Treatment in GST of central government subsidy to Fertiliser sector, etc
This query is : Resolved
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
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
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.
Recipient is not liable for GST on subsidy.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Relief u/s Section 89
- Nomination of Bank for refund in itr 2
- Rent lease agreement
- Supply through E-commerce Operators
- Merchant Export Accounting
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
