Home / Knowledge / News / Textiles / GST will not impact promised Madhya Pradesh tax incentives
GST will not impact promised Madhya Pradesh tax incentives
16
Aug '16
Speaking at a CII event on 'Investment Opportunities' in Madhya Pradesh, chief minister Shivraj Singh Chouhan said implementation of the Goods and Services Tax (GST) will not impact tax incentives provided by the state currently.

“The tax concessions that we offer will continue after the implementation of GST, for which we will set up a task force, so that some of the benefits which were committed earlier will be continued,” Chouhan informed.

"VAT, CST and entry tax will be replaced with GST and whatever incentives the investors received under VAT or any other tax, will be protected under the GST regime,” the chief minister stated.

Ahead of the Global Investors Summit (GIS) to be held in October, the state has identified 10 focus sectors for investment which include textiles, automobiles, engineering, renewable energy, pharmaceuticals, etc. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search