Govt universities, research centers exempted from IT won’t have to pay GST on research grants

  • 10 Sep 2024
  • Team Edukating
  • 624

New Delhi [India], September 9 (ANI): Universities and research centers that have been established by a law of the Central Government; or established by a law of the State Governments; or that have obtained income tax exemption can receive research funds both from the government and from the private and they would not be subjected to GST payments.

The GST Council, in its meeting on Monday, decided that they are exempt from paying the GST.

Delhi Minister Atishi had on Sunday said that she would oppose taxing research grants given to educational institutions at the GST Council meeting.

As per reports, in August 2024, several educational institutions in the country were given show-cause notices by the central government for not paying GST on research grants they had received.

“The central government is asking for a GST on research grants received from 2017 to 2024, including Punjab University and IIT Delhi… No country in the world imposes a tax on research grants… The central government has reduced the amount of research grants…,” Atishi had asserted.

Source : https://theprint.in/economy/govt-universities-research-centers-exempted-from-it-wont-have-to-pay-gst-on-research-grants/2260070/

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