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Punjab Finance Minister Urges Stronger GST Compliance in Service Sector for Revenue Growth

  • Punjab Finance Minister Harpal Singh Cheema chaired a review meeting of the Excise and Taxation department
  • Directed officials to improve GST compliance in the service sector
  • Emphasized the need for robust monitoring and enforcement to minimize tax evasion
  • Urged officials to conduct regular audits, investigations, and outreach programs
  • Aimed to strengthen tax administration, enhance revenue mobilization, and promote tax compliance
  • Punjab Government aims to unlock additional revenue streams and boost economic growth
  • Directed officials to develop strategies to recover outstanding arrears dating back to FY 2016-17
  • Instructed officials to exhaust all avenues to recover outstanding arrears
  • Meeting discussed excise revenue optimization and enforcement measures to curb evasion
  • Prominent officials present in the meeting included Additional Chief Secretary Vikas Partap Singh and Excise Commissioner Varun Roojam

Source: a2ztaxcorp.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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