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54th GST Council Meeting: Delhi Finance Minister to Address GST on Research Grants

Update / Judgement Date

09 Sept 2024

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Corporate ComplianceGST

At the 54th GST Council meeting, the Delhi Finance Minister raised concerns over the applicability of GST on research grants. The issue stems from whether research funding from government or educational institutions should attract GST. Many institutions fear that subjecting grants to GST could hinder academic and scientific research by reducing available funds. The council aims to clarify the treatment of such grants to ensure compliance while supporting India’s research and innovation ecosystem.