Punjab's Major Drive: Taxation Department's Bold Move for GST Recovery
Punjab Finance Minister Harpal Singh Cheema announced a rigorous effort to ensure tax compliance and a supportive business environment. The state attached 136 properties worth over Rs 91 crore to recover pre-GST arrears. An OTS policy offers traders a chance to settle dues but warns against tax evasion.
- Country:
- India
Punjab's Finance Minister Harpal Singh Cheema affirmed the government's commitment to fostering a supportive business environment while ensuring stringent tax compliance.
The Taxation Department has taken significant measures by attaching 136 properties valued at Rs 91.10 crore to recover outstanding pre-GST arrears. A One-Time Settlement (OTS) policy has been introduced to aid traders in clearing legacy dues.
Cheema highlighted that the OTS scheme is a crucial opportunity for amicable arrears resolution. However, authorities will not tolerate willful tax evasion, and auctions of attached properties will proceed if defaulters ignore the initiative.
Advertisement
ALSO READ
-
Punjab's Anti-Narcotics Task Force Gets a Technological Boost
-
Punjab Paves Pathway for Sri Guru Ravidass Centre
-
Rahul Gandhi's Barnala Rally: A Prelude to Punjab's 2027 Elections
-
Controversy Erupts Over Bureaucrats' Presence at Punjab Anti-Drug Event
-
Punjab Strengthens Business Safety by Boosting Police-Trader Cooperation
Google News