If Companies have spent CSR funds for #COVID-19 vaccination for persons other than then employees and their families. It will be eligible for CSR Activity for companies. Source : -MCA circular-refer below picture
The Government has clarified that spending of Corporate Social Responsibility (CSR) funds for creating health infrastructure for COVID care are eligible CSR activities under Companies Act. The eligible CSR activities include establishment of medical Oxygen generation and storage plants, manufacturing and supply of Oxygen concentrators, ventilators, cylinders and other medical equipment for countering COVID-19 or …
Question: Whether expenses incurred by the company in order to comply with requirements of Corporate Social Responsibility (CSR) under the Companies Act, 2013 (‘CSR Expenses’) qualify as being incurred in the course of business and eligible for input tax credit (‘ITC’) in terms of Section 16 of the CGST Act, 2017?
Ruling by AAR: Yes.
BMRCL inks MoUs with corporate companies to developupcoming metro stations under CSR funds The proposed metro line between Electronic city and Bangalore International airport will now get CSR funds for the development and maintenance of metro stations. Infosys foundation has come forward to pay Rs. 200 crore for the construction of Konappana Agrahara metro stationnear …