No GST on R&D grants to educational institutes
The GST Council’s decision to exempt research and development (R&D) grants to educational institutions from GST is a transformative move for India’s higher education. It reduces financial burdens while fostering public-private partnerships, boosting innovation, and enhancing the scope for global competitiveness. All these will go a long way in strengthening India’s research ecosystem and supporting the ‘Atmanirbhar Bharat’ vision.