@abhishekrajaram's Latest X Threads

[img:dW6TKkWYf]Whenever someone ask me about CA Course, my reply ↘️

True news! The launch of the 'Laadli Behna Yojana' in Madhya Pradesh has skyrocketed State GST Department's audit and scrutiny, paving the way for more funds to benefit the state. 💰💪 Believe it or not, the truth remains unshakable in my words.

GST - Petitioner stopped business due to illness and sought GST cancellation. Registration – petitioner aggrieved by retrospective cancellation because “the taxpayer found not functioning / non-existing at the principal place of business”

In FY22, these states stole the show when it comes to Centre's Direct Tax Collections in India🇮🇳: 💥 Maharashtra pulled in a staggering 37.1% ✨ Delhi held its ground with 12.6% 🌟 Karnataka shined bright at 11.9% ⚡️ T.N showed its might at 6.26% 🔥 Gujarat made waves with 5.07%

GST - Enforcement action - Investigation by multiple agencies – while petitioner’s ITC was blocked on account of a communication received from DGGI, Jaipur, petitioner’s bank account was blocked at the instance of DGGI, Chennai -

GST introduced a complex tax structure with multiple tax rates, exemptions, and classifications which in my opinion is more complex then "Rubik's" Cube...!!

Calcutta High Court declined to interfere with show cause notice which was neither vague nor lacking in particulars. GEETA GANESH PROMOTERS PVT. LTD. vs Union of India [M.A.T. No. 1185 of 2023 with I.A. No. CAN 1 of 2023, 11-Aug-2023] [(2023) 9 Centax 255 (Cal.)]

Adjudication still pending, Rajasthan High Court says payment shouldn't be insisted upon by the department. [Power and Instrumentation (Guj.) Ltd. vs Commissioner of CGST, Commissionerate, dated 25-Jul-2023]

The Supreme Court (11-Aug-2023), ruled in the case of Narayan Prasad Gour vs Commissioner of Central G.S.T. Excise & Service Tax that delay of over 10 years in filing an appeal before CESTAT cannot be condoned in the absence of sufficient cause and appeal was dismissed.

Govt. enacts IGST Amendment Act, prescribes special provisions for specified actionable claims Pursuant to recommendations made by the 50th & 51st GST Council meeting, FinMin introduced the IGST Amendment Bill in the Parliament which has now received the assent of the President.