Sunday, July 22, 2018
ABOUT US CONTACT US ADVERTISE WITH US FOLLOW US ON    
 
Kashmir Times Logo www.kashmirtimes.com
Jammu
Govt to reimburse State Taxes paid by Industrial Units under JKGST
KT NEWS SERVICE
JAMMU, Feb 6: To provide budgetary support to the eligible manufacturing units operating in Jammu and Kashmir, the State Government has notified the scheme for reimbursement of State Taxes paid under Jammu and Kashmir Goods and Services Tax Act 2017.

As per SRO-63 issued by the Principal Secretary Finance, Navin Kumar Choudhary, the scheme shall be limited to the tax which accrues to the State government under the Jammu and Kashmir Goods and Services Tax Act, 2017 after adjustment of the input tax credit paid by the manufacturing units.

The scheme shall be called the Jammu and Kashmir Reimbursement of Taxes for Promotion of Small/Medium/Large Scale Industries in the State of Jammu and Kashmir and shall come into operation from 08.07.2017 for an eligible unit and shall remain in force till the last date of Industrial Policy, 2016. "In recognition of the hardships arising due to withdrawal of remission from payment of Value Added Tax the Government would provide budgetary support to the eligible units by way of part reimbursement of the Goods and Services Tax, paid by the unit after adjustment of Input Tax Credit on supply of finished goods manufactured by the Industrial Units located in the State of Jammu and Kashmir," the SRO states. The details of the scheme are available on jakfinance.nic.in.


News Updated at : Wednesday, February 7, 2018
 
Comment on this Story 

 
 
Top Stories of the Day  
Separatists call for shutdown on Feb 9, 11
SRINAGAR, Feb 6: The separatist leadership of Syed Ali Shah Geelani, Mirwaiz Umar Farooq and Mohammad Yasin Malik today called for shutdown on February 9 and 11 on the death anniversaries of Mohammad Afzal Guru and Mohammad Maqbool Butt. Malik was arrested by police from JKLF office at Abi Guzar here and sent to Central Jail. In a joint statement the separatist leadership said protests should be staged across Kashmir while as on February 11, a joint memorandum will be submitted to UNO Sonwa
> Teenager arrested after crossing LoC
> Officials had no idea that attack on yatra bus last year was deliberate
> NHW blocked by slides, reopened after 9 hours
> Guv reiterates concern over delays in holding AGMs
> Commercial vehicles exempted from passenger tax arrears: Govt
 
 
Other Stories from Web  
 
 
 
Find us on
 
 
Weather Report
 
Shridev Sharma
 
Mata Vaishnodevi | Matavaishnodevi | Mata Vaishno Devi
 
Electric Blanket | Electric Bed Warmers | Electric Under Blankets | Electric Heating Blanket
 
 
 
Web Design Jammu, Web Design Company, Ideogram Jammu
 
 
Home | Contact Us | Kashmir Times | Kashmir Times E-Paper - Jammu | Kashmir Times E-Paper - Srinagar | Dainik Kashmir Times | Jammu Prabhat
Copyright 2013 Kashmir Times Group. All rights reserved. Powered by Ideogram Technology Solutions Pvt. Ltd.