Is gst refund taxable under PGBP?

IF gst and interest on gst is allowed as expenditure under section 36. so , whether the refund of gst is taxable under PGBP or not ?

explain with reason.
Replies (2)
Quick Summary
This discussion explores whether a GST refund is taxable under the Profit and Gains from Business or Profession (PGBP) head. The consensus is that if GST paid is treated as a balance sheet item (Duties and Taxes) rather than an expensed item, then any subsequent refund received would be adjusted against that balance sheet account. Therefore, the GST refund would not be considered business income and is not taxable under PGBP.

Hi Sir,

Actually GST refund which we get is for the GST already paid (same is not expensed out rather it forms part of the Duties and Taxes i.e, Balance Sheet item).

So now gst refund will be adjusted by duties and taxes ledger.
Therefore GST refund will not form part of business income.
Thank u

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details