Punjab sees record GST collection, beats national average

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Harpal Singh Cheema said Punjab is among the apical 3 wide class states exceeding the nationalist GST maturation rate. Cheema said Punjab is among the apical 3 wide class states exceeding the nationalist GST maturation rate. (File Photo/Kamleshwar Singh)

Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema announced connected Sunday that the authorities has recorded an 11.87 per cent maturation successful nett Goods and Services Tax (GST) postulation up to January successful the existent fiscal year, surpassing the nationalist mean of 10 per cent. Punjab besides saw a 15.33 per cent emergence successful excise gross and an wide 11.67 per cent summation successful taxation collections from nett GST, excise, VAT, CST, and PSDT.

In a property communique, Cheema said Punjab is among the apical 3 wide class states exceeding the nationalist GST maturation rate. The state’s nett GST postulation up to January stood astatine Rs 19,414.57 crore, up from Rs 17,354.26 crore successful the aforesaid play of FY 2023-24, marking an summation of Rs 2,060.31 crore. In January 2025 alone, Punjab registered a 9.73 per cent maturation successful nett GST, collecting Rs 2,008.58 crore against Rs 1,830.52 crore successful January 2024.

On excise revenue, Cheema stated that Punjab collected Rs 8,588.31 crore up to January successful the existent fiscal year, compared to Rs 7,446.46 crore successful the aforesaid play past year, reflecting a maturation of Rs 1,141.85 crore. The state’s excise gross successful January 2025 grew by 15.91 per cent, with collections reaching Rs 893.04 crore compared to Rs 770.45 crore successful January 2024.

The full postulation from nett GST, excise, VAT, CST, and PSDT up to January 2025 stood astatine Rs 34,704.4 crore, registering a nett maturation of Rs 3,625.46 crore implicit the Rs 31,078.94 crore collected successful the aforesaid play past fiscal. The wide taxation postulation successful January 2025 roseate by 12.48 per cent, amounting to Rs 3,545.09 crore against Rs 3,151.63 crore successful January 2024.

Cheema credited the Excise and Taxation Department’s initiatives for expanding gross without causing harassment, attributing the maturation to plugging loopholes and tightening checks connected taxation evaders.

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