Eligible units may choose one of two major incentives: either Asset Creation Incentives or Interest Subsidy. (A) Asset Creation Incentives Under RIPS-2022, eligible enterprises can claim direct capital subsidy for investments in specific sectors, with the following ceiling limits: Sector Purpose of Investment Ceiling Limit Logistic Park Building infrastructure hub and associated facilities INR 15 … Read more
Unlocking Opportunities for Sunrise Sectors under Rajasthan Investment Promotion Scheme (RIPS) 2022 As part of its strategic vision, Rajasthan is positioning itself as the preferred investment destination for sunrise sectors, offering robust incentives for industries that promise significant advancements in technology, economic growth, and skill development. These sectors represent the future of innovation and economic … Read more
The Rajasthan Investment Promotion Scheme 2022 (RIPS-2022) aims to provide robust incentives to micro, small, and medium enterprises (MSMEs) in both the manufacturing and service sectors, excluding certain restricted activities like tobacco, pan masala, aerated water plants, and retail trading. Here’s a breakdown of the benefits that MSME units can leverage under this scheme. (A) … Read more
RIPS-2022: Benefits for the Beverage Industry in Rajasthan The beverage industry in India, particularly the packaged drinking water and carbonated soft drinks (CSD) sectors, has witnessed tremendous growth in recent years. Companies are expanding their operations to meet the rising demand driven by urbanization, increasing health consciousness, and a growing middle class. One significant opportunity that beverage … Read more
Rajasthan Investment Promotion Scheme 2022 (RIPS-2022) – Simplified Guidelines The Rajasthan Investment Promotion Scheme (RIPS-2022) provides various benefits and subsidies to promote investments in the state. Here is an easy-to-understand guide for businesses looking to benefit from the scheme. 1. Single Profile System – A unified system for enterprises will manage profiles for vendors, taxpayers, … Read more
Payment recovery provisions under MSME Act, 2006 Key Content of this article: Latest definition of MSME unit Appointed Day under MSME Act, 2006 Meaning of “Buyer” and “Supplier“ Time limit to make payment to MSME unit Interest rate for delay payment of MSME Unit MSME Facilitation Council and their juridiction Setting aside decree, award or … Read more
Mukyamntri Yuva Udhyam Protsahan Yojana “MYUPY” was declared by Honourable Chef Minister Shri Ashok Gehlot in Rajasthan state budget 2023, to enhance the employment in the state of Rajasthan. Eligibility Criteria: A) The applicant should be an Individual. B) The applicant age shall be less than 35 years and graduate. C) The applicant must the … Read more
Hello Readers, The CBDT further extend the due date of filing the Audit Report, Income Tax Return for AY 2021-22 through circular No. 01/2022 dated 11.01.2022 as follow: Particular Extended Due Date Due date for furnishing of reports of Audit Till 15th February 2022 The due date of furnishing of Report from an Accountant by … Read more