Input Tax Credit Reversal in case of Religious Trust, Goods and Services Tax - GST

[Mihir Modak]

Donations are collected by temple in Donation Box. There is no "supply" involved in this. The same is not considered as exempt supplies as there is no "Supply.

As per Rule 42, the ITC needs to be reversed in case of exempted supplies. While applying the formula for calculation whether "Donations" will form Part of turnover or the same should be ignored as there is NO Supply?

 

Posts / Replies

[Mihir Modak]

Also whether the Donation amount should be considered for calculation of Turnover for GSTR-9/9C? 

[Shilpi Jain]

Donations should not be considered for calculation for rule 42 as it is not a supply.