Companies see gain in CSR, want GST on initiatives removed: Report

Legally mandated measure seen helping business in improving labour productivity

Corporate social responsibility (CSR) helps improve productivity but companies want the Goods and Services Tax (GST) removed from the legally mandated practice, said a report on Wednesday.

"CSR initiatives that are promoting upskilling and reskilling are gaining momentum and translating the labour productivity improvements, in turn, helping boost economic growth. In addition to this, organizations that are creating CSR programs that are meaningful to their employees and aligned with the organization’s values can see direct links to achieving business goals," said the "GST Levy on CSR" report released by Teamlease Education Foundation.

"CSR programs are attracting new talent as well