AAR: Provision of education kits, raincoats, boots, socks ‘exempt supply’, ineligible for ITC

Tamil Nadu AAR holds that supply of education kit/cost-free kit to students of government aided schools for which consideration is paid by the State Government through budgetary allocation is exempt; Notes that education kit such as school bags, footwear, geometry box, wooden colour pencils, crayons, woollen sweaters to government and government aided schools based on the State Government educational policy for which the consideration is paid to assessee by means of a budgeta...