Punjab records 16% jump in GST collection: Cheema - Hindustan Times
close_game
close_game

Punjab records 16% jump in GST collection: Cheema

Dec 03, 2023 07:10 AM IST

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November

Chandigarh : Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November, and the revenue from excise recorded a growth of 11.45% during the first eight months of the current financial year against the same period last fiscal.

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November.
Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the state has achieved 16.61% jump in net goods and service tax (GST) collection up to November.

In a release issued here on Saturday, the minister said the net GST collection of the state registered an increase of 1987.62 crore during the current fiscal with a net revenue collection of 13955.38 crore against the collection of 11967.76 crore up to November in 2022-23.

Hindustan Times - your fastest source for breaking news! Read now.

He said the net revenue collection from VAT, CST, GST, PSDT and excise up to November reflected an increase of 13.89% in comparison to the net collection of 21921.46 crore from these resources during the same period in 2022-23.

Cheema said the state government has increased its own tax revenue by tightening the noose around evaders and facilitating the honest taxpayers through simplification of the tax regime.

He said the eight-month tax receipts of the state have touched the 25,000 crore figure for the first time since the implementation of GST with a net revenue collection of 24965.59 crore from VAT, CST, GST, PSDT and excise.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Thursday, February 29, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On