Quick Summary
The Ministry of Education has stepped in to address a substantial GST notice issued to the Indian Institute of Technology (IIT) Delhi. The notice, reportedly amounting to ₹120 crore, pertains to GST on research grants received by the institution from 2017 to 2022. According to a report, the Ministry of Education has initiated discussions with the Ministry of Finance to resolve the matter. On 15th August, it was revealed that the Directorate General of Goods and Services Tax (DGST) has served
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FAQ :
IIT Delhi has received a GST notice amounting to ₹120 crore.
The notice pertains to Goods and Services Tax on research grants received by IIT Delhi from 2017 to 2022.
The Ministry of Education is discussing the matter with the Ministry of Finance.
IIT Delhi has been given a 30-day period to respond to the show-cause notice.
Yes, other institutions like Anna University and various private and state-run colleges have also received similar GST notices recently.
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