I wanted to know if a company has manufactured a machine at their premises and given it as a donation to a Charitable Institution and the Institution is ready to give a letter that they have received donation from the company.. Will the GST be applicable to such supply, if the company is registered under GST.
05 March 2019
Sir, in my humble opinion, it will not attract GST as there is no "Quid Pro Qou" element, however, it will attract reversal of Input tax credit under section 17(1). Regards CA Shubham Sharma contact-9462302922 email-shubham.vnv@gmail.com
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