Revenue growth Archives - National Times

Chandigarh (Gurpreet Singh): Reaffirming Punjab’s path of strong fiscal performance, Finance, Excise and Taxation Minister Advocate Harpal Singh Cheema announced on Monday that the state has recorded a robust growth of 14.59 percent in Goods and Services Tax (GST) collections during May 2026. Finance Minister Cheema said, "The Gross GST Collection for the month reached ₹2,400.52 crore, marking a significant increase of ₹305.71 crore compared to the ₹2,094.81 crore collected during May 2025". The Finance Minister emphasised that this impressive surge reflects sustained economic activity, improved tax compliance, and the effective execution of enforcement measures by the Excise and Taxation…

Chandigarh (Gurpreet Singh): Highlighting a major milestone in the state's revenue generation, Punjab Finance, Excise and Taxation Minister Harpal Singh Cheema on Sunday announced that the state has recorded a significant financial boost for April 2026, driven by an impressive double-digit surge in both Value Added Tax (VAT) and Punjab State Development Tax (PSDT) collections. The Finance Minister said, "The state successfully secured approximately ₹265 crore in combined supplementary revenue from these two sectors, an achievement driven entirely by enhanced monitoring mechanisms, stringent enforcement protocols, and a transparent tax administration framework." Sharing the comprehensive details of this financial success, Finance…

Revenue growth

Punjab Outpaces National Average with 14.59% GST Growth in May 2026

Punjab Government Sees Strong Revenue Growth as VAT and Development Tax Collections Surge