Clarification on Revenue Nature Grant or Capital Nature Grant
This query is : Resolved
RACHANA DAGA
(Querist)
20 January 2023
IF SUBSIDY FIGURE IS DECIDED BASED ON INVESTMENT FIGURE THAT IS SUPPOSE PER YEAR GRANT WILL BE 10 lakhs for 10 Years which is decided based on Investment of 100 Lakhs but for calculating such 10 lakhs that amount will be claimed in the form of VAT/GST i.e. on Sale so such subsidy which is claimed on Gross SGST declared will be considered as Revenue Nature or Capital nature
CA R SEETHARAMAN
(Expert)
20 January 2023
It's revenue grant as, it's granted over a period of 10 years on GST.
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