Haryana Exceeds SGST Target For FY25, Records Highest Growth Among Major States

Chandigarh: Haryana’s excise and taxation department collected Rs 39,153 crore as State Goods and Services Tax (SGST) in 2024-25, exceeding the budget target of Rs 37,498 crore by Rs 1,655 crore. Excise and Taxation Commissioner Vinay Pratap Singh highlighted this exceptional performance, emphasizing Haryana’s position as a key contributor to the national economy.

Outstanding Growth in GST Revenue

For March 2025 alone, Haryana’s gross GST collection stood at Rs 10,648 crore, marking a 12 per cent year-on-year increase. This growth rate is significantly higher than the national average of 8.79 per cent, placing Haryana sixth among major states.

Over the entire fiscal year, Haryana’s total gross GST collection reached Rs 1,19,362 crore, reflecting a 16 per cent increase from FY24— the highest growth rate among all states, surpassing the national average of 10 per cent.

Haryana’s SGST collection, post-IGST settlement, amounted to Rs 39,743 crore, a 14 per cent rise compared to the previous fiscal year, while the national growth rate stood at 11 per cent. The pre-IGST SGST collection was Rs 23,285 crore, marking a 15 per cent growth from FY24 and the second-highest among major states.

Additionally, the state’s excise duty collections touched Rs 12,701 crore, surpassing the target of Rs 12,650 crore with a 12 per cent growth over the last fiscal. VAT and CST collections stood at Rs 11,517 crore, showing a 1.6 per cent increase from the previous year. (With PTI Inputs)