https://www.taxtmi.com/caselaws?id=394784 The ruling clarified that the subsidy amount granted to farmers, though disbursed to the supplier, should not be considered part of the taxable value under Section 15(2)(e) of the CGST Act. The subsidy, directly linked to the farmer and not the supplier, does not impact the transaction value. Therefore, the subsidy amount is not included in the value of taxable supply. As a result, there is no entitlement to a refund of input tax credit accumulation based on the exclusion of the subsidy amount from the transaction value. en-us Mon, 23 Mar 2020 00:00:00 +0530 Fri, 30 Oct 2020 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394784 The ruling clarified that the subsidy amount granted to farmers, though disbursed to the supplier, should not be considered part of the taxable value under Section 15(2)(e) of the CGST Act. The subsidy, directly linked to the farmer and not the supplier, does not impact the transaction value. Therefore, the subsidy amount is not included in the value of taxable supply. As a result, there is no entitlement to a refund of input tax credit accumulation based on the exclusion of the subsidy amount from the transaction value. Case-Laws GST Mon, 23 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394784