Electricity Duty Exemption
Electricity is a significant expense for businesses, and reducing this cost can have a big impact on their bottom line. The state government is providing support to businesses by eliminating electricity duty charges for both new and expanding units. Electric Duty is 10% of your Interest Cost. This initiative aims to help reduce production costs at the first stage.
The Gujarat state government is offering a five-year electricity duty exemption for new businesses to encourage investment and economic growth. This means that new businesses in Gujarat will not have to pay electricity taxes for the first five years, which can save them a lot of money. This exemption will help businesses to innovate, expand, and create jobs. Gujarat is now a great place to start a business! We were available to avail all benefits at a single point of Connect.