No GST on R&D grants to educational institutes: Why it’s game-changing

The GST Council’s recent decision to exempt R&D grants to educational institutions from GST marks a pivotal shift for India’s higher education and research sectors. This policy aims to alleviate financial pressures on institutions, foster public-private collaborations, and bolster innovation. By removing GST from these grants, the move supports India’s research ecosystem and aligns with the ‘Atmanirbhar Bharat’ vision, enhancing the country’s global competitiveness in science and technology.