Chandigarh, Jan. 1 -- In a relief to the trading community and industry of the state, the Punjab government has decided to extend the deadline for the 'Punjab One-Time Settlement (OTS) Scheme for Recovery of Outstanding Dues, 2025' till March 31, 2026.

Finance and excise and taxation minister Harpal Singh Cheema gave the formal approval for this extension following representations from various stakeholders, including the GST Practitioners Association (GSTPA), Punjab.

The decision comes in response to the heavy statutory compliance burden faced by taxpayers during November and December 2025, which saw overlapping deadlines for various tax filings. Additionally, practical challenges such as the pending service of VAT assessment orders had...