Chandigarh: Bakeries with a turnover more than Rs 10 lakh would have to pay a lump sum tax in Punjab and to discourage consumption of liquor, the cabinet today decided to reduce the time that vends would be allowed to remain open in the state.
Presided over by chief minister Prakash Singh Badal, the cabinet decided to impose a tax ranging between Rs 25,000 to Rs Rs 1 lakh lump sum tax on bakery units that had a turnover between Rs 10 lakhs and Rs 1 crore, said a cabinet spokesman.
This would help about 3500 bakery units whose annual turnover was less than Rs 1 crore. Bakeryâ€™s with less than Rs 10 lakh turnover have been exempted for this tax, he added.
Under the new excise policy, the cabinet decided to advance the liquor vend opening time from 1 a.m to 9 a.m. and reduce the closing time from 11 p.m. to 10 p.m.
The cabinet revised motor vehicle taxes, with the news taxes being 2%, 4%, 6% and 8% for vehicles costing less than Rs 5 lakh, 10 lakh, 20 lakh and those costing more than 20 lakhs.
The cabinet also gave ex-post facto approval to levying of tax at the rate of Rs15 lakh per draw on the fortnightly lottery of the state lotteries department.
Approval was given by the cabinet for release Rs 1 Cr towards extension of Langar Hall building in Sri Harimandir Sahib, Amritsar.
Exemption on entry tax imposed on construction material and food items for devotees, procured from outside Punjab, in the Dera Radha Soami Satsang Beas was also approved by the cabinet.