Subsidy characterization in GST: government incentives to acquiring banks treated as non taxable subsidy, not taxable consideration. Accommodation services supplied by government messes to non business recipients are covered by the exemption at Sl. No. 6 of Notification No. 12/2017 State Tax (Rate). Incentives from MeitY to acquiring banks for RuPay Debit Card and low value BHIM UPI transaction promotion are classed as a subsidy linked to service price and not consideration for services, and therefore do not form part of taxable value.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Subsidy characterization in GST: government incentives to acquiring banks treated as non taxable subsidy, not taxable consideration.
Accommodation services supplied by government messes to non business recipients are covered by the exemption at Sl. No. 6 of Notification No. 12/2017 State Tax (Rate). Incentives from MeitY to acquiring banks for RuPay Debit Card and low value BHIM UPI transaction promotion are classed as a subsidy linked to service price and not consideration for services, and therefore do not form part of taxable value.
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