@abhishekrajaram's Latest X Threads

Genuine Sellers' GST License Suspension Could De-Rail Drive Against Fake GST Registrations

🚨 A deep dive into penalties U/s 125 in Indian GST Laws 🚨 1/ General penalties apply when no specific penalty is stated: - Failing to comply with any provisions - Obstructing an officer in the proper exercise of their duties

PPBM members meet DETC over verification of GST dealers A delegation of Punjab Pradesh Beopar Mandal (PPBM) met the District Excise and Taxation Commissioner (DETC) Rajwinder Kaur regarding door-to-door verification of GST dealers.

Auto dealers want GST on two-wheelers reduced to 18% Federation of Automobile Dealers' Association (FADA) has requested the GST Council to reduce GST on two-wheelers from 28% to 18%. This is aimed at making two-wheelers more affordable and reviving demand in the industry.

Gujarat has 11.4 lakh taxpayers of whom 6.5 lakh fall under SGST. Of these, the first list of 2,500 suspicious entities has been prepared based on which verification is being conducted.

In continuation of my earlier tweet or post here are more details on "20% TCS on Credit Cards" The procedure to deduct TCS on credit card foreign payments is as follows: The credit card issuer will collect TCS at the rate of 20% from the credit card holder.

The government of India has announced that a 20% tax collected at source (TCS) will be levied on all credit card foreign payments made outside India, effective July 1, 2023. This move is expected to increase the government's revenue collection and curb the black money menace.

Law firms [img:kyrkOumsV] write to PMO requesting to maintain current GST rate for online gaming industry.

Unlocking the Mystery of GST Physical Verification Drive🔍 The recent All India Physical Verification Drive in GST has raised a few eyebrows. But what does it really mean for businesses and tax professionals? Let's deep dive into it.

GST rates for online gaming to be discussed in GST council meeting in June In the latest update regarding tax rate for online gaming, GST council may discuss the report submitted by Group of Minister (GoM) back in December 2022.