Punjab Govt Pledges Harassment-Free Business Environment, Cracks Down on Tax Evasion

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