Liability to pay tax under Assam Goods and Services Tax Act, 2017 by an eligible manufacturing units under Assam Industries (Tax Exemption) Scheme. 2015.

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..... 90/2016/70.- WHEREAS in pursuance of Industrial and Investment Policy of Assam, 2014, tax exemptions were granted to eligible manufacturing units under the Assam Industries (Tax Exemption) Scheme, 2015, hereinafter referred to as the Scheme; AND WHEREAS in pursuance to Constitution (One Hundred and First Amendment) Act, 2016 and the decision of the Goods and Services Tax Council, the Goods and .....

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..... ot compatible to GST regime and hence the GST Council constituted under Article 279A decided that all entities exempted from payment of indirect tax under any existing tax incentive scheme shall pay tax in the GST regime; Now, therefore, the Governor of Assam hereby notifies that: (a) the provisions of the Assam Industries (Tax Exemption) Scheme, 2015 shall cease to operate on and from the .....

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..... strial and Investment Policy of Assam, 2014, shall be liable to pay tax under the Assam Goods and Services Tax Act, 2017 from the date of its coming into force: Provided that appropriate GST compatible Scheme shall be framed for reimbursement of the eligible amount of tax to such units, out of the tax collected from them under the Assam Goods and Services Tax Act, 2017 . This notificati .....

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