@abhishekrajaram's Latest X Threads

𝗖𝗘𝗦𝗧𝗔𝗧 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗲𝗶𝗺𝗯𝘂𝗿𝘀𝗮𝗯𝗹𝗲 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 📢 The Tribunal held: "Reimbursable expenses cannot be included in the gross value for service tax purposes as Rule 5 has been declared ultra vires and is no longer applicable."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗞𝗼𝗹𝗸𝗮𝘁𝗮 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗜𝗻𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗥𝗼𝗮𝗺𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal held: "Payment of roaming charges to foreign telecom operators (FTOs) for providing connectivity services to the appellant's subscribers abroad is not subject to service tax under 'Business Auxiliary Services' as FTOs do not qualify as 'Telegraph Authority.'"

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗟𝗼𝗮𝗱𝗲𝗱 𝗼𝗻 𝗠𝗲𝗱𝗶𝘂𝗺 𝗕𝗲𝗶𝗻𝗴 𝗧𝗿𝗲𝗮𝘁𝗲𝗱 𝗮𝘀 𝗚𝗼𝗼𝗱𝘀 📢 The Tribunal held: "Software supplied on a medium like USB/CD/Hard Drive is considered goods, not services, and hence, service tax cannot be demanded."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗱 𝗮𝘀 𝗚𝗼𝗼𝗱𝘀 𝗮𝗻𝗱 𝗡𝗼𝘁 𝗮 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 📢 The Tribunal held: "Software supplied preloaded on hardware cannot be treated as a service; such supply is considered a sale of goods, and service tax cannot be demanded."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗗𝗲𝗺𝗮𝗻𝗱 𝗮𝗻𝗱 𝗥𝗖𝗠 𝗖𝗼𝗻𝘀𝘂𝗹𝘁𝗮𝗻𝗰𝘆 𝗖𝗵𝗮𝗿𝗴𝗲𝘀 📢 The Tribunal held: "Expenses incurred for services like Provident Fund consultancy, ROC filing, and RTA charges, not received from an advocate or firm of advocates, do not attract service tax under Reverse Charge Mechanism (RCM)."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗹𝗲𝗮𝗿𝗶𝗻𝗴 𝗮𝗻𝗱 𝗙𝗼𝗿𝘄𝗮𝗿𝗱𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗮𝗻𝗱 𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗩𝗮𝗹𝘂𝗲 📢 The Tribunal held: "If clearing and forwarding services are provided by the same person under separate agreements, freight forwarding charges must be included in the taxable value for C & F services."

𝗩𝗮𝗹𝗶𝗱𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝗗𝗲𝘁𝗮𝗶𝗹𝘀 𝗳𝗼𝗿 𝗡𝗼𝗻-𝗖𝗼𝗿𝗲 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁𝘀 📢 𝗧𝗵𝗲 𝗚𝗦𝗧𝗡 𝗵𝗮𝘀 𝗶𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗮 𝗻𝗲𝘄 𝘂𝗽𝗱𝗮𝘁𝗲: Taxpayers making non-core amendments to update bank account details must now undergo a validation process. This update aims to ensure that bank account information added on the GST portal is verified.

𝗚𝗦𝗧 𝗡𝗲𝘄 𝗨𝗽𝗱𝗮𝘁𝗲 𝗼𝗻 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗕𝘂𝘆𝗲𝗿𝘀’ 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 (𝗚𝗦𝗧 𝗥𝗘𝗚-𝟬𝟳) 📢 𝗧𝗵𝗲 𝗚𝗦𝗧𝗡 𝗵𝗮𝘀 𝗶𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝗱 𝗮𝗻 𝘂𝗽𝗱𝗮𝘁𝗲: Taxpayers buying metal scrap must now comply with new registration guidelines as per 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 25/2024 - Central Tax, dated October 9, 2024. The updated process involves the use of form GST REG-07.

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗜𝗹𝗹𝗲𝗴𝗮𝗹 𝗪𝗶𝘁𝗵𝗼𝘂𝘁 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗡𝗼𝘁𝗶𝗰𝗲!

📰 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗕𝗼𝗴𝘂𝘀 𝗙𝗶𝗿𝗺 𝗤𝘂𝗮𝘀𝗵𝗲𝗱