The Government of Jharkhand on June 19, 2024, notified regarding new provisions related to GST Reimbursement by deleting the provision related to GST Incentives in various industrial policies.
The following has been stated namely: -
• It states that the SGST Reimbursement in Jharkhand Textile, Apparel and Footwear Policy 2016 (JTAFP - 2016), Jharkhand Automobile and Auto Component Policy 2016 (JAAP - 2016), Jharkhand Industrial Policy 2012 (JIP - 2012), Jharkhand Industrial and Investment Promotion Policy 2016 (JIIP - 2016), Jharkhand Industrial and Investment Promotion Policy 2021 (JIIP - 2021), shall be deleted and replaced with new, as follows:
o "Industrial units shall be reimbursed for Net SGST paid by debiting the Electronic cash ledger against the intra-state supply of goods and services by the said Industrial unit after exhausting all the input tax credit available in the credit ledger and after deducting refund amount claimed if any. Actual realization in the state treasury means the goods or services supplied by the industrial unit and finally consumed within the state and SGST paid thereof realized in the state treasury."
o SGST reimbursement will be made annually as per respective policy provisions.
This shall come into effect on July 01, 2017.
[Notification no. - 06/30Ni./Rules (Grant)-13/2017 (Section-1)730]
