Presently on the setting up of a new industrial unit or expansion of the existing unit in Maharashtra, state government provides subsidy through The Package Scheme of Incentives 2013 (PSI 2013) on fulfillment of the terms and conditions of the scheme.
or processing the cases from the year 2012-13 and onwards, ITC may be verified by viewing mis-match report and running the actual tax payment report (ATR). Assessing Authorities may come across cases wherein there may not be any mismatch, but the seller may also happen to be a local buyer.
The Gujarat Value Added Tax Tribunal in the case of Jupiter Engineers Vs. The State of Gujrat has, in the context of the Gujarat Sales Tax Act, 1969, held that a dealer is entitled to interest on refund even where such refund arises in appeal proceedings.
