ITAT Upholds Deletion of Rs 4.07 Crore Addition on GST Accounting Issue:

ITAT held that GST collected on behalf of the Government under the exclusive accounting method cannot be treated as taxable income, upholding the deletion of a Rs 4.07 crore addition.
ITAT Deletes Rs 4.07 Crore GST Addition

Premium
ITAT Upholds Deletion of Rs 4.07 Crore Addition on GST Accounting Issue
ITAT held that GST collected on behalf of the Government under the exclusive accounting method cannot be treated as taxable income, upholding the deletion of a Rs 4.07 crore addition.
Also Read
ITAT Deletes Penalty for Misreporting Income on Political Donation Deduction Under Section 80GGCCBDT Clarifies BSNL, MTNL VRS-2019 Compensation Taxable Under Section 10(10C), Not 10(10B)ITAT Deletes Section 69A Addition as Income Computation Supports Source of Cash DepositsITAT Restores Ex-Parte Assessment for Fresh Adjudication After Condoning 1,131-Day Delay
About Author
Vanshika verma
Content Writer
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
2120My Recent Articles
- SEBI Warns Investors Against Fake WhatsApp Groups Offering Stock Tips, Trading Advice and False Profit Claims
- Indo Amines Limited Under GST Department Scrutiny as Maharashtra Tax Officials Initiate Search and Inspection at Registered Office
- Park Medi World Says Income Tax Department’s Verification at Company-Linked Premises Had No Impact on Operations or Expansion Plans
- Rajasthan Launches Statewide GST Crackdown, Uncovers Suspected Tax Irregularities Worth Rs 2.85 Crore
- Centre to Invite Public Feedback on Revised GST Return Forms From November 1, Aims to Reduce Errors and Tax Notices
Up Next
Loading suggestions…
Recent Posts
All Posts
Tags
Recent Posts
All Posts








