Traders, industrialists urged to take benefit of OTS scheme

Amritsar, January 18

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Punjab State Trade Commission Chairman Anil Thakur on Thursday held a meeting with the traders community and urged them to take advantage of the one-time settlement (OTS) scheme launched by the Punjab Government.

The scheme was launched by Punjab Chief Minister Bhagwant Singh Mann for recovery of outstanding dues. Applicable from November 15, 2023, it is valid till March 15. Thakur said the taxpayers whose assessments have been framed till March 31, 2023, with amount of total demand up to Rs 1 crore, were eligible to apply for settlement under the scheme.

He said the OTS scheme would provide complete waiver in case of arrears up to Rs 1 lakh as on March 31, 2023, which would cover near 40,000 cases.

He said the contribution of traders and industrialists is huge for the development of the border state. He said the Punjab Government had made necessary amendments in the policies to suit the community. He said the government was creating an industrial friendly environment in Punjab.

Sheetal Juneja, member of the Punjab State Commission, said the government was committed to resolving the issues of traders on a priority basis.

The traders raised various problems being faced by them.