Chandigarh April 4: Haryana has reached a significant milestone in SGST (State Goods and Services Tax) collection, outperforming the national growth rate and setting impressive records in the financial year 2024-25.<\/p>\n\n\n\n
While sharing the details, Excise and Taxation Commissioner Sh. Vinay Pratap Singh stated that, against the budget target of Rs 37,498 crore for SGST in the financial year 2024-25, the Excise and Taxation Department has collected Rs 39,153 crore, exceeding the target by Rs 1,655 crore. This accomplishment marks a significant achievement, as the state has surpassed its SGST revenue target for the fiscal year.<\/p>\n\n\n\n
Sh. Vinay Pratap Singh emphasized that Haryana has delievered exceptional performance in GST collections, surpassing national growth averages and setting significant records for financial year 2024-25. The state’s achievements are a testament to its strong economic growth and efficient tax administration.<\/p>\n\n\n\n
Haryana\u2019s total Gross GST Collection for FY 2024-25 hits Rs 1,19,362 Crore<\/strong><\/p>\n\n\n\n He highlighted that Haryana’s total Gross GST collection for March 2025 stands at Rs 10,648 crore, reflecting a 12% increase compared to March 2024. The national average growth rate for March 2025 is 8.79%, placing Haryana 6th highest in growth percentage among major states. Additionally, for the entire financial year 2024-25, Haryana’s total Gross GST collection amounts to Rs 1,19,362 crore, marking a remarkable 16% growth over financial year 2023-24. This is the highest growth rate among all states, exceeding the national average of 10%.<\/p>\n\n\n\n Haryana SGST Collection (Pre-IGST Settlement) sees 15% growth in FY 2024-25<\/strong><\/p>\n\n\n\n Furthermore, Haryana’s SGST collection (pre-IGST settlement) for financial year 2024-25 stands at Rs 23,285 crore, reflecting a 15% increase over financial year 2023-24. This represents the second highest growth rate among major states, while the national average growth rate is 10%.<\/p>\n\n\n\n After the IGST settlement, Haryana\u2019s SGST collection for financial year 2024-25 totals Rs 39,743 crore, which is 14% higher than the previous fiscal year. The national growth average in this category stands at 11%.<\/p>\n\n\n\n He said that this outstanding performance demonstrates Haryana’s continued commitment to effective tax administration and fiscal management, further solidifying its position as a key contributor to the national economy.<\/p>\n\n\n\n Haryana Excise and Taxation Department surpasses overall revenue target for FY 2024-25<\/strong><\/p>\n\n\n\n Sh Vinay Pratap Singh said that the Haryana Excise and Taxation Department has exceeded its budget target for the financial year 2024-25, achieving remarkable results in various tax collections. For the financial year 2024-25, the State Government had allocated a budget target of Rs 61,950 crore for the Excise and Taxation Department. The Department has successfully made a net collection of Rs 63,371 crore, achieving 102.3% of the allocated target.<\/p>\n\n\n\n Haryana\u2019s excise duty collection surpasses target with 12% growth<\/strong><\/p>\n\n\n\n He said that the collection under SGST amounted to Rs 39,153 crore, surpassing the target of Rs 37,500 crore and exceeding last year’s collection (excluding cess) by 13.77%.<\/p>\n\n\n\n The collection under Excise Duty amounted to Rs 12,701 crore, exceeding the budget target of Rs 12,650 crore, and showing a growth of 12% over last year’s collection.<\/p>\n\n\n\n The collection under VAT and CST reached Rs 11,517 crore, reflecting a 1.6% increase over last year’s collection.<\/p>\n","protected":false},"excerpt":{"rendered":" Chandigarh April 4: Haryana has reached a significant milestone in SGST (State Goods and Services Tax) collection, outperforming the national growth rate and setting impressive records in the financial year 2024-25. While sharing the details, Excise and Taxation Commissioner Sh. Vinay Pratap Singh stated that, against the budget target of Rs 37,498 crore for SGST […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false,"jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[92],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"\n