TMI BlogTREATMENT OF CENTRAL GOVERNMENT SUBSIDY TO FERTILISER MANUFACTURERSX X X X Extracts X X X X X X X X Extracts X X X X ..... A MANUFACTURER OF SSP FERTILIZER IS RECEIVING SUBSIDY FROM CENTRAL GOVERNMENT WHICH DOES NOT CONSTITUTE PART OF VALUE OF SUPPLY IN ACCORDANCE WITH SEC-15(2)(e) OF THE CGST ACT . QUERY; 1. WHE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... THER SUCH SUBSIDY IS A NON GST SUPPLY OR EXEMPTED SUPPLY OR NO SUPPLY? 2. WHERE TO SUCH SUCH ITEMS IN GSTR-9 AND GSTR-9C ? - Reply By KASTURI SETHI - The Reply = 1. It is exempted supply. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2. Show it in Table N0.5(D) of GSTR-9 3. Show in in Table No.7 (B) of GSTR-9C. - Reply By Pramod Panda - The Reply = DEAR KASTURIJI, IN MY VIEW, SINCE THE SUBSIDY RECEIVED FROM CENTRAL G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... OVERNMENT IS NOT TO BE CONSIDERED AS PART OF THE VALUATION AS PER SEC-15(2)(e) FOR THE PURPOSE LEVY OF GST, IT SHOULD BE CONSIDERED AS NO-SUPPLY. - Reply By KASTURI SETHI - The Reply = It cannot ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be termed as No supply . It can be called as non-taxable supply. No supply has been defined/detailed in Schedule-III under Section 7 of CGST Act, 2017 . - TREATMENT OF CENTRAL GOVERNMENT SUBSI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... DY TO FERTILISER MANUFACTURERS - Query Started By: - Pramod Panda Dated:- 5-6-2019 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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