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Tag: Punjab GST revenue

GST in Media

Punjab’s GST mop-up rises 15% to over Rs.19K crore till Feb: Cheema

byAdmin05/03/202405/03/2024

Finance, planning, excise and taxation minister Harpal Singh Cheema said the increase in revenue exhibits Punjab’s robust economic growth and success in revenue generation. Punjab has registered 15.69% increase in Goods and Services Tax (GST) and 11.71% increase in excise…

GST in Media

Punjab registers 22% jump in tax revenue

byAdmin24/02/202424/02/2024

Punjab registered a 22% year-on-year jump in tax revenue in first 10 months of the financial year 2023-24 due to robust demand and stricter compliance. The tax revenue stood at Rs.53,617 crore in the April-January period, up from Rs.44,175 crore in the…

GST in Media

Punjab tax revenue from GST, excise and VAT in the 10 months of fiscal year 2023-24 crossed the figure of Rs.30,000 crore

byAdmin08/02/202408/02/2024

Finance minister Harpal Singh Cheema on Tuesday said that the economy of Punjab has been moving in the right direction as the tax revenue from Goods and Services Tax (GST), excise and value added tax (VAT) in the 10 months…

GST in Media

Punjab witnesses net 16.52 pc growth in GST and 10.4 pc growth in Excise up to December in current FY

byAdmin04/01/202404/01/2024

Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema on Wednesday said that the state has witnessed a net 16.52 percent growth rate in revenue from Goods and Services Tax (GST) and a 10.4 percent increase in revenue…

GST in Media

Punjab sees 16.61% increase in net GST: Punjab FM

byAdmin05/12/202305/12/2023

Punjab Finance Minister Harpal Cheema on Saturday said the state has achieved 16.61 per cent increase in net Goods and Service Tax (GST) collection up to November, and the revenue from Excise recorded a growth rate of 11.45 per cent…

GST in Media

To keep tab on tax collection, Punjab launches State Intelligence-Preventive Unit, GST Prime

byAdmin15/04/202315/04/2023

Punjab Finance Minister Harpal Singh Cheema on April 13 launched the State Intelligence and Preventive Unit (SIPU), and Goods and Services Tax (GST) Prime, an analytical tool for State GST officers to analyse and monitor tax collection and compliance, in…

GST in Media

Revenue collections under most heads dip in Dec, GST a face-saver for Punjab

byAdmin04/01/202304/01/2023

The Punjab government’s revenue collection under all heads, with the exception of GST, saw a dip in December last year when compared to the same period in 2021, leading to concerns among some circles about the state’s financial health. An…

GST in Media

Punjab GST revenue rises 24.5% in first 8 months of FY23: FM Harpal Singh Cheema

byAdmin31/12/202231/12/2022

Punjab Finance Minister Harpal Singh Cheema on Thursday said Goods and Services Tax (GST) collection has increased by 24.5 per cent year-on-year to Rs 11,967.76 crore in April-November this fiscal. Cheema said the total revenue from GST during the first…

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