Punjab’s trading community welcomes the state government’s decision to prolong the One-Time Settlement (OTS) Scheme-2025 until March 31, 2026, hailing it as a progressive, business-friendly move.
In Amritsar on January 2, 2026, Commission Chairman Anil Thakur expressed gratitude to Chief Minister Bhagwant Singh Mann and Finance Minister Harpal Singh Cheema for resolving long-pending tax issues with sensitivity.
Scheme Benefits
The extension addresses practical challenges like heavy compliance burdens in the year’s final quarter, offering relief on legacy disputes under pre-GST laws (VAT, Central Sales Tax). It provides waivers on interest, penalties, and eligible dues, boosting voluntary compliance and trust.
Chairman’s Appeal
Thakur urged traders, industrialists, and rice millers to seize this window for clearing dues, avoiding litigation, and starting the new fiscal year debt-free. The Commission pledges full support for awareness and smooth rollout.
