Haryana Achieves Record SGST Growth, Exceeds National Rate
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Synopsis
Haryana has made significant strides in SGST collection, outpacing the national growth rate and setting a new record for the fiscal year 2024-25, as highlighted by Excise and Taxation Commissioner Vinay Pratap Singh.
Key Takeaways
- Haryana's SGST collection for 2024-25 exceeds Rs 39,153 crore.
- 12% increase in Gross GST collection for March 2025.
- Total Gross GST collection for 2024-25 reaches Rs 119,362 crore.
- Haryana's SGST collection post-IGST settlement totals Rs 39,743 crore.
- State demonstrates strong commitment to tax administration.
Chandigarh, April 4 (NationPress) Haryana has achieved a remarkable milestone in its collection of State Goods and Services Tax (SGST), surpassing the national growth rate and establishing a new record for the fiscal year 2024-25, as stated by Excise and Taxation Commissioner Vinay Pratap Singh on Friday.
He noted that the Excise and Taxation Department has collected Rs 39,153 crore against a budget target of Rs 37,498 crore for SGST in 2024-25, exceeding the goal by Rs 1,655 crore. This achievement is significant as it illustrates the state's ability to surpass its SGST revenue target for the fiscal year.
Singh highlighted that Haryana has demonstrated exceptional performance in GST collections, outpacing national growth averages and setting remarkable records for 2024-25. The state’s achievements reflect its robust economic growth and effective tax administration.
As for the total Gross GST collection for March 2025, it stands at Rs 10,648 crore, showcasing a 12 per cent increase compared to March 2024. The national average growth rate for March 2025 is 8.79 per cent, placing Haryana as the sixth highest in growth percentage among major states.
Moreover, for the entire financial year 2024-25, Haryana’s total Gross GST collection reached Rs 119,362 crore, marking an impressive 16 per cent growth over the fiscal year 2023-24. This represents the highest growth rate among all states, exceeding the national average of 10 per cent. Additionally, the state’s SGST collection (pre-IGST settlement) for 2024-25 is Rs 23,285 crore, showing a 15 per cent increase over 2023-24, which is the second-highest growth rate among major states, while the national average growth rate remains at 10 per cent.
Following the IGST settlement, Haryana’s SGST collection for 2024-25 totaled Rs 39,743 crore, indicating a 14 per cent increase over the previous fiscal year, with the national growth average in this category at 11 per cent.
Pratap stated that this remarkable performance underscores Haryana's unwavering commitment to effective tax administration and fiscal management, further cementing its role as a vital contributor to the national economy.
