CSR Expenses cannot be Claimed as ITC: Important GST Amendment in Budget 2023 [Read Finance Bill]

By Fathima Karama A.M - On February 2, 2023 12:34 pm - 2 mins read
CSR Expenses - CSR - Claim - ITC - GST Amendment - GST - Budget 2023 - budget 2023 - budget 2023 live - union budget 2023 - nirmala sitharaman budget - nirmala sitharaman union budget - taxscan

Under the newly proposed Union Budget 2023 the Union Ministry has proposed certain important amendment in GST by which Corporate Social Responsibility ( CSR ) cannot be claimed as Input Tax Credit ( ITC )    Section 17(5) of CGST Act is being amended to provide that input tax credit shall not be available in respect…

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