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Punjab records 14.59% growth in GST collections in May

Reaffirming Punjab’s strong fiscal performance, Finance, Excise and Taxation Minister Advocate Harpal Singh Cheema announced on Monday that the state recorded a robust 14.59 per cent growth in Goods and Services Tax (GST) collections during May 2026.

EY-FICCI Report Calls for GST Reduction to 9% for Premium Stays

The report also identifies key structural challenges constraining India's global competitiveness — fragmented state-led branding, limited global marketing outreach, lack of experience-led packaging, and ease-of-travel barriers including connectivity and visa processes.

Gloom in the numbers

At another level, puncturing a hole in the government’s claims of having added 10.6 million new taxpayers in the financial year 2016-17, some 25 per cent more than the previous year, the income-tax department now talks of the surge in “stop filers”, people earlier paying income tax but not doing so now.