Extension of DeadliAmendments to GST Rates for Research Institutionsne for GST Rate Amendment
The Central Government, under the CGST Act, makes amendments to notification 45/2017-Central Tax (Rate).
Effective immediately, changes are introduced to categories of public funded research institutions, universities, and technical institutes.
The Department of Scientific and Research is renamed as the Department of Scientific and Industrial Research in relevant columns.
The amendments align with the Department of Revenue's notification No. 51/96-Customs, ensuring consistency in exemptions.
Ruchi Bisht, Under Secretary to the Government of India, issues the notification.
These amendments aim to streamline taxation processes and support research and educational institutions.
The changes reflect the government's commitment to fostering innovation and academic excellence.
The amendments come into effect from November 15, 2017, enhancing clarity and alignment with existing regulations.