AGSLITSNGR
Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector: Net SGST Reimbursement
The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" aims to provide incentives to attract increased investments in the manufacturing sector to create more employment opportunities in Gujarat.
States / UT: Gujarat
Nodal department: Industries and Mines Department
Scheme for: Infra
Scheme profile
DBT (direct benefit transfer): No
Scheme open date: 2022-10-05
Categories: Business & Entrepreneurship
Sub-categories: Setting up / start-up / entrepreneurship, Taxes
Target beneficiaries: Business Entity, Industries
Tags: Business, Entrepreneurship, Large Industries, Thrust Sector, Net SGST Reimbursement
Details
The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" is an umbrella scheme launched by the Industries and Mines Department, Gujarat. It aims to empower the state's dynamic large-industry sector, which significantly contributes to employment, GDP, and exports. Effective from October 5, 2022, to October 4, 2027, this initiative supports growth, investments, and the vision of "Aatmanirbhar Gujarat" and "Aatmanirbhar Bharat."
The component "Net SGST Reimbursement" is designed to incentivize large industrial undertakings by reimbursing a portion of their SGST for a specific period (10 years), based on the category of their taluka and sector.
Benefits
- Category of Taluka General Thrust Category 1100% of net SGST for 10 years upto 7.5% of eFCl p.a. 100% of net SGST for 10 years upto 8% of eFCl p.a. Category 290% of net SGST for 10 years upto 6.5% of eFCl p.a. 90% of net SGST for 10 years upto 7% of eFCl p.a. Category 380% of net SGST for 10 years upto 5% of eFCl p.a. 80% of net SGST for 10 years upto 5.5% of eFCl p.a. Note : 1. The period of 10 years shall be from the date of commencement of commercial production. 1. List of Taluka categories
Category of TalukaGeneralThrustCategory 1100% of net SGST for 10 years upto 7.5% of eFCl p.a. 100% of net SGST for 10 years upto 8% of eFCl p.a. Category 290% of net SGST for 10 years upto 6.5% of eFCl p.a. 90% of net SGST for 10 years upto 7% of eFCl p.a. Category 380% of net SGST for 10 years upto 5% of eFCl p.a. 80% of net SGST for 10 years upto 5.5% of eFCl p.a.
Note:
- The period of 10 years shall be from the date of commencement of commercial production.
- List of Taluka categories.
Eligibility
- A new large industrial undertaking, or an existing one that undertakes expansion and/or diversification, is eligible for this scheme.
- The large industrial undertaking must have obtained acknowledgment/registration, as the case may be from DPIIT.
- The industry should commence commercial production during the scheme's operative period.
- Undertakings must have a separate GST registration for the eligible manufacturing unit.
- Compliance with SGST guidelines and no fraudulent reporting of sales.
- Only eligible goods manufactured in the premises qualify for reimbursement.
Exclusions
Application Process
Online
Registration Process:
Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "New Investor Registration" to access the registration form.
Step-2: Fill in the Registration Form. Click on "Submit".
Step-3: Verify the E-mail ID using the link sent on your registered E-mail ID.
Step-4: After verification, you will be registered successfully.
Post-Registration Process:
Step-1: Visit the Investor Facilitation Portal (IFP) portal. Click on "Login".
Step-2: Enter the email address and password you used during registration.
Step-3: Click the "Login" button to access your account.
Step-4: Now fill in the required details and mandatory documents about your business to complete the application process.
Helpdesk: Contact Here
Clarifications
Additional points from the scheme information published on myScheme (not legal advice).
- What is the "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector"?
- The "Aatmanirbhar Gujarat Scheme for assistance to Large Industries and Thrust Sector" is a state initiative designed to support and strengthen the Large Industry and Thrust sector in Gujarat. It aims to enhance growth, encourage investments, and contribute to the vision of self-reliant Gujarat and India.
- When is the scheme operative?
- The scheme is operative from October 5, 2022, to October 4, 2027, covering a period of 5 years.
- What are the objectives of the scheme?
- The scheme aims to boost Large Industry growth, enhance the industrial ecosystem, encourage investments, and contribute to Gujarat's and India's self-reliance vision.
- Who is eligible to benefit from the scheme?
- Large Industries established and operating within Gujarat are eligible to benefit from the scheme, as per the criteria defined in the policy framework.
- What is "Net SGST Reimbursement" component?
- Net SGST Reimbursement is a financial incentive provided to eligible large industrial undertakings for the reimbursement of State Goods and Services Tax (SGST) paid on eligible goods they manufacture.
- How long will a business receive SGST reimbursement?
- A business can receive SGST reimbursement for a period of 10 years, starting from the date of commencement of commercial production.
- How is the SGST reimbursement amount calculated?
- The SGST reimbursement amount is calculated based on the taluka category of the project and the ceiling percentage of the eligible financial cost (eFCl) for the sector in which the business operates.
- What is the maximum SGST reimbursement percentage a business can claim?
- Depending on the taluka category and the sector, businesses may claim up to 100% reimbursement of SGST, with varying percentages based on specific criteria.
- How often is SGST reimbursement disbursed?
- SGST reimbursement is disbursed on a quarterly basis to eligible businesses.
- What happens if a business misreports its sales?
- If a business misreports sales, its eligibility certificate may be canceled, and the business will be required to return the incentives received, along with interest at the rate of 18% per annum.
- Can a business apply for SGST reimbursement if it also engages in trading activities?
- No, businesses that engage in trading activities must obtain a separate GST registration for manufacturing in order to apply for SGST reimbursement.
- Is there a limit on how much SGST reimbursement a business can claim?
- Yes, the reimbursement is subject to specific ceiling limits based on the taluka category and eligible financial cost (eFCl) for the sector.
- Does each industrial project need a separate GST registration?
- Yes, each industrial project must have a separate GST registration if it is applying for SGST reimbursement under the scheme.
- Can a business claim SGST reimbursement for resold goods?
- No, SGST reimbursement is only applicable to goods that are manufactured within the premises of the business, not for goods that are resold.
- What role does a Chartered Accountant play in the SGST reimbursement process?
- A Chartered Accountant is responsible for certifying the business's books of accounts and ensuring that the business is in compliance with the SGST reimbursement guidelines.
Definitions
- Large Industrial Undertaking
- Thrust Sector
- Gross Fixed Capital Investment (GFCI)
- Eligible Fixed Capital Investment (EFCI)
- Date Of Commercial Production (DaCP)
Official links
- https://www.myscheme.gov.in/schemes/agslitsngr
- https://ic.gujarat.gov.in/documents/commondoc/2022/Atmanirbhar%20Gujarat%20Scheme%20for%20assistance%20to%20Large%20Industries%20and%20Thrust%20Sector.pdf
- https://ic.gujarat.gov.in/documents/commondoc/2023/Aatmanirbhar%20Gujarat%20Scheme%20for%20assistance%20to%20Large%20Industries%20and%20Thrust%20Sector%20%20%E2%80%93%20Guideline.pdf
- https://ifp.gujarat.gov.in/IC/digigov.htm?actionFlag=loadCitizenRegPage
- https://imd.gujarat.gov.in/Document/I%20Branch_2297_02_Nov_2020_98.pdf
References
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