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EXCISE & TAXATION

Punjab Deputy Chief Minister Sukhbir Singh Badal has played a key role in making VAT refund procedures easier, faster and time bound. Holding the Excise & Taxation Ministry, he has been envisioning Punjab’s progress through tax reforms and ‘Make in Punjab’ campaign, which has been launched recently.

The Deputy Chief Minister has also asked the excise department to prepare a detailed report after examining present tax structure in neighbouring states.

He has been advocating the need to rationalize VAT/Sales Tax/Entry Tax on various goods and items so that the local industry can compete at par with neighbouring units.

In his latest move, he has given a go-ahead to computerization of Excise & Taxation to the department so that the VAT refund is automatically transferred into the accounts of industrialists and traders.