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Big booster for industry, Punjab okays one time settlement for VAT assessment cases | Ludhiana News - Vimarsana News

Big booster for industry, Punjab okays one time settlement for VAT assessment cases | Ludhiana News

Punjab CM Amarinder Singh. (File photo) LUDHIANA: A day ahead of Punjab CM Amarinder Singh meeting with Ludhiana bizmen, in a major reprieve to the business community especially the small and medium businessmen, state cabinet on Monday approved the ‘Punjab One Time Settlement Scheme for Recovery of Outstanding Dues-2021’ to clear and settle their pending arrears. With implementation of OTS, the state exchequer would bear a financial burden of Rs.121.06 crore. Divulging the details, a spokesperson of the chief minister’s office said that the scheme would be implemented from February 1, ...