Punjab registers 63% jump in net GST collection: Harpal Singh Cheema

The net GST collection for November this year amounted to ₹2,477.37 crore, up from ₹1,520.55 crore in November 2023, marking an increase of ₹956.82 crore, Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said, adding that the total net GST collection up to November this fiscal is ₹15,392.79 crore, compared to ₹13,955.38 crore during the same period last fiscal, reflecting an increase of ₹1,437.41 crore.

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said on Sunday that the state witnessed 62.93% growth in net GST (goods and services tax) collection during November 2024 compared to the corresponding period last year.

Punjab finance, planning, excise and taxation minister Harpal Singh Cheema said the total net collection from VAT (value-added tax), CST (central sales tax), GST, PSDT (Punjab state development tax), and excise in November this year is ₹4,004.96 crore. (HT File)

Additionally, the total net GST collection up to November this financial year reflects an increase of 10.3% compared to the same period last fiscal, said Cheema in a statement.

The net GST collection for November this year amounted to ₹2,477.37 crore, up from ₹1,520.55 crore in November 2023, marking an increase of ₹956.82 crore, the minister said, adding that the total net GST collection up to November this fiscal is ₹15,392.79 crore, compared to ₹13,955.38 crore during the same period last fiscal, reflecting an increase of ₹1,437.41 crore.

The minister said the total net collection from VAT (value-added tax), CST (central sales tax), GST, PSDT (Punjab state development tax), and excise in November this year is ₹4,004.96 crore, while it was ₹3,026.86 crore in November 2023. The net collection up to November has increased by ₹2,509.09 crore, with the total amounting to ₹27,481.57 crore in FY 2024-25, compared to ₹24,972.48 crore in FY 2023-24.