Subsidies are included in value except those from
ACentral and State Governments
Blocal panchayats and bodies
Cbanks and other lenders
Dbuyers' trade associations
Answer & Solution
Correct answer: A. Central and State Governments
Section 15(2)(e) excludes subsidies provided by the Central Government and State Governments from the value.
Keep practising Place of Supply
Browse all Place of Supply questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
A principal supply is the predominant element to which others areA mixed supply is taxed at the rate of theA gift pack of canned food, sweets, drinks and juices for one price is aA mixed supply is a combination supplied for a single price which isPacking, transport and insurance with goods are a composite supply. The principal supply iA composite supply is one whose supplies areMembers of the same family areTwo persons who are both controlled by a third person are