GST not includible in Gross Receipts for Income Computation U/S 44BB: ITAT Mumbai

Oceaneering International GMBH Vs DCIT (International Taxation) (ITAT Mumbai)

ITAT Mumbai held that GST would not form part of gross receipts for the purposes of computing presumptive income under Section 44BB of the Income Tax Act. Accordingly, appeal of the assessee allowed.

Facts- The assessee, a non-resident company registered in Switzerland, is engaged in the business of providing equipment and service for use in oil and gas drilling operation to various companies engaged in oil and gas exploration activities in India. It filed its return of income for

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