@abhishekrajaram's Latest X Threads

Government to tighten GST registrations to curb frauds The GST Council has decided to reduce the time period for submitting PAN-linked bank account details from 45 days to 30 days. This will help the government to quickly identify and suspend fake registrations.

Delhi govt sets up GST registration cell to boost revenue collection The Delhi government has set up a centralised GST registration cell Sewa Kendra to improve the registration process, combat tax evasion and boost revenue.

Income-tax department 'following' influencers, notices to 15 Several social media influencers are facing income tax heat following their posts on travel to exotic locations.

ITR filing: Not linking PAN with Aadhaar can cost you Rs 6,000 If you didn't link your PAN with Aadhaar by June 30, 2023, then from July 1, 2023, your PAN will be tagged as in-operative.

The Customs Department not justified in asking assessee to pay penalty amount within 7 days from date of receipt of notice: Madras High Court in Big Bags International Pvt. Ltd. vs. Commercial of Customs, (Sea Port-Export), Chennai [(2023) 8 Centax 66 (Mad.), 10-May-2023]

The government has amended provisions of the Money Laundering Act to allow enforcement directorate (ED) to share information with GST Network. The move would help recovery of Goods and Services Tax (GST) evaded through money laundering.

GST Council meeting: The onus of deducting TCS may be on ONDC sellers The GST Council could clarify things about TCS liability in the context of the new ONDC model. It might just be the ECO's responsibility!

Alert! GST Council could revolutionize your ITC! New GST rules on the horizon; businesses may be required to explain ITC discrepancies Currently, businesses use taxes paid by their suppliers, also known as ITC, to offset their GST liability when filing GSTR-3B tax returns.

Ever wonder what opportunity wastage truly looks like? Applicant was Registered in West Bengal He approached West Bengal AAR on the subject matter that he intended to purchase goods from Assam and wants to send them to West Bengal then whether he needs Registration at Assam?

GST Council meeting on July 11: Papad, kachri set to be exempted from GST, other things on agenda