GST paid on Sale of byproduct of Coal and total purchase price collected as a middleman cannot be added u/s 68

The Kolkata Bench of Income Tax Appellate Tribunal has held that GST paid on the sale of the byproduct of coal and total purchase price collected as a middleman cannot be added u/s 68 of the Income Tax Act,1961. G.S. Atwal & Company (Engineers) Pvt. Limited,the assessee company was engaged as Del-Credere Commission Agent by…

Source Taxscan

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