Saturday, December 3, 2022

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Punjab: Ludhiana Division leads in GST collection, Faridkot division in growth rate

New Delhi: Ludhiana division leads the state in GST collection in the first four months of the current financial year, by registering Rs 1714.35 crores worth of collection. Faridkot division has registered the highest growth rate with a 34  per cent increase as compared to the  2021-22.

Giving this  information here today, an official spokesperson of the Taxation department said that during the same period, Ropar Division with a collection of Rs. 981 crore and Ferozepur Division with a growth rate of 27 percent stood second in the state.

Revealing the data on the growth rate of GST collection recorded in the various divisions during the first four months of the current financial year, the spokesperson said that as compared to the same period of the previous financial year, Faridkot division has registered an increase of 34 per cent, Ferozepur division 27 percent, Jalandhar division 22 percent, Amritsar division 21 percent, Ludhiana division 20 percent, Patiala division 14 percent and Ropar division recorded negative growth rate of 1 percent.

Giving an account of the total amount of GST collected, the spokesperson said that Ludhiana has collected the highest amount of Rs 1714.35 crore, Ropar Rs 981 crore, Jalandhar Rs 680.84 crore, Faridkot division Rs 472.56 crore, Amritsar Rs 449.69 crore, Patiala Rs 348.26 crore and Ferozepur division collected Rs 203.31 crore during the first four months of the current financial year.

The spokesperson said that during the meeting of the Taxation department held last Monday, the Finance Minister Advocate Harpal Singh Cheema has expressed satisfaction over the performance of various divisions and directed officials to improve on it. He said that despite not getting  GST compensation from the  Centre, the Punjab government under the leadership of Chief Minister Bhagwant Mann is committed to making the state financially independent.

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