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Chandigarh, Aug 1 (PTI) Punjab Finance Minister Harpal Singh Cheema on Monday said that the state’s Goods and Services Tax (GST) collection grew by 24.15 per cent year-on-year in the first four months of the current fiscal. While addressing the media here, Cheema said, “In the four months from April to July, there was an increase of 24.15 per cent in the GST collection in the state.” Sharing the details, Cheema said that from April to July, the state’s GST collection stood at Rs 7,243 crore as compared to the same period of last financial year.
Addressing the media here, Cheema said, “In the four months from April to July, the GST collection in the state increased by 24.15 per cent.”
Sharing the details, Cheema said the state’s GST collection from April to July stood at Rs 7,243 crore as against Rs 5,834 crore in the corresponding period of the previous fiscal.
Regarding outstanding loans, Cheema said that the state government has repaid Rs 10,366 crore loan including interest in these four months.
However, he said the government has borrowed Rs 8,100 crore from April to July.
The minister also said that the state government has given financial assistance of Rs 525 crore to Punjab State Cooperative Agriculture Bank to tide over the crisis.
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