Subsidy received from central/ state government cannot be excluded from value of supply as same is not affecting price of supply: AAR

cannot be excluded from value of supply - value of supply - not affecting price of supply - price of supply - Authority For Advanced Ruling - Tax News - TAXSCAN

The Karnataka Authority for Advance Ruling (AAR) has ruled that the subsidy received from the central/state government could not be excluded from the value of supply, as it does not affect the price of supply. Hitze Boilers Private Limited, the manufacturer of machinery and industrial boilers, sought an advance ruling regarding the exclusion of subsidies…

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