Subsidy given by the Central Government or a State Government while determining value of taxable supply under Goods and Service Tax (GST) as per section 15 of the CGST Act, 2017:

CS Executive · Tax Laws and Practice · PYQS · December 2018
Subsidy given by the Central Government or a State Government while determining value of taxable supply under Goods and Service Tax (GST) as per section 15 of the CGST Act, 2017:
(A) included in the transaction value i.e. (value of taxable supply)
(B) just ignored no treatment
(C) shall not be included in transaction value i.e. (value of taxable supply)
(D) deducted from the transaction value i.e. (value of taxable supply)

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: GST

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