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.
The Supreme Court on Wednesday upheld the retrospective levy of 28 per cent GST on online gaming bets, holding that the tax was constitutionally valid and did not violate the constitutional framework governing Goods and Services Tax.
The gross GST collection spiked by 8.7 per cent in April to a record of about Rs 2.43 trillion, government data showed.
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.
The Delhi government moves to reset GST operations with large-scale transfers after inspection highlights discipline issues, long postings and complaints from taxpayers over delays and inefficiencies.
Accused allegedly issued fake GST invoices worth more than Rs 2,000 crore to various companies without supplying goods and availed input tax credit worth Rs 265 crore
The expenses of the government have defied gravity, revenues are southwards-bound, while the finance minister is committed to limiting its fiscal deficit to no higher than 3.3 per cent of the country’s gross domestic product.
The Parliament will meet for the Budget session from today till February 13 with the interim budget to be presented on February 1.
After the initial hiccups GST is touted as now settling to provide the comfort blanket for producers of goods and services as also consumers, after having been blamed for the economy’s slowdown along with demonetization.
He also sought granting a special package for disaster management of at least Rs 1,500 crore to build more cyclone shelters and improve early warning systems in the state.
