GST on subsidy from SIDBI

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Chartered Accountant
45 Points Posted on 05 March 2020
Is GST applicable on subsidy received from SIDBI ?
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On 05 March 2020 at 22:33 Report
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable on subsidies received from SIDBI. The consensus reached is that GST is not applicable on subsidies provided by the government, referencing relevant sections for confirmation. Both participants agree on this point, providing a clear answer to the query.

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GST Practitioner
55067 Points Posted on 05 March 2020
No.......... there is no GST applicable on subsidy from Govt .

(Refer Section 15)
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On 05 March 2020 at 22:47
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"Do the Right Thing...!!!"
128162 Points Posted on 06 March 2020
Yes... I agreed to Mr Pankaj Rawat Ji reply...

GST not applicable for the Subsidy.
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On 06 March 2020 at 08:58
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Chartered Accountant
45 Points Posted on 06 March 2020
Thanks Pankaj and Raja for the answer
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On 06 March 2020 at 14:56
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GST Practitioner
55067 Points Posted on 06 March 2020
You are always welcome
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On 06 March 2020 at 23:59

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