Value Added Tax (VAT)

(1) The Value Added Tax (VAT) payable by an industrial Unit shall be deferred for a period of 10 (ten) years and up to 12 (twelve) years for notified thrust industry from the date of commencement of actual commercial production. These units will be permitted to collect VAT along with bill throughout the entire period of deferment as the case may be. At the end of the deferment period, the VAT collected will have to be remitted to Government Account in four half yearly instalments. For those industrial units which are already enjoying the sales tax exemption the same will be converted into VAT deferral scheme as above for the remaining periods of their exemption as the case may be. (2) The levy of State Excise Duty and Sales Tax on units manufacturing alcoholic/beer products shall be governed by such notifications as may be issued by the State Government from time to time. (3) Central Sales Tax shall not be exempted.