Punjab: FM bats for extension of GST compensation cess regime beyond 2026
This recommendation was made during the Group of Ministers (GoM) meeting on Compensation Cess, which Finance Minister Cheema attended via video conferencing.
This recommendation was made during the Group of Ministers (GoM) meeting on Compensation Cess, which Finance Minister Cheema attended via video conferencing.
He said the state has seen a shift in its fiscal trajectory since the Chief Minister Bhagwant Singh Mann-led government took office in March 2022.
Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema on Monday said the state has registered an increase of 16.5 per cent and 20.87 per cent in revenue from Goods and Services Tax (GST) and Excise respectively during the first four months of the financial year 2023-24.
State Finance Minister Cheema said that Chief Minister Bhagwant Mann led Punjab government has estimated a GST collection of Rs 20,550 crore in its maiden budget for the financial year 2022-23.
Shiromani Akali Dal (SAD) leader Bikram Singh Majithia said the party would file a complaint with the Chandigarh Police tomorrow seeking a thorough probe into the entire case.
He said that Congress-BJP governments lacked vision and intention when it comes to the agriculture sector that is why even after being an agriculture dominant country.
He said today the power department of Chandigarh was being sold at a much lower rate than its actual price despite being in huge profit, similarly the public sectors of Punjab
AAP also demanded the deployment of Central security agencies to protect all the buildings and permission to all contesting candidates to enter the buildings.
Cheema criticized the Congress government for wasting crores of rupees of taxpayers' hard-earned money on false advertisement.
Shiromani Akali Dal (Badal), Bharatiya Janata Party, Congress and Captain Amarinder Singh failed to make Pearls return the hard-earned money of the people.
