Input Tax Credit Reversal in case of Religious Trust

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..... Input Tax Credit Reversal in case of Religious Trust
Query (Issue) Started By: - Mihir Modak Dated:- 21-3-2025 Last Reply Date:- 21-3-2025 Goods and Services Tax - GST
Got 2 Replies
GST
D .....

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..... onations 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 reve .....

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..... rsed 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?   Reply By Mihi .....

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..... r Modak: The Reply: Also whether the Donation amount should be considered for calculation of Turnover for GSTR-9/9C?  Reply By Shilpi Jain: The Reply: Donations should not be considered for ca .....

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..... lculation for rule 42 as it is not a supply.
Discussion Forum - Knowledge Sharing .....

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