Punjab registers 22 % improve in personal tax income this April – Harpal Singh Cheema
CHANDIGARH: Punjab Finance, Planning, Excise and Taxation Minister Advocate Harpal Singh Cheema on Tuesday stated that the state has recorded a rise of twenty-two % in its personal tax income throughout April 2023 as in comparison with April 2022. He stated that as per the preliminary estimates, the state has collected Rs 3988.23 crore from its taxes in the course of the April 2023 towards Rs 3275.85 crore collected in April 2022.
Disclosing this in a press communique issued right here, Finance Minister Advocate Harpal Singh Cheema stated that there was a major improve within the income collected from Items and Companies Tax (GST), State Excise, and Stamps and Registration. He additional added that the overall tax assortment information is being evaluated by the Finance Division by the Built-in Monetary Administration System (IFMS) and there could also be a slight distinction within the ultimate information. that in this month,
Divulging additional, the Finance Minister stated that the very best improve of 483 crore rupees was seen in GST. The full GST income throughout April 2022 was Rs 1532 crore whereas this yr the determine stood at Rs 2015 crore. He stated that the excise income elevated by Rs 216.48 crore to Rs 781.12 crore this yr in comparison with Rs 564.64 crore in April 2022. He stated that the income collected from Stamps and Registration additionally elevated by Rs 85.95 crore to Rs 441.35 crore this yr as towards Rs 355.4 crore in April 2022.
Finance Minister Cheema stated that the Punjab Authorities led by Chief Minister Bhagwant Mann has been dedicated to extend the state income by bringing effectivity and transparency within the system. He stated that the Punjab Authorities has tightened the noose round tax evaders and the present improve in income has been earned with out placing any additional burden on any part of the society.