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‘Funding Subsidy in lieu of Web SGST of Haryana’
notified below the Haryana Enterprises & Employment Coverage,2020
(dated 29.12.20) – a horny incentive scheme for varied
classes of enterprises.

INTRODUCTION

With an goal to determine Haryana as a favoured funding
vacation spot and producing jobs within the State, the Industries and
Commerce Division of the Haryana Authorities had introduced the Haryana Enterprises and Employment Coverage-2020
(HEEP) on 29 December 2020. The HEEP envisaged quite a lot of fiscal
incentives “for lowering price of doing enterprise to make the
business aggressive and sustainable” for varied classes
of enterprises. In pursuance thereof, the Haryana authorities has
notified the ‘Funding Subsidy in lieu of Web
SGST’ (the Scheme) on 29 July 2021 which can also be in line
with the modifications launched in tax administration, put up
implementation of GST.

SALIENT DETAILS OF THE SCHEME

Quantum of incentives and key circumstances

1. Extremely-Megaprojects





Quantum of incentives Key Circumstances
Customised bundle of incentives with the quantum
and interval shall be determined by the Haryana Enterprises Promotion
Board (HEPB).

Iconic Tasks with minimal Fastened Capital Funding (FCI)


  1. INR 6,000 crore in A Blocks*

  2. INR 4,500 crore in B Blocks

  3. INR 3,000 crore in C Blocks

  4. INR 1,500 crore in D Blocks

* The Haryana authorities has declared and demarcated areas in
the State as ‘A’ Blocks, ‘B’ Blocks, ‘C’
Blocks and ‘D’ Blocks for the implementation of the
Scheme.

2. Mega Tasks





Quantum of incentives Key Circumstances

For models established in D Blocks with cap of 125% of FCI


  • 75% of Web SGST for 1st 5 years

  • 35% of Web SGST for subsequent 3 years


For models established in C Blocks with cap of 100% of FCI


  • 50% of Web SGST for 1st 5 years

  • 25% of Web SGST for subsequent 3 years


For models established in B Blocks with cap of 100% of latest FCI
from the date of graduation of business manufacturing


  • 30% of Web SGST for 1st 5 years

  • 15% of Web SGST for subsequent 3 years


5% of FCI for 8 years in equal annual instalments


  • For tasks with inverted duties

  • For models with Web SGST

Tasks with minimal FCI –


  1. INR 200 crore in B Blocks

  2. INR 100 crore in C Blocks

  3. INR 75 crore in D Blocks


A mission endeavor growth / diversification and recognized
service enterprises with similar standards of funding shall even be
handled as a Mega Undertaking.


Particular Package deal of incentives for Mega Tasks having potential
to develop ancillary enterprises or cluster institution /
relocation with similar standards of funding shall be determined by the
HEPB based mostly on Price Profit Evaluation.


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