MoD Confirms Full 18% GST Reimbursement On Defence R&D Grants For Start-Ups And MSMEs

The Ministry of Defence has confirmed that start-ups, MSMEs and other private entities engaged in defence innovation will now receive full reimbursement of the 18 per cent GST levied on R&D grants under iDEX and the Technology Development Fund schemes, regardless of Input Tax Credit (ITC) claimed. This measure removes a long-standing anomaly, easing cash flow pressures and levelling the
The Ministry of Defence has confirmed that start-ups, MSMEs and other private entities engaged in defence innovation will now receive full reimbursement of the 18 per cent GST levied on R&D grants under iDEX and the Technology Development Fund schemes, regardless of Input Tax Credit (ITC) claimed. This measure removes a long-standing anomaly, easing cash flow pressures and levelling the
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