The Budget proposals provide that input tax credit under the Goods and Services Tax (GST) provisions, will not be available in respect of goods or services acquired by a company for use to meet its Corporate Social Responsibility (CSR) obligations.
The Times Of India has written a detailed article titled ‘India Inc braces for CSR cost blow’ where Adarsh Somani, Partner, Economic Laws Practice (ELP)’s views have been sought.
Read the detailed article here: http://bit.ly/3Y4ycMW