Punjab recorded a growth of 14.59% in GST in May 2026, says Cheema
Key points
- Punjab Finance Minister Harpal Singh Cheema on Monday (June 1, 2026) said that the State has recorded a growth of 14.59% in Goods and Services Tax (GST) collections during May 2026. “The Gross GST Collection for the month reached ₹2,400.52 crore, marking a significant increase of ₹305.71 crore compared to the ₹2,094.81 crore collected during May 2025,” he said in a statement.
- “This impressive surge reflects sustained economic activity, improved tax compliance, and the effective execution of enforcement measures by the Excise and Taxation Department,” he said.
- Cheema said that Punjab’s GST performance compares exceptionally well with national trends, vastly outperforming the country’s gross GST revenue growth of approximately 3.2% over the corresponding month of the previous year.
- “While Punjab’s cash collection growth stood at 6.57%, the State’s gross GST collection growth reached a much higher 14.59%, demonstrating a strengthening State revenue base, enhanced compliance levels, and highly effective tax...
Quick Summary
Punjab Finance Minister Harpal Singh Cheema on Monday (June 1, 2026) said that the State has recorded a growth of 14.59% in Goods and Services
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Punjab recorded a growth of 14.59% in GST in May 2026, says.
Key Takeaways
- Punjab Finance Minister Harpal Singh Cheema on Monday (June 1, 2026) said that the State has recorded a growth of 14.59% in Goods and Services Tax (GST) collections during May 2026.
- “The Gross GST Collection for the month reached ₹2,400.52 crore, marking a significant increase of ₹305.71 crore compared to the ₹2,094.81 crore collected during May 2025,” he said in a statement.
- “This impressive surge reflects sustained economic activity, improved tax compliance, and the effective execution of enforcement measures by the Excise and Taxation Department,” he said.
- Cheema said that Punjab’s GST performance compares exceptionally well with national trends, vastly outperforming the country’s gross GST revenue growth of approximately 3.2% over the corresponding month of the previous year.
- “While Punjab’s cash collection growth stood at 6.57%, the State’s gross GST collection growth reached a much higher 14.59%, demonstrating a strengthening State revenue base, enhanced compliance levels, and highly effective tax administration measures,” he added.
📌 Source: The Hindu
The BriefWire