@abhishekrajaram's Latest Twitter Threads

National Informatics Centre, GST e-Waybill System (NIC) issues advisory on the changes introduced in the generation of e-way bills (EWB) from February and March, 2024; Referring to Notification No. 78/2020 –Central Tax, states that from February 1, 2024,

VIL to seek reversal of Rs 10.7 crore penalty order received under CGST Act Vodafone Idea said that it has received an order under the Central Goods and Services Tax Act, 2017, entailing a penalty of Rs 10.76 crore.

Millers seek waiver of GST on rice, reasonable power slab for rice mills - Federation of Tamil Nadu Rice Mill Owners and Paddy Rice Dealers Association

Where registration was cancelled for obtaining it by means of fraud, etc. and though assessee did not receive SCN, order of cancellation referred that assessee had replied to SCN and furthermore, no reason was given for registration cancellation,

⚡️ Mobile Phone 📱 Charger sold along with mobile phone is to be treated as composite part of package 💼 attracts same rate of tax i.e. Karnataka VAT 5% as Mobile Phone: Supreme Court 🤝💰 State of Karnataka vs Micromax Informatics Ltd (08-Dec-2023)

No deemed dividend just because parent Co. holds substantial voting right in assessee & lender Co: Gujarat High Court in GSEC Ltd. vs Deputy Commissioner of Income-tax

𝗙𝗠𝗖𝗚 𝗳𝗶𝗿𝗺𝘀 𝗴𝗲𝘁 𝗳𝗹𝘂𝗿𝗿𝘆 𝗼𝗳 𝗚𝗦𝗧 𝘁𝗮𝘅 𝗻𝗼𝘁𝗶𝗰𝗲𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗘𝘅𝗽𝗿𝗲𝘀𝘀

𝗡𝗲𝘄 𝗿𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗕𝗲𝗻𝗮𝗺𝗶 𝗹𝗮𝘄 𝗺𝗮𝘆 𝘂𝗻𝗲𝗮𝗿𝘁𝗵 𝗼𝗹𝗱 𝗱𝗲𝗮𝗹𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗧𝗶𝗺𝗲𝘀

No reassessment against cash deposits in savings account if AO failed to provide reasons for such reassessment: ITAT Raipur Saraswati Garewal vs Income Tax Officer, Ward 2(1) [25-Oct-2023]

GSTN issued advisory on filing of online declaration in Annexure V and Annexure VI for GTA Taxpayers