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GST Applicablity on Grants received, Goods and Services Tax - GST |
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GST Applicablity on Grants received |
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Is GST applicable on grants received for research and Devoleopment projects Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Grant in Aid received from Central Governement and State Governemnts are exempt.
Pl. read Notification Nos.45/17-CT (Rate) & 47/17-IT Rate both dated 14.11.17
Sir, In case research grant is given with counter obligation on the researcher to provide IPR rights on the outcome of research or activity undertaken with the help of such grants then the grant is a consideration for the supply of service of research. Therefore it is liable to gst. General grants for researches will not amount to a consideration and not liable to gst. Page: 1 Old Query - New Comments are closed. |
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