Net SGST Reimbursement (MIIPP 2024)
A programme by Department of Commerce and Industries, Government of Meghalaya
Reimburses the net state GST a new unit pays, up to a ceiling tied to its investment, for longer in priority sectors than in others.
At a glance
| Best for | New GST-registered units in Meghalaya |
|---|---|
| Duration | 10 years (non-priority) or up to 15 years (priority sectors) |
About Net SGST Reimbursement (MIIPP 2024)
The net SGST reimbursement returns the state GST that a new unit pays, after deducting input tax credit. It is for new units only. Only new units with a valid GST number are eligible.
What you get
- Priority sectors: the full net state GST paid, for up to fifteen years from the start of commercial production or until the policy ends, whichever is earlier, up to a ceiling linked to the eligible value of the investment
- Non-priority sectors: the full net state GST for ten years from the start of commercial production, up to a ceiling linked to fixed capital investment
Who can apply
- New units with a valid GST identification number, in manufacturing or services
- Expanding units are not covered by this component
How to apply: Register the unit through the state's investment portal, then claim the incentive. The department is the nodal agency that disburses incentives, and the policy has it work with the Invest Meghalaya Authority on registration and claims. Confirm the registration closing date first, since the policy text and a later notification give different dates. Questions can go to industries-meg@gov.in.
Where to apply
Other Department of Commerce and Industries, Government of Meghalaya programmes
- State Capital Investment Incentive (MIIPP 2024)A subsidy on the cost of plant and machinery (manufacturing) or of building and durable assets (services), for new and expanding units.
- State Interest Subvention Incentive (MIIPP 2024)Support towards the interest on a loan taken for eligible plant and machinery, or building and durable assets, for up to seven consecutive years.
- Smaller cost reimbursements and subsidies (MIIPP 2024)Component reimbursements for transport, power, water, provident fund and special-category owners, each limited to the unit sizes the policy names.
- Customised incentive package (MIIPP 2024)A customised package for units making a very large investment, and for green-technology industries holding registered patents.
Everything about Department of Commerce and Industries, Government of Meghalaya