TaxTMI 
TaxTMI 
PMEGP SUBSIDY GRANTED BY GOVERNMENT , WHETHER IT IS TAXFREE OR TAXABLE IN CASE OF NEW UNIT
PMEGP SUBSIDY
13 Dec 2017 
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GST treatment of government subsidy: PMEGP subsidy is treated as tax-free and does not attract GST.
Subsidy granted by the government under PMEGP to a new unit is treated as not attracting GST and is tax-free in GST, focusing on the indirect tax treatment rather than income tax implications. (AI Summary)
Subsidy granted by the government under PMEGP to a new unit is treated as not attracting GST and is tax-free in GST, focusing on the indirect tax treatment rather than income tax implications. (AI Summary)
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