I've a query regarding Subsidy provided and gst computation! in case government provides subsidy to a supplier: supplier sold 1000 RS goods to ram and subsidy thereof by government to supplier is 300 how will get be computed and on what?
what if subsidy provided by non government org. ? total value shall be taken for gst; Hannah? but my question is who shall pay GST on SUbsidy, non gov or supplier?
how shall it be added in the value of supply where supplier charges value less subsidy from the customer?. if I'm wrong mention it ?
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Any taxes, fees, charges levied under any law other than GST law, expenses incurred by the recipient on behalf of the supplier,
incidental expenses like commission & packing incurred by the supplier, interest or late fees or penalty for delayed payment and
direct subsidies (except government subsidies) are required to be
added to the price (if not already added) to arrive at the taxable value.