GST on grants: Taxing blow to research?
Monday, 9 September 2024
Indian academic institutions like IIT Delhi and Anna University have received notices from the GST intelligence directorate for unpaid taxes on research grants since 2017. Critics claim this taxation will reduce research funding and hinder innovation. Legal experts argue that grants should not be taxed as they do not involve direct exchanges of goods or services.
|
||||
|
|
||||
You Might Like💡 newsR Knowledge: Other News Mentions |
||||
