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Issue ID: 110794
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Clarification On GST

Date 13 Aug 2016
Replies7 Replies
Views 3961 Views
Asked by
Continuity of tax exemptions: whether State industrial VAT/CST incentives survive transition to GST depends on transitional rules and notifications.
Continuity of State-granted VAT/CST exemptions for industrial promotion upon introduction of GST is contingent on the enacted GST statute, rules, and notifications; existing beneficiaries may either retain exemption coverage for their original eligibility period if transitional provisions preserve such benefits, or State-specific concessions may be ended and replaced by a refund mechanism, and purchasers have raised the need for means to verify supplier remittance of central and State GST components. (AI Summary)

My Query is that

Many of the manufacturing unit get exemption by State Govt. of VAT And CST under industrial Promotion Policy 2014 in Madhya Pradesh for Five from the date of Commencement of production of New units

So my query is that whether the same exemption is also available for the aforsaid entity or not

Please clarify.. As soon as possible

7 answers
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