ITC for CSR activities

Finance Bill, 2023The amendment states that input tax credit on goods and services received by companies to undertake CSR activities under section 135 of Companies Act, 2013 is not allowed. The amendment will come into effect from the date to be notified.

o Track the ITC reversed in GSTR 3B under Table 4(B)(2) are correctly reclaimed in Table 4A(5) and reported under Table 4D (1) starting from August 2023 return period. Also to facilitate that while re-claiming ITC in GSTR-3B, the amount aligns appropriately with the corresponding reversed ITC

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