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Tara Khandelwal (Student CA Final )     07 September 2021

GST on incentive received from RBI

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



 1 Replies

dcto2 kakinada

dcto2 kakinada   08 September 2021

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

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