India’s Ministry of Defence has clarified that private defence firms involved in government schemes will receive full reimbursement of the 18% GST charged on research and development grants, easing financial pressures for start-ups and MSMEs under the Innovation for Defence Excellence programme.
India’s Ministry of Defence has cleared up a tax issue that had been squeezing private defence innovators, confirming that start-ups, MSMEs and other private participants in its innovation schemes will receive full reimbursement of the 18% GST charged on research and development grants, even where input tax credit has been claimed. The clarification, issued in an office memorandum dated July 27, is aimed at easing cash-flow pressure on firms working under the Innovations for Defence Excellence programme and the Technology Development Fund. citeturn0search0? no need?
Need no web citations. But final must not include web citations because not used. Need source map with numbered refs only? It says source reference map. We can use [2],[3],[4]. But no bracketed numbers in body. That’s okay. Since we didn’t use web citations, probably not needed. But must output map with [#]. Use [2],[3],[4] etc. Need note [1] exactly once. Let’s craft.
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