As India Inc opens up, industry seeks clarity on availability of ITC under CSR spending

With India Inc opening up purse strings during the pandemic to provide medical equipment and aid, non-availability of input tax credit on goods purchased as part of corporate social responsibility is again in focus. Industry has petitioned the finance ministry on the issue, seeking clarity on the availability of input tax credit on goods purchased as part of the CSR spending. Industry has pitched for relief arguing that the CSR spending was a