Vikash Professionals

Key Points about Charitable Trust Or NGO

1. Criteria for a charitable trust to be exempted from GST- (a) Must be registered under Section 12AA of the Income Tax Act, and (b) Services provided by the charitable trust or the NGO must be for a charitable cause.

2. Goods sold by a charitable trust is taxable. The charitable trust must pay the GST rate applicable while purchasing the supply.

3. Charitable trust is conducting training programs, yoga camps, or other programs that are not free for participants, it will be considered as a commercial activity and hence will be liable for GST. Even the donation received for such an activity will be liable for taxation under GST.

4. Services provided by way of training or coaching in recreational activities relating to arts and culture, or sports by a charitable entity will be exempt from GST.

Govt. Had not issued notification for waiver off Late filing fees for the month of August for 3B so file GSTR 3B with late fees if later waived off then your cash credit ledger will credited with amonut.