AAR: Govt. subsidy for food/drinks supply in canteens, excludible from taxable turnover

Karnataka AAR rules that the subsidy received from the Govt. of Karnataka for the supply of service of food/beverage to the ultimate beneficiaries in a canteen, by the applicant, be excluded form part of the taxable turnover; Notes that applicant entered into a contract with Govt. of Karnataka for supplying food in premises under the name and style of “Indira Canteen” in various districts across the State; For the said service, applicant is submitting a consolidated bill ...