Punjab finance minister Harpal Singh Cheema on Tuesday said the state government has recorded a growth of 28.2% in goods and services tax (GST) revenue during the first five months of the current fiscal year 2023-24 as compared to the last fiscal year.
Cheema said as against the total revenue of Rs.6,648.89 crore collected from GST during the April-August period of the financial year 2022-23, Rs.8,524.17 crore has been collected during the same period in the current fiscal year. “Additional revenue of Rs. 1875.28 crore has been collected from GST up to the month of August this fiscal year,” he said in a statement.
Giving details of the revenue collected by the taxation department from various sources, Cheema said the total revenue collected from GST, excise, VAT, CST and PSDT during the FY 2023-24 has registered an increase of 17.49% as compared to last fiscal year.
Read more at : Hindustan Times
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