Indirect taxes are defined by contrasting them with direct taxes. Indirect taxes can be defined as taxation on an individual or entity, which is ultimately paid for by another person. The body that collects the tax will then remit it to the government. Goods and Service Tax (GST), Customs duty, erstwhile central excise, service tax and value added tax are examples of indirect tax.
SMR House, Plot no. 73, 4th Floor, Nagarjuna Hills, Punjagutta, Hyderabad – 500082, Telangana
13, T.K. Mudali Street,
Choolai, Chennai –
600112, Tamil Nadu
N 93, Ground floor, Mayfield Garden, Sector 51, Gurugram – 122018, Haryana
Moti Chambers, 62 & 63, Sancheti Colony, Lane besides KK Tower, Pur Road, Bhilwara – 311001, Rajasthan
2019-2022 © Darda Advisors LLP. All Rights Reserved
Manufacturing has emerged as one of the high growth sectors in India targeting global markets and are becoming formidable global competitors. To promote India as manufacturing hub, Central and State/Union Territories Governments provides various incentives, subsidies and grants to set up manufacturing facility in India. In addition, there are certain incentives for services and other sectors too.
The Government of India provides sector specific subsidies for promoting manufacturing. Further, Package Scheme of Incentives (PIS) is a policy made by every individual state to promote industrial development, employment, investments, inventions and growth. A PIS differs from state to state and is governed by the Directorate of Industrial Policy and Promotions. The development of every state very much depends upon their state policy and also their ease of doing business (EoDB) ranking. Generally, state policies are for the period of 5 years.
Every industrialists and manufacturers need guidance and support to understand central and state policy. Our team at Darda Advisors is highly business oriented in approach and has experience across sectors and the acumen to provide complete solutions for all incentives, subsidies and grants related matters. We provide the following key services: