Punjab sees 15.69pc increase in GST: Minister

Chandigarh: Punjab registered 15.69 per cent increase in Goods and Services Tax (GST) and a 11.71 per cent increase in excise revenue collection by the end of February in this fiscal compared to 2022-23, state’s Finance Minister Harpal Singh Cheema said on Sunday.

He said the state has seen a shift in its fiscal trajectory since the Chief Minister Bhagwant Singh Mann-led government took office in March 2022. The net GST collection up to February in the current fiscal year is Rs 19,222.5 crore against Rs 16,615.52 crore during the same period in 2022-23, registering an increase of Rs 2,606.98 crore.

He said that the increase in revenue from excise also reflected a growth of Rs 842.72 crore with a collection of Rs 8,093.59 crore as against Rs 7,244.87 crore during the same period in the last fiscal year.

“With better planning and implementation, the state has recorded net tax revenue growth of 13.85 per cent, surpassing Rs 34,158 crore in revenue from VAT, CST, GST, PSDT, and excise by the end of February,” he added.

IANS

Mahindra unveils new nine-seater Bolero Neo+ starting at Rs 11.39 lakh

New Delhi: Leading SUV manufacturer Mahindra & Mahindra on Tuesday unveiled the 9-seater 'Bolero Neo+' in two variants -- the P4 and the P10, at a starting price of Rs...

Gold prices firm up amid rising Iran-Israel tensions

New Delhi: Gold prices recorded an increase on the Multi Commodity Exchange (MCX) on Tuesday as escalating tensions between Iran and Israel have driven up the demand for the safe-haven...

New X users will need to pay for posting: Elon Musk

New Delhi: In a dampener for new X users, Elon Musk has announced they may be charged for posting content on the social platform. In reply to an X user,...

Sensex plunges 793 points amid worries over delayed US rate cuts

Mumbai: The BSE Sensex plunged almost 800 points on Friday amid heavy selling in frontline stocks. While the Sensex closed 793 points, or 1.06 per cent, down at 74,244.90, the...

Musk confirms India visit, to meet PM Modi

New Delhi: Tesla and SpaceX CEO Elon Musk has confirmed his visit to India, saying that he is looking forward to meeting Prime Minister Narendra Modi in the country. "Looking...

India records 17 pc jump to become 4th largest exporter of digital services: WTO report

New Delhi: India registered a 17 per cent jump in the export of digitally delivered services to a staggering $257 billion to become the world's fourth-largest exporter in the segment,...

300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals

New Delhi: The strength of the Indian economy, which has emerged as the fastest growing in the world, is being amply reflected in the stock markets with the BSE clocking...

Tesla’s entry in India a natural progression: Elon Musk

New Delhi: The entry of Tesla in India, as the company scouts for factory land, will be a natural progression, its CEO Elon Musk has said, as the country gears...

Ola to shut global operations, to focus on Indian market

New Delhi: Ride-hailing company Ola on Tuesday said it has decided to shut down all of its existing global markets, namely the UK, Australia and New Zealand amid rising competition....

Led by gains in auto stocks, Nifty soars to fresh record high

Mumbai: The Nifty started a fresh week by climbing to a new record high and closing level on Monday led by gains in automobile stocks, said Deepak Jasani, Head of...

Apple ecosystem building workers’ homes another milestone in PM Modi’s PLI scheme: Minister

New Delhi: Union minister and Thiruvananthapuram BJP candidate, Rajeev Chandrasekhar, on Monday, said that it is due to the visionary production-linked incentive (PLI) scheme of Prime Minister Narendra Modi that...

Wage talks break down at Samsung, labour unions vote for strike

Seoul: Unionised workers at tech giant Samsung have voted in favour of a strike after failing to reach a deal on wage hikes with management, industry sources said on Monday....

Read Previous

12 states in next 10 days: PM Modi’s gruelling schedule shows BJP in ‘Mission 370’ mode

Read Next

Dubai-based  Entrepreneur from Aligarh establishes the first Centre of Skill Development Academy in India

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com