The Cabinet Committee on Economic Affairs, CCEA today gave its approval to the Scheme of providing budgetary support under Goods and Service Tax Regime for the eligible industrial units located in hill States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim. <br/><br/>A budgetary support of 27,413 crore rupees for the scheme has been approved for the period from 1st July 2017 till 31st march 2027 for such industrial units located in these states which availed the benefit of Central Excise exemption prior to coming into force of GST regime.<br/><br/>Upon repeal of the Central Excise duty laws, the Government has decided to refund the central share of CGST and IGST to the affected eligible industrial units for the residual period in the States of North Eastern region and Himalayan States. <br/><br/>Department of Industrial Policy and Promotion will notify the Scheme, including detailed operational guidelines for implementation of the scheme within 6 weeks.<br/><br/>It is estimated that total number of 4284 eligible units located in the States will be benefitted from the scheme.
News On AIR | August 16, 2017 6:20 PM
CCEA approves budgetary support under GST for eligible industrial units in hill States & NE States