Rs 3683 Cr tax realised in 3 yrs

JAMMU: Minister of State for Finance, Ajay Nanda today informed the Legislative Assembly that the state Government has realized Rs 3683.57 crore tax from different sources during the past three years.
While replying to a Question of Rajesh Gupta, the Minister informed that an amount of Rs 1241.84 crore was generated in 2015-16, Rs 1369.79 crore in 2016-17, while Rs 1071.94 crore tax was realized during the current financial year (upto ending, 2017). He further informed that the Goods & Service Tax has been implemented in the state with effect from 8th of July, 2017 and its implementation is the most comprehensive indirect tax reform introduced in the country which has paved the way for subsuming multiple Central and State taxes.
Nanda further informed that the Toll tax has not been subsumed in GST and the Government is competent to levy Toll under J&K Levy of Toll Act, Samvat 1995 as per taxation powers derived from Section 5 of the Constitution of Jammu and Kashmir, hence charging toll tax is not any violation of GST norms. Moreover, the toll has not been abolished in any part of the country yet, the Minister added.