@abhishekrajaram's Latest X Threads

📰 𝗖𝗮𝗹𝗰𝘂𝘁𝘁𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗡𝗼 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝗳𝗼𝗿 𝗘-𝘄𝗮𝘆 𝗕𝗶𝗹𝗹 𝗘𝘅𝗽𝗶𝗿𝘆 𝗶𝗻 𝗔𝗯𝘀𝗲𝗻𝗰𝗲 𝗼𝗳 𝗧𝗮𝘅 𝗘𝘃𝗮𝘀𝗶𝗼𝗻

🍦💸 Softy Ice Cream Shocker! 😲 Higher GST on Your Favorite Frozen Treat 💸🍦 Bad news, ice cream lovers! 😥 A recent ruling by the GST Authority for Advance Rulings (AAR) in Rajasthan has declared that softy ice cream mix will now attract a higher GST rate of 18%. Why? Because it's mainly made of sugar, not milk! 🤯

🛍️💸 GST Shake-Up: Good News for Your Wallet? 🤔 The Goods and Services Tax (GST) could be in for a major overhaul, and it might just mean more money in your pocket! 🤑

𝗖𝗘𝗦𝗧𝗔𝗧 𝗞𝗼𝗹𝗸𝗮𝘁𝗮 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗠𝗮𝗶𝗻𝘁𝗲𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗥𝗲𝗽𝗮𝗶𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗳𝗼𝗿 𝗡𝗲𝗽𝗮𝗹𝗶 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 📢 The Tribunal held: "Services provided to Nepal cannot be treated as export if proceeds are not received in Convertible Foreign Exchange. The benefit of cum-tax should be granted as the service tax was not separately collected, and penalties are set aside."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗦𝘂𝗽𝗽𝗹𝘆 𝗼𝗳 𝗗𝗶𝗲𝘀𝗲𝗹 📢 The Tribunal held: "Even if diesel is supplied free of cost by the service recipient, no service tax can be levied, as diesel is not considered an input for providing the service."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝘂𝘅𝗶𝗹𝗶𝗮𝗿𝘆 𝗦𝗲𝗿𝘃𝗶𝗰𝗲, 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗜𝗻𝘀𝗽𝗲𝗰𝘁𝗶𝗼𝗻, 𝗮𝗻𝗱 𝗚𝗧𝗔 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal held: "Even if the appellant paid tax on GTA services, they would be eligible for CENVAT credit. The situation being revenue-neutral, the extended period cannot be invoked."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗼𝗻 𝗣𝗵𝗼𝘁𝗼𝗰𝗼𝗽𝗶𝗲𝘀 𝗮𝗻𝗱 𝗔𝗯𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗨𝗻𝗱𝗲𝗿 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟭/𝟮𝟬𝟬𝟲-𝗦𝗧 📢 The Tribunal held: "Photocopies of invoices are not valid documents for claiming CENVAT credit under Rule 9 of the CCR, and abatement cannot be availed if CENVAT credit on input services is taken."

📰 𝗣𝘂𝗻𝗷𝗮𝗯 𝗮𝗻𝗱 𝗛𝗮𝗿𝘆𝗮𝗻𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: Pesticide Manufacturer Wins Rs. 2.54 Crore Refund After Illegal Collection During Search

📰 𝗖𝗮𝗹𝗰𝘂𝘁𝘁𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: GSTR-1 Amendment Allowed, Submission to be Done Manually

📰 𝗣𝗮𝘁𝗻𝗮 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: Parallel GST Probes by CGST & SGST Authorities Valid but Only One Assessment Allowed