GST ON FERTILIZER SUBSIDY

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6 Points Posted on 17 June 2021
Hi


what are the provisions in GST ACT on Fertilizer products subsidy being released by Government
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On 17 June 2021 at 18:10 Report
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Quick Summary
This discussion clarifies the treatment of government fertiliser subsidies under the GST Act. It confirms that subsidies released by the government are not included in the value for the payment of tax. This is in line with Section 15 of the GST Act, which specifies that subsidies are not part of the taxable value.

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GST Consultant
15986 Points Posted on 17 June 2021
Subsidy will not be included in value for payment of tax. Refer section 15
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On 17 June 2021 at 19:04
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Chartered Accountant
24588 Points Posted on 17 June 2021
Subsidy is not included
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On 17 June 2021 at 19:15

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