@abhishekrajaram's Latest X Threads

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗮𝗻𝗱𝗶𝗴𝗮𝗿𝗵 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗘𝗹𝗶𝗴𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗱𝗲𝘀𝗽𝗶𝘁𝗲 𝗗𝗼𝗰𝘂𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻 𝗜𝗿𝗿𝗲𝗴𝘂𝗹𝗮𝗿𝗶𝘁𝗶𝗲 📢 The Tribunal held: "Substantive benefit of CENVAT credit cannot be denied due to improper documentation, and no mala fide intention can be attributed to the appellant."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗢𝗰𝗲𝗮𝗻 𝗙𝗿𝗲𝗶𝗴𝗵𝘁 𝗧𝗮𝘅𝗮𝗯𝗶𝗹𝗶𝘁𝘆 📢 The Tribunal held: "Ocean freight for goods imported under CIF contracts is not taxable under service tax."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗟𝗶𝗺𝗶𝘁𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗥𝗲𝗳𝘂𝗻𝗱 𝗖𝗹𝗮𝗶𝗺𝘀 📢 The Tribunal held: "The relevant date for refund, in case of any judgment or order, is the date of such order, not the date of tax payment. Thus, the refund claim is not time-barred."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗡𝗲𝘂𝘁𝗿𝗮𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝗲𝗻𝘃𝗮𝘁 𝗖𝗿𝗲𝗱𝗶𝘁 📢 The Tribunal held: "Whatever tax was payable, the assessee can take Cenvat credit. Since it is a case of revenue neutrality, demand for tax, interest, and penalty is not imposable."

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗣𝗹𝗮𝗰𝗲 𝗼𝗳 𝗦𝘂𝗽𝗽𝗹𝘆 𝗳𝗼𝗿 𝗗𝗮𝘁𝗮 𝗛𝗼𝘀𝘁𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟮/𝟮𝟲/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued clarifications on the place of supply for data hosting services provided by Indian service providers to cloud computing companies located outside India.

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗣𝗹𝗮𝗰𝗲 𝗼𝗳 𝗦𝘂𝗽𝗽𝗹𝘆 𝗳𝗼𝗿 𝗔𝗱𝘃𝗲𝗿𝘁𝗶𝘀𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗣𝗿𝗼𝘃𝗶𝗱𝗲𝗱 𝘁𝗼 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗖𝗹𝗶𝗲𝗻𝘁𝘀 - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟬/𝟮𝟰/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued clarifications regarding the place of supply for advertising services provided by Indian advertising companies/agencies to foreign clients.

𝗥𝗘𝗩𝗘𝗡𝗨𝗘 𝗡𝗘𝗨𝗧𝗥𝗔𝗟 Many times, GST Department issues Notices/Demand Order to us as to claim refund from one head and pay tax in another head. In my view, such transactions are Revenue-Neutral. GST is One Nation and One Tax, and Department should not force us. [img:Q095LGATI]

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗪𝗮𝗶𝘃𝗲𝗿 𝗼𝗳 𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗼𝗿 𝗣𝗲𝗻𝗮𝗹𝘁𝘆 𝘂𝗻𝗱𝗲𝗿 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟮𝟴𝗔 𝗼𝗳 𝗖𝗚𝗦𝗧 𝗔𝗰𝘁 - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟴/𝟯𝟮/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued clarifications regarding Section 128A of the CGST Act, 2017, introduced to provide a waiver of interest or penalty or both for demands under Section 73, pertaining to Financial Years 2017-18, 2018-19, and 2019-20.

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗥𝗲𝘁𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗜𝗻𝘀𝗲𝗿𝘁𝗶𝗼𝗻 𝗼𝗳 𝗦𝘂𝗯-𝗦𝗲𝗰𝘁𝗶𝗼𝗻𝘀 𝟱 & 𝟲 𝗶𝗻 𝗦𝗲𝗰𝘁𝗶𝗼𝗻 𝟭𝟲 𝗼𝗳 𝗖𝗚𝗦𝗧 𝗔𝗰𝘁 - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟳/𝟯𝟭/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued crucial clarifications regarding the retrospective insertion of sub-sections (5) and (6) in Section 16 of the CGST Act, 2017, as per the Finance (No. 2) Act, 2024. These provisions provide a retrospective extension of the time limit for availing Input Tax Credit (ITC) in specific cases.

🚨 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 – 𝗛𝗮𝗿𝗱-𝗟𝗼𝗰𝗸𝗶𝗻𝗴 𝗼𝗳 𝗔𝘂𝘁𝗼-𝗣𝗼𝗽𝘂𝗹𝗮𝘁𝗲𝗱 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗶𝗻 𝗚𝗦𝗧𝗥-𝟯𝗕 🚨 𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝟭𝟳𝘁𝗵, 𝟮𝟬𝟮𝟰 1️⃣ To assist taxpayers and minimize human errors, the GST Portal now offers a pre-filled GSTR-3B, where tax liabilities are auto-populated from GSTR-1/GSTR-1A/IFF and Input Tax Credit (ITC) from GSTR-2B. A detailed system-generated PDF is available for taxpayers' reference.