Valuation of supply - Only the subsidies provided by Central ...

Subsidies not affecting supply price are included in GST value; Section 15(2)(e) exclusion not applicable.

September 25, 2023

Case Laws GST AAR

Valuation of supply - Only the subsidies provided by Central Government and State Governments which are directly linked to the price and affects the price of supply are not a part of value of supply. Hence the exclusion provided in Section 15(2)(e) is not applicable in the instant case and the subsidies provided by Central Government and State Governments cannot be excluded in determining the value of supply. - AAR

View Source

← Previous Next →

Valuation of supply - Only the subsidies provided by Central ...

Subsidies not affecting supply price are included in GST value; Section 15(2)(e) exclusion not applicable.

September 25, 2023

Case Laws GST AAR

You may also like:

Valuation - Reduction of subsidy for arriving at Ex-factory value in order to collect the GST on goods supplied to the customer under the rooftop solar project - The...

Classification of goods - rate of GST - supply of PVC floor mats (Cars) - Exclusions from CTH 8708 - As is evident, PVC floor mats, for four wheel motor vehicles, does...

Municipal property tax reimbursements by lessee/occupier are subject to GST as part of the taxable value of supply under Sec 15 of GST Act. AAR ruled that municipal...

Levy of GST - Capital Subsidy (90 per cent of Project Capital Expenditure) received by the Applicant as per SIOM Agreement and Escrow Agreement from Odisha Government...

The Karnataka Commercial Taxes Dept. issued Circular No. GST-38/2024 clarifying multiple GST rate and classification issues based on the 55th GST Council meeting...

The CCST issued a comprehensive circular clarifying multiple GST-related matters based on the 55th GST Council meeting recommendations. Key clarifications include: (1)...

Valuation of Supply - the amount received by the applicant in this regard shall form a part of the value of supply on which tax shall be levied in terms of sub-section...

Levy of GST - Maintenance and Repair Contract with respect to the machinery and equipment it had supplied - Supply of the MARC Holder to BCCL is not import of service...

The GST clarification on various several taxation issues. Key points include: (1) pepper of genus Piper attracts 5% GST under HS 0904, with agriculturists supplying...

Levy of GST TDS - service to municipal corporation/local authority - No GST TDS on pure service nil rated and Composite supply where supply of goods is not more than 25%...

Eligibility criteria for GST exemption on hostel accommodation services, the requirement for GST registration based on turnover, the applicable GST rate for hostel...

Valuation of taxable supply - inclusion of subsidy amount granted to the farmer - It has no bearing on the price and hence on the value of supply made by the applicant...

Clarification on GST rate applicable on supply of food and beverage services by educational institution.

Clarification on GST rate applicable on supply of food and beverage services by educational institution

Classification of goods - rate of GST - The authority ruled that outboard motor engines and spare parts supplied for use in fishing vessels fall under Customs Tariff...

Quick Updates: