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of <h1>India Withdraws 5% GST Concession on Scientific Equipment for Public-Funded Research Institutes, Effective July 18, 2022.</h1> The Government of India has rescinded Notification No. 47/2017-Integrated Tax (Rate), which provided a concessional GST rate of 5% on scientific and technical equipment supplied to public-funded research institutions. This change, enacted under the Integrated Goods and Services Tax Act, 2017, will take effect on July 18, 2022. The rescission does not affect actions taken or omitted under the previous notification before this date.
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