State collects Rs 15,683.59 crore in Net GST from April to October 2025
Despite widespread floods and rationalisation of tax rates under GST 2.0, State’s 21.5% growth far exceeds national average of 7%
Chandigarh, November 2
In a remarkable display of fiscal resilience and administrative efficiency, Punjab has recorded a 21.51 percent increase in Net GST collections up to October 2025, alongside a robust 14.46 percent growth for the month of October alone. Revealing this in a press communique issued here, Punjab Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema lauded the State’s performance despite widespread floods and the recent rationalisation of tax rates under GST 2.0.
Giving the details of the growth, the Finance Minister said that the state collected Rs 15,683.59 crore in Net GST from April to October 2025, compared to Rs 12,907.31 crore during the same period in the previous fiscal year (FY), with an impressive gain of Rs 2,776 crore. By contrast, the growth rate up to October 2024 in FY 2024-25was a modest 3.80 percent, he added.
The Finance Minister further revealed that the state’s Net GST collection for October 2025 stood at Rs 2,359.16 crore, marking a significant rise from Rs 2,061.23 crore in October 2024, registering Rs 298 crore increase that reflects the State’s continued economic momentum. He emphasised that this achievement comes in the wake of GST 2.0 reforms implemented in September 2025, which lowered several tax slabs.
“Despite these reduction in tax slab and facing severe floods, Punjab’s GST revenue surged, underscoring the success of enhanced compliance, anti-evasion initiatives, and digital monitoring mechanisms. State’s 21.5 percent growth far exceeds the national average of 7 percent, placing the State among the top performers in North India”, said Cheema.
He further added that post-settlement figures of SGST and IGST further affirm Punjab’s fiscal strength, with cumulative receipts growth up to October 2025, surpassing all neighbouring States except Haryana. This performance, the Finance Minister said, reflected the resilience of Punjab’s trade and industry, especially given that nearly half of the State’s districts were flood-affected during this period.
Finance Minister Harpal Singh Cheema attributed the results to the Excise & Taxation Department’s strategic focus on data analytics, digital integration, and rigorous field enforcement. He reiterated the Department’s commitment to facilitating compliance for honest taxpayers, cracking down on evasion, and driving Punjab’s economic revival through transparent and efficient tax governance.
