Punjab SGST cash collection grows 28 per cent in October
The state's tax growth was two-fold higher than the national growth of approximately 14 per cent, according to Finance Minister Harpal Singh Cheema.
Punjab recorded a 28.29 per cent growth in State Goods and Services Tax (SGST) cash collections in October 2026, according to the Hindustan Times. Finance Minister Harpal Singh Cheema said on Sunday that this growth was two-fold higher than the national growth of approximately 14 per cent.
The state collected Rs 1,030.29 crore in SGST cash during October, up from Rs 803.07 crore in October 2025. This represents an additional collection of Rs 227.22 crore. Cheema noted that this was the second time in 2026 that the state crossed the Rs 1,000-crore milestone, following a collection of approximately Rs 1,182 crore in April.
Gross GST collections in October reached Rs 2,716.60 crore, compared to Rs 2,393.22 crore in the same month last year. This was an increase of Rs 323.38 crore, or approximately 14 per cent.
For the April-October period, the state's gross GST revenue rose 16.39 per cent to Rs 18,047.68 crore, against Rs 15,505.66 crore during the same period last year. Cheema said the national cumulative gross GST growth was approximately 15 per cent during this time.
Combined collections under Value Added Tax (VAT) and Central Sales Tax (CST) increased by 23.76 per cent in October to reach Rs 763.49 crore. This was Rs 146.56 crore higher than the Rs 616.93 crore collected in 2025.