TaxTMI 
TaxTMI 
TREATMENT OF CENTRAL GOVERNMENT SUBSIDY TO FERTILISER MANUFACTURERS
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....REATMENT OF CENTRAL GOVERNMENT SUBSIDY TO FERTILISER MANUFACTURERS<br> Query (Issue) Started By: - Pramod Panda Dated:- 5-6-2019 Last Reply Date:- 8-6-2019 Goods and Services Tax - GST<br>Got 3 Replie....
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....s<br>GST<br>A MANUFACTURER OF SSP FERTILIZER IS RECEIVING SUBSIDY FROM CENTRAL GOVERNMENT WHICH DOES NOT CONSTITUTE PART OF VALUE OF SUPPLY IN ACCORDANCE WITH SEC-15(2)(e) OF THE CGST ACT. QUERY; 1.....
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.... WHETHER SUCH SUBSIDY IS A NON GST SUPPLY OR EXEMPTED SUPPLY OR NO SUPPLY? 2. WHERE TO SUCH SUCH ITEMS IN GSTR-9 AND GSTR-9C ? Reply By KASTURI SETHI: The Reply: 1. It is exempted supply. 2. Show ....
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....it in Table N0.5(D) of GSTR-9 3. Show in in Table No.7 (B) of GSTR-9C. Reply By Pramod Panda: The Reply: DEAR KASTURIJI, IN MY VIEW, SINCE THE SUBSIDY RECEIVED FROM CENTRAL GOVERNMENT IS NOT TO BE....
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.... CONSIDERED AS PART OF THE VALUATION AS PER SEC-15(2)(e) FOR THE PURPOSE LEVY OF GST, IT SHOULD BE CONSIDERED AS NO-SUPPLY. Reply By KASTURI SETHI: The Reply: It cannot be termed as "No supply&....
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....quot;. It can be called as non-taxable supply. "No supply" has been defined/detailed in Schedule-III under Section 7 of CGST Act, 2017.<br> Discussion Forum - Knowledge Sharing ....