WebFeb 14, 2024 · Now, in order to discuss ‘eligibility of ITC on CSR Activities/expenses’ let’s recap the legal provisions relating to ITC. 4. Eligibility of ITC on CSR Expenses: –. Section 16 (1) of the Central Goods and Service Tax (‘CGST Act, 2024’) prescribes the eligibility criteria for taking Input Tax Credit. It states that “Every ... WebMar 30, 2024 · A) The first way of thinking: No ITC accessible on CSR activities. As per Section 17 (2) of the CGST Act, GST on CSR activities and the taxes paid on inputs can be availed when the outputs are taxable. Under CSR policy, the company is providing goods or services free of cost. So, ITC cannot be availed on CSR activities.
Corporate Social Responsibility Policy - ITC Infotech
WebCSR activities are not eligible for ITC: Gujarat AAR WebMay 16, 2013 · 12. CSR of ITC Limited Social Farm and Forestry Helps the farmers and tribals to produce plantations on their wastelands. Provides … opening times lakeside shopping centre
The ultimate report on CSR of ITC Limited - The CSR Journal
WebIn the FMCG sector, ITC Limited is in the manufacturing of products in different categories such as Foods, Cigarettes and Cigars, Incense Sticks and Safety Matches, Personal Care, Incense Sticks, and Safety Matches, and Branded Apparel. ... CSR Activities. ITC is involved in various CSR (Corporate Social responsibility) activities or ... WebApr 1, 2024 · The company was ranked first in the category of 'Best Industry for CSR Activities'. The award recognising ITC's sustained efforts in water stewardship was presented by President Ram Nath Kovind in the presence of Union Water Resources and Development Minister, Gajendra Singh Shekhawat along with other dignitaries. WebNov 9, 2024 · As of 2016, about 460 companies have been listed as CSR contributors for the country. Some of the big guns are ITC, Tata Group, Infosys, Ambuja Cement, Ultratech Cement, Mahindra & Mahindra, Tata Chemical and Bharat Petroleum Corporation Ltd. Contributions were majorly towards two sectors – health and education. ip44 junction box