9981 SAC Code: Research & development services

Description

Services provided by an incubatee up to a total turnover of fifty lakh rupees in a financial year subject to the following conditions, namely:-(a) the total turnover had not exceeded fifty lakh rupees during the preceding financial year; and(b) a period of three years has not elapsed from the date of entering into an agreement as an incubate.

Notes

Services by an eligible “incubatee” within the prescribed turnover and time limits are exempt as long as the conditions in the notification are met. The GST 2.0 rate changes for services do not touch this specific incubation exemption.

Description

Research and experimental development services in natural sciences

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and experimental development services in engineering and technology

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and experimental development services in medical sciences and pharmacy.

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and experimental development services in agricultural sciences.

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and experimental development services in social sciences.

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and experimental development services in humanities

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Interdisciplinary research and experimental development services.

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and development originals in pharmaceuticals

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and development originals in agriculture

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and development originals in biotechnology

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and development originals in computer related sciences

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.

Description

Research and development originals in other fields n.e.c.

Notes

Nil when the research is paid for by a grant and supplied by a Government Entity or by a research association, university, college or institution notified under section 35(1)(ii) or (iii) of the Income-tax Act. Source: Notification 12/2017-Central Tax (Rate), S. No. 44A, inserted by 08/2024.