CHANDIGARH: Despite being one of the key sources of tax revenue, the excise earnings have stagnated in Punjab, yielding low growth rates in recent years, much to the chagrin of the state government.
The state excise accounts for 19% of the total tax revenue while the contribution of state Goods and Service Tax (GST) is 43%. The other sources of income include 16% from sales tax/VAT, 8% from stamp duty and duties on electricity and 6% from taxes on vehicles.
