New Delhi, Mar 23 (KNN) The North Eastern and Hilly States have not been provided exemption from tax refund till March, 2027 under GST, Shiv Pratap Shukla, Minister of State for Finance said in the upper house.

“The GST Council in the meeting held on 30.09.2016, had decided that all entities exempted from payment of indirect tax under the then existing tax incentive scheme shall pay tax in the GST regime”, the Minister said.

The Minister further informed It was also decided that the decision to continue with any incentive given to specific industries in existing industrial policies of States or through any Schemes of the Central Government, shall be with the concerned State or Central Government and in case the State or Central Government decides to continue any existing exemption/incentive/deferral Scheme, then it shall be administered by way of a reimbursement mechanism through the budgetary route, the modalities for which shall be worked-out by the concerned State/Centre.

In case the state or Central government decides to continue any existing exemption or incentive scheme, it would be administered by way of a reimbursement mechanism through the budgetary route, the Minister notified. (With PIB Inputs) (KNN/DA)