R&D Cess payable on import of technology

[Guest]

Dear Experts,

R&D cess is still payable on import of services?

Please suggest.

AI Summary

R&D Cess on Technology Imports Abolished; Transitioning to GST Highlights Tax Obligation Changes A query was raised regarding the obligation to pay R&D cess on the import of technology services. An expert clarified that the 5% R&D cess has been abolished in anticipation of the government's commitment to implementing GST. Another participant inquired about obtaining the official circular confirming the abolition of the R&D cess. The discussion reflects the transition towards GST and the elimination of certain previous tax obligations.