Finance minister Harpal Singh Cheema on Sunday said the state has recorded a financial boost in April, driven by a double-digit surge in both value added tax (VAT) and Punjab state development tax (PSDT) collections.
In a release, the minister said: “The state secured approximately ₹265 crore in combined supplementary revenue from these two sectors, an achievement driven entirely by enhanced monitoring mechanisms, stringent enforcement protocols, and a transparent tax administration framework.”
Cheema said the consistent upward trajectory in these tax domains highlights the government’s clear policy priorities.
“Our VAT collections have experienced a remarkable growth of 23.28% for the month of April 2026. This significant momentum has registered an absolute increase of approximately ₹230 crore for the state exchequer, demonstrating our sustained improvements in tax administration and compliance,” Cheema said.
“Alongside the strong performance in VAT, our PSDT collections have increased by 20.43% . This percentage translates directly into an increase of around ₹35 crore. These figures are a direct reflection of our improved monitoring and rigorous enforcement protocols within the sector,” Cheema said.