Tax collection

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

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

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…
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