Chandigarh, March 2, Desh Click News
Punjab Finance, Excise and Taxation Minister Advocate Harpal Singh Cheema on Sunday proudly announced that since coming to power in March 2022, the AAP-led Punjab Government has implemented transformative changes with unwavering honesty and transparency, resulting in a consistent increase in its tax revenue year after year. He highlighted that this fiscal year’s net collection from GST, Excise, VAT, CST, and PSDT upto February reflected a growth rate of 12.10 percent compared to the same period of FY 2023-24, with an impressive 28.01 percent growth in net GST collection during February 2025.
Revealing this in a press communique issued here, Finance Minister Harpal Singh Cheema said that this fiscal year has seen a continuation of the previous years’ trend, with a notable 13.39 percent growth rate in net GST, 14.43 percent in Excise, 5.10 percent in VAT, 17.03 percent in CST, and 13.65 percent in PSDT upto February compared to the same period in FY 2023-24. He said that the total net collection from these taxes upto February this fiscal year is Rs 38272.66 crore as compared to Rs 34141.36 crore during last fiscal year registering an increase of Rs 4131.30 crore.
Published on: March 2, 2025 8:58 pm
