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 ?
Menu
Subcidy under gst
Replies (2)
assesable value would be rs. 50000. explanation provided to sec. 15 says that subsidy received to supplier by govt. is excluded from assesable value not to recipient .
THEN WHAT ABOUT LPG GAS SYLINDERS ?
Recent Threads
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
Related Threads
CAclubindia
