Punjab's revenue from VAT, CST, GST crosses Rs 30,000 cr in Apr-Dec: Cheema

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Punjab's revenue from VAT, CST, GST crosses Rs 30,000 cr in Apr-Dec: Cheema - Business Standard

Quick Summary:

Punjab Finance Minister Harpal Singh Cheema on Thursday said the state has, for the first time, surpassed the Rs 30,000-crore mark in revenue collection as VAT, CST, GST, PSDT (state development tax), and excise in the first nine months of a fiscal year.

"In the current fiscal year, the total revenue received from these taxes up to December is Rs 31,156.31 crore, whereas in the fiscal year 2023-24, the total revenue collection from these taxes was Rs 27,927.31 crore," Cheema said in an official statement here.

Cheema said the state has also witnessed a significant increase in its net GST and excise revenue for December 2024 compared to December 2023.