Haryana excels with remarkable surge in GST collection

The Finance Department commended the Haryana Excise and Taxation Department for the substantial increase in Goods and Services Tax (GST) collections. While India’s overall GST revenue for December 2023 reached Rs 1,64,822 crore, marking a 10.3% year-on-year increase, Haryana’s performance exceeded the national average. The state’s gross GST collection for December 2023 amounted to Rs 8,130 crore, a notable 22% surge compared to Rs 6,678 crore in December 2022. This robust growth significantly outpaces the national average, showcasing the effectiveness of Haryana’s economic policies and tax administration. Notably, neighboring states also experienced positive growth: Himachal Pradesh (5%), Punjab (8%), Delhi (16%), and Jammu and Kashmir (20%).

Chief Minister Manohar Lal emphasized the Excise and Taxation Department’s stellar performance in December, highlighting its role in bolstering the state’s economic stability. He further stated that the surge in GST collection not only reflects Haryana’s economic advancement but also signifies promising prospects for its overall development. He expressed optimism for sustained growth, aiming to elevate Haryana’s economic and financial stature.

Additionally, the Excise and Taxation Department commendably achieved 80% of the total budget target for the fiscal year 2023-24 within the initial three quarters, underscoring its efficiency. With a total budget estimate of Rs 57,931 crore for the year, the department had garnered Rs 46,349 crore by December 31, 2023, across various categories. It’s worth noting that Haryana consistently ranks among the top five states in GST collections and exhibited the highest growth rate among major states in November 2023.