GST Applicablity on Grants received

[RAJA SWAMINATHAN]

Is GST applicable on grants received for research and Devoleopment projects

AI Summary

GST Applicability on Research Grants: Exemptions, Obligations, and Intellectual Property Rights Discussed A discussion on the applicability of GST on grants received for research and development projects reveals differing views. One participant states that grants from central and state governments are exempt from GST. Another suggests consulting specific notifications for detailed guidance. A third participant clarifies that if a research grant involves an obligation to provide intellectual property rights, it is considered a service and is subject to GST. However, general research grants without such obligations are not considered a supply of service and are not liable to GST.