Giving a much-needed relief to trade and in the state, the Punjab Government has exempted around 40,000 statutory form related outstanding cases under Central Sales Tax / Value Added Tax (VAT), out of over 48,000 cases related to each of the financial years 2014-15, 2015-16 and 2016-17. Notably, Punjab Chief Minister Charanjit Singh Channi had announced the decision at the Progressive Punjab Investors Summit in Ludhiana.
The State Government is fully committed to create a conductive ecosystem for Ease of Doing Business in the state. The fullsome support to trade and industry will help the Punjab to emerge as the front runner state across the country. This industry-friendly initiative would go a long way to instil confidence and boost morale to invest in the state.