Yozni.Login
Goabusiness-entrepreneurship

Goa State Logistics And Warehousing Incentives Scheme: Subsidy on Stamp Duty and Registration Charges

The scheme provides financial assistance by reimbursing Stamp Duty and Registration Charges paid by prospective developers engaged in the establishment of Logistics and Warehousing projects. The scheme provides 100% reimbursement, capped at ₹10,00,000/- for Stamp Duty.

Ministry / Department
Commercial Taxes Department
Level
State
Benefit type
cash
Last verified: Recently

What is Goa State Logistics And Warehousing Incentives Scheme: Subsidy on Stamp Duty and Registration Charges?

The scheme provides financial assistance by reimbursing Stamp Duty and Registration Charges paid by prospective developers engaged in the establishment of Logistics and Warehousing projects. The scheme provides 100% reimbursement, capped at ₹10,00,000/- for Stamp Duty.

Benefit
**Stamp Duty Reimbursement:** 100% subject to a maximum of ₹10,00,000/-. **Registration Charges Reimbursement:** 100% subject to a maximum of ₹10,00,000/-. - The reimbursement is applicable on the purchase of land meant for use in logistics and warehousing. - The subsidy covers Stamp duty for the lease of Land/Shed/Building paid for a year. - Stamp duty is reimbursed in respect of bonds or mortgage deeds executed in favour of Economic Development Corporation Limited (EDC Ltd.) and scheduled commercial banks. - Stamp duty is reimbursed for lease deed documents in respect of allotment of plots and sheds by Goa Industrial Development Corporation (GIDC). - The reimbursement is applicable to all eligible New Entities and expansion/Diversification projects, regardless of whether the land paid for is Private land or Government land. - The reimbursement is available one time for Stamp Duty and one time for Registration Charges. - Eligible Entities must submit their claims in the prescribed application form (ANNEXURE-VIII) through the designated Goa Online Portal. - Entities should only apply for the subsidy after the completion of construction of the project and the commencement of commercial operations.
Level
State — Goa
Ministry / Dept.
Commercial Taxes Department
Benefit type
cash
Key eligibility
- The applicant must be an eligible Entity providing Logistics and Warehousing services in Goa. - The applicant must own a business unit in Goa. - The applicant must be a non-mega industry, meaning projects with investment less than ₹1,00,00,00,000/- and/or employment generation less than 1000 Goans
Last verified
Recently

Benefits

**Stamp Duty Reimbursement:** 100% subject to a maximum of ₹10,00,000/-. **Registration Charges Reimbursement:** 100% subject to a maximum of ₹10,00,000/-. - The reimbursement is applicable on the purchase of land meant for use in logistics and warehousing. - The subsidy covers Stamp duty for the lease of Land/Shed/Building paid for a year. - Stamp duty is reimbursed in respect of bonds or mortgage deeds executed in favour of Economic Development Corporation Limited (EDC Ltd.) and scheduled commercial banks. - Stamp duty is reimbursed for lease deed documents in respect of allotment of plots and sheds by Goa Industrial Development Corporation (GIDC). - The reimbursement is applicable to all eligible New Entities and expansion/Diversification projects, regardless of whether the land paid for is Private land or Government land. - The reimbursement is available one time for Stamp Duty and one time for Registration Charges. - Eligible Entities must submit their claims in the prescribed application form (ANNEXURE-VIII) through the designated Goa Online Portal. - Entities should only apply for the subsidy after the completion of construction of the project and the commencement of commercial operations.

Eligibility

- The applicant must be an eligible Entity providing Logistics and Warehousing services in Goa. - The applicant must own a business unit in Goa. - The applicant must be a non-mega industry, meaning projects with investment less than ₹1,00,00,00,000/- and/or employment generation less than 1000 GoansArea: GoaBenefit: cash

Documents Required

    How to Apply

    1. Step 1: Online application — step 1

      *The entity who wishes to avail incentives must first be registered on the Goa Online portal (www.goaonline.gov.in) and must have already obtained necessary business approvals through the portal.

    2. Step 2: Online application — step 2

      Step 1: Visit the Official Web Portal of Goa Online. At the top right corner, click " Register ".

    3. Step 3: Online application — step 3

      Step 2: On the next page, verify your Email ID and Mobile Number using OTP. You will be redirected to the Registration Page.

    4. Step 4: Online application — step 4

      Step 3: On the Registration Page, fill in all the mandatory fields of the registration form. Create a Login Name and a strong Password. Carefully read the Declaration and the Terms & Conditions, and tick the checkboxes. Fill in the Captcha Code, and click "Register/Signup".

    5. Step 5: Online application — step 5

      Step 4: Login to the website using your Login Name and Password. Fill in the Captcha Code, and click "Login".

    6. Step 6: Online application — step 6

      Step 5: In the top ribbon, click on "Services", then click on " IT Services ". Click on "Incentives on Logistics and Warehousing Sector" . You will be taken to the application form for the scheme. Fill in all the mandatory fields and upload all the mandatory documents.

    7. Step 7: Online application — step 7

      Step 6: Submit the application. A unique registration number will be generated. Note this number for future reference.

    8. Step 8: Online application — step 8

      Post-Application Processes

    9. Step 9: Online application — step 9

      Step 1: Upon receiving the application, the Directorate of Industries, Trade and Commerce (DITC) should raise a query to the applicant for any shortfall observed in the application form or the submitted documents.

    10. Step 10: Online application — step 10

      Step 2: Upon successful verification of the applications and documents submitted, the DITC should designate an official to inspect the Entity and verify all the records and documents as per the verification-cum-recommendation checklist (Annexure X). The inspecting officers are responsible for uploading the inspection report into the portal within 48 hours, which will then be made available to the entrepreneur through their login. Key details verified during inspection include the address of the Land/Building, Category of the project, Date of completion of construction, and Date of commencement of commercial operation.

    11. Step 11: Online application — step 11

      Step 3: After receiving the Inspection Report, the application is marked to the Chief Executive Officer, Goa Investment Promotion and Facilitation Board (Goa-IPB) for due diligence procedures.

    12. Step 12: Online application — step 12

      Step 4: Following the recommendation from the Chief Executive Officer (Goa-IPB), the DITC will prepare an appraisal note for the case to place before the Incentive Review Committee (IRC). The IRC shall scrutinize and sanction the claims.

    13. Step 13: Online application — step 13

      Benefit Disbursal

    14. Step 14: Online application — step 14

      After receiving the Incentive Review Committee recommendations, the DITC will prepare the approval note for placing before the Accounts Department for the disbursement of incentives. All sanctioned claims will be organized chronologically and disbursed to the respective entities following due procedure.

    15. Step 15: Online application — step 15

      *The application processing and the final disbursement of the incentive amount must be completed within a maximum period of 90 days from the date the application is received.

    Sources & References

    Ready to apply?

    Applications are accepted only on the official government portal.

    Open Official Website