ITC cannot be claimed for Expenses related to CSR Initiatives: AAAR

ITC - claimed for Expenses - claimed - Expenses - Expenses related to CSR Initiatives - CSR Initiatives - CSR - TAXSCAN

The Appellate Authority for Advance Ruling (AAAR) Gujarat in a recent decision held the input tax credit (ITC) cannot be claimed for expenses related to Corporate Social Responsibility (CSR) activities mandated by the Companies Act, 2013. The appellant,Adama India Private Limitedsubmitted that as per Section 135 of the Companies Act, 2013, it has been spending…

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