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Being Consultant ofVarious Government Schemes
ASKS & Associates,
Chartered Accountants
1. Expand existing Business as well as establish new business
2. Support in Opportunity Capitalization
3. Acquire NewTechnology
4. Improve the quality of products
5. Adopting a latest technology available in Current Market
6. Support in onslaught attack fromother competitive Market / Countries
7. ManufactureWorld Class Products byTechnology Upgradation
8. Increase Export Business
9. Attract Global Market
10. Employment Generation
ASKS & Associates,
Chartered Accountants
1. Cash Subsidy: Providing food or fertilizer to consumer at lower price.
2. Interest or credit subsidies
3.Tax subsidies
4. In kind subsidies
5. Procurement subsidies
6. Regulatory subsidy
ASKS & Associates,
Chartered Accountants
1. Capital Subsidy to SSI Unit (15% CLCSS) –Various Industries
2. Capital Subsidy to SSI Unit (15%TUFS) –Textile and Jute Industries
3. Capital Subsidy to SSI Unit (30%TUFS) –Weaving Sector
4. Capital Subsidy to SSI Unit (25%TUFS) – Handloom Sector
5. 2% Interest Subsidy underTUFS – Spinning Unit
6. 5% Interest Subsidy underTUFS – Any Textile (other than S.R. No.
5 and 7) and Jute Unit
7. 6% Interest Subsidy underTUFS –Weaving
8. 10% Capital Subsidy underTUFS – Specific Sector ofTextile
9. Capital Subsidy (25% or 33%) - MOFPI – Food Processing Industries
10.Many More Schemes are available to Industries
ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (15% CLCSS) –Various
Industries
 Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
 Maximum Capital Subsidy of Rs. 15.00 Lakhs
 Unit in production upto 3 years
 Minimum Repayment Period 3 years
 Application should be done as soon as disbursement complete
ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (15%TUFS)
–Textile & Jute Industries
 Subsidy in lieu of 5% Interest Subsidy
 Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
 MaximumCapital Subsidy of Rs. 75.00 Lakhs
 Unit in production upto 3 years
 Minimum Repayment Period 3 years
 Subsidy should be apply on sanction
ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (30%TUFS)
–Weaving Sector
 Subsidy in lieu of 5% Interest Subsidy
 Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
 Max. Capital Subsidy of Rs. 1.50 Crore (In case of New Machine Imported as
well as Indigenous)
 In case of Indigenous Manufacturer, it should be registered with Office of
Textile Commissioner, Mumbai
 Unit in production upto 3 years
 Minimum Repayment Period 3 years
 Subsidy should be applied on completion of project
ASKS & Associates,
Chartered Accountants
Capital Subsidy to SSI Unit (30%TUFS)
– Handloom Sector
 Subsidy in lieu of 5% Interest Subsidy
 Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore
 Maximum Capital Subsidy of Rs. 45.00 Lakhs
 Minimum Repayment Period 3 years
 Subsidy should be apply on sanction
 Unit should be register with respective authority
ASKS & Associates,
Chartered Accountants
2% Interest Subsidy underTUFS
– Spinning Unit
 Any Stand alone Spinning Unit
 Any New Unit / Replacement or Modernization
 2% Interest Subsidy to Stand alone Spinning Unit
 No Upper Limit for Subsidy
 Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
5% Interest Subsidy underTUFS
– AnyTextile and Jute Unit
 Any New Unit or Expansion
 5% Interest Subsidy to all other sector
 No Upper Limit for Subsidy
 Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
6% Interest Subsidy under TUFS
– AnyWeaving Unit
 Any New Unit or Expansion
 6% Interest Subsidy to any weaving units
 No Upper Limit for Subsidy
 Subsidy available upto 7 years incld. Maximum 2 year Moratorium period
ASKS & Associates,
Chartered Accountants
10% Capital Subsidy underTUFS – Specific Sector
 Any New Unit or Expansion
 TechnicalTextile / ReadymadeGarment / Processing /Weaving Sector
 No Upper Limit for Subsidy
 Addition of 5% Interest Subsidy
 In case ofTechnicalTextile Unit, Registration Number from Office of
Textile Commissioner, Mumbai should be obtained
ASKS & Associates,
Chartered Accountants
1. Interest Subsidy (5%/6%/7%/8%) – Any New or Expansion Upto MSI
2. Interest Subsidy (5%) – AnyTextile and Jute Industries
3. Interest Subsidy (6%) –Technical Textile and Non-woven
4. Interest Subsidy (7%) GTP-12 – Spinning and Apparel Unit
5. Interest Subsidy (5%) GTP-12 – AnyTextile, Processing and Jute Industries
6. Interest Subsidy (6%) GTP-12 –TechnicalTextile and Non-woven
7. Marketing Development Assist. – Marketing of New Products
8. Critical Infrastructure Project – Development of Industrial Infrastructure
9. Technology Acquisition – NewTechnology Acquisition in India
10.Interest Subsidy (6%) – Agriculture Product Manufacturer
11.Electric Duty Exemption – New Unit or Expansion
12.PowerTariff Subsidy - Spinning and Weaving Unit
13.VAT Refund - Spinning and Weaving Unit
ASKS & Associates
Chartered Accountants
Interest Subsidy (7%) – Spinning and Apparel Unit
 Any new industrial undertaking
 Any Expansion / Modernization / Diversification
 Unit should be in cotton spinning only
 2nd Hand Machine is allowed spinning within specific criteria
 Benefit is available upto 5 years Only
 There is no upper ceiling for Interest Subsidy
 Unit should be in operation for Minimum 10 years from Commercial Production
 Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates,
Chartered Accountants
Interest Subsidy (5%)–Other than Spinning, Apparel &TechnicalTextile
 Any new industrial undertaking
 Any Expansion / Modernization / Diversification
 Benefit is available upto 5 years Only
 There is no upper ceiling for Interest Subsidy
 Unit should be in operation for Minimum 10 years from Commercial
Production
 Synthetics FilamentYarn Manufacturing Unit are not allowed
 Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates,
Chartered Accountants
Interest Subsidy (6%)–TechnicalTextile and Non-woven
 Any new industrial undertaking
 Any Expansion / Modernization / Diversification
 Benefit is available upto 5 years Only
 There is no upper ceiling for Interest Subsidy
 Unit should be in operation for Minimum 10 years from Commercial
Production
 Partly or Fully benefits is available with Industrial Policy - 2009
ASKS & Associates,
Chartered Accountants
PowerTariff Subsidy ( R 1/-) – Spinning and Weaving Unit
 Any new industrial undertaking
 Any Expansion / Modernization / Diversification
 Benefit is available upto 5 years Only
 PowerTariff Subsidy @ 1/- per unit
 In case of expansion / modernisation, demarcation must be required of
power use.
 Unit should be in operation for Minimum 10 years from Commercial
Production
ASKS & Associates,
Chartered Accountants
VAT Refund – Spinning and Weaving Unit
Any new industrial undertaking
Any Expansion / Modernization / Diversification
Benefit is available upto 5 years Only
VAT refund on purchase of Raw Material as per ACT
In case of expansion / modernisation, VAT refund will be allowed
on new investment
Refund will be given upto 8 years to tune of cost of new
investment
Unit should be in operation for Minimum 10 years from
Commercial Production
ASKS & Associates,
Chartered Accountants
 Visit website of different ministries and get thorough knowledge of scheme to
give your client maximum benefit.
For eg. www.txcinda.gov.in, www.mofpi.nic.in etc
 Read all criteria's/conditions that are to be fulfill for
receiving grants.
 Provide details to client and manage their work accordingly.
 Follow check list provided by ministry for applying for
subsidy claim.
 Proper follow – up of implementing agencies.
ASKS & Associates,
Chartered Accountants
EXPLORETHIS OPPORTUNITY
Thanks!!!
ASKS & Associates,
Chartered Accountants
Surat.
M. No. +91 90331 37457
E-mail: asksassociates@gmail.com

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Subsidy - New opportunites for chartered accountant

  • 1. Being Consultant ofVarious Government Schemes ASKS & Associates, Chartered Accountants
  • 2. 1. Expand existing Business as well as establish new business 2. Support in Opportunity Capitalization 3. Acquire NewTechnology 4. Improve the quality of products 5. Adopting a latest technology available in Current Market 6. Support in onslaught attack fromother competitive Market / Countries 7. ManufactureWorld Class Products byTechnology Upgradation 8. Increase Export Business 9. Attract Global Market 10. Employment Generation ASKS & Associates, Chartered Accountants
  • 3. 1. Cash Subsidy: Providing food or fertilizer to consumer at lower price. 2. Interest or credit subsidies 3.Tax subsidies 4. In kind subsidies 5. Procurement subsidies 6. Regulatory subsidy ASKS & Associates, Chartered Accountants
  • 4. 1. Capital Subsidy to SSI Unit (15% CLCSS) –Various Industries 2. Capital Subsidy to SSI Unit (15%TUFS) –Textile and Jute Industries 3. Capital Subsidy to SSI Unit (30%TUFS) –Weaving Sector 4. Capital Subsidy to SSI Unit (25%TUFS) – Handloom Sector 5. 2% Interest Subsidy underTUFS – Spinning Unit 6. 5% Interest Subsidy underTUFS – Any Textile (other than S.R. No. 5 and 7) and Jute Unit 7. 6% Interest Subsidy underTUFS –Weaving 8. 10% Capital Subsidy underTUFS – Specific Sector ofTextile 9. Capital Subsidy (25% or 33%) - MOFPI – Food Processing Industries 10.Many More Schemes are available to Industries ASKS & Associates, Chartered Accountants
  • 5. Capital Subsidy to SSI Unit (15% CLCSS) –Various Industries  Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore  Maximum Capital Subsidy of Rs. 15.00 Lakhs  Unit in production upto 3 years  Minimum Repayment Period 3 years  Application should be done as soon as disbursement complete ASKS & Associates, Chartered Accountants
  • 6. Capital Subsidy to SSI Unit (15%TUFS) –Textile & Jute Industries  Subsidy in lieu of 5% Interest Subsidy  Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore  MaximumCapital Subsidy of Rs. 75.00 Lakhs  Unit in production upto 3 years  Minimum Repayment Period 3 years  Subsidy should be apply on sanction ASKS & Associates, Chartered Accountants
  • 7. Capital Subsidy to SSI Unit (30%TUFS) –Weaving Sector  Subsidy in lieu of 5% Interest Subsidy  Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore  Max. Capital Subsidy of Rs. 1.50 Crore (In case of New Machine Imported as well as Indigenous)  In case of Indigenous Manufacturer, it should be registered with Office of Textile Commissioner, Mumbai  Unit in production upto 3 years  Minimum Repayment Period 3 years  Subsidy should be applied on completion of project ASKS & Associates, Chartered Accountants
  • 8. Capital Subsidy to SSI Unit (30%TUFS) – Handloom Sector  Subsidy in lieu of 5% Interest Subsidy  Any New Unit or Expansion within SSI Limit of Rs. 5.00 Crore  Maximum Capital Subsidy of Rs. 45.00 Lakhs  Minimum Repayment Period 3 years  Subsidy should be apply on sanction  Unit should be register with respective authority ASKS & Associates, Chartered Accountants
  • 9. 2% Interest Subsidy underTUFS – Spinning Unit  Any Stand alone Spinning Unit  Any New Unit / Replacement or Modernization  2% Interest Subsidy to Stand alone Spinning Unit  No Upper Limit for Subsidy  Subsidy available upto 7 years incld. Maximum 2 year Moratorium period ASKS & Associates, Chartered Accountants
  • 10. 5% Interest Subsidy underTUFS – AnyTextile and Jute Unit  Any New Unit or Expansion  5% Interest Subsidy to all other sector  No Upper Limit for Subsidy  Subsidy available upto 7 years incld. Maximum 2 year Moratorium period ASKS & Associates, Chartered Accountants
  • 11. 6% Interest Subsidy under TUFS – AnyWeaving Unit  Any New Unit or Expansion  6% Interest Subsidy to any weaving units  No Upper Limit for Subsidy  Subsidy available upto 7 years incld. Maximum 2 year Moratorium period ASKS & Associates, Chartered Accountants
  • 12. 10% Capital Subsidy underTUFS – Specific Sector  Any New Unit or Expansion  TechnicalTextile / ReadymadeGarment / Processing /Weaving Sector  No Upper Limit for Subsidy  Addition of 5% Interest Subsidy  In case ofTechnicalTextile Unit, Registration Number from Office of Textile Commissioner, Mumbai should be obtained ASKS & Associates, Chartered Accountants
  • 13. 1. Interest Subsidy (5%/6%/7%/8%) – Any New or Expansion Upto MSI 2. Interest Subsidy (5%) – AnyTextile and Jute Industries 3. Interest Subsidy (6%) –Technical Textile and Non-woven 4. Interest Subsidy (7%) GTP-12 – Spinning and Apparel Unit 5. Interest Subsidy (5%) GTP-12 – AnyTextile, Processing and Jute Industries 6. Interest Subsidy (6%) GTP-12 –TechnicalTextile and Non-woven 7. Marketing Development Assist. – Marketing of New Products 8. Critical Infrastructure Project – Development of Industrial Infrastructure 9. Technology Acquisition – NewTechnology Acquisition in India 10.Interest Subsidy (6%) – Agriculture Product Manufacturer 11.Electric Duty Exemption – New Unit or Expansion 12.PowerTariff Subsidy - Spinning and Weaving Unit 13.VAT Refund - Spinning and Weaving Unit ASKS & Associates Chartered Accountants
  • 14. Interest Subsidy (7%) – Spinning and Apparel Unit  Any new industrial undertaking  Any Expansion / Modernization / Diversification  Unit should be in cotton spinning only  2nd Hand Machine is allowed spinning within specific criteria  Benefit is available upto 5 years Only  There is no upper ceiling for Interest Subsidy  Unit should be in operation for Minimum 10 years from Commercial Production  Partly or Fully benefits is available with Industrial Policy - 2009 ASKS & Associates, Chartered Accountants
  • 15. Interest Subsidy (5%)–Other than Spinning, Apparel &TechnicalTextile  Any new industrial undertaking  Any Expansion / Modernization / Diversification  Benefit is available upto 5 years Only  There is no upper ceiling for Interest Subsidy  Unit should be in operation for Minimum 10 years from Commercial Production  Synthetics FilamentYarn Manufacturing Unit are not allowed  Partly or Fully benefits is available with Industrial Policy - 2009 ASKS & Associates, Chartered Accountants
  • 16. Interest Subsidy (6%)–TechnicalTextile and Non-woven  Any new industrial undertaking  Any Expansion / Modernization / Diversification  Benefit is available upto 5 years Only  There is no upper ceiling for Interest Subsidy  Unit should be in operation for Minimum 10 years from Commercial Production  Partly or Fully benefits is available with Industrial Policy - 2009 ASKS & Associates, Chartered Accountants
  • 17. PowerTariff Subsidy ( R 1/-) – Spinning and Weaving Unit  Any new industrial undertaking  Any Expansion / Modernization / Diversification  Benefit is available upto 5 years Only  PowerTariff Subsidy @ 1/- per unit  In case of expansion / modernisation, demarcation must be required of power use.  Unit should be in operation for Minimum 10 years from Commercial Production ASKS & Associates, Chartered Accountants
  • 18. VAT Refund – Spinning and Weaving Unit Any new industrial undertaking Any Expansion / Modernization / Diversification Benefit is available upto 5 years Only VAT refund on purchase of Raw Material as per ACT In case of expansion / modernisation, VAT refund will be allowed on new investment Refund will be given upto 8 years to tune of cost of new investment Unit should be in operation for Minimum 10 years from Commercial Production ASKS & Associates, Chartered Accountants
  • 19.  Visit website of different ministries and get thorough knowledge of scheme to give your client maximum benefit. For eg. www.txcinda.gov.in, www.mofpi.nic.in etc  Read all criteria's/conditions that are to be fulfill for receiving grants.  Provide details to client and manage their work accordingly.  Follow check list provided by ministry for applying for subsidy claim.  Proper follow – up of implementing agencies. ASKS & Associates, Chartered Accountants
  • 20. EXPLORETHIS OPPORTUNITY Thanks!!! ASKS & Associates, Chartered Accountants Surat. M. No. +91 90331 37457 E-mail: asksassociates@gmail.com