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Withdrawal of concessional rate of GST - Rescinds notification No. 47/2017- Integrated Tax (Rate), dated the 14th November, 2017 - Concessional GST rate of 5% on scientific and technical equipments supplied to public funded research institutions - 11/2022 - Integrated GST (IGST) Rate
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Concessional IGST rate rescinded, ending preferential tax treatment for scientific and technical equipment supplied to public funded research institutions. Rescission of the concessional Integrated Goods and Services Tax regime for specified scientific and technical equipment supplied to public funded research institutions by withdrawing Notification No. 47/2017-Integrated Tax (Rate). The rescission removes the concessional IGST rate for such supplies, takes effect on the notified commencement date, and preserves actions done or omitted before the rescission.
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Concessional IGST rate rescinded, ending preferential tax treatment for scientific and technical equipment supplied to public funded research institutions.
Rescission of the concessional Integrated Goods and Services Tax regime for specified scientific and technical equipment supplied to public funded research institutions by withdrawing Notification No. 47/2017-Integrated Tax (Rate). The rescission removes the concessional IGST rate for such supplies, takes effect on the notified commencement date, and preserves actions done or omitted before the rescission.
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