Chandigarh, October 5

Punjab Finance Minister Harpal Singh Cheema on Wednesday said the state’s BDH collection crossed the Rs 10,000 crore mark for the first time in the first six months of this fiscal.

The minister said that the state has recorded an annual growth of 22.6 percent in the collection of BDH so far in the current fiscal year.

He further said that in the first six months of the last financial year, the BDH collection was Rs 8,650 crore, while during the current year the state earned Rs 1,954 crore more, taking the total BDH collection to Rs 10,604 crore.

GST collection for September this year stood at Rs 1,710 crore compared to Rs 1,402 crore in September 2021, the minister said in a statement.

He also said that the Punjab government has estimated a total GST collection of Rs 20,550 crore for the financial year 2022-2023.

“The state has achieved more than 50 per cent in the first six months,” Chema said, adding that the state is expected to see a healthy growth in GST collection during the upcoming festival season.

The Punjab Goods and Services Tax (Amendment) Bill, 2022 was recently passed in the state assembly to close all the loopholes besides stopping fraudulent charges, which will not only benefit the traders but also increase the state’s own revenues, he pointed out.

#Harpal Cheema

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