Scheme for financial assistance by way of Net VAT Reimbursement to MSMEs, Large, Mega & Ultra Mega Industrial Undertakings.
Government of Gujarat, Industries & Mines Department,Resolution No:INC-102015-645918-I,dated 25/07/2016.
Modalities for reimbursement of SGST Incentives in place of VAT under various Incentive scheme
To attract increased investments to the state in the manufacturing sector to create more employment opportunities, for balanced regional growth and inclusive development of the state.
The scheme of incentive has come into force from 25/07/2016 and will remain in force for a period of five years, i.e. 24/07/2021.
This scheme shall be applicable to a new industrial Undertaking, or an existing Industrial undertaking that undertakes expansion, and which commences the commercial production during the operative period of the scheme (i.e. Between 25/07/2016 to 24/07/2021)
An industrial undertaking eligible for incentive under this scheme shall apply for provisional registration to the concerned District IndustriesCentre in case of micro, small and medium project, and to the Industries Commissioner in case of large, mega and ultra mega project, in the prescribed format, during the operative period of the scheme.
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The industrial undertaking having registration shall submit an application for the provisional eligibility certificate after commencement of commercial production.
The industrial undertaking shall have to submit a certificate from a Chartered Accountant in respect of the investment made in the project up to the date of commencement of commercial production to General Manager, District lndustries Centre for MSMEs and Industries Commissioner for large, mega and ultra mega project.
In case of MSME, the General Manager of District Industries Centre, and in case of other industrial projects the Industries Commissioner, shall issue within thirty days of the date of receipt of application a Provisional Eligibility Certificate for the purpose of reimbursement of net VAT incentive for an amount of 20% of the gross fixed capital investment as on the date of commencement of commercial production as submitted by the industrial undertaking.
The industrial undertaking shall be entitled to claim Net VAT reimbursement incentive under this resolution based on the Provisional Eligibility Certificate
On completion of the project, the industrial undertaking will submit all the information details as required by the authorized officer.
The industrial undertaking shall have to submit a certificate from a Chartered Accountant in respect of investment, particulars of local employment, and the applicable certificate from GPCB to General Manager, District Industries Centre for MSMEs and Industries Commissioner for large, mega and ultra mega project.
The lndustries Commissioner/General Manager shall constitute an Asset Verification team to verify the investment details. The Assets Verification report of the team shall be placed before the sanctioning authority.
The final eligibility of incentive shall be approved by the sanctioning authority. Thereafter, the final Eligibility Certificate for availing Net VAT incentive shall be issued by the Industries Commissioner/General Manager.
Net VAT incentive to be reimbursed to the industrial undertaking in one financial year will not exceed one-tenth of the total amount of eligible incentive, subject to a maximum amount in a financial year as below:
Shri D. R. Parmar, Deputy Commissioner of Industries (Large)Phone: 079-232-52584 E-mail : firstname.lastname@example.org
Office of The Industries Commissionerate
Block No. 1, 2nd Floor, Udyog Bhavan,
Gandhinagar 382 010. Gujarat. INDIA
Ph. : 23252683/23252617 • Email ID : email@example.com