DD India

In the pre-GST era of excise duty, industrial units Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim and Tripura enjoyed a tax holiday. Sources said in view of the Supreme Court judgement in October, 2022, and further directions by the High Courts of Delhi, Meghalaya and Guwahati, the issue would have to be discussed by the GST Council in its 50th meeting on July 11. The GST Council, chaired by the Union Finance Minister and comprising state counterparts, had in its second meeting in September, 2016, unanimously decided that all entities exempted from payment of indirect tax under any tax incentive scheme shall pay tax in the GST regime. Goods and Services Tax (GST), which subsumed 17 local taxes and 13 cesses, was rolled out on July 1, 2017.