https://www.taxtmi.com/forum/issue?id=119137 Subsidies/grants provided by Central and State governments are excluded from the value of supply under Section 15(2)(e) of the CGST Act and thus are not taxable as they do not constitute consideration; however, if the grant confers a commercial gain to the trust or functions as payment for services, it may be treated as taxable value, and the specific terms and conditions of the grant must be examined to determine GST liability. en-us Mon, 03 Jun 2024 14:53:06 +0530 Fri, 24 Jan 2025 10:40:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119137 Subsidies/grants provided by Central and State governments are excluded from the value of supply under Section 15(2)(e) of the CGST Act and thus are not taxable as they do not constitute consideration; however, if the grant confers a commercial gain to the trust or functions as payment for services, it may be treated as taxable value, and the specific terms and conditions of the grant must be examined to determine GST liability. Discussion-Forum GST Mon, 03 Jun 2024 14:53:06 +0530 https://www.taxtmi.com/forum/issue?id=119137