ITAT Allows Deduction for GST Paid Before Due Date of ROI Filing

Santi Kumar Oswal Vs ACIT (ITAT Kolkata) Introduction: In the noteworthy case of Santi Kumar Oswal Vs ACIT, the Income Tax Appellate Tribunal (ITAT) Kolkata made a significant ruling regarding the disallowance of Goods and Services Tax (GST) under Section 43B of the Income Tax Act, 1961. The ITAT overturned a prior decision by the Commissioner of Income Tax (Appeals), stating that no disallowance can be made if GST is paid before the due date of filing the Return of Income (ROI). This article will delve into the details of this case, examining the arguments presented and discussing the implica...