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The Gross GST collection of the state has registered collections of ₹13,971 crore, a rise in the rate of 22.35%, during the first half of the financial year (April–September). It is an effective rise compared to ₹11,418 crore GST collected in the same period last year, Finance Minister Harpal Singh Cheema cited. “Over the first […]
The state witnessed a 62.93% growth in net GST (goods and services tax) collection during November 2024 compared to the related period last year, Punjab Finance, planning, excise, and taxation minister Harpal Singh Cheema mentioned. Cheema in a statement cited that the total net GST collection up to November this fiscal year shows an increase […]
Punjab’s Finance Minister, Harpal Cheema, announced on Saturday that the state has witnessed a 16.61 percent growth in gross Goods and Service Tax (GST) collection until November. Furthermore, the Excise revenue has demonstrated a remarkable growth of 11.45 percent in the initial eight months of the fiscal year 2023-24, surpassing the figures recorded during the […]
In the net Goods and Services Tax (GST) collection for June 2025, Punjab registered a record 44% year-on-year increase. For the first quarter of the 2025–26 fiscal year, a growth of 27.01% was recorded, Finance and Taxation Minister Harpal Singh Cheema stated. Cheema cited that the net GST collection for June 2025 has arrived at […]
Goa CM Pramod Sawant has been selected to conduct a special GOM that will concentrate on exploring the revenue generated from GST. This determination was made during the 55th GST Council meeting, which was held on 21st December, 2024 in Jaisalmer, Rajasthan. The GST council chose that the group ought to be reorganized to sufficiently […]
Punjab Finance Minister Harpal Singh Cheema articulated that the Excise and Taxation department has conducted targeted Goods and Service Tax (GST) registration drives to widen the GST base, consequence in the addition of 46,338 new taxpayers in 2023-24 and approximately 33,000 new taxpayers up to December 2024. To educate taxpayers on filing procedures, and compliance […]
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema said that the state had recorded an 11.87% increase in net Goods and Services Tax (GST) collection up to January in the existing fiscal year, exceeding the national average of 10 per cent. Punjab has reported a significant increase in its revenue, with excise taxes […]
The Punjab Textile Merchant Association has asked Punjab Finance Minister Harpal Singh Cheema to counter-urged amendments to the Goods and Services Tax (GST) on garments at the forthcoming 55th GST Council meeting. The association members in a letter to Cheema emphasized their concerns towards the surge in GST rates. The proposals comprise of raising the […]
In between an ongoing legal battle on the GST application for Joint Development Agreement (JDA) in the real estate sector, the GST Council is anticipated to look into the problems, as the Group of Ministers recommended, on September 9 2024. It is anticipated that a GoM is likely to meet this week. The key terms […]
