The Punjab Cabinet on Monday gave the approval to amend the Punjab Goods and Services Tax Act, 2017, to enable ease of doing business in the state and facilitating the taxpayers.
The amendment will also help in streamlining provisions relating to refunds and rationalising those related to the furnishing of returns.
This will also ensure levying of interest only on input tax credit wrongly availed and utilised, said an official release.
The Punjab Cabinet held a meeting under the chairmanship of Chief Minister Bhagwant Mann at his official residence here, ahead of the state Assembly session, which has been convened on Tuesday.
Source: The Tribune
https://www.tribuneindia.com/news/punjab/punjab-cabinet-decides-to-amend-state-gst-law-435572
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