Service tax on donation received (csr) from corporation
This query is : Resolved
10 December 2015
Hello Experts,Please clarify this..
A charitable trust which is working on creating awareness for preservation of environments(in specific restoration/development of lakes in B'lore) got a donation from corporates (as CSR compliance for corporate). Will this attracts service tax treating a contract receipts for development/restoration of lake in the hands of trust or the trust can be claimed exemption as per Mega exemption (Sln 4).
Thanks in Advance
A charitable trust which is working on creating awareness for preservation of environments(in specific restoration/development of lakes in B'lore) got a donation from corporates (as CSR compliance for corporate). Will this attracts service tax treating a contract receipts for development/restoration of lake in the hands of trust or the trust can be claimed exemption as per Mega exemption (Sln 4).
Thanks in Advance
11 December 2015
It will be considered as donation and no service tax applicable.
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