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RESEARCH & DEVELOPMENT UNIT UNDER GST, Goods and Services Tax - GST |
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RESEARCH & DEVELOPMENT UNIT UNDER GST |
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We have manufacture of Pharmaceutical Machinery set up new Research & Development unit within our existing Unit. We have opted DSIR certificate from concerned authority. We purchase raw material for production activity for R & D unit which is exempted from GST or Not ? While selling the product what benefit under GST. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Not exempted from GST.See Serial No. 451 of Notification No.1/17-Central Tax (Rate) dated 28.6.17
Please refer to notification 45/2017 Central Tax (Rate) dated 14.11.2017 wherein the GST rate is reduced to 5% (CGST+SGST). It may answer your query. Regards S.Ramaswamy
Is there any supply of goods from R&D unit? Page: 1 Old Query - New Comments are closed. |
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