CBIC Notifies GST Exemption for R&D Services Supplied by Government Entities and Educational Institutions w.e.f. 10th Oct 2024 [Read Notification]
To qualify for the exemption, the service provider must be notified under clauses (ii) or (iii) of section 35(1) of the Income Tax Act, 1961 at the time of the service provision
By Navasree A.M - On October 9, 2024 11:21 am - 2 mins read
The Central Board of Indirect Taxes and Customs ( CBIC ), vide notification no. 08/2024-Central Tax (Rate) has notified theGoods and Services Tax ( GST ) exemption for the Research and Development services supplied by the Government entities and the educational institutions. The notification shall come into force on 10th October 2024. In its 54th…
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