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GST on incentive received from RBI

Rate / HSN codes 291 views 1 replies

Sir

Urban cooperative Banks have installed some note sorting machines on which RBI gives incentives/reimbursement such as 50% or 75% of the total cost of installation. Whether GST has to be charged on incentives and if so please let me know the SAC code.

Please help its urgent

Replies (1)
Please refer section 15 (2)
value of taxable supply
inclusion s


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