LatestGoods & Service Tax (GST) 9 August 2026
GST Relief for Defence Startups
The Ministry of Defence has agreed to fully reimburse 18% GST on R&D grants for defence startups, providing relief to these companies. This move is expected to boost the growth of defence startups in the country, allowing them to focus on research and development without the burden of GST.
The Ministry of Defence has agreed to fully reimburse 18% *GST* on R&D grants for defence startups. This move is expected to provide relief to these companies, allowing them to focus on research and development. Key points include:
- The reimbursement of 18% GST on R&D grants
- The move is expected to boost the growth of defence startups in the country
- Defence startups will no longer have to bear the burden of GST, allowing them to invest more in research and development
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