Pb:11.9% growth in tax collection

  • HT Correspondent, Hindustan Times
  • Updated: Dec 29, 2014 22:57 IST

The Punjab government achieved 11.9% growth rate in collection of taxes by the end of August 2014, the government claimed here on Monday.

According to the excise and taxation department, VAT (value-added tax) collection had increased by 11.9%, central taxes by 5.8%, entertainment tax by 8.8%, luxury tax by 18.4%, and the overall revenue from state excise had registered 12.5% growth.

The spokesperson added that the state collected Rs 7,318 crore as taxes from sales and trade, Rs 29 crore from entertainment and luxury tax and Rs 1,767 crore from state excise.

also read

Union cabinet approves closure of HMT tractor unit at Pinjore
Show comments