The Government of Punjab on March 11, 2024, issued the Punjab One Time Settlement (Amendment) Scheme for Recovery of Outstanding Dues, 2024, to further amend the Punjab One Time Settlement Scheme for Recovery of Outstanding Dues, 2023.
The following has been stated:
• In clause 1, which states “Short title, extent, commencement and applicability”, for sub-clause (4), the following shall be substituted, namely:
o It shall only be applicable to the cases under the relevant Acts where the assessment has been made till March 31, 2024, and where the Total Demand in case of any of the relevant Acts, other than the Central Sales Tax Act, 1956, is not more than rupees 1 Crore; and in case of the Central Sales Tax Act, 1956, where the Net Demand is not more than rupees 1 Crore.
o No application for settlement of outstanding dues under this Scheme for cases mentioned above shall be entertained after June 30, 2024."
This notification will come into force from March 11, 2024.
[Notification No G.S.R. 12/P.A.8/2005/S. 29-A/C.A. 74/1956/S.9/P.A.8/2002/S.25/P.A.5/2017/S.174/Amd (1)/2024]
