OTS scheme for pending VAT cases soon: Purohit

Chandigarh, March 2

A delegation comprising Sunil J Singhi, Chairman of the National Traders Welfare Board, and Charanjiv Singh, president, Chandigarh Beopar Mandal, called on Punjab Governor and UT Administrator Banwarilal Purohit.

The delegation discussed various key issues affecting the trading community in Chandigarh. It presented a comprehensive overview of the challenges faced by traders.

The main issues discussed included implementation of one-time settlement (OTS) scheme for VAT assessment cases on the Punjab pattern, making commercial/industrial property freehold on reasonable charges, permission of general trade in the upper floors of commercial buildings without conversion charges, rationalisation of conversion/extra coverage charges from SCF to SCO, roll back of penalty, expansion of parking facility in markets and formation of trader welfare board in the city.

Purohit assured of bringing in OTS for pending assessment cases of VAT. He said the scheme for converting leasehold commercial/industrial properties into freehold had already been sent to the MHA for the final approval.