Impact of GST on Central Government Grant to Institutions
This query is : Resolved
MOHD AFROZ
(Querist)
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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Gst registered proprietorship firm
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- TDS on Fixed Assets purchased
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
