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.
Showcasing robust financial management and sustained economic recovery, Punjab Finance, Excise and Taxation Minister Advocate Harpal Singh Cheema on Thursday announced a significant 12.52% increase in net Goods and Services Tax (GST) collection up to March in the financial year 2025–26.
The meeting centred on a comprehensive review of the master list of complaints, marking a decisive step towards resolving pending cases and actively noting new concerns raised by the business community.
Punjab Finance Minister Advocate Harpal Singh Cheema on Sunday said the One-Time Settlement (OTS) Scheme for VAT arrears has witnessed an overwhelming response, with 7,845 applications covering dues of around ₹298.39 crore and ₹111.16 crore already recovered.
The minister said, “The Punjab government is deeply committed to ensuring a harassment-free and conducive business environment. This is precisely why we have extended the One-Time Policy, offering traders a golden opportunity to amicably settle their pre-GST arrears.”
State Finance Minister Cheema said that Chief Minister Bhagwant Mann led Punjab government has estimated a GST collection of Rs 20,550 crore in its maiden budget for the financial year 2022-23.
Shiromani Akali Dal (SAD) leader Bikram Singh Majithia said the party would file a complaint with the Chandigarh Police tomorrow seeking a thorough probe into the entire case.
Pointing out that Congress president Sonia Gandhi is facing an Enforcement Directorate probe, AAP leader and Punjab Finance Minister Harpal Singh Cheema said the Congress is afraid of uttering anything against the BJP to save her.
Accuses BJP of offering Rs 25 crore each to its 10 MLAs
Cheema highlighted that the Chief Minister Bhagwant Mann led Punjab Government has adopted a supportive approach towards honest taxpayers
