Chandigarh, Feb. 3 -- Punjab has recorded a remarkable 11.87 percent growth in Goods and Services Tax (GST) collections for the financial year 2024-25, outpacing the national average of 10 percent. This achievement positions Punjab among the top three general category states (GCS) in the country to exceed the national growth rate, signaling a significant step toward fiscal self-sufficiency.
The state's Finance, Planning, Excise, and Taxation Minister Harpal Singh Cheema on Sunday unveiled the impressive growth figures, highlighting the state's fiscal achievements. Up to January 2025, Punjab's net GST collection stood at Rs 19,414.57 crore, compared to Rs 17,354.26 crore during the same period last year. This represents an increase of Rs 2,...