https://www.taxtmi.com/highlights?id=76718 Levy of tax - non-banking financial services - sundry creditors - GSTR-9C reconciliation statement - The Court found that treating total trade receivables as taxable turnover was erroneous, especially when the issue of non-payment to sundry creditors was raised. It was reasoned that only trade payables, not receivables, should have been considered for tax liability. The impugned order was set aside on this issue, and it was remanded for reconsideration. en-us Fri, 19 Apr 2024 08:07:55 +0530 Fri, 19 Apr 2024 08:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76718 Levy of tax - non-banking financial services - sundry creditors - GSTR-9C reconciliation statement - The Court found that treating total trade receivables as taxable turnover was erroneous, especially when the issue of non-payment to sundry creditors was raised. It was reasoned that only trade payables, not receivables, should have been considered for tax liability. The impugned order was set aside on this issue, and it was remanded for reconsideration. Highlights GST Fri, 19 Apr 2024 08:07:55 +0530 https://www.taxtmi.com/highlights?id=76718