Punjab’s GST mop-up rises 15% to over Rs.19K crore till Feb: Cheema
Finance, planning, excise and taxation minister Harpal Singh Cheema said the increase in revenue exhibits Punjab’s robust economic growth and success in revenue generation.
Punjab has registered 15.69% increase in Goods and Services Tax (GST) and 11.71% increase in excise revenue collection by the end of February in the current fiscal year as compared to FY 2022-23.
Finance, planning, excise and taxation minister Harpal Singh Cheema said the increase in revenue exhibits Punjab’s robust economic growth and success in revenue generation.
He said the state has seen a shift in its fiscal trajectory since the formation of the Aam Aadmi Party government in March 2022. Net GST collection up to February in the current fiscal year is Rs.19,222.5 crore against Rs.16,615.52 crore collected during the same period in FY 2022-23, registering an increase of Rs.2,606.98 crore.
He said the increase in revenue from excise also reflected an impressive growth of Rs.842.72 crore with a collection of Rs.8,093.59 crore as against Rs.7,244.87 crore collected during the same period in the last fiscal year.
