@abhishekrajaram's Latest X Threads

📰 𝗦𝘂𝗽𝗿𝗲𝗺𝗲 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗘𝗿𝗿𝗼𝗻𝗲𝗼𝘂𝘀 𝗢𝗿𝗱𝗲𝗿 𝗼𝗳 𝗔𝘀𝘀𝗲𝘀𝘀𝗶𝗻𝗴 𝗢𝗳𝗳𝗶𝗰𝗲𝗿 𝗖𝗮𝘂𝘀𝗶𝗻𝗴 𝗣𝗿𝗲𝗷𝘂𝗱𝗶𝗰𝗲 𝗧𝗼 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗥𝗲𝘃𝗶𝘀𝗮𝗯𝗹𝗲 𝗕𝘆 𝗖𝗜𝗧

📰 𝗝𝗵𝗮𝗿𝗸𝗵𝗮𝗻𝗱 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗔𝗺𝗻𝗲𝘀𝘁𝘆 𝗦𝗰𝗵𝗲𝗺𝗲 𝗔𝗹𝗹𝗼𝘄𝘀 𝗥𝗲𝘃𝗼𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗲𝗱 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻

📰 Supreme Court Ruling: Erroneous Order by Assessing Officer Prejudicial to Revenue Can Be Revised by CIT Under Section 263

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗼𝘀𝘁 𝗣𝗲𝘁𝗿𝗼𝗹𝗲𝘂𝗺 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗝𝗼𝗶𝗻𝘁 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 📢 The Tribunal held: "There is no service provider and service recipient relationship in joint ventures, and amounts like profit petroleum, cost petroleum, or cash calls are not consideration for services."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗔𝗯𝗮𝘁𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗧𝗮𝘅 𝗖𝗼𝗹𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗯𝘆 𝗧𝗼𝘂𝗿 𝗢𝗽𝗲𝗿𝗮𝘁𝗼𝗿 📢 The Tribunal held: "Taxes collected by the appellant from customers were remitted to the hotel, and thus, no service tax is payable by the appellant."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗼𝘆𝗮𝗹𝘁𝘆 𝗳𝗼𝗿 𝗢𝗶𝗹 𝗙𝗶𝗲𝗹𝗱 𝗨𝘀𝗲 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 The Tribunal held: "Royalty paid for the right to use oil fields does not constitute 'consideration' under service tax law, and hence the demand for service tax is unsustainable."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗡𝗼𝗻-𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal held: "Once no service was rendered in the USA that is taxable under the Finance Act, all charges, including demand, interest, or penalties, must fail."

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗚𝗦𝗧 𝗗𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 𝗖𝗮𝗻𝗻𝗼𝘁 𝗥𝗲𝗷𝗲𝗰𝘁 𝗥𝗲𝗳𝘂𝗻𝗱 𝗼𝗻 𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗚𝗿𝗼𝘂𝗻𝗱𝘀 𝗼𝗳 𝗣𝗲𝗿𝗶𝗼𝗱 𝗠𝗶𝘀𝗺𝗮𝘁𝗰𝗵 📢 The court held, "Refund claims cannot be denied solely due to technical mismatches between the tax periods of returns and refund applications. Upon submission of required information, the claims must be processed."

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗢𝗙 𝗜𝗡𝗗𝗜𝗔 𝗔𝗺𝗲𝗻𝗱𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗠𝗶𝗹𝗹𝗲𝘁 𝗙𝗹𝗼𝘂𝗿 𝗣𝗿𝗲𝗽𝗮𝗿𝗮𝘁𝗶𝗼𝗻𝘀 📢 𝗡𝗲𝘄 𝗧𝗮𝘅 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝗱: "Food preparations made from millet flour, containing at least 70% millets by weight in powder form, and not pre-packaged or labeled, are now subject to amended GST provisions, effective October 20, 2023."

📰 𝗗𝗲𝗹𝗵𝗶 𝗛𝗶𝗴𝗵 𝗖𝗼𝘂𝗿𝘁 𝗥𝘂𝗹𝗶𝗻𝗴: 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝗮𝗹 𝗔𝘁𝘁𝗮𝗰𝗵𝗺𝗲𝗻𝘁 𝗼𝗳 𝗕𝗮𝗻𝗸 𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝘀 𝗜𝗻𝘃𝗮𝗹𝗶𝗱 𝗨𝗻𝗱𝗲𝗿 𝗚𝗦𝗧 𝗟𝗮𝘄 𝗳𝗼𝗿 𝗡𝗼𝗻-𝗧𝗮𝘅𝗮𝗯𝗹𝗲 𝗣𝗲𝗿𝘀𝗼𝗻𝘀 📢The Division Bench noted, "The power to provisionally attach under Section 83 of the CGST Act is restricted to taxable persons or those covered under Section 122(1A). Since the petitioners do not fall under these categories, the attachment cannot be justified."