Amidst the financial crisis, the Punjab government’s treasury has received Rs 2500 crore. The government has not earned this money by taking a loan from any institution or by selling any property, but this money has been received from the IGST reversal process of 7000 firms.
Which was earlier lying with other states due to lack of proper process. Apart from this, the department is also keeping an eye on those companies. Which are involved in tax evasion in some way or the other.
Money received by the government treasury from these companies
When the state tax department was trying to strengthen the government treasury, this thing came to light. In the month of December, 22 such firms were found out of a total of seven thousand firms. Due to the non-completion of the IGST reversal process, about 1400 crores were lying in other states. The government treasury received Rs 687.69 crore from the Rail Coach Factory alone.
129.14 crores were received from Powercom, 89.50 crores from Nabha Power Limited, 83.03 crores from Talwandi Sabo Thermal Plant, 44.16 crores from Goindbal. Similarly, Bathinda Refinery got 80.14 crores and Trasco got 40.99 crores, Fortis Health Care got 24.02 crores, Cargil India got 14.55 crores. Apart from this, there are many religious institutions and companies from which money has come.
Many efforts are being made to improve the economic condition
Many efforts are being made by the government to strengthen the economic condition of Punjab. In this connection, in the month of October, retired IRS officer Arvind Modi was appointed as the Chief Advisor of the Finance Department by the government.
After this, many efforts are being made by the government to strengthen the economic condition of Punjab. Punjab Finance Minister Harpal Singh Cheema clearly says that efforts are being made to strengthen the treasury of Punjab. Many steps are being taken in this regard.
