Availment of Input Tax Credit in relation to CSR expenditure: The dilemma persists

  • Blog|News|GST & Customs|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 12 October, 2021

Availment of GST Input Tax Credit in relation to CSR expenditure

Prerna Chopra & Shreya Khunteta – [2021] 131 taxmann.com 95 (Article)

There have been divergent views adopted by the Central Excise and Service Tax Appellate Tribunal and the Authority of Advance Ruling in different States with respect to the credit availment of the tax paid on the inputs used for the CSR activities by companies. The corporate taxpayers remain under dilemma with respect to the eligibility of ITC on inputs used for rendering CSR activities. In this article, the authors have discussed the provisions under Companies Act and GST Act with respect to CSR expenditures and its eligibility for claiming ITC along with various ruling of pre-GST regime and post GST regime.

Click Here To Read The Full Article

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied