Subcidy under gst

KUNDAN KUMAR (Tax consultancy) (247 Points)

03 March 2018  

A SUPPLIER SUPPLIE  GOODS WORTH RS 50000 AND CHARGES GST @ 18 %. AND THE RECPIENT GETS SUBCIDY OF RS 20000 IN RELATION TO SUCH GOODS FROM CENTRAL GOVERNMENT. WHAT SHOULD BE THE ASSESSIBLE VALUE ON WHICH SUPPLIER SHOULD CHARGE GST ?