https://www.taxtmi.com/forum/issue?id=115076 A government subsidy characterized as non supply does not fall within the statutory notion of Exempt Supply; therefore the proportionate reversal mechanism for input tax credit applicable to exempt or non taxable supplies is not triggered and no reversal of ITC on common goods and services is required. en-us Fri, 14 Jun 2019 19:12:55 +0530 Thu, 23 Jan 2025 15:55:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115076 A government subsidy characterized as non supply does not fall within the statutory notion of Exempt Supply; therefore the proportionate reversal mechanism for input tax credit applicable to exempt or non taxable supplies is not triggered and no reversal of ITC on common goods and services is required. Discussion-Forum GST Fri, 14 Jun 2019 19:12:55 +0530 https://www.taxtmi.com/forum/issue?id=115076