Punjab GST collection sees record 25% jump in May: Harpal Cheema

The state has registered a record 25.31 per cent growth in net GST collection for May 2025, as compared to the same month last year.

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This marks the highest-ever GST collection for May in the state’s history. The net GST revenue rose to Rs 2,006.31 crore in May 2025, up from Rs 1,601.14 crore in May 2024, showing an increase of Rs 405.17 crore.

In comparison, May 2024 had seen a growth of Rs 121 crore (8.17 per cent) over Rs 1,480 crore collected in May 2023. This year’s performance clearly indicated a robust and accelerating growth trend in the state’s fiscal health, sources claimed.

Announcing the figures on Sunday, Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema said the GST surge not only represented the highest year-on-year monthly growth in recent years, but also outpaced the national average GST growth, establishing Punjab among the top-performing states in tax mobilisation.

“We have curbed tax evasion, improved field-level enforcement and enabled a seamless taxation framework that supports businesses while safeguarding state revenue,” he added.

The fiscal milestone is particularly commendable given the challenges Punjab faced as a border state, including heightened India-Pakistan tensions and a war-like situation during the period. Despite these constraints, the state achieved a growth rate that more than tripled the corresponding growth of 8.17 per cent in May 2024, he said.