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PSPCL launches OTS scheme to settle pending power payments | Ludhiana News

Ludhiana: Punjab State Power Corporation Limited (PSPCL) has launched a one-time settlement (OTS) scheme for all its consumers except for the AP category of meters. Under the OTS, the consumer would be able to settle pending payments existing as on December 31, 2020. The scheme will be applicable for three months from April 15, and in order to enrol in the scheme, the industrial consumers need to deposit Rs 2,000 to Rs 5,000 as processing fee according to their power load and this fee will be adjusted against the final settlement bill.
Meanwhile businessmen are happy over the development and are of the view that the scheme will help settle the old disputes over pending payments. According to Inderjit Singh Navyug, former president of the United Cycle and Parts Manufacturers Association, “We are thankful to the PSPCL for launch of the OTS scheme, which will help end thousands of litigations and disputes related to outstanding bills of the businessmen with the department. Acc ....

Rajinder Singh Kalsi , Inderjit Singh Navyug , Ajanta Nagar , Punjab State Power Corporation Limited , Parts Manufacturers Association , United Cycle , City News , City Latest News , Times Of India , Latest News , ராஜீந்தர் சிங் கல்சி , இண்டேற்ஜித் சிங் கடற்படை , ஜண்டா நகர் , பஞ்சாப் நிலை பவர் நிறுவனம் வரையறுக்கப்பட்டவை , பாகங்கள் உற்பத்தியாளர்கள் சங்கம் , ஒன்றுபட்டது மிதிவண்டி , நகரம் செய்தி , நகரம் சமீபத்தியது செய்தி ,

'Reduction in input tax credit will hit small scale industry' | Ludhiana News

Ludhiana: In a setback for businessmen, some major changes in the GST regime are being implemented from January 1, which will affect the businesses of the small scale industry, which have regular GST numbers.
Though several changes have been slotted to take place from the new year, the biggest one which is likely to affect the small industry most is the reduction in the limit of taking input tax credit (ITC) with respect to invoices not showing in GSTR-2B from 10% to 5%. With the option of filing quarterly returns now available to the small tax payers having annual turnover of up to Rs 5 crore, those opting for quarterly returns will be at the receiving end as the ITC passed by them to their customers will reflect in customers’s GSTR-2B only after three months when the seller files his quarterly return. This will discourage the buyers to deal with them and instead look for vendors who file monthly returns. ....

Inderjit Singh Navyug , Parts Manufacturers Association , United Cycle , Ludhiana News , Ludhiana Latest News , Ludhiana News Live , Ludhiana News Today , Today News Ludhiana , Gst Law , இண்டேற்ஜித் சிங் கடற்படை , பாகங்கள் உற்பத்தியாளர்கள் சங்கம் , ஒன்றுபட்டது மிதிவண்டி , லூதியானா செய்தி , லூதியானா சமீபத்தியது செய்தி , லூதியானா செய்தி வாழ , லூதியானா செய்தி இன்று , இன்று செய்தி லூதியானா , க்ஸ்ட் சட்டம் ,