In a statement, Cheema said the net GST collection for November this year amounted to Rs 2,477.37 crore, up from Rs 1,520.55 crore in November 2023, showing an increase of Rs 956.82 crore.
He further said the total net GST collection up to November in this financial year stands at Rs 15,392.79 crore as compared to Rs 13,955.38 crore during the corresponding period of 2023-24, reflecting an increase of Rs 1,437.41 crore.
Cheema further said the total net collection from value-added tax, GST, excise and other taxes in November was Rs 4,004.96 crore.
The state finance minister also said there was a significant increase in the excise revenue, with a 6.42 per cent growth in November. The total excise collection for November this year is Rs 795.37 crore compared to Rs 747.37 crore in November 2023.
Cheema credited the growth in GST and excise collections to the state government’s efforts to improve tax compliance and enforcement.