@abhishekrajaram's Latest Twitter Threads

Avoid these common errors while filing your Indian Income Tax Return! 🚫💰 Learn from the mistakes of others and file your returns like a pro. Here are 10 key mistakes to avoid 👇🧵 You all are free to copy and paste this and share it in your circle with your name also.

🚫GST officers bust Rs. 557 crore fake billing racket, arrest 3 ✳️The Directorate General of GST Intelligence (DGGI) has busted two fake billing rackets involving 246 shell/fake entities. #GST #fakebillingracket #ITC #DGGI #taxevasion

🔴The Government has announced its intentions to establish an online auditing system under the Goods and Services Tax (GST) regime, as reported by a Parliamentary Panel.

3.5% of GST evaded in Gujarat recovered Gujarat at No.4 in Fake Billing The scams have cost the exchequer billions of rupees in lost revenue. In Gujarat alone, the CGST department has recovered just 3.5% of the Rs 4,266 crore that was evaded through fake billing scams.

GST Council to meet next week virtually on e-Gaming levy

Assessees' grievances due to 'ITR-Schema delay' deserves redressal, remarks Delhi HC reports Taxsutra

Insurers Caught Submitting Fake Bills to Evade GST..!! The Directorate General of GST Intelligence (DGGI) has found that some insurers have submitted fake bills to contest charges of wrongful input tax credit claims.

When GST Amnesty is announced and the Petitioner's case falls within the scheme of GST Amnesty for Revocation, Writ Petition is not maintainable due to the alternative remedy available. Gujarat High Court in RADHE PACKAGING vs. UOI [Spl. Civil Application No 5673/2023; 05-Apr-23]

-> Tax authorities have identified nearly 15,000 entities and detected evasion of more than Rs 38,000 crore over the years.

Tax professionals in Indore have urged the finance ministry to constitute the third bench of the #GSTAT in #Indore. The GSTAT will be constituted in a phased manner, with the first two benches being set up in Delhi and Mumbai.