Punjab’s Impressive GST Growth in 2025
Punjab has recorded an 11.87% growth in net Goods and Services Tax (GST) collections up to January in the current fiscal year. Finance Minister Harpal Singh Cheema announced that this growth exceeds the national average of 10%, demonstrating the state’s strong economic performance.
The net GST collection in Punjab stood at ₹19,414.57 crore, up from ₹17,354.26 crore in the same period last year. This marks an increase of ₹2,060.31 crore. In January 2025 alone, Punjab registered a 9.73% rise, collecting ₹2,008.58 crore compared to ₹1,830.52 crore in January 2024.
Excise Revenue Sees a Significant Boost
Punjab’s excise revenue has also shown remarkable growth. The state collected ₹8,588.31 crore up to January 2025, reflecting an increase of ₹1,141.85 crore from last year’s ₹7,446.46 crore.
In January 2025, the state’s excise revenue rose by 15.91%. Collections reached ₹893.04 crore, compared to ₹770.45 crore in January 2024. This surge highlights Punjab’s efforts in improving tax administration and compliance.
Total Tax Collections Reach New Heights
The total tax revenue from net GST, excise, VAT, CST, and PSDT stood at ₹34,704.4 crore up to January 2025. This represents a growth of ₹3,625.46 crore over the previous fiscal year’s ₹31,078.94 crore.
January 2025 alone saw an overall tax collection increase of 12.48%. The state collected ₹3,545.09 crore, compared to ₹3,151.63 crore in January 2024. These numbers reinforce Punjab’s commitment to improving revenue generation through effective policies.
Effective Strategies Drive Revenue Growth
Finance Minister Harpal Singh Cheema attributed the rise in tax collections to the Excise and Taxation Department’s proactive initiatives. He emphasized that revenue increased without causing undue harassment to taxpayers.
The department has focused on closing loopholes and tightening checks on tax evasion. As a result, Punjab now ranks among the top three general category states exceeding the national GST growth rate.
Punjab’s Economic Outlook for the Future
Punjab’s success in tax revenue growth is a testament to its efficient financial management. By implementing strong tax policies and enforcement measures, the state continues to boost its fiscal health.
With such consistent efforts, Punjab sets an example for other states aiming to enhance their tax collections. This growth paves the way for greater economic stability and development in the region.
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