GST on subsidy from SIDBI

P.K.Joshi (Chartered Accountant) (45 Points)

05 March 2020

Is GST applicable on subsidy received from SIDBI ?

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4 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 05 March 2020

No.......... there is no GST applicable on subsidy from Govt .

(Refer Section 15)

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 06 March 2020

Yes... I agreed to Mr Pankaj Rawat Ji reply...

GST not applicable for the Subsidy.

P.K.Joshi (Chartered Accountant) (45 Points)
Replied 06 March 2020

Thanks Pankaj and Raja for the answer

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 06 March 2020

You are always welcome

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