@abhishekrajaram's Latest X Threads

𝗖𝗘𝗦𝗧𝗔𝗧 𝗕𝗮𝗻𝗴𝗮𝗹𝗼𝗿𝗲 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗲𝗻𝘃𝗮𝘁 𝗖𝗿𝗲𝗱𝗶𝘁 𝗼𝗳 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 The Tribunal stated: "Insurance services provided to the appellant must be considered as 'input service' under Cenvat Credit Rules, 2004."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝗘𝗿𝗲𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗜𝗻𝘀𝘁𝗮𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝘁𝗼 𝗧𝗿𝗮𝗻𝘀𝗺𝗶𝘀𝘀𝗶𝗼𝗻 𝗼𝗳 𝗘𝗹𝗲𝗰𝘁𝗿𝗶𝗰𝗶𝘁𝘆 📢 The Tribunal ruled: "Service of Erection, Commissioning, and Installation in relation to transmission of electricity is not leviable to service tax."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 𝗮𝗻𝗱 𝗔𝗱𝘃𝗮𝗻𝗰𝗲 𝗙𝗼𝗿𝗳𝗲𝗶𝘁𝘂𝗿𝗲 📢 The Tribunal ruled: "Service tax demand on incentives based solely on sales and not for promoting a service is unsustainable, and no tax is liable on advance amounts forfeited."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗘𝗡𝗩𝗔𝗧 𝗖𝗿𝗲𝗱𝗶𝘁 𝗮𝗻𝗱 𝗘𝘅𝗲𝗺𝗽𝘁𝗲𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal ruled: "Services on which no service tax is leviable under the Act are included as exempted services, and reversal of credit is required under Rule 6(3)(1) of the CENVAT Credit Rules."

🏞️⛏️ GST on Mining Lease Payments: Rajasthan AAR Ruling! ⛏️🏞️ M/s DECCAN CEMENTS LIMITED (ADVANCE RULING NO. RAJ/AAR/2024-25/08; dated 26-Jun-2024) In a recent ruling, the Rajasthan Advance Ruling Authority (AAR) clarified the GST implications on Mining Lease Payments made to the Government of Rajasthan. Here's the key takeaways:

📢 𝗚𝗢𝗜: 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗚𝗦𝗧 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗨𝘁𝗶𝗹𝗶𝘁𝘆, 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻𝗮𝗹, 𝗮𝗻𝗱 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟴/𝟮𝟬𝟮𝟰 - Central Tax (Rate) Various public utility, educational, and research services are now exempt from GST, with several key services under the National Skill

📢 𝗚𝗢𝗜: 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗧𝗮𝘅 𝗥𝗮𝘁𝗲 𝗳𝗼𝗿 𝗛𝗲𝗹𝗶𝗰𝗼𝗽𝘁𝗲𝗿 𝗣𝗮𝘀𝘀𝗲𝗻𝗴𝗲𝗿 𝗧𝗿𝗮𝗻𝘀𝗽𝗼𝗿𝘁 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟳/𝟮𝟬𝟮𝟰 - Central Tax (Rate) Transportation of passengers by air in helicopters on a seat-share basis will now attract a reduced tax rate of 2.5%, provided that input tax credit (ITC) on goods used for the service is not claimed.

📢 𝗚𝗢𝗜: 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝘀 𝗥𝗲𝘃𝗲𝗿𝘀𝗲 𝗖𝗵𝗮𝗿𝗴𝗲 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘀𝗺 𝗳𝗼𝗿 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 Unregistered Persons vs. Registered Buyers (GST)

🚨 Massive GST Fraud Uncovered in Jagtial! 🚨 A GST practitioner in Jagtial created 32 shell companies to fraudulently claim ₹288 crore in input tax credits.

🚫📜 𝗔𝗹𝗹𝗮𝗵𝗮𝗯𝗮𝗱 𝗛𝗖 𝗤𝘂𝗮𝘀𝗵𝗲𝘀 𝗚𝗦𝗧 𝗥𝗲𝗴𝗶𝘀𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗖𝗮𝗻𝗰𝗲𝗹𝗹𝗮𝘁𝗶𝗼𝗻 𝗗𝘂𝗲 𝘁𝗼 𝗟𝗮𝗰𝗸 𝗼𝗳 𝗥𝗲𝗮𝘀𝗼𝗻𝗶𝗻𝗴! 📜🚫 #GST #RegistrationCancellation