TMI BlogGST on CSR funds received.X X X X Extracts X X X X X X X X Extracts X X X X ..... Respected experts, One of my client regd under GST under service provider category issued non GST invoice ( without GST) for CSR funds received from a trust. Is there any exemption available for Such funds recd from paying GST ? Trust from whom CSR funds recd is not willing to pay GST. Kindly guide me., I shall be highly thankful. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exemption is available. - Reply By CAHemanth Kumar B - The Reply = Dear Sir, No exemption available. if GST was not collected, it will be considered as cum- tax basis and need to pay GST. Further you can inform to trust that if they pay GST, they will be elligible to claim ITC as decided in the case of Essel propack Ltd vs commissioner of CGST, Bhiwandi = ESSEL PROPACK LTD. VERSUS COM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... MISSIONER OF CGST, BHIWANDI . - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = The case law cited by our learned Friend relates to the period 2009 to 2010 when the CSR is optional but not mandatory. Companies Act, 2013 makes it mandatory and the Income Tax Ac t provide that the amount incurred for CSR will not be treated as income and deduction is allowed for such expenditure. - GST on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CSR funds received. - Query Started By: - Vijay Kumar Dated:- 8-11-2018 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
