RESEARCH & DEVELOPMENT UNIT UNDER GST

[SURYAKANT MITHBAVKAR]

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.

AI Summary

GST Applicability on Raw Materials in Pharma R&D Units: No Exemption, Check Supply for Further Implications. &D A discussion on a forum regarding the applicability of GST on raw materials used in a new Research & Development unit within a pharmaceutical machinery manufacturing setup. The query seeks clarification on whether such raw materials are exempt from GST and the benefits under GST when selling the product. Responses indicate that raw materials are not exempt from GST, referencing specific notifications that detail applicable GST rates. One response suggests checking if there is any supply of goods from the R&D unit to determine the GST implications.