A SUPPLIER SUPPLIE GOODS WORTH RS 50000 AND CHARGES GST @ 18 %. AND THE RECPIENT GETS SUBCIDY OF RS 20000 IN RELATION TO SUCH GOODS FROM CENTRAL GOVERNMENT. WHAT SHOULD BE THE ASSESSIBLE VALUE ON WHICH SUPPLIER SHOULD CHARGE GST ?
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Subcidy under gst
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assesable value would be rs. 50000. explanation provided to sec. 15 says that subsidy received to supplier by govt. is excluded from assesable value not to recipient .
THEN WHAT ABOUT LPG GAS SYLINDERS ?
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