State GST reimbursement scheme extends tax incentives to eligible Assam units under defined ceilings and compliance conditions. Reimbursement of State GST is provided to eligible units in Assam in substitution for earlier tax exemption incentives that became incompatible with the GST regime. The scheme applies to existing units covered by the Assam Industries (Tax Exemption) Schemes, 2009 and 2015, as well as to new units and expansion units commencing commercial production or operation between 1 July 2017 and 31 December 2022 under the Industrial and Investment Policy of Assam, 2014. Eligible units are entitled to reimbursement of 100% of SGST paid in cash after utilization of input tax credit, subject to prescribed monetary ceilings, residual eligibility periods, exclusions, and procedural compliance.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
State GST reimbursement scheme extends tax incentives to eligible Assam units under defined ceilings and compliance conditions.
Reimbursement of State GST is provided to eligible units in Assam in substitution for earlier tax exemption incentives that became incompatible with the GST regime. The scheme applies to existing units covered by the Assam Industries (Tax Exemption) Schemes, 2009 and 2015, as well as to new units and expansion units commencing commercial production or operation between 1 July 2017 and 31 December 2022 under the Industrial and Investment Policy of Assam, 2014. Eligible units are entitled to reimbursement of 100% of SGST paid in cash after utilization of input tax credit, subject to prescribed monetary ceilings, residual eligibility periods, exclusions, and procedural compliance.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
