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Punjab to Scrap 40,000 VAT Cases for FY 15-17

Punjab will scrap 40,000 pending cases related to value added tax of the total 48,000 cases pertaining to FY15 till FY17, its CM Charanjit Singh Channi has said, adding that the industry-friendly initiative will go a long way in boosting investors morale to invest in the state. Only 20% of the aforesaid tax liability will have to be deposited during current fiscal and the balance 80% by the next fiscal, he said. S-ET

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