Photo Source: ANI
Haryana ranks 6th among major states in GST growth for March 2025
Haryana achieves significant milestone in GST collection, surpassing the National growth rate
Excise & Taxation Department, Haryana exceeds GST revenue target for FY 2024-25 by Rs 1,655 Crore
Babushahi Bureau
Chandigarh April 4, 2025: 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 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.
Vinay Pratap Singh emphasized that Haryana has delivered 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.
Haryana’s total Gross GST Collection for FY 2024-25 hits Rs 1,19,362 Crore
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%.
Haryana SGST Collection (Pre-IGST Settlement) sees 15% growth in FY 2024-25
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%.
After the IGST settlement, Haryana’s 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%.
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.
Haryana Excise and Taxation Department surpasses overall revenue target for FY 2024-25
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.
Haryana’s excise duty collection surpasses target with 12% growth
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%.
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.The collection under VAT and CST reached Rs 11,517 crore, reflecting a 1.6% increase over last year's collection.