India, May 5 -- justify;">Punjab has recorded its highest-ever monthly Goods and Services Tax (GST) collection since the rollout of the indirect tax regime, with the state also emerging as the fastest-growing in GST revenue terms, according to officials.

Finance Minister Harpal Singh Cheema said the state reported a gross GST collection of Rs.2,987.38 crore in April, while net collections stood at 2,725.08 crore. The figures mark a year-on-year growth of 70.7% in net GST revenue, amounting to an increase of over Rs.1,100 crore compared to April last year.

Officials said Punjab also recorded a 66% rise in post-settlement GST collections, placing it ahead of other states and above the national average growth rate.

However, the minister n...