Punjab recorded 32% GST growth in July: Finance minister Harpal Singh Cheema
Chandigarh: Punjab finance minister Harpal Singh Cheema on Friday claimed that the state had achieved record tax revenue growth, with the goods and services tax (GST) collection registering a net growth of 32.08% in July 2025 compared to the corresponding period last year.
"This robust performance is part of the state's consistent trend of setting record-breaking growth in tax revenue year-on-year and month-on-month for the last three and a half years," said Cheema. The minister elaborated that the net GST revenue collected in July this year was Rs 2357.78 crore, a substantial increase of Rs 572.71 crore compared to the Rs 1785.07 crore collected in July 2024.
"The state's impressive growth trajectory is also evident in the year-to-date figures. Up to July of the current financial year, net GST revenue reached Rs 9,188.18 crore, marking an increase of Rs 2025.36 crore over the Rs 7,162.82 crore collected during the same period in the FY 2024-25," he said.
Cheema further the State Investigation and Preventive Unit (SIPU) of the state taxation department recovered Rs 156.40 crore in penalties during the first quarter of FY 2025-26. The breakdown includes Rs 57.43 crore from road checks and Rs 98.97 crore from inspections and verifications.
Furthermore, SIPU uncovered two significant GST fraud cases, involving Rs 2,620.80 crore in fake transactions and estimated tax evasion of Rs 296.32 crore, Cheema informed.
The department's intensified enforcement efforts are underscored by the registration of two FIRs in June 2025 for scams surpassing this amount, he said.
