Simpex pharma have own R&D facility in our plant situated at Kotdwar and it is fully equipped with latest instruments and machinery. Our R&D center is approved form DSIR (Department of Scientific & Industrial Research), which is operating schemes for granting recognition & registration to in-house R&D units established by corporate industry. Govt. also provides different benefits to promote research in our country time to time, which plays important role to minimize the developmental cost of the product and same will be pass to our customers also, In terms of minimal developmental cost for product development.
Benefits of DSIR approved lab
The benefits/ incentives available for approved R & D Centers are:
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Direct Tax benefits
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Super income tax deduction @ 100% of dedicated R&D expenditure both Opex & capex u/s 35 of income tax act as deduction from income
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Opex viz. raw material used for making proto samples, R&D manpower salary, travel, utility bills, software AMC and other incidental expenses etc. of the R & D personnel are eligible for 100%
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Capex viz. equipment for R&D centre are eligible for a one time weighted deduction (accelerated depreciation) of 100% of their cost price
The benefits/ incentives available for approved R & D Centers are:
-
Direct Tax benefits
-
Super income tax deduction @ 100% of dedicated R&D expenditure both Opex & capex u/s 35 of income tax act as deduction from income
-
Opex viz. raw material used for making proto samples, R&D manpower salary, travel, utility bills, software AMC and other incidental expenses etc. of the R & D personnel are eligible for 100%
-
Capex viz. equipment for R&D centre are eligible for a one time weighted deduction (accelerated depreciation) of 100% of their cost price
Concessional GST rates for such items are mentioned below.
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The rates of IGST shall be 5% in case of import & interstate purchases.
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The rate of CGST shall be 2.5% along with SGST 2.5% in case of purchase within the state.
