GST Is Not Income: Excluded from Gross Receipts u/s 44BB Even After u/s 145A

Oceaneering International GmbH Vs DCIT (ITAT Mumbai)

Assessee, a non-resident engaged in shipping operations, was assessed u/s 44BB on presumptive basis. AO included GST component collected separately in invoices as part of “gross receipts” while computing deemed income @7.5% u/s 44BB, relying on amended section 145A & ICDS. DRP upheld inclusion of GST.

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