The Goods and Service Tax (GST) collection has increased by 7 per cent in June this year, compared to the revenue in the same month last year, a spokesperson for the Excise and Department said here today.
He said that despite several relaxations provided in the filing of GST returns due to the pandemic situation, the GST collection in June 2021 stands at Rs 246 crore, compared to Rs 230 crore in June 2020.
The GST collection was expected to improve further in the coming months following increase in business activities, he said. The department was closely monitoring taxpayers through various enforcement activities.
Amidst a power crisis in the state, Pspcl has received an additional amount of Rs.309 crore from Punjab government during current paddy season to purchase power from the open market to mitigate the immediate surge in power demand due to continued dry spells in the state.
CMD of PSPCL, A Venu Prasad said that on 5th July, PSPCL supplied 3022 lac units of power to various consumers in the state touching a maximum demand of 13,162 MW.
He said that PSPCL has purchased 1080 MW of power from power exchange at the rate of Rs.3.98 per unit, adding that the power purchase has been made due to the failure of the second unit of Talwandi sabo thermal plant at Mansa. He also said that despite the generation loss, PSPCL has managed to meet the power requirement of domestic and agricultural consumers of the state.