Tax on Education? IIT-Delhi Gets Notice Demanding INR 120 Crore GST on Research Funds: Reports
The Indian Institute of Technology-Delhi (IIT-D) has been issued a show-cause notice by the Directorate General of GST Intelligence, demanding INR 120 crore in GST on research grants received between 2017 and 2022, including interest and penalties. IIT-Delhi has 30 days to respond.
The Indian Institute of Technology-Delhi (IIT-D) has been issued a show-cause notice by the Directorate General of GST Intelligence, demanding INR 120 crore in GST on research grants received between 2017 and 2022, including interest and penalties. IIT-D has 30 days to respond. The notice has sparked concern within the education sector, with a senior Ministry of Education official describing it as a "misinterpretation" and emphasising that GST should not apply to government-funded research. The ministry plans to contest the notice, arguing that research should be supported rather than taxed. Despite repeated attempts, IIT-D's administration has not commented on the issue. The official added, "It is regrettable that such notices are issued, potentially hindering academic research." GST on Medical Insurance: Nitin Gadkari Urges Finance Minister Nirmala Sitharaman To Scrap 18% GST on Life and Health Insurance Premiums.
IIT-Delhi Faces INR 120 Crore GST Demand on Research Funds
(SocialLY brings you all the latest breaking news, viral trends and information from social media world, including Twitter, Instagram and Youtube. The above post is embeded directly from the user's social media account and LatestLY Staff may not have modified or edited the content body. The views and facts appearing in the social media post do not reflect the opinions of LatestLY, also LatestLY does not assume any responsibility or liability for the same.)