Tag: <span>CSR FUNDS</span>

MCA/ROC

Important clarification from MCA -COVID-19 vaccination of employees cannot be considered as CSR activity

CA Jayprakash PandeyJuly 30, 2021July 30, 2021

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...

BUSINESS & ECONOMY

CSR funds spent for creating health infrastructure for COVID care are eligible CSR activities under Companies Act

CS SURBHI SAXENAMay 6, 2021May 6, 2021

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...

AAR GST INDIRECT TAXATION

Expenses Incurred for Corporate Social Responsibility (CSR) are Eligible for Claiming ITC in GST: AAR Uttar Pradesh

Dhanraj SharmaMarch 18, 2021March 18, 2021

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.

NATIONAL NEWS

BMRCL inks MoUs with corporate companies to develop upcoming metro stations under CSR funds

taxconceptOctober 10, 2020October 10, 2020

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...

Tag: CSR FUNDS

Important clarification from MCA -COVID-19 vaccination of employees cannot be considered as CSR activity

CSR funds spent for creating health infrastructure for COVID care are eligible CSR activities under Companies Act

Expenses Incurred for Corporate Social Responsibility (CSR) are Eligible for Claiming ITC in GST: AAR Uttar Pradesh

BMRCL inks MoUs with corporate companies to develop upcoming metro stations under CSR funds

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