Treatment in GST of central government subsidy to Fertiliser sector, etc

This query is : Resolved

Abhishek Jain (Querist)
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13 January 2023 Dear Sir / Madam,

Central Government is giving subsidy to manufacture of fertilisers for selling their product to farmers on lower rate as prescribed time to time.
I want to know whether subsidy is part of turnover or aggregate turnover in GST provisions. Also tax liability in the hand of subsidy recipient or reversal of Input Tax Credit (if any).
Regards,
Mohan Jain

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 January 2023 Now as per section 15 [2] (e), the GST is not applicable to subsidies paid by the state or central government.
Recipient is not liable for GST on subsidy.

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Treatment in GST of central government subsidy to Fertiliser sector, etc

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