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Newsletter On ITC On CSR Expenses TAXinSHORT - Edge#1 by Manav Aggarwal is a document available to read on EtoBox.

What is Newsletter On ITC On CSR Expenses TAXinSHORT - Edge#1 about?

The document analyzes the eligibility of Input Tax Credit (ITC) on Corporate Social Responsibility (CSR) expenditure under GST, highlighting the legal framework and conflicting advance rulings prior to a recent amendment. The Finance Act, 2023 has amended Section 17 of the CGST Act to explicitly block ITC on CSR-related expenses, effective from October 1, 2023, regardless of whether such expenditure is mandatory or voluntary. This change increases the cost of CSR compliance for companies, as GST paid on CSR

Author

Manav Aggarwal

Language

EN