The GST revenue collected on receipt basis, that is cash collected under State Goods and Services Tax head, Central Goods and Services Tax head, Integrated Goods and Services Tax head and Cess head, during the month of July 2021 stands at Rs 1,533 crores which remained Rs 1,188 crores during July 2020.
The GST revenue, that is State Goods and Services Tax collected in cash and the credit of Integrated Goods and Services Tax, used to make payment of State Goods and Services Tax, transferred by the Centre, collected during the month of July 2021 is Rs 1455.85 crores which remained Rs 1103.31 crores during the month of July 2020. The GST revenue during the month of July 2021 is 31.95 percent higher than the GST revenue during the month of July 2020, which indicates that the pace of economic recovery has improved.
The GST revenue up to the month of July 2021 is 85.28 percent higher than the corresponding period in the previous year. Punjab is rigorously monitoring bogus billing and unscrupulous trade practices through effective enforcement. Use of advanced data analytics from multiple sources and sector wise study of modus operandi of in particular sectors is practised by the Taxation Department, Punjab,