Government may revisit GST hike on scientific equipment

The Centre is likely to revisit the issue of increase in Goods and Services Tax on scientific equipment from 5% to 18%, which had been criticised by the scientific community over its potential impact on India’s research capabilities.

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Following the July hike, the Department of Science & Technology and the Council for Scientific & Industrial Research have taken up the matter with the office of the Principal Scientific Advisor (PSA) and the finance ….

Read more at : The Economic Times

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