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GIFT City: Difference between revisions
→Tax Incentives for IFSC Unit
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|Exemption from STT, CTT, stamp duty in respect of transactions carried out on IFSC exchanges | |Exemption from STT, CTT, stamp duty in respect of transactions carried out on IFSC exchanges | ||
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=== Tax incentives available to SEZ Units other than IFSC units === | |||
* Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units | |||
* Exemption from customs duty for all goods imported in the SEZ used for authorized operations | |||
* Supply of goods or services from Domestic Tariff Area (DTA) to a unit located in SEZ Unit is regarded as a zero-rated supply (irrespective of the currency in which payment is being made). | |||
* Goods and Services supplied to SEZ regarded as export for customs purpose | |||
* Goods and Service Tax (GST) | |||
* Supplies to SEZ are Zero Rated under IGST Act, 2017 | |||
* No GST on services, | |||
** Received by unit in SEZ/IFSC | |||
** Provided by SEZ/IFSC units to offshore clients | |||
* Single window clearance for Central and State level approvals | |||
==== State Subsidies as per the IT & ITeS Policy ==== | |||
{| class="wikitable" | |||
|Stamp Duty & Registration / Conversion fee exemption | |||
|Wherever cost is incurred 100% reimbursement of Stamp Duty and Registration Fee paid | |||
|- | |||
|Electricity duty and subsidy on tariff | |||
|100 % Reimbursement of Electricity duty and Re. 1 subsidy on power tariff for a period of 5 years. | |||
|- | |||
|Reimbursement of Provident Fund contribution by employer | |||
| | |||
* 100% of EPF amount paid in case of female employees | |||
* 75% of EPF amount paid in case of male employees | |||
|- | |||
|Lease rental subsidy for every 50 sq ft per employee | |||
| | |||
* Up to 20 employees -- Rs. 8 per sq. ft. | |||
* 20 – 100 employees -- Rs. 5 per sq. ft. | |||
* Above 100 employees -- Rs. 3 per sq. ft. | |||
|- | |||
|Capital Subsidy | |||
|Capital subsidy @ 25% of capital expenditure for one-time purchase of Computers, networking and related hardware, subject to a ceiling of Rs. 1 crore | |||
|} | |||
<nowiki>*</nowiki>The above incentives provided by the Government of Gujrat are applicable to IFSC and GIFT SEZ Units. | |||
=== Operational Benefits: === | === Operational Benefits: === | ||
''''' 1. Exemption from currency control regulations to IFSC Units:''''' | ''''' 1. Exemption from currency control regulations to IFSC Units:''''' | ||