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Supply of subsidised item.
We often receive fund from Govt. Fund is utilised to procure some materials for distribution among the farmers. Some times a portion of the cost of materials is recovered from the beneficiaries but sometimes 100% subsidy is given. Now, my question is whether we will have to collect GST on such tranansfer/sale of materials?
Replies (4)
pl advuce
NO GST need not collect
If we give 50% subsidy and collect 50% in cash against the materials and that materials have been purchased out of the fund (50%) made available by State/central Govt., then what is the impact of GST and how can i issue eway bill of such item.
Pl advice.
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