GST, Interest & Penalty paid during Search

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....ST, Interest & Penalty paid during Search<br> Query (Issue) Started By: - Bhavesh Patel Dated:- 11-10-2025 Last Reply Date:- 11-11-2025 Income Tax<br>Got 2 Replies<br>Income Tax<br>A XYZ Pvt Ltd face ....

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....a GST search in its premises on 22/07/2024. The GST department raised a demand for the previous year(FY 2020-21, 2021-22 & 2022-23). Is it allowable as an expense under the Income Tax Act in FY 2024-2....

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....5, or is the principal payment of GST disallowed as Deferred revenue expenditure? Reply By Padmanathan KV: The Reply: What was the basis of the demand? was it tax on suppressed turnover? Reply By B....

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....havesh Patel: The Reply: Partial demand for suppressed turnover and partial demand for availing ineligible credit u/s 17(5)<br> Discussion Forum - Knowledge Sharing ....