75th Founding Day Lecture Meeting on “India@2030” Know More

March 2009

Sanction and disbursement of Industrial Promotion Subsidy (IPS) to Mega Projects and Non-Mega Projects under PSI-2001 & PSI-2007, Reconciliation of IPS by Sales Tax Department & Procedure to be followed by the Department.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d

New Page 2

Part B : INDIRECT TAXES


51 Sanction and disbursement of Industrial
Promotion Subsidy (IPS) to Mega Projects and Non-Mega Projects under PSI-2001 &
PSI-2007, Reconciliation of IPS by Sales Tax Department & Procedure to be
followed by the Department.

Trade Circular 8T of 2009, dated 7-2-2009 :


  • In this Circular detailed procedure has been laid down for sanction and
    disbursement of the IPS as per two Government Resolutions No.
    PSI-2108/CR-36/Ind-8, dated the 3rd December 2008 and No.
    PSI-2108/CR-s278/Ind-8, dated the 4th December 2008.


Download PDF

You May Also Like

Take evidences to the bank while making payments.

Advance Fringe Benefit Tax paid to be treated as advance income tax for the FY 2009-2010 – Press Release No. 402/92/2006-MC (07 of 2010) dated 29 January 2010