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State Specific Incentives CA. Rajesh Maddi 14.06.2020
State Specific Incentives
CA. Rajesh Maddi
14.06.2020
Types of incentives
Central Govt. incentives
State Specific incentives
Industry specific incentives
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Central Scheme
Industrial Development Scheme for HP & Uttarakhand – Investment linked
Production Linked Incentive Scheme (PLI) for Large Scale Electronics
Manufacturing
Scheme of budgetary support under Goods and Service Tax Regime to the units
located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and
North East including Sikkim
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State Specific incentives
Based on the size of the entity:
Small
Micro
Small
Medium
Large
Specific MOA with the State Govt.
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MSME definition
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Form of incentives
In general, the incentives are in the form of:
Investment Subsidy
Land Cost / Land cost concession
Stamp duty & Land Conversion charges
Power subsidy
SGST / VAT
Interest Subsidy
Water Subsidy
Subsidy on Plant & Machinery
Skill upgradation for manpower
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Specific incentives
Area based – Backward areas
ST / SC / BC Entrepreneurs
Women Entrepreneurs
Start-up policy
Waste Management
Based on employment generation
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To dos from Govt.
No retrospective amendments
Ensuring Doctrine of Promissory Estoppel
Remove Red-tapism
Remove tax terrorism
Single window clearances
Changes in labour laws
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