FY 2024-25; Punjab achieves 11.87 pc growth in GST higher than national average of 10 pc: Harpal Singh Cheema
Chandigarh, February 2
Punjab Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema announced on Sunday that the state has achieved an impressive 11.87 percent growth in net Goods and Services Tax (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, Finance Minister Harpal Singh Cheema revealed that Punjab is among the top 3 general category states (GCS) in the country that have exceeded the national growth rate in GST collection. The net GST collection up t...