, 2012GST
478-09/( -23/2007-2012 1958, 16.06.2012 , 2012 32.5 NET-VAT Incentive
2012 , NET-VAT Goods and Services Tax Act (GST)
Goods and Services Tax (GST) Act
2016 GST 1335 16.05.20182 ( , , D.O.F. No. 34012/5/2018-ST-II DOR 19.02.2018 GST
01.03.2019 19
2012 32.5
1. 32.5 a, b, c, d, e, i, j, k, l, m (a) MSME shall be eligible for reimbursement of 60% of NET VAT paid per annum, up to a maximum of 100% of total fixed capital investment made, for different duration depending on the location of the units as mentioned below MSME will be given incentive of 60% reimbursement of State GST paid on intra-state supply subject to the tax actual realization in the state government treasury with a ceiling of 100% of total fixed capital investment made for different duration depending on location of the unit as mentioned below
(b) Large and Mega Industries shall be eligible for reimbursement of 50% of the NET VAT paid per annum up to a maximum of 75% of total fixed capital investment for different duration depending on the location of the unit as shown in the above table Large and Mega industries will be given incentive of 50% reimbursement of State GST paid on intra-state supply subject to the tax actual realization in the state government treasury with a ceiling of 75% of total fixed capital investment made for different duration depending on location of the unit as shown in the above table
(c) Handloom, Sericulture, Handicraft, Khadi and Village Industry products shall be eligible for reimbursement of 75% of the NET VAT paid per annum up to a maximum of 100% of the total fixed capital investment for different duration depending on the location of the unit as shown in the above table Handloom, Sericulture, Handicraft, Khadi and Village industry product will be given incentive of 75% reimbursement of State GST paid on intra-state supply subject to the tax actual realization in the state government treasury with a ceiling of 100% of total fixed capital investment made for different duration depending on location of the unit shown in the above table
(d)(i) Apparel, Textile, Food Processing Automobiles, IT/ITES and Bio-Tech units shall be eligible for reimbursement of 75% of NET VAT paid per annum up to a maximum of 75% of the total fixed capital investment for different duration depending on the location of the unit as shown in the above table Apparel, Textile, Food Processing, Automobile, IT/ITes and Bio-Tech units will be given incentive of 75% reimbursement of State GST paid on intra-state supply subject to the tax actual realization in the state government treasury with a ceiling of 75% of total fixed capital investment made for different duration depending on location of the unit as shown in the above table( 3 (ii) -d(ii) VAT SGST (e) -e VAT SGST (i) -i VAT SGST (j) -j VAT SGST (k) -k VAT SGST (l) -l VAT SGST (m) -m VAT SGST including CST 2. -(n) Explanation:-Actual realization in the state treasury means the goods suplied by the industrial unit and finally consumed within the state and SGST paid there of realized state treasury. If any ITC claimed on the goods supplied by the unit or by any subsequent taxable person in any manner whatsoever, e.g. ITC on inter-state supply then SGST paid on such goods shall not be eligible for reimbursement 3. 2012 (01.04.201131.03.2016)