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Goods and services tax

Punjab Registers 21.51% Increase in Net GST Collection, Exceeds National Average

Strategic Insights

— 1 min read

Punjab has demonstrated a remarkable growth in Goods and Services Tax (GST) collection, with a 21.51% increase up to October 2025, surpassing the national average. The state's finance minister, Harpal Singh Cheema, commended the strong fiscal performance, attributing it to enhanced compliance, anti-evasion initiatives, and digital monitoring mechanisms. The increase comes despite the challenges posed by severe floods and the implementation of GST 2.0 reforms, which lowered several tax slabs.

Key Takeaways:

  • Punjab's net GST collection up to October 2025 increased by 21.51% compared to the same period last year, reaching Rs.15,683.59 crore.
  • The state's GST collection for October 2025 alone grew by 14.46%, reaching Rs.2,359.16 crore, as compared to Rs.2,061.23 crore in October 2024.
  • Punjab's GST revenue growth rate of 21.5% is significantly higher than the national average of 7%, placing the state among the top performers in north India.
  • Despite the challenges posed by floods and the implementation of GST 2.0 reforms, Punjab's cumulative receipts up to October 2025 surpassed all neighboring states except Haryana.
  • The state's net GST collection from April to October 2025 has increased by Rs.2,776 crore compared to the same period last year.

Statistics:

  • Net GST collection up to October 2025 in Punjab: Rs.15,683.59 crore (21.51% increase).
  • Net GST collection for October 2025 in Punjab: Rs.2,359.16 crore (14.46% increase).
  • GST revenue growth rate in Punjab up to October 2025: 21.51%.
  • GST revenue growth rate in Punjab for the month of October alone: 14.46%.
  • Cumulative receipts of SGST and IGST up to October 2025 in Punjab: surpassed all neighboring states except Haryana.

Sources:

  • Punjab state finance, planning, excise and taxation minister, Harpal Singh Cheema, as reported by Hindustan Times.

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