DECEMBER 2022 (Week 1)

GST NEWS BULLETIN

Input Tax Credit can be availed on Corporate Social Responsibility expenses

The Telangana AAR, in lieu of an application filed by M/s. Bambino Pasta Food Industries Private Limited, [TSAAR Order No.52/2022] ruled that Corporate Social Responsibility (“CSR”) expenditure for business is eligible for Input Tax Credit (“ITC”).

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Medical insurance premiums for employees, pensioners, and their family members are taxable under GST

The Telangana State Appellate Authority for Advance Ruling (“TAAAR") in the case of M/s. Hyderabad Metropolitan Water Supply and Sewerage Board (Order in Appeal No. AAAR/12/2022) upheld the ruling passed by the Advance Ruling Authority (“the AAR”) of not providing the benefit of exemption under entry no. 3 of the Notification 12/2017-Central Tax (Rate) dated June 28, 2017 (“Exemption Notification”) wherein the payment was made for medical insurance premiums for employees, pensioners, and their family members.

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Knowledge Updates Team
AKGVG & Associates
(Chartered Accountants)

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