Chandigarh, November 2
There is some relief for cash-strapped Punjab Government as the Goods and Services Tax (GST) collection in the state has seen a jump in the ongoing festive season.
The total GST collection, including the State Goods and Services Tax and Integrated Goods and Services Tax for October, saw a jump of Rs 131 crore over October 2019. This is the first time in this fiscal that a robust 14.1 per cent growth in tax collection has been witnessed.
The GST collection at the national level saw an increase of 10 per cent in October. Because of the slowdown, caused by restricted economic activity post the spread of Covid-19, the GST collection had fallen to just Rs 156.28 crore and Rs 514.03 crore in April and May, respectively. — TNS