The state government of Bhopal has cleared a relaxing point that it will continue to offer the compensations to the newly set up industries which are subjected to the compensation under the promotion campaign started by the state authorities.
The decision has been taken ahead of the GST roll out to the clarify the doubts arising in the minds of various industrialists who are intended to set up their industries. The Global Investors Summit (GIS) is upcoming and before that the state government has stated that there will be no negative impact on the investment initiatives by the committee on investment promotion (CCIP).
Talking about the grants which state government is providing, it has been laying regulations over the sectors on various incentives and concessions, and the CCIP is very much assured that the commercial tax relaxations will be continuing even if the GST rolls out.
Chief minister Shivraj Singh Chouhan, told, “the industrialists need not worry, the state government has given relaxations at its level through CCIP and they would continue.”
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“GST would be beneficial to the state in terms of investment, with a single tax system, the confusion among foreign investors would be removed.” he added
