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Type of Document: Notification
Notification Date: 23-Dec-2024
Relevant Act(s)/Rule(s): State Goods and Services Tax Rules, 2017
Notification No.: eCF No.568633/27
State: Assam
The Government of Assam has introduced amendments to the Assam Industries (State Goods and Services Tax Reimbursement for Eligible Units) Scheme, 2021, through this notification.
Key amendments include:
Amendment of Clause 2:
Sub-clause (c) has been revised to define “Micro, Small, and Medium enterprises, Large units, and Mega Project units” per the Industrial and Investment Policy of Assam, 2019 or its amendments.
Sub-clause (d) has been omitted.
Insertion of Clause 3A:
A new clause states that any changes in the Industrial and Investment Policy of Assam, 2019 will automatically apply to the SGST (Reimbursement for Eligibility Units) Scheme.
Amendment of Clause 8:
Sub-clause (2): Duration for reimbursement for eligible units has been increased from 10 years to 15 years, retroactively effective from September 1, 2019.
Sub-clause (4): Revised conditions for reimbursement of 100% of SGST paid for eligible mega project units, with specific provisions on quantum and time limits, including:
Monetary ceiling of 200% of fixed capital investment or as per Cabinet-approved customized incentives documented in the Memorandum of Understanding.
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