The Finance Department, Govt. of Rajasthan on January 03, 2025, issued the Rajasthan Investment Promotion Scheme, 2024 – Procedural Guidelines.
The following has been stated namely: -
• These Guidelines are meant to simplify the information fields and supporting documents that the Enterprise must provide for various incentives.
• It states that the State envisages developing a C3 'Single Profile System' for each enterprise (as a vendor, taxpayer, or investor) through an enterprise management module.
• It states that for an eligible existing Enterprise making an investment for expansion or as a phased investment, the date on which the Enterprise issues the first bill of supply/bill of sale/tax invoice of the goods manufactured or services rendered after completion of expansion/phased investment (as the case may be) shall be the date which is considered as the date for commencement of commercial operations for the said phase.
• It further states that in case of an Enterprise making an investment for expansion or as a phased investment, the EFCI shall be computed as the eligible investment made until the Enterprise issues the first bill of supply/bill of sale/tax invoice of the goods manufactured or services rendered post the completion of expansion I phased investment (as the case may be) in respect of the Project.
Detailed notification is attached below.
[Notification no. - F.12(32)FD/Tax/2024-118]
