Punjab registers 24.5% increase in revenue from GST during first 8 months of 2022-23

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Punjab Finance, Planning, Excise and Minister Harpal Singh Cheema on Thursday said that the states Taxation Department has improved its performance month-on-month as compared to the previous year during the first eight months of Chief Minister Bhagwant Mann led State Government.

The Goods and Services Tax (GST) collection has increased by 24.5 percent during the months of April

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to November as compared to the same period of 2021-22, he said.

Cheema said that the total revenue from GST during the first eight months of the fiscal year 2021-22 was Rs 9,612.6 crore, whereas in the current fiscal of 2022-23, total GST collection from April to November was Rs 11,967.76 crore recording an increase of Rs 2,355.6 crore.

Taxation Department has achieved these results by emphasizing on the use of technology rather than harassing honest taxpayers through general inspections, said Cheema.