GST Applicablity on Grants received

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..... GST Applicablity on Grants received
Query (Issue) Started By: - RAJA SWAMINATHAN Dated:- 16-1-2018 Last Reply Date:- 16-1-2018 Goods and Services Tax - GST
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GST
Is GST applic .....

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..... able on grants received for research and Devoleopment projects Reply By RAJA SWAMINATHAN: The Reply: Grant in Aid received from Central Governement and State Governemnts are exempt. Reply By KASTU .....

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..... RI SETHI: The Reply: Pl. read Notification Nos.45/17-CT (Rate) & 47/17-IT Rate both dated 14.11.17 Reply By Rajagopalan Ranganathan: The Reply: Sir, In case research grant is given with counter ob .....

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..... ligation 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. .....

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..... Therefore it is liable to gst. General grants for researches will not amount to a consideration and not liable to gst.
Discussion Forum - Knowledge Sharing .....

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