COMMUNITY INSIGHTS

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ITC on CSR Expenses

CSR refers to Corporate Social Responsibility. As per Section 135(5) of Companies Act, 2013 every eligible company is required to spend at least 2% of the average of net profits of immediately preceding 3 financial years towards CSR activities.  From the purpose of GST the main question is whether the company would be eligible to claim ITC in respect of GST paid on such CSR expenses incurred by the company ..... Read More

22.06.2024