CBEC : Only 'charitable activities' by trusts exempt; Grant of sponsorship, advertising rights taxable

CBEC explains taxability of charitable institutions and religious trusts under GST regime, states that exemption under Notification No. 12/2017-Central Tax (Rate) is available only in respect of ‘charitable activities’ provided by entity registered u/s 12AA of the Income Tax Act, 1961; Services such as grant of sponsorship and advertising rights during conduct of events / functions would not be considered as ‘charitable activities’ and hence, come under GST net; Howev...