Govt extends tax exemption for industries in NE, hilly states to March 2027

Under GST, there's no provision for exemption; there's one section which permits refunds

Industries in the north eastern and Himalayan states will continue to get tax exemption till March 2027, albeit as refund, under the current Goods and Services Tax (GST) regime which was rolled out on July 1, Finance Minister Arun Jaitley said on Wednesday.

"Within the framework of the GST Act each industry will be entitled to its own refund mechanism during this particular period (March 31, 2027)," he said after the Cabinet meeting headed by Prime Minister Narendra Modi.

Industries in the north eastern and Himalayan states of Jammu and Kashmir, Himachal Pradesh and Uttarakhand under the previous excise regime