https://www.taxtmi.com/news?id=19781 The Government approved the North East Industrial Development Scheme (NEIDS) 2017 to incentivize new industrial units in the North Eastern States including Sikkim, targeting MSMEs and permitting concurrent receipt of multiple component benefits. Incentives include a 30% capital investment incentive for plant and machinery (subject to an upper limit per unit), a 3% interest incentive on working capital for five years, full reimbursement of insurance premiums for five years, reimbursement of the central share of GST and income tax for five years, specified transport subsidies, and an employment incentive addressing employer EPF/EPS contributions; an overall cap applies to aggregate benefits per unit. en-us Thu, 22 Mar 2018 09:51:06 +0530 Thu, 22 Mar 2018 09:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19781 The Government approved the North East Industrial Development Scheme (NEIDS) 2017 to incentivize new industrial units in the North Eastern States including Sikkim, targeting MSMEs and permitting concurrent receipt of multiple component benefits. Incentives include a 30% capital investment incentive for plant and machinery (subject to an upper limit per unit), a 3% interest incentive on working capital for five years, full reimbursement of insurance premiums for five years, reimbursement of the central share of GST and income tax for five years, specified transport subsidies, and an employment incentive addressing employer EPF/EPS contributions; an overall cap applies to aggregate benefits per unit. News - Thu, 22 Mar 2018 09:51:06 +0530 https://www.taxtmi.com/news?id=19781