https://www.taxtmi.com/forum/issue?id=120346 Government subsidies provided by the Central or State Governments are excluded from the value of supply for GST valuation purposes under the statutory valuation rule; a central circular reiterates that such subsidies are not includible in taxable value and thus not subject to GST, though departmental audits may raise objections and the applicability depends on whether the payer qualifies as "Government" and on the legal weight of circulars vis a vis statutory law. en-us Wed, 13 Aug 2025 12:32:04 +0530 Fri, 22 Aug 2025 09:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120346 Government subsidies provided by the Central or State Governments are excluded from the value of supply for GST valuation purposes under the statutory valuation rule; a central circular reiterates that such subsidies are not includible in taxable value and thus not subject to GST, though departmental audits may raise objections and the applicability depends on whether the payer qualifies as "Government" and on the legal weight of circulars vis a vis statutory law. Discussion-Forum GST Wed, 13 Aug 2025 12:32:04 +0530 https://www.taxtmi.com/forum/issue?id=120346