Amendment status not verified — confirm the current text below against the official source.
VAT REIMBURSEMENT – in a tapered manner New MSMEs 75% of net VAT paid for 5 years Limited to 100% of cost of Plant & M/c New units in Priority Sector 100% of net VAT paid for 7 years Limited to 200% of cost of Plant & M/c Existing MSMEs taking up 75% of net VAT paid on increased Limited to 100% of additional 16 E / M / D production for 5 years cost of plant & M/c for E /M / D Existing units in Priority sector taking up E/ M / D 100% of net VAT paid on increased production for 7 years Limited to 200% of additional cost of Plant & M/c for E /M / D New Pioneer Units 100% of net VAT paid for 9 years Limited to 200% of cost of Plant & M/c Anchor Tenant in Industrial park 100% of net VAT paid for 9 years Limited to 200% of cost of Plant & M/c Above provision will be suitably replaced / modified after GST is introduced