GST revenue rises 24.5% during first 8 months of FY 23 in Punjab



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Punjab has seen a significant 24.5% increase in Goods and Services Tax (GST) revenue during the first eight months of the current fiscal year (April-November 2022-23) compared to the previous year. The state collected ₹11,967.76 crore, an increase of ₹2,355.6 crore over last year's ₹9,612.6 crore. To further enhance tax collection and analysis, the state plans to utilise the GST Prime data analysis tool and has established a new Tax Intelligence Unit.

Punjab finance and taxation minister Harpal Singh Cheema on Thursday said the taxation department has improved its performance month-on-month as compared to last year during the first eight months of the Bhagwant Mann-led Aam Aadmi Party government Finance and taxation minister Harpal Singh Cheema on Thursday said the taxation department has improved its performance month-on-month as compared to last year during the first eight months of the Bhagwant Mann-led Aam Aadmi Party (AAP) government.
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FAQ :

Punjab's GST revenue has increased by 24.5% during the first eight months of the fiscal year 2022-23.

The GST collection in Punjab during April-November 2022-23 was ₹11,967.76 crore.

This year's collection of ₹11,967.76 crore is an increase of ₹2,355.6 crore compared to ₹9,612.6 crore collected during the same period in 2021-22.

The state government will use GST Prime, a data analysis tool from the National Informatics Commission, and has established a new Tax Intelligence Unit (TIU).

A bilingual WhatsApp Chatbot-cum-helpline number has been launched to address taxpayers' queries and issues regarding GST.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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