@abhishekrajaram's Latest X Threads

🔍 Understanding GST Laws: Demystifying Sections 73 to 84 🔍 Ever wondered how the Indian GST Act ensures tax compliance in various scenarios? Let's dive into the recovery provisions! 💼 The GST Act meticulously classifies recovery situations into two categories:

CBIC's new weapon against fraud: Biometric authentication to verify identities linked with suspicious businesses. Over 12k fake entities in GST; CBIC plans biometric authentication, tighter return filing What's your take on biometric authentication as a solution to GST fraud?

Every chess game starts with a strategy. In the world of GST, 'Rule 142' is a key part of the game. Instead of knights and rooks, we've got tax notices and levies. Let's dive into why this rule is so crucial.

West Bengal extend date for filing application for settlement of tax etc. under the W.B.S.T. (S.O.D.) Act, 1999 till 31st July 2023 NOTIFICATION No. 1124 -F.T., Dated 30th June, 2023 - In exercise of the power conferred by sub-section (1) of Section 5 of

The CBIC now lets GST taxpayers explain return discrepancies right on the GST portal. CBIC Introduces New Functionality on GST Portal to Find Out Actual Tax Liability

Evasion alert! Fraud GST registrations top the list, and the Centre is all set to sweep clean. Innocents' PAN and Aadhaar misused to claim fake input tax credits. It's time to secure your identity, folks!

Gujarat's GST secret: just 1.3% of taxpayers fuel 80% revenue. Big names like Reliance, L&T, and Indian Oil lead the pack. Signalling the substantial growth of large corporations in Gujarat, about 1.3% of the state's taxpayers contribute 80% to its revenue through GST.

Ignoring GST obligations in India can lead to severe penalties. It's not worth risking your financial security! #GSTIndia #TaxCompliance

Where Competent Authority seized goods of assessee kept in factory premises and thereafter he confiscated said goods on ground that assessee had failed to maintain records as required U/s 35(1), confiscation of seized goods under section 130(1) was wholly arbitrary and illegal

Did you know? Your ambulance conversion can now benefit from Input Tax Credit claims. Assessee is entitled to claim ITC on vehicle modified and supplied as an ambulance. AAR-Telangana