@abhishekrajaram's Latest X Threads

📢 GST Drive Harassing Middle Class and Small Businesses - Punjab Congress Amrinder Singh Raja Warring, President of the Punjab Pradesh Congress Committee, has accused the CM Bhagwant Mann-led AAP government of betraying the people by enforcing what he describes as GST terrorism to fund political ambitions.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗨𝘀𝗲 𝗼𝗳 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝗦𝗵𝗲𝗲𝘁 𝗳𝗼𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 📢 The Tribunal held: "Income reflected in the Balance Sheet is for Income Tax purposes and cannot be used to determine Service Tax liability without corroboratory evidence."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗮𝗻𝗱𝗶𝗴𝗮𝗿𝗵 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗘𝘅𝗰𝗹𝘂𝘀𝗶𝗼𝗻 𝗼𝗳 𝗧𝗗𝗦 𝗳𝗿𝗼𝗺 𝗚𝗿𝗼𝘀𝘀 𝗩𝗮𝗹𝘂𝗲 𝗳𝗼𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗖𝗮𝗹𝗰𝘂𝗹𝗮𝘁𝗶𝗼𝗻 📢 The Tribunal ruled: "The amount of TDS paid is not includable in the gross value for the purpose of payment of service tax."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗠𝘂𝗺𝗯𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗗𝗲𝗺𝗮𝗻𝗱 𝗕𝗮𝘀𝗲𝗱 𝗼𝗻 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲 𝗶𝗻 𝗦𝗧-𝟯 𝗮𝗻𝗱 𝗜𝗧 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 📢 The Tribunal ruled: "The demand based solely on the difference between Service Tax-3 (ST-3) returns and Income Tax returns, without further examination, is unsustainable."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗮𝗻𝗱𝗶𝗴𝗮𝗿𝗵 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗟𝗮𝘁𝗲 𝗨𝘁𝗶𝗹𝗶𝘇𝗮𝘁𝗶𝗼𝗻 📢 The Tribunal ruled: "CENVAT credit cannot be denied solely because it was utilized late or not reflected in the ST-3 Returns."

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗧𝗵𝗲 𝗨𝘀𝗲 𝗼𝗳 “𝗔𝘀 𝗜𝘀, 𝗪𝗵𝗲𝗿𝗲 𝗜𝘀” 𝗕𝗮𝘀𝗶𝘀 𝗶𝗻 𝗚𝗦𝗧 - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟲/𝟯𝟬/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued important clarifications regarding the scope of the term "as is, where is basis" used in various GST circulars for regularization of past tax payments based on recommendations from the 54th GST Council meeting.

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗚𝗦𝗧 𝗥𝗮𝘁𝗲𝘀 𝗮𝗻𝗱 𝗖𝗹𝗮𝘀𝘀𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 (𝗚𝗼𝗼𝗱𝘀) - 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟱/𝟮𝟵/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued key clarifications regarding GST rates and classification of certain goods based on the recommendations of the 54th GST Council meeting.

𝗖𝗹𝗮𝗿𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗚𝗦𝗧 𝗮𝗽𝗽𝗹𝗶𝗰𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝘀 𝗽𝗲𝗿 𝗖𝗶𝗿𝗰𝘂𝗹𝗮𝗿 𝗡𝗼. 𝟮𝟯𝟰/𝟮𝟴/𝟮𝟬𝟮𝟰-𝗚𝗦𝗧 📢 The Ministry of Finance issued important clarifications based on the recommendations of the 54th GST Council meeting regarding the applicability of GST on certain services.

🚬💼 GST and Cess on Chewing Tobacco Pre-Mixed with Lime – Rajasthan AAR Ruling! 💼🚬 In a significant ruling, the Rajasthan Advance Ruling Authority (AAR) determined the GST rate and Compensation Cess applicable on "Chewing Tobacco pre-mixed with lime." Here's the key decision:

𝗜𝗚𝗦𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗖𝗹𝗮𝗶𝗺𝗲𝗱 𝗮𝘀 𝗖𝗚𝗦𝗧 + 𝗦𝗚𝗦𝗧 important Relief: Bookmark/Save this judgment 🛠️📋 𝗠𝗮𝗱𝗿𝗮𝘀 𝗛𝗖 𝗔𝗹𝗹𝗼𝘄𝘀 𝗥𝗲𝗰𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗳 𝗜𝗧𝗖 𝗘𝗿𝗿𝗼𝗿 𝗗𝘂𝗲 𝘁𝗼 𝗖𝗹𝗲𝗿𝗶𝗰𝗮𝗹 𝗠𝗶𝘀𝘁𝗮𝗸𝗲 – 𝗥𝗲𝗹𝗶𝗲𝗳 𝗳𝗼𝗿 𝗔𝘀𝘀𝗲𝘀𝘀𝗲𝗲! 📋🛠️