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Gst credit on csr expenses

ITC / Input 482 views 1 replies
Whether gst paid on expenses incurred for conducting a science exhibition for schools would be allowed as credit to an industry?
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.

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