Punjab Ultra Mega SGST Refund
Department of Industries & Commerce, Government of Punjab · Central government
Punjab reimburses 100% of net SGST to new ultra mega projects for 20 years from commercial production, capped at 200% of FCI.
Open, rolling. Applications are accepted continuously — there is no deadline.
Key facts
- Subsidy amount
- Not specified
- Instrument
- Subsidy
- Deadline
- Rolling
- Disbursement
- Reimbursed after spend
About this scheme
Punjab's Industrial and Business Development Policy 2022 extends a net SGST reimbursement of 100% to new Ultra Mega Projects, running for 20 years from the date commercial production begins. The total benefit is capped at 200% of Fixed Capital Investment.
That ceiling matches the one applied to the mega project tier; what differs is the duration of the window. Where a plant generates substantial taxable turnover, the additional years carry weight chiefly in cases where the 200% ceiling has not yet been exhausted.
Before assuming year 20 is the binding constraint, work out the reimbursement against projected sales.
Who can apply
- Eligible business forms
- Not specified
- Udyam registration
- Not specified
- MSME registration
- Not required
- DPIIT startup recognition
- Not required
- GST registration
- Not specified
- Where the business may be based
- Jammu and Kashmir
- New Ultra Mega Projects in Punjab, under the Industrial and Business Development Policy 2022 - 100% of net SGST reimbursed - Benefit available for 20 years from the date of commercial production - Cumulative reimbursement limited to 200% of Fixed Capital Investment
How to apply
1. Secure approval for the project as an Ultra Mega Project under the Industrial and Business Development Policy 2022. 2. Enrol on the Invest Punjab Business First portal and file an application for SGST reimbursement. 3. Furnish the approval, FCI particulars, the date of commercial production and GST returns. 4. Lodge claims for reimbursement of net SGST at regular intervals, within the 20-year window.
Frequently asked questions
How much SGST is reimbursed?
100% of net SGST.
For how long?
The subsidy remains available for 20 years starting from the date commercial production begins.
Is there a ceiling?
Yes — 200% of Fixed Capital Investment.
How does it differ from the Mega Project benefit?
The rate and the 200% FCI ceiling remain unchanged, but the repayment window is 20 years rather than 17.
Sectors
- Punjab
- Ultramegaproject
- Sgstreimbursement
- Industrialpolicy2022
- Largeinvestment
- Stateincentive
Details last verified on 16 September 2026. Source: the issuer's published information.