<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Input Tax Credit Reversal in case of Religious Trust</title>
    <link>https://www.taxtmi.com/forum/issue?id=119757</link>
    <description>The question is whether temple donations constitute a &quot;supply&quot; and must be included in turnover for Rule 42 ITC reversal and GSTR 9/GSTR 9C. The discussion records the view that such gratuitous donations are not supplies, and therefore are not treated as exempt supplies for Rule 42 and should be excluded from turnover when computing ITC reversal and annual return reconciliation.</description>
    <language>en-us</language>
    <pubDate>Fri, 21 Mar 2025 03:59:32 +0530</pubDate>
    <lastBuildDate>Fri, 21 Mar 2025 10:13:44 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=807863" rel="self" type="application/rss+xml"/>
    <item>
      <title>Input Tax Credit Reversal in case of Religious Trust</title>
      <link>https://www.taxtmi.com/forum/issue?id=119757</link>
      <description>The question is whether temple donations constitute a &quot;supply&quot; and must be included in turnover for Rule 42 ITC reversal and GSTR 9/GSTR 9C. The discussion records the view that such gratuitous donations are not supplies, and therefore are not treated as exempt supplies for Rule 42 and should be excluded from turnover when computing ITC reversal and annual return reconciliation.</description>
      <category>Discussion-Forum</category>
      <law>GST</law>
      <pubDate>Fri, 21 Mar 2025 03:59:32 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/forum/issue?id=119757</guid>
    </item>
  </channel>
</rss>