GST applicability on financial support

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6 Points Posted on 27 April 2020
Dear Experts,

I have a query, please help.

A society organized a conference financially supported by many government and non-government organizations. The sanction letter said the fund should be utilized for specific expenses and the utilization certificate should be submitted. If fund is not utilized compeltely, the balance should be refunded.

Will GST be applicable on above receipt.

Thanks,
Regards,
Shobhit
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On 27 April 2020 at 16:27 Report
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Quick Summary
This discussion explores whether Goods and Services Tax (GST) is applicable on financial support received by an organisation for a conference. The support came from various government and non-government bodies, with specific conditions for fund utilisation and refund of any balance. Experts are seeking clarification on the nature of the organisation and the conference's purpose to provide a definitive answer.

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GST Practitioner
55067 Points Posted on 27 April 2020
Can you explain "specific expenses & the utilisation certificate"
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On 27 April 2020 at 20:54
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6 Points Posted on 27 April 2020
Expenses like food, tent, printing etc.
Utilization Certificate means certificate from management that the fund is utilized for the purpose for which it is received.
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On 27 April 2020 at 20:56
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GST Practitioner
55067 Points Posted on 30 April 2020
The question seems incomplete without the nature of the organisation and the purpose of the conference etc .so plz clarify
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On 30 April 2020 at 12:17

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