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GST ON RESEARCH GRANTS
UP, Gujarat, Jharkhand, 10 other states record revenue surplus in FY25: CAG reportFifteen Indian states faced revenue deficits in the fiscal year 2024-25. Thirteen states, however, reported revenue surpluses. The Comptrol...- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- As India's R&D faces funding & talent crunch, Niti panel suggests 50+ fixesIndia's research and development spending lags behind global leaders. A Niti Aayog report highlights funding issues and bureaucratic delays...
- Rulebook red tape, low funding bog down top institutes: Govt assessmentsGovernment assessment reveals challenges in India's science and technology institutes. Complex accounting, GFR issues, and low R&D funding ...
- GST relief for foreign airlines, academic institutionsForeign airlines in India gain GST exemption for head office services to branch offices per a government notification. Academic institution...
- GST Council Meeting Key Takeaways: From medical insurance premium to rate rationalisation, here's what Sitharaman & Co decided54th Gst Council Meeting Key Takeaways: The 54th GST Council meeting, chaired by Finance Minister Nirmala Sitharaman, is taking place in Ne...
- Arunachal Deputy CM seeks GST exemption for research grantsArunachal Pradesh Deputy Chief Minister Chowna Mein has requested that research grants received by universities and institutions be exempte...
- Industry leaders welcome GST Council's decision on rate cutsThe GST Council's 54th meeting announced significant rate cuts and policy adjustments, including GST exemptions for foreign airlines' impor...
- GST Council Meeting: Exemptions for foreign airlines, rate reductions, and new Groups of Ministers formedThe GST Council has exempted foreign airlines from import service taxes and approved flight training courses. It reduced GST on certain can...
- Tax terrorism? A storm brewing in India’s academic circles can't be taken for grantedSeven top Indian institutions, including IIT Delhi and Anna University, have received showcause notices from the Directorate General of GST...
- Will oppose GST implemented on health insurance: Delhi Minister Atishi on GST Council meetingDelhi Minister Atishi stated that the Delhi and Punjab governments will oppose the imposition of GST on research grants at the 54th GST Cou...
- Education Ministry steps in after IITs get GST noticesA host of academic institutions countrywide including IIT-D have been served show cause notice seeking explanation on non-payment of tax on...
- GTRI calls for simplifying PLI scheme; cautions against misuse by industryThe government has rolled out Production Linked Incentive (PLI) scheme for 14 sectors, including telecommunications, electronics, white goo...
- Sops, exemptions real estate sector seeks this BudgetAnalysts are expecting home loan interest for tax rebate limit to be raised to Rs 5 lakh from the present Rs 2 lakh. They also expect a red...
- Here are likely winners from healthcare sector in Budget 2022Axis Securities sees continued investments in the capacity expansion of sensitive APIs, complex excipients, drug intermediates, biopharmace...
- Lok Sabha approves first batch of supplementary demands totalling Rs 23,675 crA substantial chunk of the total gross spending is towards transfer to states for shortfall in Goods and Services Tax (GST) compensation ce...
- Budget wishlist: FM must focus on maternity & child care benefits, fund allocation to teachersIndustry leaders want an affordable education system.
- Cab companies seek clarity on state entry, exit taxes in GST regimeCab companies are waiting for a “categorical clarification” on whether state entry and exit taxes will go away once GST kicks in.
- GST to push India's economic growth rapidly: Vijay KelkarThe introduction of Goods and Services Tax (GST) is an important reform which will lead India into next rapid phase of economic growth.
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