Scheme for Budgetary Support by CBEC
Scheme for Budgetary Support by CBEC
CBEC has issued the Scheme for Budgetary Support on 7th December 2019 to help the taxpayers. Following is the text of the Scheme for Budgetary Support:
| 1. | INTRODUCTION |
| 2. | PROCESS OF TAXPAYER UNDER SCHEME OF BUDGETARY SUPPORT |
| 2.1. | Registration Process |
| 2.2. | Response to Query |
| 2.3. | File Refund Process |
| 2.4. | Process of tracking the application |
| 3 | PROCESS OF TAX OFFICER UNDER SCHEME OF BUDGETARY SUPPORT51 |
| 3.1. | Send back Process |
| 3.2. | Approval Process |
| 3.3. | Reject / Sanction / Deficiency Memo Process |
| 3.4. | SBS Registration Archive List |
| 3.5. | SBS Refunds Archive List |
| 4 | SUMMARY |
Module: Scheme for Budgetary Support
In the following steps you will be able to:
- Explain the process of taxpayer registration for Scheme for Budgetary Support.
- Explain the process of tax officer approval
- Explain the process of tracking the application
- Explain the resubmission process of taxpayer
- Explain the resubmission process of tax officer.
Introduction:
The Department of Industrial Promotion and Policy (DIPP) has notified a scheme to extend budgetary support to manufacturing units operating in the backward areas, which were availing central excise benefits under the erstwhile area-based exemption notifications under different Industrial Promotion Schemes of the Government of India. The areas are as given below the table.
| S.No. | ||
| 1. | Jammu & Kashmir | 01 |
| 2. | Himachal Pradesh | 02 |
| 3. | Uttarakhand | 05 |
| 4. | Arunachal Pradesh | 12 |
| 5. | Nagaland | 13 |
| 6. | Manipur | 14 |
| 7. | Mizoram | 15 |
| 8. | Tripura | 16 |
| 9. | Meghalaya | 17 |
| 10. | Assam | 18 |
| 11. | Assam | 11 |
This scheme has been approved for the period from 1.7.2017 till 31.03.2027 for such industrial units located in aforesaid States which availed the benefit of Central Excise exemption prior to coming into force of GST regime.
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