Tag: Punjab government

Latest StoriesRegulatory

Punjab Auctions Properties of VAT, GST Defaulters for Dues

CHANDIGARH: Punjab Minister Harpal Singh Cheema announced on Friday that the state government has ramped up efforts to recover taxes from defaulters by initiating public auctions of properties owned by persistent VAT and GST evaders. “In a decisive move to recover long-overdue state revenue, the Department of Excise and Taxation has successfully carried out three major property auctions, reclaiming substantial amounts from businesses and individuals who have consistently neglected their tax obligations despite numerous opportunities and official legal notices,” he remarked. Detailing the initial successes of this enforcement initiative, the Finance, Excise and Taxation Minister stated that the first significant…

Latest StoriesRegulatory

Punjab Extends Taxpayer One-Time Settlement to May 31

CHANDIGARH: The Punjab government announced on Saturday a two-month extension for the One Time Settlement (OTS) scheme aimed at recovering outstanding dues, now extended to May 31, 2026, from the original March 31, 2026 deadline, according to finance minister Harpal Singh Cheema. Cheema mentioned that the taxation department has received 9,151 applications so far, resulting in a total revenue collection of ₹134.21 crore. The state government has already granted waivers amounting to ₹446.17 crore. “This extension offers a final chance for eligible taxpayers to settle their dues and achieve financial relief. The taxation department has also identified 8,000 properties belonging…

InfrastructureLatest Stories

Punjab Prepares to Redraw Mohali Civic Body Boundaries

MOHALI: As civic body elections approach next year, momentum is building for the long-awaited expansion of Mohali’s municipal boundaries. The Punjab local government department is set to issue a formal notification on this by the first week of November. The decision, which is currently pending in the Punjab and Haryana High Court, will extend the civic body’s jurisdiction to several rapidly developing areas. The next court hearing on this matter is scheduled for November 2. The plan aims to include key residential and commercial areas such as Aerocity, IT City, and sectors 81, 82, and 86 to 94. Private developments…

IndustryLatest Stories

Punjab Forms Committee to Develop Real Estate Roadmap

CHANDIGARH: The Punjab government has established a sector-specific committee under the Housing and Urban Development Department to create a tailored transformation roadmap for the real estate sector. This initiative aims to foster structured collaboration between the government and the real estate industry. Punjab Housing and Urban Development Minister Hardeep Singh Mundian stated, “The committee was formed to provide policy inputs for a progressive, transparent, and investment-friendly real estate ecosystem in Punjab.” He emphasized that the goal is to develop a best-in-class policy model through active collaboration with key stakeholders. The committee is headed by Deepak Garg, Director of Marbella Group,…

Latest StoriesRegulatory

Punjab Cancels Developer’s Partial CLU Approval

MOHALI: In a significant blow to a local developer, the Punjab government has revoked a part of the Change of Land Use (CLU) permission previously granted for an industrial colony in Sector 102, covering the villages of Drari and Dhurali. The director of town and country planning in Punjab issued the cancellation on Thursday, alleging that the developer submitted forged documentation. The revocation involves 9 kanals and 15 marlas (approximately 1.3 acres) of land, which is now excluded from the project. The decision has left 200 investors, who have reportedly invested about Rs 250 crore, uncertain about the project’s future.…