Registers a growth of 10.30 percent in net GST upto November as compared to FY 2023-24
Punjab Newsline, Chandigarh, December 1
Punjab cabinet minister Harpal Singh Cheema announced on Sunday that the state has witnessed an impressive growth rate of 62.93 percent in net GST collection during November 2024 compared to November 2023. Additionally, the total net GST collection up to November this financial year reflects an increase of 10.30 percent compared to the same period of the financial year 2023-24.
Disclosing this in a press communique, Cheema revealed that the net GST collection for November this year amounted to 2,477.37CR, up from 1,520.55CR in November 2023, marking an increase of 956.82CR. He further said that the total net GST collection up to November in this financial year is 15,392.79CR, compared to ₹13,955.88 crore during the same period of FY 2023-24, reflecting an increase of 1,437.41CR.
Elaborating further, Minister Cheema highlighted that the total net collection from VAT, CST, GST, PSDT, and Excise in November this year is 4,004.96CR, while it was 3,026.86CR in November 2023. The net collection up to November has increased by ₹2,509.09 crore, with the total amounting to 27,481.57CR in FY 2024-25, compared to 24,972.48CR in FY 2023-24.
