Gallantt Ispat Ltd partly reimbursed Rs. 80.45 crores against SGST paid by it

Under the following Industrial Promotion Policies of the State Governments, GALLANTT ISPAT LIMITED has been partly reimbursed Rs. 80.45 Crores (Rupees Eighty Crores and Forty-Five Lakhs) against the payment of State Goods and Services Tax (SGST) paid by the Company:

1. Partly reimbursement of Rs. 14.49 Crore (Rupees Fourteen Crore and Forty-Nine Lakh only) by the State Government of Gujarat under the "Gujarat Industrial Policy 2015 - Scheme for Incentive to Industries" of the State Government of Gujarat in respect of Company's manufacturing unit located at Samakhayali, Kutch District, Gujarat.

2. Partly reimbursement of Rs. 65.96 Crore (Rupees Sixty-Five Crore and Ninety-Six Lakh) by the State Government of Uttar Pradesh under the "lnfrastructure and lndustrial lnvestment Policy - 2017" of the State Government of Uttar Pradesh in respect of Company's manufacturing unit located at Samakhayali, Kutch District, Gujarat).

Source : Equity Bulls

Keywords

GallanttIspat PartReimbursement StateGST