Overview
- Finance Minister Harpal Singh Cheema approved the extension after representations from groups including the GST Practitioners Association of Punjab.
- Authorities have received 6,348 applications, with 4,365 approved covering ₹311.07 crore, of which ₹65.81 crore has been recovered and ₹245.26 crore waived.
- The scheme targets legacy VAT and Central Sales Tax disputes from the pre-GST era by offering substantial concessions to close cases.
- Relief under the program includes up to a 100% waiver of interest and penalties and significant reductions in principal, depending on case specifics.
- Officials warned that strict recovery proceedings will begin after March 31, 2026, and urged eligible traders, industrial units, and rice millers to apply within the extended window.