Exemption of IGST to R&D on the Pattern of 51/96 dated
23.07.1996
[Notification No. 10/2018- Integrated Tax (Rate) 25 January,
2018]
In exercise of the powers conferred by sub-section (1)
of section 6 of the Integrated Goods and Services Tax Act, 2017 (13 of 2017), (hereafter
in this notification referred to as “the said Act”) read with sub-section (3)
of section 6 of the said Act, the Central Government, on being satisfied that
it is necessary in the public interest so to do , on the recommendations of the
Council, makes the following amendments in the notification of the Government
of India, in the Ministry of Finance (Department of Revenue), No. 47/2017-
Integrated Tax (Rate), dated the 14th November, 2017, published
in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R.1396 (E), dated the 14th
November, 2017, namely:-
In the said notification, - (1) in the Table, -
(a) against
serial number 1, -
(i)
in column (2), for the entry, the following
entry shall be substituted, namely: -
“Public funded research institution or a University or
an Indian Institute of Technology or Indian Institute of Science, Bangalore or
a Regional Engineering
College, other than a hospital”;
(ii)
in column (4), for the words “Department of
Scientific and Research”, the words “Department of Scientific and Industrial
Research”, shall be substituted;
(b) against serial
numbers 2 and 4, in column (4), for the words “Department of Scientific and
Research”, the words “Department of Scientific and Industrial Research”, shall
be substituted.
(2) after the Table, the existing Explanation shall be numbered as Explanation 1 thereof and after Explanation 1 as so numbered, the
following Explanation shall be
inserted, namely: -
“Explanation
2. - For the purposes of this notification, exemption would be in line with the
notification of the Government of India, in the Ministry of Finance (Department
of Revenue), No. 51/96- Customs, dated the 23rd July, 1996,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-section (i), vide number G.S.R. 303(E), dated the
23rd July, 1996 and is applicable with effect from the 15th
November, 2017.”
[F. No. 354/1/2018-TRU]