Chandigarh- Punjab Finance, Excise and Taxation Minister Harpal Singh Cheema on Thursday mentioned the Bhagwant Mann Authorities is firmly balancing commerce facilitation with strict tax compliance, because the Punjab Taxation Division has hooked up 136 properties value ₹91.10 crore in a significant drive to recuperate pending pre-GST arrears. He acknowledged that whereas the federal government has prolonged a extremely helpful One Time Coverage to assist merchants clear legacy dues, sturdy enforcement measures are being carried out towards persistent defaulters.
Cheema acknowledged, “The Punjab Authorities is deeply dedicated to making sure a harassment-free and conducive enterprise setting. That is exactly why we’ve prolonged the One Time Coverage, providing merchants a golden alternative to amicably settle their pre-GST arrears.”
The Excise and Taxation Minister additional acknowledged, “Nonetheless, willful tax evasion won’t be tolerated. The attachment of 136 properties value over ₹91 crore sends a transparent message that the Taxation Division is relentlessly pursuing main defaulters. I strongly urge all involved merchants to instantly avail the advantages of the One Time Coverage to resolve their pending dues and save their properties from imminent public sale.”
Sharing official information concerning the arrears abstract as of February 18, 2026, Cheema famous, “The division has hooked up a complete of 136 properties valued at ₹91.10 crore throughout numerous jurisdictions. This encompasses 78 properties value ₹50.58 crore situated inside the main districts, alongside one other 58 properties valued at ₹40.52 crore located in different districts, states, or union territories. Moreover, some properties have already been auctioned, leading to a restoration of ₹15.27 crore.”
He additional elaborated, “The Head Workplace has already granted permission to promote 35 properties value ₹33.77 crore. Of those accepted instances, ultimate public sale dates have been set for 21 properties valued at ₹13.68 crore. District authorities themselves have undertaken public sale proceedings for an extra 15 properties value ₹16.42 crore, with formal permission on the market at the moment in course of.”
“To make sure complete cross-jurisdictional restoration, restoration certificates have been issued and are actively pending on the degree of involved Deputy Commissioners for twenty-four properties amounting to ₹10.61 crore. The mounting strain from these enforcement actions is yielding tangible outcomes, as a number of licensees and sureties have actively begun depositing their arrear quantities to halt the upcoming public sale of their belongings,” mentioned the Minister.
Concluding, Minister warned, “The Taxation Division is intently monitoring the restoration course of. The ultimate auctioning of properties the place dates have already been mounted will proceed strictly as scheduled if the taxpayers towards whom the Pre-GST arrears are excellent fail to make the most of the continued One-Time Coverage (OTS).”
