Question
Which Indian state recently approved a One-Time
Settlement (OTS) scheme to recover pre-GST arrears worth ₹11,968 crore?Solution
The Punjab Cabinet approved an OTS scheme from Oct–Dec 2025 to resolve ₹11,968 crore tax arrears under pre-GST laws. Over 20,000 traders will benefit, with waivers on penalties and interest. This covers cases under Punjab VAT, CST, and others .
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