Exemption scope for publicly funded research and academic institutions clarified, aligning state rate notification with central customs exemption. The State Tax (Rate) notification is amended to (a) substitute the first serial entry to specify public funded research institutions, universities and designated technical and research institutions (excluding hospitals), and (b) replace 'Department of Scientific and Research' with 'Department of Scientific and Industrial Research' for specified serials. The amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 aligning the exemption with a central customs notification and applying that alignment retrospectively from a specified commencement date.
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Exemption scope for publicly funded research and academic institutions clarified, aligning state rate notification with central customs exemption.
The State Tax (Rate) notification is amended to (a) substitute the first serial entry to specify public funded research institutions, universities and designated technical and research institutions (excluding hospitals), and (b) replace "Department of Scientific and Research" with "Department of Scientific and Industrial Research" for specified serials. The amendment renumbers the existing Explanation as Explanation 1 and inserts Explanation 2 aligning the exemption with a central customs notification and applying that alignment retrospectively from a specified commencement date.
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