Csr under gst

132 views 1 replies

Good evening,

if anyone can help me to brief me about how to treat CSR expenses under gst?

we have purchased a van for csr activies in city ? what accounting entry i should pass?

and where can i get detail regarding csr under GST act2017

 

Replies (1)
Facts of each case / transaction will need to be analysed taking into consideration relevant provisions of GST law, before taking a call on claiming benefit of ITC qua such transactions. Unless specifically clarified by the Department, there could be an exposure to litigation if credit is availed in such cases where output is not subject to GST.  ITC becoming cost to company due to its inadmissibility might lead to curtailment of benefit to the society at large unless company prefers taking additional hit on its profits.

If you get any answer please update.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads
Loading