Punjab Among Top 3 GCSs that exceed GST National Growth Rate
Punjab Newsline, Chandigarh, February 2-
Punjab cabinet minister Harpal Singh Cheema announced on Sunday that the state has achieved an impressive 11.87 percent growth in net GST collection upto January in the current fiscal year, compared to FY 2023-24. This growth rate surpasses the national average of 10 percent. Additionally, Punjab has witnessed a net growth of 15.33 percent in excise and a total of 11.67 percent in taxes from net GST, Excise, VAT, CST, and PSDT in the current fiscal year.
In a press communique issued here, Cheema revealed that Punjab is among the top 3 GCS in the country that have exceeded the national growth rate in GST collection. The net GST collection up to January in the current fiscal year stood at Rs 19,414.57 crore, compared to Rs 17,354.26 crore collected during the same period in FY 2023-24, reflecting a growth of Rs 2,060.31 crore. The state registered a 9.73 percent growth in net GST during January 2025, with a collection of Rs 2,008.58 crore against Rs 1,830.52 crore collected in January 2024.