Punjab to revive industry in post-Covid era with fiscal incentives
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IANS
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Published on
Fri, Feb 19 2021 16:57 IST
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Rupees.. Image Source: IANS News
Chandigarh, Feb 19 : To promote post-Covid-19 industrial revival and attract greater investment, the Punjab Cabinet on Friday gave approval to amend the Industrial and Business Development Policy of 2017 for extension of GST formula for availing incentives under the policy till October 17, 2022.
The fiscal incentive under this policy was only applicable for investment proposals received by March 31, 2020 on the Invest Punjab Business First Portal.
With the Cabinet decision, the GST formula notified on October 17, 2018 will be extended for availing the incentive.