayers to build synergy and to achieve the prime objective to set J&K on a high growth trajectory.
Systematic approach by the State Taxes Department to simplify the regulatory compliances has led to revenue augmentation and improved ease of doing business for the stakeholders. Such symposium and awareness drive will further stimulate the rate of compliance & productive capacity, added the Lt Governor.

Also Read  |  Rajesh Malhotra Is New Principal DG, Press Information Bureau

“We are following the Hon’ble Prime Minister’s mantra of Transform, Reform & Perform to build a prosperous & Atmanirbhar J&K. It is the collective responsibility of citizens and business enterprises to unlock potential and drive J&K’s economic growth,” said the Lt Governor.
The reforms and policies focus on protection and empowerment of the common man. Our long-term economic development policies are aimed at reducing inequalities for the welfare of society. Robust growth in business sectors will benefit society as a whole, the Lt Governor observed.
It is imperative to ensure that economic growth through stabilization of the tax revenues is ensured at all levels. At the same time it should also be ensured that habit gets inculcated in every business enterprise & consumers to pay taxes with pride, he added.
We must achieve the target of 100% GST tax coverage. Every taxpayer must come forward and contribute towards nation building, the Lt Governor further added.

Also Read  |  Lt Governor launches Jio True 5G Services for J&K

GST realized the dream of One Nation, One Tax and guaranteed revenue flow to the states. I express my heartfelt gratitude to the business community and citizens of Jammu Kashmir for their cooperation & invaluable contribution in the development of J&K, the Lt Governor said.
Observing that increased business activities are required for long term economic development and strengthening food security & generating employment opportunities, the Lt Governor highlighted the effective steps taken by the administration for improving Ease of Doing Business, facilitating the expansion of the existing units & setting up of new industries & businesses and extending the benefits of amnesty schemes.
The reason for buoyancy in the revenue is due to several measures taken by the State Taxes Department like establishment of GST Facilitation Centers (GST Suvidha Kendras), District Level Awareness Programmes for the Stakeholders across the UT of J&K, Co-ordination Meetings between Central GST and UT GST authorities etc. The State Taxes Department has adopted a promotional approach rather than a regulatory one and is continuously focusing on capacity building, the Lt Governor noted.

Also Read  |  Safeguard interests of common citizens: LG to officials

The Lt Governor highlighted the transformation taking place in the industrial sector with the introduction of new Industrial development policy.
Jammu Kashmir has taken a giant leap in the industrial sector and investments from big companies from India & abroad continues to flow into the UT for industrial activities. Within two years, we have received investment proposals worth Rs 66,000 crores. In the last 6 months, one industrial-business unit has commenced its operation every day. This reflects the true picture of new & aspirational Jammu and Kashmir, the Lt Governor said.
The Lt Governor reiterated the government’s commitment to develop more land for industries. Every facility will be extended to 18 industrial estates in the future. I want more people from J&K to set up industries and avail benefit of industrial development scheme, he added.
Responding to the demand of The Institute of Chartered Accountants of India for land for centre of excellence, the Lt Governor announced that the land will be allotted for the said purpose.

Also Read  |  Srinagar to get Japanese Cherry Blossom Theme Garden

The Lt Governor further shared the vision of the UT Government for accelerating growth in various sectors. We are working with an integrated approach for development of all sectors, he added.
The Lt Governor also spoke on efforts of the government to generate employment and livelihood opportunities for the youth.
More than 30000 vacant government posts have been filled in the last three years. And wherever any wrong was found, CBI inquiry has been initiated. The recruitment for another 20,000 posts in administration will be advertised in 3-4 months, the Lt Governor informed.
We want to saturate self employment in J&K. Youth were identified from every panchayat and town of the UT, and in a single day, 75000 youth were provided more than Rs 939 cr financial assistance. More than 6 lakh women have been connected with NRLM, he noted.

Also Read  |  Institute of Hotel Management organizes Yuva Tourism Club activities

The Lt Governor urged the people to not fall prey to the certain vested interests spreading false information and creating misconceptions around anti-encroachment drives, power generation and property tax.
No poor will be touched during anti encroachment drives but no influential encroacher will be spared. The encroached land retrieved by the government will be utilized for the welfare of common man and schools, colleges, hospitals, sports facilities will be developed on the retrieved land, said the Lt Governor.
The Lt Governor also shared the facts in detail regarding the imposition of property tax in the UT.
The property tax in Jammu and Kashmir is the lowest as compared to other states. There are around 5,20,000 houses in cities of J&K. Out of these, 2,06,000 houses are less than 1000 sq ft and no tax is being imposed on them. No tax on 40% of the people living in cities, in rural and on religious places. 2,03,600 houses are less than 1500 sq ft and 80% of these households will have to pay less than Rs 600 per annum. This amount is one-tenth of the tax amount being paid in Shimla, Ambala and Dehradun, the Lt Governor said.

Also Read  |  PM addresses Post Budget Webinar on ‘Ease of Living using Technology’

46,000 out of 1,01,000 shops in city areas are less than 100 sq ft and they will have to pay upto Rs 700 per annum. Out of these 46,000 shops, 80% will have to pay a meager Rs 600 per annum/ Rs 50 per month. 30,000 shops will have to pay taxes below Rs 2000 per annum and out of these, 20,000 will have to pay less than Rs 1500 which is also one-tenth of the amount being paid in Shimla, Ambala and Dehradun, he noted.
Revenue will directly go to the accounts of municipalities and corporations. This step has been taken to make our cities an engine of growth, he added.
The Lt Governor also invited suggestions from all sections of the society with regard to better arrangement in property tax.
Our doors are open. Everyone must come forward in making J&K a dynamic and developed region of the country, he added.
On the occasion, the Lt Governor unveiled Kar-Tavya periodical and Kar-Tavya booklet and also handed over Letter of Appreciation to organisations and top tax payers of the UT.
Dr Arun Kumar Mehta, Chief Secretary; Dr Rashmi Singh, Commissioner State Taxes; Sh Ranjit Kumar Agarwal, National VP, Institute of Chartered Accountants India (ICAI) and other senior officers and various stakeholders were present on the occasion.

  • Facebook
  • Twitter
  • email
  • Print

Share this...

Share this:

  • Facebook
  • WhatsApp
  • Twitter
  • Telegram
Previous Post

Rajesh Malhotra Is New Principal DG, Press Information Bureau

Next Post

Inculcate Entrepreneurial Mindset Among Kids, Stresses Prof Manhas

Kashmir Glacier News Desk

Kashmir Glacier News Desk

Kashmir Glacier is the weekly publishing news agency which brings out unparalleled journalism in forth. We cover all the major developments and developing stories from across India.

Related Posts

Why Kashmiri farmers switch from paddy to horticulture
Kashmir

Why Kashmiri farmers switch from paddy to horticulture

by Raouf Dar
March 21, 2023
Summer travel to Kashmir costs soar
Kashmir

Summer travel to Kashmir costs soar

by Kashmir Glacier News Desk
March 20, 2023
Mayor of Srinagar extends greetings to people on Navroz eve
Kashmir

Mayor of Srinagar extends greetings to people on Navroz eve

by Kashmir Glacier News Desk
March 20, 2023
Lt Governor chairs 82nd Council Meeting of University of Kashmir
Kashmir

Lt Governor chairs 82nd Council Meeting of University of Kashmir

by Kashmir Glacier News Desk
March 20, 2023
Lt Governor attends Saras Aajeevika Mela at iconic Dal Lake in Srinagar
Kashmir

Lt Governor attends Saras Aajeevika Mela at iconic Dal Lake in Srinagar

by Kashmir Glacier News Desk
March 20, 2023
Next Post
Prof Parikhshat Singh Manhas, Chairman Jammu and Kashmir Board of School Education (BOSE)

Inculcate Entrepreneurial Mindset Among Kids, Stresses Prof Manhas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Army officer, 2 soldiers killed in “violent face-off yesterday night” during de-escalation process in Galwan Valley, Ladakh

After Pangong Tso, Galwan, China blocks Indian patrols in DBO area

June 24, 2020
DGP visits Marwah, Dachan, Kishtwar, reviews security arrangements

DGP visits Marwah, Dachan, Kishtwar, reviews security arrangements

April 16, 2019

Don't miss it

Why Kashmiri farmers switch from paddy to horticulture
Kashmir

Why Kashmiri farmers switch from paddy to horticulture

March 21, 2023
Summer travel to Kashmir costs soar
Kashmir

Summer travel to Kashmir costs soar

March 20, 2023
Mayor of Srinagar extends greetings to people on Navroz eve
Kashmir

Mayor of Srinagar extends greetings to people on Navroz eve

March 20, 2023
Lt Governor chairs 82nd Council Meeting of University of Kashmir
Kashmir

Lt Governor chairs 82nd Council Meeting of University of Kashmir

March 20, 2023
Lt Governor attends Saras Aajeevika Mela at iconic Dal Lake in Srinagar
Kashmir

Lt Governor attends Saras Aajeevika Mela at iconic Dal Lake in Srinagar

March 20, 2023
PIB Srinagar organizes Media Workshop ‘Vartalap’ at Budgam
Kashmir

PIB Srinagar organizes Media Workshop ‘Vartalap’ at Budgam

March 20, 2023

Facebook Page Like

Follow me on Twitter

My Tweets

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 42,500 other subscribers

© 2021 Kashmir Glacier - Premium news & magazine theme by GITS.

No Result
View All Result
  • News
    • Kashmir
    • Jammu
    • Ladakh
  • India
  • World
  • Sports
  • Business
  • Opinion
    • Editorial
    • Interview
  • Health
  • Weekly Edition
  • ePaper

© 2021 Kashmir Glacier - Premium news & magazine theme by GITS.

Join WhatsApp