Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for State Goods and Services Tax (SGST)

Incentive Scheme for MSMEs in Powerloom Sector: Subsidy for State Goods and Services Tax (SGST) क्या है?

“Subsidy for State Goods and Services Tax (SGST)” incentive under the “Incentive Scheme for MSMEs in Powerloom Sector” scheme implemented by the Dept. of MSME & T, Government of West Bengal, aims to provide refund of Net SGST paid to the Government of West Bengal for its approved project.

लाभ

**Zone B & C:** 30% of Net SGST paid for 8 years from the date of commencement of commercial production. **Zone D & E:** 50% of Net SGST paid for 8 years from the date of commencement of commercial production. > **Note:** Cumulative refund of SGST shall not exceed 75% of Fixed Capital Investment.

स्तर

State — West Bengal

मंत्रालय / विभाग

Micro, Small & Medium Enterprises and Textiles Department

लाभ का प्रकार

cash

मुख्य पात्रता

- The Scheme shall be generally applicable to all micro, small, and medium enterprises (MSMEs) in the powerloom sector. - Enterprises must have started production from 01.01.2022 to 31.12.2024. - Enterprises should have executed a Four-party agreement with the Directorate of Textiles, Financial inst

अंतिम सत्यापन

Recently

Benefits

**Zone B & C:** 30% of Net SGST paid for 8 years from the date of commencement of commercial production. **Zone D & E:** 50% of Net SGST paid for 8 years from the date of commencement of commercial production. > **Note:** Cumulative refund of SGST shall not exceed 75% of Fixed Capital Investment.

Eligibility

Documents Required

How to Apply

1. Step 1: Offline application — step 1

   An eligible enterprise shall apply in prescribed format in FORM-E to the Commissioner of Commercial Taxes, West Bengal at the close of each year requesting him to certify the total amount of SGST paid (excluding input credit) by it in respect of goods manufactured and sold during the year in respect of which the application has been made. Time frame for submission of first Application: Within 12 months from the date of commencement of commercial production (01.01.2022 to 31.12.2024). Address: THE COMMISSIONER, COMMERCIAL TAXES, DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA-700015

Sources & References

• Official scheme website ↗
• Information is summarised from official government sources. Verify all details on the official website before applying.