No GST on R&D grants to educational institutes: Why this is a game-changing move for India’s higher education

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 eco…