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Punjab to amend industrial policy to avail incentives through extension of GST formula


Punjab to amend industrial policy to avail incentives through extension of GST formula
ANI |
Updated: Feb 19, 2021 21:57 IST
Chandigarh (Punjab) [India], February 19: To promote post-COVID industrial revival and attract greater investment, the Punjab Cabinet led by Chief Minister Captain Amarinder Singh on Friday gave the approval to amend the Industrial and Business Development Policy, 2017, to extend the Goods and Services Tax (GST) formula for availing incentives under the policy till October 17, 2022.
The move is also prompted by feedback or suggestions from certain industry associations for extending the last date of claiming the GST incentive, given in the notification dated October 17, 2018, and make this last date as coterminous till the expiry of the Industrial Policy of the state, according to a statement by the Punjab government.

India , Services-tax , Business-development , Punjab-cabinet , Chief-minister-captain-amarinder-singh , Business-development-policy , Industrial-policy , Invest-punjab-business-first , Gross-state-domestic-product , Punjab-fiscal-responsibility , Budget-management