@abhishekrajaram's Latest X Threads

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗖𝗕𝗜𝗖 𝗜𝘀𝘀𝘂𝗲𝘀 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗚𝗦𝗧 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝗩𝗮𝗿𝗶𝗼𝘂𝘀 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 245/02/2025-GST, providing clarifications on GST applicability for specific services, based on the 55th GST Council meeting recommendations. [img:llEIlR8wY]

𝗜𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗗𝗮𝘁𝗲𝘀 𝗳𝗼𝗿 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁𝘀 𝗶𝗻 𝗖𝗚𝗦𝗧 𝗥𝘂𝗹𝗲𝘀, 𝟮𝟬𝟮𝟰 The Central Board of Indirect Taxes and Customs (CBIC) has issued Notification No. 09/2025-Central Tax, specifying the effective dates for amendments in the Central Goods and Services Tax (CGST) Rules, 2024 under Section 164 of the CGST Act, 2017. [img:T2juqngt3]

𝗖𝗕𝗜𝗖 𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗲𝘀 𝗟𝗮𝘁𝗲 𝗙𝗲𝗲 𝗼𝗻 𝗙𝗢𝗥𝗠 𝗚𝗦𝗧𝗥-𝟵𝗖 𝗙𝗶𝗹𝗶𝗻𝗴: 𝗪𝗮𝗶𝘃𝗲𝗿 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗨𝗻𝘁𝗶𝗹 𝗠𝗮𝗿𝗰𝗵 𝟯𝟭, 𝟮𝟬𝟮𝟱 The Central Board of Indirect Taxes and Customs (CBIC) has issued Circular No. 246/03/2025-GST clarifying the applicability of late fees under Section 47 of the CGST Act, 2017, for delays in furnishing FORM GSTR-9C (Reconciliation Statement) along with FORM GSTR-9 (Annual Return). [img:tZAqwyRZI]

Quick Overview of Ind-AS. Steps to Download the file: 1) Like or Reply to this tweet 2) Check your DM for the link 3) Download the File 4) Join our WhatsApp group for FREE Tax Updates This post is valid for only 24 hours or 500 DM's whichever is earlier. [img:NP-On6iyo]

Order levying interest and penalty to be set aside as assessee reversed the excess ITC which was in dispute: Madras High Court K.C. & Sons vs. Deputy Commissioner (ST), GST Appeal [2025] 171 taxmann com 31 (Madras)

No demand to be raised merely on diff. between GSTR-1 & GSTR-3B without considering reply filed by assessee Baccarose Perfumes and Beauty Products (P.) Ltd. v. State of Gujarat - [2025] 170 taxmann com 803 (Gujarat)

💡 India is paving the way for innovation in the critical minerals sector! The removal of customs duty on scraps of materials like lithium-ion batteries and cobalt powder opens up exciting opportunities for the recycling industry. This is a call to investors and entrepreneurs to build a greener, more resilient future. Let's see what new technologies and businesses emerge! 🚀 Eliminating customs duty on critical mineral scrap is a game-changer for Indian manufacturers. 🇮🇳 India just made a HUGE move towards a greener, more self-reliant future! ♻️ #India #Innovation

There are interesting developments in the works for India's GST regime! Reports indicate discussions between the Centre and states are focused on both rate rationalization and simplification of the GST structure. While the initial proposal was to keep the 12% slab, it seems counterintuitive to the overall goal of reducing the number of slabs. Will they ultimately streamline it further? This could have major implications for businesses and the economy. What do you think about the potential changes? Are you ready for potential changes to the tax slabs? Do you think eliminating the 12% slab is the right move? How would changes to the GST system impact your business or household? Share your thoughts below! #GST #TaxReform #Business #YourOpinionMatters

🚨 Major Health Alert in Kerala! 🏥 Kerala's largest biomedical waste facility has had its GST registration cancelled! This is huge, as they handle medical waste from healthcare facilities across the entire state. The GST Department's order cites "willful misstatement and suppression of facts." While operations continue, for now, they can't bill clients or transport waste legally without GST registration. Key impacts: ➡️300+ staff and 100 vehicles affected ➡️Can't generate e-way bills for waste transport ➡️Unable to bill healthcare facilities Most concerning? Health Minister's office seems unaware of the situation. This could become a serious public health concern for Kerala. The facility has been operating since 2003 and manages biomedical waste from healthcare establishments statewide. What do you think about this development? Let's discuss in the comments. 👇 #Kerala #Healthcare #PublicHealth #MedicalWaste #GST #Environment

1st February: QRMP Opt-in/out window for Q1 (April - June 2025) under Rule 61A. Open: 01.02.2025 Close: 30.04.2025