GST Applicablity on Grants received

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ST Applicablity on Grants received<br> Query (Issue) Started By: - RAJA SWAMINATHAN Dated:- 16-1-2018 Last Reply Date:- 16-1-2018 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Is GST applica....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ble on grants received for research and Devoleopment projects Reply By RAJA SWAMINATHAN: The Reply: Grant in Aid received from Central Governement and State Governemnts are exempt. Reply By KASTUR....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....I SETHI: The Reply: Pl. read Notification Nos.45/17-CT (Rate) & 47/17-IT Rate both dated 14.11.17 Reply By Rajagopalan Ranganathan: The Reply: Sir, In case research grant is given with counter obl....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....igation on the researcher to provide IPR rights on the outcome of research or activity undertaken with the help of such grants then the grant is a consideration for the supply of service of research. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Therefore it is liable to gst. General grants for researches will not amount to a consideration and not liable to gst.<br> Discussion Forum - Knowledge Sharing ....