Liquor suppliers in Telangana have urged the state government to clear pending dues amounting to Rs 3,700 crore. The associations representing the suppliers have expressed concern over the government's practice of settling newer bills while ignoring older pending payments.
Violation of Commercial Norms
The associations maintained that settling newer dues before clearing older ones defies established commercial norms. They warned that such practices could expose companies to serious scrutiny from auditors, as it creates discrepancies in financial records.
Impact on Businesses
The pending dues have put immense financial pressure on liquor suppliers, many of whom are struggling to maintain operations. The suppliers are seeking immediate intervention from the state government to resolve the issue and ensure timely payments.
The government has yet to respond to the demands, but the associations are hopeful that their concerns will be addressed soon. They have called for a transparent and systematic approach to clear all outstanding amounts.
This is not the first time that liquor suppliers have raised the issue of pending dues. Earlier this year, similar appeals were made, but the problem persists. The suppliers are now looking for a long-term solution to avoid recurring payment delays.
