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Record-breaking GST growth of 44.44% in June, 27% in 1st quarter: Cheema
YUGMARG NEWSPAPER
|July 02, 2025
Punjab has recorded a record breaking 44.44 percent growth in Net GST collections for June 2025 and a substantial 27.01 percent growth for the first quarter of Fiscal Year (FY) 2025-26, marking the highest-ever GST revenue growth in a fiscal quarter and for the month of June in the state's history.
Punjab Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema revealed this while addressing a press conference after facilitating the top five taxpayers of the state for their exemplary contribution to the state's economic growth and revenue generation, including Ashu Agnihotri from Ambuja Cement, Sanjay Malhotra from HPCL-Mittal Energy Limited (HMEL), Chaman Lal Sharma from Samsung India Pvt Ltd, Ankush Sharma from Tata Steel and Nitin Dada from Dada Motors. The Minister acknowledged their contributions and emphasized the importance of responsible tax practices in achieving inclusive development and fiscal sustainability. Finance Minister Cheema accompanied by Secretary Taxation Ajit Balaji Joshi and
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