Punjab govt releases Rs. 87 crore for disbursal of VAT of concerned assessees

The Hush Post, Chandigarh: In pursuance of the assurance made by the Chief Minister Captain Amarinder Singh in the Vidhan Sabha during the recent Budget Session of clearing long-pending VAT refunds, the Punjab Government today released a sum of Rs. 87 crore to the Department of Excise & Taxation for disbursal to the concerned assessees.

A spokesperson of the Government stated that the Chief Minister was committed towards upholding the trust reposed in his Government by the business community and to create a favourable climate for investment in trade and industry. He further informed that the Chief Minister has asked the Finance Department to work out a system to ensure periodical releases to clear the pending arrears.

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