If you are thinking to start a new manufacturing business then India is the place to start your business. To boost manufacturing in India and make in India, the government introduced a concessional Tax rate of 15% instead of 22% as specified for a domestic company.  

However below points to ensure before availing of the concessional Tax

  • The company has to be set up and registered on or after 1st October 2019
  • It should commence manufacturing on or before 31 March 2023 
  • It cannot be formed from the reconstruction of old entities and 
  • Old Plant & Machinery cannot be used

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