07-04-21 Daily-Punjab-PPSC Current Affairs

The revenue collection in Punjab has gone up by Rs 10,382.08 crore during the 2020-2021 fiscal, in comparison to the corresponding period of the previous financial year, due to efficacious measures undertaken by the State Government.

An official of the Chief Ministers Office said during 2020-21, the total revenue collection was Rs 42,918.34 crore against Rs 32,536.26 crore collected during the 2019-20 fiscal, reflecting a hike of 31.91%.

The collection from VAT and CST amounted to Rs 6,113.54 crore during 2020-21, while the previous years figures stood at Rs 5,408.12 crore, showing an increase of Rs 705.42 crore (13.04%).

Similarly during the last fiscal, the excise collection rose by Rs 1,068.35 crore to Rs 6,091.21 crore, an increase of 21.27%, against Rs 5,022.86 crore collected during the corresponding period of 2019-20 fiscal.

The GST collection and compensation cess stood at Rs 30,713.59 crore in the last fiscal, against Rs 22,105.28 crore in 2019-20, showing a surge of Rs 8,608.31 crore (38.94 %).