Chandigarh, Feb. 4 -- Punjab has recorded growth in GST collections in January 2026, reflecting improved compliance despite challenges from the Centre's GST 2.0 rate rationalisation, finance minister Harpal Singh Cheema said.

Cheema revealed that while the gross GST collection in January stood at Rs.2,452.6 crore, the net GST collection registered a year-on-year growth of Rs.315 crore, marking a 15.7% increase over January 2025. He added that the achievement is noteworthy as the state faced an estimated monthly revenue loss of around Rs.250 crore due to GST 2.0 rate reductions impacting key sectors - yarn, textiles, hosiery, pharmaceuticals, insurance, tyres, and cement.

"On a year-to-date basis (up to January 2026), net GST collections...