The Maharashtra Cabinet on Monday decided to give an exemption to energy company Ratnagiri Gas and Power Limited (RGPL) from various taxes and transmission charges for the next five years.
The state government’s concessions to RGPL come in the backdrop of the Centre deciding to review this project under the Power System Development Fund scheme to save it from becoming a non performing asset (NPA), an official from the Chief Minister’s Office (CMO) said.
RGPL will now be exempted from payment of value added tax (VAT), central sales tax and transmission charges.
The Cabinet also decided to amend the Maharashtra