IGST exemption scope aligned with customs exemption framework; institutional eligibility and departmental nomenclature amended accordingly. Revises Notification No.47/2017-Integrated Tax (Rate) by redefining the Table entry for serial number 1 to specify public funded research institutions, universities, IITs, IISc Bangalore and Regional Engineering Colleges (other than hospitals), and by substituting 'Department of Scientific and Industrial Research' for 'Department of Scientific and Research' in specified Table entries. It re numbers the existing Explanation as Explanation 1 and inserts Explanation 2 aligning the exemption with Customs Notification No. 51/96 Customs, made applicable with effect from mid November 2017, under powers of section 6(1) read with section 6(3) of the IGST Act.
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Provisions expressly mentioned in the judgment/order text.
IGST exemption scope aligned with customs exemption framework; institutional eligibility and departmental nomenclature amended accordingly.
Revises Notification No.47/2017-Integrated Tax (Rate) by redefining the Table entry for serial number 1 to specify public funded research institutions, universities, IITs, IISc Bangalore and Regional Engineering Colleges (other than hospitals), and by substituting "Department of Scientific and Industrial Research" for "Department of Scientific and Research" in specified Table entries. It re numbers the existing Explanation as Explanation 1 and inserts Explanation 2 aligning the exemption with Customs Notification No. 51/96 Customs, made applicable with effect from mid November 2017, under powers of section 6(1) read with section 6(3) of the IGST Act.
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