GST exemption for research grants in education institutions
The GST Council, led by Finance Minister Nirmala Sitharaman, has decided to exempt research funding for higher educational institutions and research centres from GST. This decision, prompted by Prime Minister Narendra Modi's concerns over recent tax notices, aims to support R&D initiatives. The exemption applies to both private and public funding sources.
Admin
Sep 9, 2024
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The GST Council, led by Finance Minister Nirmala Sitharaman, has decided to exempt research funding for higher educational institutions and research centres from GST. This decision, prompted by Prime Minister Narendra Modi's concerns over recent tax notices, aims to support R&D initiatives. The exemption applies to both private and public funding sources.
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