Impact of GST on Central Government Grant to Institutions
This query is : Resolved
05 December 2020
Dear expert's,
If Central Government provide regular grant to Central Universities & CFTIs etc. to perform normal operation to the Institution, will be part of turnover under GST?
GST flyer chapter seven define the aggregate turnover meaning but not cleared whether the Government grant received by Government Institution to perform the normal operation will be part of turnover or not?
Thanks in advance.
If Central Government provide regular grant to Central Universities & CFTIs etc. to perform normal operation to the Institution, will be part of turnover under GST?
GST flyer chapter seven define the aggregate turnover meaning but not cleared whether the Government grant received by Government Institution to perform the normal operation will be part of turnover or not?
Thanks in advance.
27 December 2020
As per my view it should not be included in Turnover as it is just an Reimbursement in nature and there is no profit motive.
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