TMI BlogPrescribing 2.5% concessional rate of state tax on certain goods supplied to certain research institutes.X X X X Extracts X X X X X X X X Extracts X X X X ..... leviable thereon under section 9 of the said Act, as in excess of the amount calculated at the rate of 2.5 percent. , when supplied to the institutions specified in the corresponding entry in column (2) of the Table, subject to the conditions specified in the corresponding entry in column (4) of the said Table- Table S.No. Name of the Institutions Description of the Goods Conditions (1) (2) (3) (4) 1. Public funded research institution other than a hospital or a University or an Indian Institute of Technology or Indian Institute of Science, Bangalore ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ply of the specified goods; (ii) The institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution, in each case, certifying that the said goods are required for research purposes only; (iii) In the case of supply of live animals for experimental purposes, the institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution that the live animals are required for research purposes and enclose a no objection certificate issued by the Committee for the Purpose of Control and Supervision of Experiments on Animals. 2. Research institution, other than a hospital (a) Scientific and technical inst ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... equipment (including computers); (b) accessories, parts, consumables and animals (experimental purpose); (c) Computer software, Compact Disc-Read Only Memory (CD-ROM), recorded magnetic tapes, microfilms, microfiches; (d) Prototypes, the aggregate value of prototypes received by an institution does not exceed fifty thousand rupees in a financial year. (i) The institution produces, at the time of supply, a certificate to the supplier from the Head of the Institution, in each case, certifying that the said goods are required for research purposes only; (ii) in the case of supply of live animals for experimental purposes, the institution produces, at the time of supply, a certificate to the supplier from ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or research purposes and enclose a no objection certificate issued by the Committee for the Purpose of Control and Supervision of Experiments on Animals. Explanation : For the purposes of this notification, the expression, (a) Public funded research institution means a research institution in the case of which not less than fifty per-cent. of the recurring expenditure is met by the Central Government or the Government of any State or the administration of any Union territory; (b) University means a University established or incorporated by or under a Central, State or Provincial Act and includes,- (i) an institution declared under section 3 of the University Grants Commission Act, 1956 (Central Act No. 3 of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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