section 114
Proportionate incentives to an Eligible Unit in certain contingencies
The Maharashtra Value Added Tax Act, 2002Tax200298 of 123 sections available15 chapters
Statutory text
Proportionate incentives to an Eligible Unit in certain contingencies.
- (1) Where an Eligible Unit, to whom the Certificate of Entitlement has been granted, is closed down or discontinues its production or operation during the period for which the incentives are available, the incentives shall be allowed only in proportion to the period during which the unit was in operation.
- (2) The Commissioner may prescribe the manner in which the proportionate incentives shall be calculated and allowed to the Eligible Unit.
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