CHANDIGARH: Punjab has recorded strong and broad-based growth in GST collections in January 2026, reflecting improved compliance, focused enforcement and sustained economic activity, even in the face of significant revenue challenges arising from GST 2.0 rate rationalisation by the Government of India.
Gross GST collection in the State during January 2026 stood at Rs. 2452.66 crore, whereas NET GST collection registering year-on-year growth of ₹315 crore at the rate of 15.7% over January 2025, revealed the Finance, Excise and Taxation Minister Harpal Singh Cheema.
This achievement is particularly noteworthy as Punjab faced an estimated monthly revenue loss of around Rs. 250 crores due to GST 2.0 rate reductions impacting key sectors such as yarn, textiles, hosiery, pharmaceuticals, insurance, tyres and cement. Despite this structural loss, the State not only compensated for the revenue impact but also delivered growth well above the national trend through sustained administrative and enforcement efforts.
Divulging more, the Minister said that on a year-to-date basis (up to January 2026), net GST collections have grown by 13.4%, with cumulative collections increasing from Rs. 19, 415 crores to Rs. 22, 014 crores. The Gross GST collections during the same period have also recorded a healthy growth of 13.0%, underscoring the resilience of Punjab’s tax base.