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With India continuing to reel under COVID-19 infections, the term essentials not just imply ‘Roti, Kapda and Makaan’ but has likewise brought within its sphere masks, sanitizer, gloves and many other protective equipment. Corporates are being urged to undertake welfare measures for employees thereby ensuring their well-being and to also support society at large in fighting against this pandemic by providing donations in COVID relief reserves, clinical helps and so forth. This has prompted a sharp rise in expenses of corporates involved in this endeavor.
Regardless of whether it is incurred for employees or social causes, Input Tax Credit (ITC)
