By Tricitynews Reporter
Chandigarh, Oct.28, 2021:- Assuring of best air connectivity to
boost economic activity in the region, Channi announced to lay the foundation
stone of the upcoming greenfield airport at Halwara (Ludhiana) on November 15
Chief minister Charanjit Singh Channi on Wednesday announced
to scrap 40,000 of the pending 48,000 VAT cases related to the financial year
2014-15, 2015-16 and 2016-17 against traders and industrialists across the
state.
Addressing industrialists, traders and prospective
entrepreneurs on the second day of 4th Progressive Punjab Investors Summit on
the theme of ‘A story of Partnership, Delivery & Growth: Investors
Reassured’ in Ludhiana, the CM said 8,000 remaining cases will be settled
amicably by asking the traders/ industrialists concerned to deposit only 30% of
the total outstanding tax liability, thus saving them from a lot of
inconvenience caused to them on this count. Another long-pending demand of the
industry to abolish institutional tax, which has been implemented since 2011,
was also catered to by the CM.
Assuring of best air connectivity to boost economic activity
in the region, the CM announced to lay the foundation stone of the upcoming
green field airport at Halwara (Ludhiana) on November 15 and said that
prestigious airport will be completed within eight months.
Finance minister Manpreet Singh Badal said the state
government has allowed faceless assessment of GST and VAT due to which the
traders and industrialists need not to present themselves physically before the
taxation officers anymore.
Channi further said that the mobile squad earlier comprising
14 persons has also been reduced to only four in the taxation department in an
effort to put an end to “inspector raj”.
He also announced a one-time settlement (OTS) scheme for the
defaulters to be introduced in Punjab State Industrial Development Corporation
(PSIDC), Punjab Financial Corporation (PFC) and Punjab Agro Industries
Corporation (PAIC).
Likewise, the CM also said an amnesty scheme will also be
introduced for the plot holders of the Punjab State Industries Export
Corporation (PSIEC).
The CM added that fixed charges on electricity connections
for medium-scale industries have been slashed to 50%. He said Rs.150 crore
will be spent on the upgrade of the infrastructure in the industrial focal
points.
CM Channi said that the state government will soon simplify
the procedure for change of land use to facilitate the entrepreneurs and
industrials for setting up their ventures seamlessly.
