sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
General »
 Interest income from an NRO account is fully taxable in India
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing
 Taxman should move towards limited scrutiny
  Government likely to withdraw tax notice on free banking services
 GST Council may bring natural gas, aviation turbine fuel under its purview at next meeting
 IT department cautions TDS deductors against quarterly filing default
 The notification said start-ups approved by an inter-ministerial panel are exempted from the tax which is levied on firms issuing shares to investors above their fair value, treating it as income from other sources
 Why you need to sort out your tax-residency status
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004

Govt seeks GST waiver, other sops for Talcher fertiliser plant
August, 30th 2017

The union ministry of chemicals and fertilisers has sought goods and service tax (GST) on the purchase of goods and concession on electricity duty on power generation from the Odisha government to improve the internal rate of return of the 1.27 million tonne capacity Talcher Fertiliser plant.

The project is being revived with an investment of Rs 8,000 crore by a consortium comprising FCI, GAIL, Rashtriya Chemicals and Fertilisers Ltd and Coal India Ltd. The plant will produce urea.

This would be the first fertiliser plant in the country to operate on coal gasification technology. Approximately 25 megawatts (MW) of power is required for running the project.

Apart from GST exemption and concession of electricity duty, the Union government has also sought the state government's support for stamp duty waiver on sub-leasing of land, removal of encroachment over the existing water supply and railway lines and rehabilitation of the revenue village situated within the North Arkhapala block allocated for the project.

The Centre has already completed the process for firm allocation of bridge coal linkage, allocation of North of Arakhapal coal mine, grant of waiver on environment clearance cess on coal and parity with coal price applicable to the power sector.

It may be noted that the fertiliser plant that has been shut since 2002 is expected to start production by September 2020. The Board for Industrial and Financial Reconstruction (BIFR) had announced its closure in 2002 as it was making losses over a period of time.

The Cabinet Committee on Economic Affairs had in 2014 decided to revive the project after a series of deliberations. The demolition process of some of the portions of the plant started after the approval.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions