No exclusion of Govt subsidy granted to farmer from transaction value

In re M/s Megha Agrotech Private Limited (AAR Karnataka)

a) Whether under section 15(2)(e) of CGST Act, for calculating ‘value if taxable supply’, the subsidy amount granted to the farmer by Horticulture / Agriculture / Sericulture Department of Government of Karnataka under PMKSY scheme or any other Central / State Government approved schemes but disbursed to the supplier to be treated as ‘subsidy’ in the hands of the supplier and to be excluded while ascertaining the ‘transaction value’?Please become a Premium member. If you are already a Premium member, login here to access the full content.