Jharkhand Gazette, No. 606, 19 August 2019

, GST

Automobile and Auto component09/2015

D.O.F. No. 34012/5/2018-ST-II DOR

Goods and Service Tax (GST)

GST2 ( NET-VAT Incentive

NET-VAT/CST incentive GST

) (1)- New MSME units will be given incentive of 80% NET VAT Paid for five years from the date of production with a ceiling of maximum 150% of total fixed capital investment made. New MSME unit will be given incentive of 80% reimbursement of state GST paid on intra state Supply subject to the tax actual realization in the state government treasury for five year from the date of production with a ceiling of 150% of total fixed capital investment made.

(2) (2)- New large projects will be given incentive of 75% of NET VAT paid p.a for seven years from the date of production with a ceiling of maximum 150% of total fixed capital investment made. New Large Projects 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 for seven year from the date of production with a ceiling of 150% of total fixed capital investment made.

(3) (3)- New Mega projects will be given incentive of 75% of NET VAT paid p.a. for twelve years from the date of production with a ceiling of maximum 150% of total fixed capital investment made. New Mega Projects 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 for Twelve year from the date of production with a ceiling of 150% of total fixed capital investment made.

(4) (4)- New ultra mega projects will be given incentive of 75% of NET VAT paid p.a. for twelve years from the date of production with a ceiling of maximum 150% of total fixed capital investment made. New ultra Mega Projects 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 for twelve year from the date of production with a ceiling of 150% of total fixed capital investment made.

3. 5.2 -(b) 5 "benefits in respect of VATand CST" "benefits in respect of State GST" "and VAT/CST Paid/Payble" " and State GST Paid" ( 3 4. 5.2 (b) 9) "claim for VAT incentive"

"claim for State GST incentive"

5. 5.2 (b) 10) "incentive of the VAT claimed for the next year" "incentive of the State GST claimed for the next year" 6. 5.2 -(b) 11) "claim for VAT incentive""claim for State GST incentive"

7. 5.2 -(b) 12) Explanation:- Actual realization in the state treasury means the goods supplied by the industrial unit and finally consumed within the state and SGST paid thereof realized in the 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