Punjab sees 28 pc surge in October SGST cash revenue
Punjab has registered a 28.29 per cent increase in SGST cash collections during October, which is double the national average growth rate.
Punjab Finance Minister Harpal Singh Cheema said on Sunday that the state's State GST (SGST) cash collections grew by 28.29 per cent during October 2026. At the national level, this growth rate remained around 14 per cent.
According to the Finance Minister, the state exchequer received Rs 1,030.29 crore in SGST cash during October, while in the same month last year this amount was Rs 803.07 crore. This has fetched Punjab an additional revenue of Rs 227.22 crore.
During the current year, this is the second time when the monthly cash collection has crossed one thousand crore rupees. Earlier in April, approximately Rs 1,182 crore had been collected. This growth in the month of October has been witnessed for the first time since the implementation of the GST system in 2017.
During October, Punjab's total GST revenue was also recorded at Rs 2,716.60 crore with a 14 per cent increase, which was Rs 2,393.22 crore during the same period last year. Similarly, the amount collected from VAT and CST has reached Rs 763.49 crore with a 23.76 per cent surge.
In the current fiscal year from April to October, the state's total GST collection stood at Rs 18,047.68 crore, registering an increase of 16.39 per cent compared to the previous year. This is higher than the national level growth rate of nearly 15 per cent.
Harpal Singh Cheema stated that the Excise and Taxation Department has tightened surveillance to prevent tax evasion, fake billing, and e-way bill scams. The department has slapped a penalty of Rs 111.12 crore on violators in October. In the Ludhiana Balaji Transport fraud case, Rs 20 crore tax has been recovered and cases have been registered against four other transporters based on the investigation.
Key developments
- SGST cash collection rises by 28.29 pc to Rs 1,030.29 crore in October
- Total GST collection reaches Rs 2,716.60 crore with 14 pc growth
- Total GST revenue records 16.39 pc increase between April and October
- Excise and Taxation Department imposes penalty of Rs 111.12 crore in tax evasion cases