GST Exemption - Notification Nos.47/17

[KV Vijayendra]

Sir

Notification Nos.47/17 is applicable for the purchase of laboratory equipment by private institute affiliated to Government approved university. The purchase is made from the government funded laboratory development grant such as MODROB by All India Council for Technical Education [AICTE]

Kindly clarify whether the purchase under such grants is entitled for concessional GST

AI Summary

Debate on GST Exemption for Lab Equipment under Notification No. 47/17 and Amendments for AICTE-funded Institutes A discussion was initiated regarding the applicability of GST exemption under Notification No. 47/17 for laboratory equipment purchased by a private institute affiliated with a government-approved university, funded by an AICTE grant. One participant clarified that the notification, amended by Notification No. 10/18, allows a concessional Integrated Tax rate of 5% for goods supplied to research institutions, with specific conditions. Another participant noted that there are no restrictions mentioned in the notification, suggesting that credit should be eligible. The discussion focused on whether such purchases qualify for concessional GST rates.