Incentive insights: Maharashtra IT/ITES Policy and its impact on investment

In the inaugural episode of our ‘India state incentives’ series on EY India Insights podcast, we examine the revamped Maharashtra IT/ITES Policy 2023, exploring the impact it is likely to have on companies and investment opportunities in the IT sector in the state. Bhavesh Thakkar, Partner at EY India's Tax and Regulatory Services shares insights on the policy's coverage, eligibility criteria for incentives, and its unique approach toward incentivizing investments in emerging technologies. Join us as we take a comprehensive look at the various incentives that make Maharashtra an attractive destination for IT and ITES companies.

In conversation with:

Bhavesh Thakkar

Bhavesh Thakkar
EY India Tax and Regulatory Services Partner

Key takeaways

The 2023 Maharashtra IT/ITES Policy presents enticing incentives, promoting investments in emerging technologies and less developed regions within the state.
By categorizing regions into zones, the policy aims to ensure economic equilibrium by granting more substantial benefits to underdeveloped areas.
This policy covers a wide spectrum, including IT, ITES, and emerging technologies, nurturing innovation and streamlining processes via an online platform.

The Maharashtra IT/ITES Policy 2023 is distinct from other states as it proposes to incentivize not just pure IT/ITES companies, but also data centers, AVGC units and units supporting emerging technologies.

Bhavesh Thakkar

EY India Tax and Regulatory Services Partner

For your convenience, a full text transcript of this podcast is available on the link below: Read the transcript

If you would like to listen to our podcasts on the go:

Amazon music for Podcasters Spotify SoundCloud YouTube Music

Podcast

Duration 12m 09s

How EY can help

Managing GST compliance using technology

Our DigiGST® offering hosted on a secure cloud is your single-point solution for GST compliance.

Read more

Digital tax strategy

EY’s broad approach to digital tax strategy, covering digital tax effectiveness, digital tax administration, tax technology and tax big data, helps you identify your tax function’s immediate challenges and develop an enhanced operating model strategy fit for the transformative age.

Read more

Tax Managed Services

Reimagine your tax operating model to get ahead of evolving regulation, technology and talent demands with the help of EY Tax Managed Services.

Read more

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

EY | Assurance | Consulting | Strategy and Transactions | Tax

About EY

EY is a global leader in assurance, consulting, strategy and transactions, and tax services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

© EYGM Limited. All Rights Reserved.

EYG/OC/FEA no.

ED MMYY

This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.