Monthly Archives: September 2018

No GST on religious, yoga or meditation programme by such ‎registered organisation

Ministry of Finance has come out with a Circular (No. 66/40/2018) dt 26 Sep ‎‎2018 stating that entity registered under S.12AA for the purposes of ‎advancement of spirituality, religious activities or yoga’ would not be subjected ‎to GST on any … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

Is it possible for NGO to open branch office outside India

Dear Members, Is it possible for a Trust (NGO) to open a branch office outside India, If required modification can be done in Trust deed? We can take assumption that we’ll not use any funds raised in India for that … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments

CSR Literature

Dear Members, Greetings..!! Can you suggest me any article/sample audit/annual report explaining the 1) CSR Budgeting 2) CSR Financial Expenditure when an Implementing Agency is involved in CSR Policy. PS: Please suggest at earliest. I am aware of 2% expenditure … Continue reading

Posted in CSR | Comments Off on CSR Literature

Bank Refuses to credit FD amount to FCRA Account

Dear Members, Good Morning I have a query that if any NGO who received Foreign dontion from their foreign donor to their FCRA account (XYZ bank). With that donation they prepared fixed deposits. But now they want to utilize that … Continue reading

Posted in FCRA, TAX, LEGAL | 15 Comments

Corpus Donation

Sir, I had read in one of your answers that under CSR cos can donate to corpus fund ? is it true?Under what section of the act ?whatever details we can get from your forum we will like others will … Continue reading

Posted in FCRA, TAX, LEGAL | 2 Comments