@abhishekrajaram's Latest X Threads

All GST registered businesses will now have to geocode their addresses: GSTN

GST is a very complex tax system, and there are several different rules and regulations that businesses need to comply with to ensure they are correctly registered and making the correct payments.

The GST official, at an awareness programme in Mumbai, mentioned that AI is being used to detect tax evasion and nab the culprits. This is a positive development, as it shows that the government is committed to enforcing GST laws and regulations.

Insist on invoice while making payments, says GST official With the #GST regime set to complete six years of implementation in July this year, tax officials have urged members of the public to insist on an invoice from sellers and service providers while making payments.

Order passed by non-jurisdictional AO is valid if assessee participated in proceedings pursuant to issue of notice: SC Deputy Commissioner of Income-tax (Exemption) vs Kalinga Institute of Industrial Technology [2023] 151 taxmanncom 434 (SC)

The GST Council is also to discuss a proposal to reduce the GST rate for some cancer drugs, papad (non-fried) and LD steel slag to 5% from 18% in the upcoming gst council meeting. This would make these products more affordable for consumers.

GST Council to tighten registration process to curb tax evasion and much more on cards.

Navigating the labyrinth of GST return filing can be tricky. However, with the right knowledge, you can avoid common errors and ensure a smooth filing process. Do not forget to follow me. Here are five pitfalls to sidestep when filing Indian GST returns:

5000 summons issued to GST assessees in 6 months in Indore claims Tax Practitioners Association GST Dept.-Indore has been issuing summons to assessees in the last six months in cases pertaining to discrepancy in input tax credit, expiry of e-way bills and fake GST registration.

Bombay High Court issues notice to the Department for Blocking ITC Ledger and creating a Negative Liability of Rs. 97,46,27,058 in the case of Seya Industries Limited vs State of Maharashtra. [Writ Petition 8095/2023, 03-Jul-2023]