Punjab Finance Minister Manpreet Singh Badal on Tuesday sought the early release of GST (Goods and Services Tax) arrears, which are due to the State.
Manpreet, during his meeting with the Union Finance Minister Nirmala Sitharaman, said that the release of Punjab’s share was crucial, since its delay is impeding regular and routine functioning.
The Union Minister Nirmala Sitharaman assured Manpreet of the highest consideration on these two issues.
Manpreet also took up with her the issues of Punjab, which were pending with the Union Government, particularly the exemption of service tax on long-term leading of land.
He shared the details of the new and ambitious industrial policy of Punjab that has been formulated recently. “There is an urgent need to industrialize the State, and we need the cooperation and support to implement the new industrial policy at the earliest,” said Manpreet.