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Goods and Services Tax | Bank Credits Are Not Sales: Limits of Estimating GST Turnover from a Current Account

4 Oct 2026 · 4 Oct 2026By RAVINDRA KUMAR RASTOGISource: TaxGuru

Bank credits alone cannot establish suppressed GST turnover without proof of taxable supply, consideration, invoices, buyers or movement of goods. The post Bank Credits Are Not Sales: Limits of Estimating GST Turnover from a Current Account appeared first on TaxGuru .

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Original credit: RAVINDRA KUMAR RASTOGI. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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