Government of Punjab, Department of Excise and Taxation issued a Notification no. G.S.R. 85/P.A.8/2005/S.29- /C.A.74/1956/S.9/P.A.8/2002/S.25/P.A.5/ 017/S.174/2023, dated the 9th November, 2023 containing the Punjab One Time Settlement Scheme for Recovery of Outstanding Dues, 2023.
It extends to whole of the State of Punjab
It shall come into force on and with effect from the 15th November, 2023.
(i) It shall only be applicable to the cases under the relevant Acts where the assessment has been made till 31st March, 2023 and where the amount of total demand as on 31st March, 2023 is up to rupees one crore.
No application for settlement of outstanding dues under this scheme for cases mentioned at (i) above shall be entertained after 15th March, 2024.
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