MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

GST allowable or not ?

This query is : Resolved 

03 December 2021 Is GST paid by normal tax payer allowed as expense under Income Tax Act ? Please give reasons. Then why is it so allowed in case of composite supplier ?

04 December 2021 For Normal Dealers it is not allowed as expense because it is available to be recovered from purchaser. Only excess amount after claim of ITC is paid by the dealer.
While for composite dealers it is actual expense or cost to purchase.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries