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Withdrawal of investment reimbursement scheme ends state tax support for large manufacturing projects effective April first. The Jammu and Kashmir reimbursement of State Taxes scheme (SRO 134 of 2019), which provided budgetary tax reimbursement to manufacturing units undertaking substantial expansion or new projects meeting an investment threshold of rupees fifty crore or more, is withdrawn by S.O. 240 dated 16 July 2021, with effect from 01.04.2021, terminating the specified tax reimbursement relief.
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Withdrawal of investment reimbursement scheme ends state tax support for large manufacturing projects effective April first.
The Jammu and Kashmir reimbursement of State Taxes scheme (SRO 134 of 2019), which provided budgetary tax reimbursement to manufacturing units undertaking substantial expansion or new projects meeting an investment threshold of rupees fifty crore or more, is withdrawn by S.O. 240 dated 16 July 2021, with effect from 01.04.2021, terminating the specified tax reimbursement relief.
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