How GST Will Work In Northeast India
1. Industries in the Northeastern and Himalayan states will continue to get tax exemption till March 2027.
2. Within the framework of the GST Act each industry will be entitled to its own refund mechanism during this particular period (till March 31, 2027).
3. The cabinet committee on economic affairs, chaired by Prime Minister Narendra Modi, has approved the scheme to provide budgetary support under the goods and service tax (GST) to eligible industrial units in Jammu & Kashmir, Uttarakhand, Himachal Pradesh and Northeastern states.
4. The support shall be available for the residual period (10 years from the date of the commercial production) in the Northeast and Himalayan states.
Esta historia es de la edición September 2017 de Eastern Panorama.
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