Is subsidy received from Karnataka government to be reduced from the value of import of plant and machinery from China for levying GST?

Last updated: 27 November 2021

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This ruling addresses whether a subsidy received from the Karnataka government should be deducted from the import value of plant and machinery sourced from China when calculating Goods and Services Tax (GST). The Authority for Advance Ruling in Karnataka examined the specific circumstances of the subsidy and its impact on the assessable value for GST purposes.

Court :
GST ,BANGALORE,KARNATAKA

Brief :
Whether the subsidy from Government of Karnataka is to be reduced from the value of import of plant and machinery from China, for the purpose of levying GST? b. Whether valuation of supply of goods under the GST Act or any other relevant Act in respect of import of goods excludes government subsidy?

Citation :
KAR ADRG 59/2021

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 1442821_4654_hdlindustries101121.pdf

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Judgement posted by

Poojitha Raam Vinay

Practice

I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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