What is Dsir certificate for GST exemption?

Department of Scientific and Industrial Research (DSIR) also provides significant value addition to Research-oriented entities, wherein a research institution (other then a hospital) that is registered with the DSIRis exempted from paying any Customs duty on the purchase of any goods (equipment, consumables, computer …

How do I get Dsir approval?

Approval is granted by DSIR generally after visiting the facility by doing physical inspection of R&D centre it generally takes 4 to 5 months from Approval application submission.

How do I apply for Siro?

To be eligible in getting SIRO recognition, the Entity should be: Associations: An association will be a society/trust registered under the Societies Registration Act, 1860 or any such act passed by the State Government. The sole objective of the association should be to undertake scientific and/or industrial research.

When was the Department of Scientific and Industrial Research set up in India?

January 4, 1985
The Department of Scientific and Industrial Research (DSIR) is a part of the Ministry of Science and Technology, which was announced through a Presidential Notification, dated January 4, 1985 (74/2/1/8 Cab.) contained in the 164th Amendment of the Government of India (Allocation of Business) Rules, 1961.

What is the benefit of Dsir certificate?

Furthermore, DSIR recognition deems you eligible for availing upto 150\% of IT returns for capital and revenue expenses incurred in any R&D-based projects, with no lower or upper cap limit on R&D-related expenditure.

Who needs GST certificate?

Who should register for GST? All the businesses supplying goods whose turnover exceeds INR 40 lakh in a financial year are required to register as a normal taxable person. However, the threshold limit is INR 10 lakh if you have a business in the north-eastern states, J&K, Himachal Pradesh, and Uttarakhand.

What is SEC 35 2AB of income tax?

SECTION 35(2AB): provides that an Approved Scientific Research Company or other payee company is not entitled to claim deduction of expenditure on Scientific Research.

Is GST applicable on research and development?

GST applicable on Research and Development Services on Goods Physically made available by Foreign Entities: AAR [Read Order] The Gujarat Authority of Advance Ruling (AAR) ruled that the IGST applicable on Research and Development Services on goods physically made available by foreign entities.

What is the impact of DSIR recognition to your organization as Siro?

The recognition will entitle the SIRO to receive such administrative support from the DSIR, Ministry of Science & Technology as may be required on issues to promote or encourage scientific research activities.

When was Dsir set up?

The Department of Scientific and Industrial Research (DSIR) is a part of the Ministry of Science and Technology, which was announced through a Presidential Notification, dated January 4, 1985 (74/2/1/8 Cab.) contained in the 164th Amendment of the Government of India (Allocation of Business) Rules, 1961.

Is scientific research an industry?

The US scientific research and development services industry includes about 19,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $160 billion.