J&K notifies budgetary support for manufacturing units; To reimburse SGST after ITC adjustment

J&K Govt. notifies scheme for providing budgetary support to manufacturing units to come into operation from July 8, 2017, till the last date of Industrial Policy 2016; Said scheme shall be limited to reimbursement of tax which accrues to State Govt. under J&K GST Act (i.e. SGST) after adjustment of input tax credit of SGST and IGST on supply of finished goods by manufacturing units; As per the definitions clause, “eligible unit” shall mean a manufacturing unit re...