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    Treatment of GST on Goods Purchased Under CSR Contribution

    Posted By : KAMAL / Published on : 25-Feb-2022 12:41 PM / View : 140 / Comment : 0

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    Dear Members,

    We have planned to distribute educational equipment to underprivileged students studying in various levels.

    The equipment purchase including GST ?

    How do we treat the CST Contribution for Compliance ?

    1. Purchase materials including GST and should not claim GST input

    Ex:- CST Contribution is Rs. 1 Lakh

    purchase material worth Rs. 1 Lakh (including GST 18,000/-)

    or

    2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-

    Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?

    Which is the best practice of compliance ??
    Read more on : contribution under purchased goods treatment

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