Subsidy given by the Central Gov-ernment or a State Government while determining value of taxable supply under Goods and Services Tax (GST) as per section 15 of the CGST Act, 2017 :
A. Included in the transaction value ie. (value of taxable supply)
B. Just ignored no treatment
C. Shall not be included in transaction value Le. (value of taxable supply)
D. Deducted from the transaction value Le. (value of taxable supply)
Answer:C
Subsidy given by the Central Gov-ernment or a State Government while determining value of taxable supply under Goods and Services Tax (GST) as per section 15 of the CGST Act, 2017 :
A. Included in the transaction value ie. (value of taxable supply) B. Just ignored no treatment C. Shall not be included in transaction value Le. (value of taxable supply) D. Deducted from the transaction value Le. (value of taxable supply)