The City Headlines
Ludhiana, October 27
Punjab Chief Minister Charanjit Singh Channi on Wednesday held a cabinet meeting in the Circuit House Ludhiana. Heading the meeting, Chief Minister made several major announcements.
Here’s what you need to know
- Abolished Institutional Tax.
- Rs.150 crore to be spent on the up-gradation of the infrastructure in the Industrial Focal Points.
- Reduced mobile squad earlier comprising of 14 persons to only four in Taxation department.
- Decides to relax the condition of reducing the passages to industry from current 6 to 4 karam.
- Fixed charges on electricity connections for Medium Scale Industries have been slashed to 50%.
- Allowed faceless assessment of GST and VAT, now the traders and industrialists need not go to the Taxation offices for this purpose anymore.
- An amnesty scheme would also be brought for the plot holders of Punjab State Industries Export Corporation (PSIEC).
- 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).
- The pending cases of VAT for the Financial Year 2014-15, 2015-16 and 2016-17 would be considered only 30% of the total demand. In such cases, 20% would be recovered in first year and the balance 80% in the next year.
- Requisite land to be acquired for Patti-Makhu rail link and handed over to the Ministry of Railways, GoI before next rail budget.
- Exhibition Centre to come up at Amritsar.
- Film City to be set up near Chandigarh.
Also read: Will end “Inspector Raj” in Punjab, says CM Channi
