Gst Implications on Government Grant Received by a Section 8 company.

Reply- Under section 2(31) “consideration” in relation to the supply of goods or services or both includes––(a) any payment made or to be made, whether in money or otherwise, in respect of, in response to, or for the inducement of, the supply of goods or services or both, whether by the recipient or by any other person but shall not include any Subsidy given by the Central Government or a State Government.

Since, it does not cover under scope of supply, GST will not applicable on Grant received from government.