DSIR recognition overview
What is DSIR?
DSIR is Department of Scientific & Industrial Research. It is a Govt. of India body.
In-house R&D recognition
Any Pvt. Ltd. or Ltd. company which are making products.
DSIR's 'In-house R&D' recognition benefits
DSIR's 'In-house R&D' recognition is not just a piece of paper, it has substantial and tangible benefits attached to it:
Write-off all capital R&D expense in one year, no need to claim depreciation over years
No need to pay any import duty on imports made for R&D
Pay flat 5% GST on purchases made for R&D
DSIR's recognition is well known globally
'In-house R&D' recognition is submitted - both online & off-line
Discussion/meeting with DSIR's New Delhi team.
Receipt of recognition letter