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GST Proposals Such As Restricting Credit On CSR Expenses & Those Relating To ITC Reversals Will Have Far Reaching Impact Says Adarsh Somani, Partner, ELP

Adarsh Somani, Partner ‘Thematic changes made to customs tariff with an aim to support to GoI’s flagship programs including Make in India. On the other hand, the GST proposals such as restricting credit on CSR expenses & those relating to ITC reversals are beyond comprehension & will have a far reaching impact. The constitutionality of such provisions shall likely be taken to courts. Further, while the non-announcement of the customs amnesty scheme was dispiriting, no clarification on GST appellate tribunals triggers a credibility of government’s popular slang of accountable administration in guise of 'Good Governance'.’


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