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Which financial incentive is NOT included in the Bihar Tourism Policy 2023 for investors?
- a)Reimbursement of land conversion fee, stamp duty, and registration fee
- b)Reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 years
- c)Reimbursement of electricity tariff for new tourism units for 3 years
- d)Reimbursement of monthly remuneration paid to tourist guides
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which financial incentive is NOT included in the Bihar Tourism Policy ...
The correct answer is
Reimbursement of electricity tariff for new tourism units for 3 years
Key Points
- The Bihar Tourism Policy 2023 includes various financial incentives for investors, such as reimbursement of land conversion fee, stamp duty, and registration fee, reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 years; and reimbursement of monthly remuneration paid to tourist guides, but it does not include reimbursement of electricity tariff for new tourism units for 3 years.
- Hence Option 3 is the answer.
Additional Information
- Bihar Tourism Policy 2023
- Thirty percent capital subsidy on investments up to Rs. 10 crore.
- 25% on sums up to Rs 50 crore in investments.
- 25%, up to a maximum of Rs 25 crore, for investments over Rs 50 crore.
- Land conversion fees, stamp duty, and registration fees are all fully reimbursed.
- Up to five years of 80% reimbursement for Goods and Services Tax (GST) on commercial operations.
- For five years, new tourism units will receive a 100% reimbursement of their electricity tariff.
- A reimbursement of five percent of the monthly compensation paid to tour guides will go to hoteliers and tour operators.For a maximum of two years, the monthly limit for this will be Rs 5000 per guide.
- The policy also covers promotions for MICE (meetings, incentives, conferences, and exhibitions) and incentives for green certification.
Most Upvoted Answer
Which financial incentive is NOT included in the Bihar Tourism Policy ...
Understanding the Bihar Tourism Policy 2023
The Bihar Tourism Policy 2023 aims to attract investors to enhance the tourism landscape in the state. It provides various financial incentives to promote investment in tourism-related projects. However, not all proposed incentives are included in the policy.
Incentives Included in the Policy
- Reimbursement of Land Conversion Fee: Investors can claim reimbursement for the costs associated with converting agricultural land for commercial use, which encourages the development of new tourism facilities.
- Reimbursement of Stamp Duty and Registration Fee: To ease the financial burden on investors, the policy allows for reimbursement of stamp duty and registration fees incurred during property transactions.
- Reimbursement of GST: Investors benefit from GST reimbursement on commercial operations for up to 5 years, providing significant financial relief during the initial years of operation.
Incentive Not Included
- Reimbursement of Electricity Tariff: The policy does not offer reimbursement for electricity tariffs for new tourism units, which is crucial for operational costs. This omission may deter some investors who are concerned about high utility expenses.
- Reimbursement of Monthly Remuneration to Tourist Guides: While the policy focuses on infrastructure and operational support, it does not extend to financial support for hiring tourist guides, reflecting a limited approach to service enhancement.
Conclusion
In summary, the Bihar Tourism Policy 2023 provides various incentives to stimulate investment but does not include reimbursement of electricity tariffs for new tourism units. This could impact the attractiveness of the policy for potential investors.
The Bihar Tourism Policy 2023 aims to attract investors to enhance the tourism landscape in the state. It provides various financial incentives to promote investment in tourism-related projects. However, not all proposed incentives are included in the policy.
Incentives Included in the Policy
- Reimbursement of Land Conversion Fee: Investors can claim reimbursement for the costs associated with converting agricultural land for commercial use, which encourages the development of new tourism facilities.
- Reimbursement of Stamp Duty and Registration Fee: To ease the financial burden on investors, the policy allows for reimbursement of stamp duty and registration fees incurred during property transactions.
- Reimbursement of GST: Investors benefit from GST reimbursement on commercial operations for up to 5 years, providing significant financial relief during the initial years of operation.
Incentive Not Included
- Reimbursement of Electricity Tariff: The policy does not offer reimbursement for electricity tariffs for new tourism units, which is crucial for operational costs. This omission may deter some investors who are concerned about high utility expenses.
- Reimbursement of Monthly Remuneration to Tourist Guides: While the policy focuses on infrastructure and operational support, it does not extend to financial support for hiring tourist guides, reflecting a limited approach to service enhancement.
Conclusion
In summary, the Bihar Tourism Policy 2023 provides various incentives to stimulate investment but does not include reimbursement of electricity tariffs for new tourism units. This could impact the attractiveness of the policy for potential investors.
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Which financial incentive is NOT included in the Bihar Tourism Policy 2023 for investors?a)Reimbursement of land conversion fee, stamp duty, and registration fee b)Reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 yearsc)Reimbursement of electricity tariff for new tourism units for 3 yearsd)Reimbursement of monthly remuneration paid to tourist guidesCorrect answer is option 'C'. Can you explain this answer?
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Which financial incentive is NOT included in the Bihar Tourism Policy 2023 for investors?a)Reimbursement of land conversion fee, stamp duty, and registration fee b)Reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 yearsc)Reimbursement of electricity tariff for new tourism units for 3 yearsd)Reimbursement of monthly remuneration paid to tourist guidesCorrect answer is option 'C'. Can you explain this answer? for Software Development 2025 is part of Software Development preparation. The Question and answers have been prepared according to the Software Development exam syllabus. Information about Which financial incentive is NOT included in the Bihar Tourism Policy 2023 for investors?a)Reimbursement of land conversion fee, stamp duty, and registration fee b)Reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 yearsc)Reimbursement of electricity tariff for new tourism units for 3 yearsd)Reimbursement of monthly remuneration paid to tourist guidesCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Software Development 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which financial incentive is NOT included in the Bihar Tourism Policy 2023 for investors?a)Reimbursement of land conversion fee, stamp duty, and registration fee b)Reimbursement of Goods and Services Tax (GST) on commercial operation for up to 5 yearsc)Reimbursement of electricity tariff for new tourism units for 3 yearsd)Reimbursement of monthly remuneration paid to tourist guidesCorrect answer is option 'C'. Can you explain this answer?.
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