https://www.taxtmi.com/caselaws?id=470994 Unpaid GST liability remains subject to disallowance under Section 43B even where GST is accounted for under the exclusive method and is not routed through the profit and loss account. Both inclusive and exclusive GST accounting methods are recognised and should not produce different tax treatment. Section 145 and applicable income computation standards require the GST component to be included in turnover; therefore, non-routing through the profit and loss account does not prevent disallowance. Where the unpaid liability is apparent from the tax auditor's reporting, it may be adjusted while processing the return under Section 143(1). Deduction may be claimed in the year of actual payment, subject to law. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 22:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470994 Unpaid GST liability remains subject to disallowance under Section 43B even where GST is accounted for under the exclusive method and is not routed through the profit and loss account. Both inclusive and exclusive GST accounting methods are recognised and should not produce different tax treatment. Section 145 and applicable income computation standards require the GST component to be included in turnover; therefore, non-routing through the profit and loss account does not prevent disallowance. Where the unpaid liability is apparent from the tax auditor's reporting, it may be adjusted while processing the return under Section 143(1). Deduction may be claimed in the year of actual payment, subject to law. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470994