Profit and gain from business or profession

Direct Taxation

What does it mean? 1. Gst refund will be taxable u/h pgbp 2. Why gst refund will taxable? 3. Gst refund is not an income right ? 4. If it is then how?

Amit Pandit

CA Final

★ 33K+

27-Feb-23 07:22

606

Answers (3)

GSt or sales tax is added as income and payment made is claimed as deduction

CA Suraj Lakhotia

Admin

27-Feb-23 07:24

CA Suraj Lakhotia Admin

GSt or sales tax is added as income and payment made is claimed as deduction

Sir it means if i paid extra tax and took as deduction now extra tax is refunded shall be added in my income

Thread Starter

Amit Pandit

CA Final

★ 33K+

27-Feb-23 07:31

Thread Starter

Amit Pandit

Sir it means if i paid extra tax and took as deduction now extra tax is refunded shall be added in my income

Yes.

CA Suraj Lakhotia

Admin

27-Feb-23 14:31