Govt modifies budgetary support to manufacturing units in reimbursement of IGST

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JAMMU, Feb 28: The government on Friday notified some modifications in Budgetary Support Scheme to the manufacturing units in the shape of reimbursement of Integrated Goods and Service Tax (IGST) under the scheme.
“In partial modification to notification SRO 431 of 2018 dated September 25, 2018 regarding Budgetary support to the manufacturing units in the shape of reimbursement of Integrated Goods and Service Tax (IGST) under the scheme Jammu and Kashmir reimbursement of Integrated Goods and Service Tax for promotion of small/medium/large scale Industries in the State of Jammu and Kashmir, the Government hereby added, “Notwithstanding anything to the contrary contained in this notification but subject to the provisions of clause 5.1 the industrial units which have failed to file their claims on due date can also avail the benefit of the scheme provided they had filed all the due returns up to the month of June, 2019 by 20thJuly, 2019. The industrial units shall file their claims up to the period 20th June, 2019, by or before 15th March, 2020 to avail the benefit” after clause 5.1,” reads the SO 70 notification issued by Dr. Arun Kumar Mehta, Financial Commissioner, Finance Department.

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