No GST on financial assistance under German Government develoPPP.de programmeme

In re Prettl Automotive India Private Limited (GST AAR Maharashtra) Q1. Whether the financial assistance to be received by the Applicant are covered as consideration for supply and the activity is covered under the meaning of supply of services in terms of Section 7 of the CGST Act, 2017/MGST Tax Act, 2017? Answer:- Answered in the affirmative. Q.2 If the above activity is not considered as ‘supply of services’ then whether the said activity is to be considered as “exempted supply’ or ‘non-taxable supply? and accordingly input tax credit is to be reversed in accor...