GST Incentives on new Projects
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GST Incentives on new Projects
Do you know States provide GST incentives for setting up new projects or capacity expansions in existing projects based on Project Cost?
| State | Scheme | Incentive Range on GST subsidy based on project cost. | Ref. Website. |
|---|---|---|---|
| Maharashtra | Package Scheme of Incentives 2019 | 30% to 80% | https://maitri.mahaonline.gov.in/PDF/Package%20Scheme%20of%20Incentives%20-%202019.pdf |
| Uttar Pradesh | UP Industrial Policy 2020 | 70% each year for 10-15 years subject to a ceiling of 200-300 percent of the project cost. | https://niveshmitra.up.nic.in/Documents/Policies/P_24.pdf https://niveshmitra.up.nic.in/Policies.aspx |
| Madhya Pradesh | MP Industrial Promotion Policy 2014 (as amended in 2018). | It varies based on formulae based on investment, export factor, employment factor. The maximum cap on Incentive is INR 150 and 75% on GST paid each year. | http://www.mpindustry.gov.in/policies/?cid=1/ |
| Haryana | Haryana Government notification dated 8th Jan 2020 | 50 % – 75% | https://investharyana.in/content/pdfs/Revised%20SGST%20scheme%2008012020.pdf |
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