@abhishekrajaram's Latest X Threads

📰 𝗞𝗮𝗿𝗻𝗮𝘁𝗮𝗸𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗥𝘀. 𝟮𝟭,𝟬𝟬𝟬 𝗖𝗿𝗼𝗿𝗲 𝗚𝗦𝗧 𝗗𝗲𝗺𝗮𝗻𝗱 𝗤𝘂𝗮𝘀𝗵𝗲𝗱 𝗳𝗼𝗿 𝗢𝗻𝗹𝗶𝗻𝗲 𝗚𝗮𝗺𝗶𝗻𝗴 𝗖𝗼𝗺𝗽𝗮𝗻𝘆

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗦𝗲𝘁𝘀 𝗔𝘀𝗶𝗱𝗲 𝗚𝗦𝗧 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗢𝗿𝗱𝗲𝗿 𝗙𝗼𝗿 𝗟𝗮𝗰𝗸 𝗢𝗳 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰𝗶𝘁𝘆

💰 Good News! Health and Life Insurance Could Get a Little Cheaper! 🎉 The Indian government is considering reducing the Goods and Services Tax (GST) on certain types of insurance, potentially making it a bit more affordable for you! 🙌

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗢𝗰𝗲𝗮𝗻 𝗙𝗿𝗲𝗶𝗴𝗵𝘁 𝗮𝗻𝗱 𝗠𝗮𝗿𝗸-𝘂𝗽 𝗖𝗵𝗮𝗿𝗴𝗲𝘀 📢 The Tribunal held: "Service tax cannot be levied on ocean freight, air freight, or the mark-up received by the appellant from freight charges during the disputed period."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗗𝗼𝘂𝗯𝗹𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗗𝗲𝗺𝗮𝗻𝗱 𝗮𝗻𝗱 𝗦𝗘𝗭 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 📢 The Tribunal held: "Service tax cannot be demanded twice on the same service, even if the liable party did not pay it, but another party did. Services provided to SEZ are exempt from service tax."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗪𝗼𝗿𝗸𝘀 𝗖𝗼𝗻𝘁𝗿𝗮𝗰𝘁 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗮𝗻𝗱 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 📢 The Tribunal held: "The activity involves both goods (wooden crates) and services (packing), qualifying as Works Contract Service, eligible for abatement under Notification No. 30/2012. Charging service tax on both parties would result in double taxation."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗥𝗲𝗳𝘂𝗻𝗱 𝗣𝗿𝗼𝗰𝗲𝗲𝗱𝗶𝗻𝗴𝘀 📢 The Tribunal held: "CENVAT credit cannot be denied during refund proceedings without initiating proceedings under Rule 14 of the CENVAT Credit Rules, and a cash refund is allowed under Section 142 of the CGST Act."

📰 𝗝𝗵𝗮𝗿𝗸𝗵𝗮𝗻𝗱 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗖𝗿𝗶𝗺𝗶𝗻𝗮𝗹 𝗣𝗿𝗼𝘀𝗲𝗰𝘂𝘁𝗶𝗼𝗻 𝗤𝘂𝗮𝘀𝗵𝗲𝗱 𝗢𝘃𝗲𝗿 𝗗𝗲𝗹𝗮𝘆𝗲𝗱 𝗧𝗮𝘅 𝗙𝗶𝗹𝗶𝗻𝗴 𝗗𝘂𝗲 𝘁𝗼 𝗛𝗲𝗮𝗹𝘁𝗵 𝗜𝘀𝘀𝘂𝗲𝘀

📰 Bombay High Court Slams Tax Authorities: Illegal Debit of INR 62,32,400 Without Consent

📰 𝗧𝗿𝗶𝗽𝘂𝗿𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗦𝘁𝗲𝗽𝘀 𝗜𝗻: 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗦𝘂𝘀𝗽𝗲𝗻𝘀𝗶𝗼𝗻 𝗨𝗻𝗱𝗲𝗿 𝗙𝗶𝗿𝗲!