MSME SGST INCENTIVES CHANGE
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In this blog you will know about “CHANGE IN SGST INCENTIVES WITH EFFECT FROM 01.04.2023 FOR MSME UNITS “.
The change in the quantum of SGST will be applicable for Industries who have gone into commercial production on or after 01.04.2023.
| No. (A) | Clause in Annexure- 4 of HEEP-2020 (B) | Category (C) | Current Provision (D) | Amended Provision (E) |
|---|---|---|---|---|
| 1 | 2.1 | Mega Project (D Block) | 75% for first 5 years, 35% for next 3 years with cap of 125% of FCI | 50% for first 5 years, 35% for next 3 years with cap of 125% of FCI |
| 2 | 3.1 | Large Project (D Block) | 75% for first 7 years, 35% for next 3 years with cap of 125% of FCI | 50% for first 7 years, 35% for next 3 years with cap of 125% of FCI |
| 3 | 4.1 | MSME (C Block) | 75% for first 7 years, 35% for next 3 years with cap of 125% of FCI | 50% for first 7 years, 35% for next 3 years with cap of 125% of FCI |
| 4 | 4.1 | MSME (D Block) | 75% for first 10 years, 35% for next 3 years with cap of 150% of FCI | 50% for first 10 years, 35% for next 3 years with cap of 150% of FCI |
| 5 | 4.1 | MSME (Woman/SC/ST led micro enterprise) | 75% for first 7 years, 35% for next 3 years in ‘B’, ‘C’ and ‘D’ category blocks with cap of 150% of FCI | 50% for first 7 years, 35% for next 3 years in ‘B’, ‘C’ and ‘D’ category blocks with cap of 150% of FCI |
| 6 | 4.31 | MSME (Startups) | 100% for 7 years with cap of 150% of FCI | 50% for 7 years with cap of 150% of FCI |
| 7 | 5.1 | Thrust Sector (C Block) • Auto, Auto Components & Light Engineering • Textiles and Apparels • Defence and Aerospace Manufacturing • Pharmaceutical & Medical Devices • Chemical and Petrochemicals • Large Scale Energy and Data Storage | 75% for 8 years with cap of 125% of FCI | 50% for 8 years with cap of 125% of FCI |
For, more information on this scheme you are requested to contact our KIP subsidy helpline on Mail – sales@kipfinancial.com and contact Number- +918683898080
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