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Finance Minister Cheema: Punjab Government Dedicated to Fostering Favorable Business Climate
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Punjab Govt Pledges Harassment-Free Business Environment, Cracks Down on Tax Evasion
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News18
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19-02-2026, 19:15
Punjab Govt Pledges Harassment-Free Business Environment, Cracks Down on Tax Evasion
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Punjab Finance Minister Harpal Singh Cheema affirmed the government's commitment to a conducive business environment with strict tax compliance.
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The state Taxation Department attached 136 properties worth Rs 91.10 crore to recover pending pre-GST arrears.
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A One-Time Settlement (OTS) policy is extended for traders to clear legacy dues, but willful tax evasion will not be tolerated.
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Properties worth Rs 15.27 crore have been auctioned, and auction proceedings are underway for 15 properties valued at Rs 16.42 crore.
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Defaulters are warned that property auctions will proceed if they fail to utilize the ongoing OTS scheme.
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