https://www.taxtmi.com/forum/issue?id=116929 GST liability on interest subvention depends on whether the subsidy is funded by the Central Government. If the subvention under an interest equalization scheme is borne by the Central Government and the bank only channels the payment, the subsidy does not constitute taxable consideration under the GST law; conversely, a subsidy funded by a non-government entity may be taxable. en-us Wed, 30 Dec 2020 10:30:11 +0530 Thu, 23 Jan 2025 15:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116929 GST liability on interest subvention depends on whether the subsidy is funded by the Central Government. If the subvention under an interest equalization scheme is borne by the Central Government and the bank only channels the payment, the subsidy does not constitute taxable consideration under the GST law; conversely, a subsidy funded by a non-government entity may be taxable. Discussion-Forum GST Wed, 30 Dec 2020 10:30:11 +0530 https://www.taxtmi.com/forum/issue?id=116929