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.
Mr. 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.
He said, “The State Intelligence and Preventive Units (SIPUs) across Punjab delivered notable results by imposing penalties amounting to ₹182.69 crore and recovering ₹178.76 crore during May 2026 alone. These substantial recoveries were driven by extensive data analytics, intelligence-based investigations, targeted verification exercises, and well-coordinated field operations conducted across the State,” he said.
Published - June 02, 2026 01:00 am IST
Punjab / state politics / economy, business and finance / state budget and tax / taxes and duties
Source: The Hindu - India News
