Centre Plans To Exempt Data Centres From Taxes For 20 Years

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SUMMARY

Data centre developers will be exempted from taxes if they meet the targets for capacity addition, power usage effectiveness and employment generation

MeitY is likely to request the finance ministry to allow input tax credit on GST, which is levied on capital assets such as, data centre construction, heating ventilation, air conditioning equipment and other electronic equipment used in data centres

The Economic Survey for 2024-25 said that India’s data centre market is expected to…



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Centre Plans To Exempt Data Centres From Taxes For 20 Years


SUMMARY

Data centre developers will be exempted from taxes if they meet the targets for capacity addition, power usage effectiveness and employment generation

MeitY is likely to request the finance ministry to allow input tax credit on GST, which is levied on capital assets such as, data centre construction, heating ventilation, air conditioning equipment and other electronic equipment used in data centres

The Economic Survey for 2024-25 said that India’s data centre market is expected to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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