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Tax implications on ngo

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(Querist)
12 August 2014 Please advise me regarding the treatment n implication in the below case If I m an NGO collecting donation frm the school which the school collect frm its students for participating in a noble cause n the NGO purchase some particular product in bulk frm the company n give as a gift to the respective student for the participation in the cause. Then is this will be treated as a purchase for the NGO or as it's expenses?? N also is the company (from which the NGO is purchasing the product) liable to pay any Vat applicable to the product??? Please advise me about various implications. .
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pranav

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pranav (Expert)
13 August 2014 Vat payable.. rest as it is for purpose of ngo, not taxable
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