Punjab’s Goods and Services Tax (GST) revenue jumped 21.51 per cent in the first seven months of the current fiscal year, reaching ₹15,683.59 crore between April and October 2025, Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema announced on Sunday.
Cheema commended the achievement, noting that it came despite the twin challenges of devastating floods and the implementation of GST 2.0, which included a rationalisation of several tax rates.
According to official data, the state’s net GST collection rose from ₹12,907.31 crore in the same period last year — a gain of nearly ₹2,776 crore. In comparison, the growth recorded up to October 2024 was only 3.8 per cent.
For the month of October 2025 alone, Punjab collected ₹2,359.16 crore in net GST, compared to ₹2,061.23 crore in October 2024 — an increase of ₹298 crore, reflecting continued economic momentum.
“This performance demonstrates the success of our enhanced compliance strategy, anti-evasion drives, and digital monitoring systems,” Cheema said. He highlighted that the 21.5 per cent growth in Punjab’s GST revenue far outpaced the national average of 7 per cent, positioning the state among the top performers in northern India.
The minister added that post-settlement figures of SGST and IGST reaffirm Punjab’s fiscal resilience, with cumulative receipts up to October 2025 surpassing those of most neighbouring states, except Haryana.
He also credited the Excise and Taxation Department for leveraging data analytics, digital integration, and robust field enforcement to strengthen revenue performance.
“Despite the floods affecting nearly half of Punjab’s districts, trade and industry have shown remarkable resilience,” Cheema said. He reiterated the government’s commitment to supporting honest taxpayers, curbing evasion, and ensuring transparent, technology-driven tax administration.
(PTI)
