Incentives which is not given by government to industries in backward,tribalandhilly are as is
a)ExemptionfromGST b)Poweratconcessionalrates
c)Preferentialallotmentofrawmaterial
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✯Goods like petrol, alcohol, etc that for human consumption and non-taxable do not attract GST for supply under the GST Act. The supply of goods to the SEZ that is Special Economic Zone or SEZ developer comes under GST exemption list.
✰A Raw Material Supply Agreement is essentially an agreement to Sell as defined under the Sale of Goods Act, 1930. ... Any entity including natural persons who are not barred from contracting under Sec 10 of the Indian Contract Act, 1872, may agree to supply raw materials in India.
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Above answer is correct do not need another answer. ....
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