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The Union Ministry of Science and Technology was earmarked ₹14,217 crore in the 2022-2023 Union Budget - a drop of 3.9% from last year. Several scientists have expressed displeasure with the Centres recent decision to increase Goods and Services Tax (GST) rates on scientific equipment. On July
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FAQ :
The GST Council has approved an increase in the GST rate on scientific equipment from a concessional 5% to the applicable rates, which range between 12% and 18%.
The change was approved during the 47th GST Council meeting held in Chandigarh on July 18.
Scientists estimate that this increase will result in a 6% to 12% reduction in the funds available for research laboratories' expenditure.
Several scientists have expressed displeasure and dissatisfaction, taking to social media platforms like Twitter to voice their concerns and request the government to reconsider the decision.
According to scientists, government funding for science and technology has been falling in real terms over the years, with the money available for research beyond salaries decreasing even more.
Yes, in April 2021, scientists had written to the Prime Minister highlighting that the 'Atmanirbhar Bharat' policy made importing scientific equipment and reagents difficult, impacting their ability to scale up testing and sequence viral genomes.
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