Bambino Pasta Food Industries Private Limited ., In re
Date: October 20, 2022
Subject Matter
Tax paid on purchases made to meet the obligations under corporate social responsibility will be eligible for ITC
Summary
Q. Whether ITC is available on CSR expenditure spent by the company? From the statutory provisions of the Companies Act, 2013, it is observed that Companies with a specified networth or net profit are obliged to incur a minimum of 2 % of their net pr…
1. M/s. Bambino Pasta Food Industries Private Limited, 8-2-610-68-1,2,3, Accord Blu, 4th Floor, Banjara Hills, Road No. 10, Hyderabad, Telangana – 500 034 (36AABCP9222D1ZN) has filed an application in FORM GST ARA-01 under Section 97(1) of TGST Act, 2017 read with Rule 104 of CGST/TGST Rules. 2. At the outset, it is made clear that the provisions of both the CGST Act and the TGST Act a…