GST reimbursement eligibility extended, broadening which manufacturing units qualify for state tax reimbursement under amended scheme. The amendment substitutes the prior terminal date with 31st March 2031 and recasts Eligible Unit to include manufacturing units registered with the Department of Industries and Commerce that commenced commercial production prior to 01.04.2021 and are registered under the Jammu and Kashmir GST Act, 2017; it also incorporates units rendered ineligible by completion of their central-scheme residual period except goods listed in Annexure A to SRO 63 and preserves claims under SRO 519 until their residual period ends. The amendment adds a Residual Period definition as used in the central GST budgetary support scheme, while other conditions of SRO 63 remain unchanged.
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GST reimbursement eligibility extended, broadening which manufacturing units qualify for state tax reimbursement under amended scheme.
The amendment substitutes the prior terminal date with 31st March 2031 and recasts Eligible Unit to include manufacturing units registered with the Department of Industries and Commerce that commenced commercial production prior to 01.04.2021 and are registered under the Jammu and Kashmir GST Act, 2017; it also incorporates units rendered ineligible by completion of their central-scheme residual period except goods listed in Annexure A to SRO 63 and preserves claims under SRO 519 until their residual period ends. The amendment adds a Residual Period definition as used in the central GST budgetary support scheme, while other conditions of SRO 63 remain unchanged.
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