In Punjab, tax officials have reported a strong jump in the state’s Goods and Services Tax (GST) revenue. From April to October, net GST collections climbed 21.5 percent, reaching ₹15,683.59 crore—₹2,776 crore more than the same period last year. Even with widespread floods across many districts, the state still hauled in ₹2,359.16 crore in October, up 14.4 percent from October 2024.
State Finance Minister Harpal Singh Cheema praised the result, pointing out that the numbers beat the national average of about seven percent. He said the growth shows how well Punjab’s compliance and anti‑evasion measures are working, especially after GST 2.0 last month eased several tax slabs.
“Despite lower tax rates and severe flooding, our GST revenue surged,” Cheema said. “Digital tools and strong field enforcement help us keep the revenue fast and accurate.” The minister added that Punjab’s performance makes it one of the top GST performers in northern India, trailing only Haryana.
Experts note that Punjab’s trade and industry remain resilient, thanks largely to the Excise and Taxation Department’s focus on data analytics, digital integration, and strict enforcement.
Overall, these results highlight the state’s fiscal strength and its ability to adapt amid challenges, positioning Punjab as a financial leader in the region.
Source: ianslive
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