Government of Punjab Department of Industries and Commerce (Policy Implementation Unit) Corrigendum Dated: 67—03 — 20/9 No. PIU/IBDP-2017/Amendments/2019/ [202 With reference to the Notification No.PIU/IBDP-2017/Amendments/2018/4888 Dated: 17-10-2018 of the ‘Industrial & Business Development Policy-2017’ notified vide No.CC/Addl.Dir/Industrial & Business Development/2017/1369 dated: 17/10/2017, the Governor of Punjab is pleased to make following amendments in the aforesaid notification:-
1. After Clause (iv) in the said notification, Clause (v) will be added as under: - v. The units which have filed Common Application Form (CAF) on the Invest Punjab- BusinessFirst Portal of the Govt. of Punjab in response to the IBDP 2017 policy between
17.10.2017 and 17.10.2018 (both days included) shall have the one-time option to opt either for Net GST Incentives as per para (i) of the notification namely No. PIU/IBDP- 2017/Amendments/2018/4888 dated: 17-10-2018 or Incentivized SGST on intra State sale as per detail given in clause (a) and (b) below. They shall be allowed to exercise this option within 90 days from the date of this notification.
a) Definition:
Incentivized SGST to be considered for Reimbursement means that the eligible unit will be entitled to get reimbursement of SGST amount paid through cash ledger against the output liability of SGST on sale of eligible products. The eligible unit shall first have to utilize all the eligible ITC available in its Credit Ledger maintained on the common portal, including eligible ITC of IGST as provided under Section 49 of the Punjab Goods & Services Tax Act, 2017 as may be amended from time to time, before adjusting the SG5T amount through Cash Ledger.
b) Terms and Conditions:
(i) Separate registration by eligible unit under GST: Eligible unit shall have to obtain a separate registration under GST Act for manufacturing of eligible products only. The eligible unit shall not carry out any trading activity or any services not relating to eligible products from its place of business. The eligible unit shall have to obtain a separate registration, if the unit carries out trading activity or any services not relating to eligible products.
(ii) Incentives shall be allowed only for eligible goods manufactured in the eligible unit and not on the resale of goods.
(iii) (a)The Incentivized SGST reimbursement shall be available to the eligible unit only on the eligible goods sold for consumption in Punjab only;
(b)While claiming the incentives, the eligible unit shall give an undertaking that, to the best of its knowledge & record, the goods on which incentives have been claimed, were finally sold in the State of Punjab only;
(c)The eligible unit shall distinguish between the goods for sale in Punjab and goods for sale outside Punjab;
(iv)
(v)
(vi)
(vii)
(d)The eligible unit shall make a mechanism to gather market intelligence from time-totime to get alert about possible diversion of eligible goods for inter-state consumption and take steps commensurate with such diversion in consultation with the State Government;
(e) The eligible unit shall act with sufficient alacrity if the State Government provides any evidence of material diversion of any incentivized goods for inter-State consumption;
(f) The eligible unit shall take such other steps as are consistent for the purpose of enforcing the spirit of the provision that the eligible goods are not diverted in any material quantity outside the State;
(g)The eligible unit shall devise appropriate mechanism so that its distributers or buyers of eligible goods are sufficiently deterred from indulging in any unscrupulous practice for the diversion of intra-state supplies for inter-state supplies;
(h)The eligible unit shall also undertake that, If subsequently, it comes to the knowledge of the eligible unit or of the department that the goods on which incentives have been claimed were sold in violation of sub clauses (a) & (b) of the clause (iii), the corresponding amount of incentives along with simple interest @18% from the date of disbursement upto the date of payment shall be refunded to the State-exchequer by the unit. This shall be in addition to any other action taken/liable to be taken by any other competent authority under any law in force;
If the industrial undertaking is already manufacturing the same product in one or more existing industrial units in Punjab owned by it or by its subsidiary, then the total statewide turnover from all such units including the new unit(s) of the same product for five consecutive years commencing from the year in which the industrial undertaking avails incentive under this notification shall not be lower than the statewide average turnover of the same product in the immediately preceding three financial years from the year in which the industrial undertaking avails incentive under this notification. If the total turnover in any of the five consecutive years is lower than the average turnover of the immediately preceding three years from the year in which the industrial undertaking avails incentive under this notification, the incentive under the Head of Incentivized SGST reimbursement shall be revoked for that financial year.
The competent person authorized by Administrative Secretary, Department of Excise & Taxation shall certify Incentivized SGST deposited by the eligible unit during the financial year for which claim has been filed, in prescribed format SG5T-1 as per Detailed Schemes & Operational Guidelines-2018.
The eligible unit shall also submit the details of amount of reimbursement claimed in the prescribed preforms duly certified by a Chartered Accountant. The Performa shall include a declaration by the eligible unit stating that it has not shown its inter-state sales as intrastate sales through any intermediary controlled by it in order to get higher incentives.
All other conditions as mentioned in the Industrial & Business Development Policy 2017 read with Detailed Schemes and Operational Guidelines, 2018 for availing fiscal incentives under IBDP 2017 shall be applicable. ~~ Vini Mahajan, IAS Dated: 0/— 03—20[9 Additional Chief Secretary to Govt of Punjab Department of Industries and Commerce No. PIU/IBDP-2017/Amendments/2019/ | 20Y—|2-2.& Dated: 0 7—eo3— 2019 A copy is forwarded to the following for information and necessary action:- 1,
22.
23.
Additional Chief Secretary, Animal Husbandry, Fisheries and Dairy Development, Government of Punjab, Chandigarh.
Additional Chief Secretary, Excise & Taxation, Government of Punjab, Chandigarh.
Additional Chief Secretary, Department of Housing & Urban Development, Government of Punjab, Chandigarh.
Additional Chief Secretary, Revenue, Government of Punjab, Chandigarh.
Additional Chief Secretary to Government of Punjab, Department of Health & Family Welfare, Chandigarh Additional Chief Secretary, Development, Government of Punjab, Chandigarh.
Additional Chief Secretary to Government of Punjab, Department of Food Processing, Chandigarh Additional Chief Secretary to Government of Punjab, Department of Medical Education & Research, Chandigarh.
. Additional Chief Secretary to Government of Punjab, Department of Higher Education, Chandigarh.
. Principal Secretary, Local Government, Government of Punjab, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Finance, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Planning, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Non-Conventional Energy, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Labour, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Power, Chandigarh . Principal Secretary to Government of Punjab, Department of Food, Civil Supplies & Consumer Affairs, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Information Technology, Chandigarh.
. Principal Secretary to Government of Punjab, Department of Science Technology & Environment, Chandigarh.
. Secretary, Technical Education and Industrial Training, Government of Punjab, Chandigarh.
. Secretary, School Education, Government of Punjab, Chandigarh . Secretary to Government of Punjab, Department of Tourism & Cultural Affairs, Chandigarh.
Secretary to Government of Punjab, Department of Civil Aviation, Chandigarh.
Chief Executive Officer, Investment Promotion, Government of Punjab, Chandigarh.
Special Secretary to'Government of Punjab Department of Industries & Commerce No. PIU/IBDP-2017/Amendments/2019/ | 9 2 7— [22 g Dated: 07—03— 22/1 A copy is forwarded to the following:- 1, 2:
0SD/CPSCM for the kind information of Chief Principal Secretary/Hon’ble CM, Punjab, Chandigarh.
Secretary/ CS for the kind information of Chief-Secretary, Punjab, Chandigarh.
Special Secretary to'Government of Punjab Department of Industries & Commerce No. PIU/IBDP-2017/Amendments/2019/ [2-29— [2.30 Dated: 67~o 3—20l7 A copy is forwarded to the following for information:-
1. Additional Chief Secretary to Govt. of Punjab, Department of Industries & Commerce, Punjab, Chandigarh.
2. Director, Department of Industries & Commerce, Punjab,/Ghandigarh.
Special Secretary to Government of Punjab Department of Industries & Commerce No. PIU/IBDP-2017/Amendments/2019/ 2.3] Dated: 6/—o03 — 2e(9 A copy is forwarded to the Accountant General, Punjab (Audit Section) for information and necessary action.
Special Secretary to Gévernment of Punjab Department of Industries & Commerce No. PIU/IBDP-2017/Amendments/2019/ Jo 22 Dated: o7—832— 2019 A copy of the above is forwarded to the Nodal Officer (E-gazette, Printing & Stationary, Department of Industries & Commerce, Punjab, Chandigarh with the request for uploading on the website of Printing & Stationary Department for the publishing of the same in the Punjab Govt. Ordinary Gazette.
Special Secretary to Government of Punjab Department of Industries & Commerce