@abhishekrajaram's Latest Twitter Threads

⚡️ Mobile Phone 📱 Charger sold along with mobile phone is to be treated as composite part of package 💼 attracts same rate of tax i.e. Karnataka VAT 5% as Mobile Phone: Supreme Court 🤝💰 State of Karnataka vs Micromax Informatics Ltd (08-Dec-2023)

No deemed dividend just because parent Co. holds substantial voting right in assessee & lender Co: Gujarat High Court in GSEC Ltd. vs Deputy Commissioner of Income-tax

𝗙𝗠𝗖𝗚 𝗳𝗶𝗿𝗺𝘀 𝗴𝗲𝘁 𝗳𝗹𝘂𝗿𝗿𝘆 𝗼𝗳 𝗚𝗦𝗧 𝘁𝗮𝘅 𝗻𝗼𝘁𝗶𝗰𝗲𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗘𝘅𝗽𝗿𝗲𝘀𝘀

𝗡𝗲𝘄 𝗿𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗕𝗲𝗻𝗮𝗺𝗶 𝗹𝗮𝘄 𝗺𝗮𝘆 𝘂𝗻𝗲𝗮𝗿𝘁𝗵 𝗼𝗹𝗱 𝗱𝗲𝗮𝗹𝘀 𝗿𝗲𝗽𝗼𝗿𝘁𝘀 𝗘𝗰𝗼𝗻𝗼𝗺𝗶𝗰 𝗧𝗶𝗺𝗲𝘀

No reassessment against cash deposits in savings account if AO failed to provide reasons for such reassessment: ITAT Raipur Saraswati Garewal vs Income Tax Officer, Ward 2(1) [25-Oct-2023]

GSTN issued advisory on filing of online declaration in Annexure V and Annexure VI for GTA Taxpayers

Appeal can't be rejected for not being filed electronically, Punjab & Haryana High Court directed dept. to restore appeal in Optum Global Solutions (India) Pvt. Ltd. vs State of Haryana (22-Nov-2023)

Haryana records 22% rise in GST collection Chief Minister Manohar Lal Khattar, who oversees the Finance Department, lauded the significant rise in goods and services tax (GST) collection by the Haryana Excise and Taxation Department.

Gujarat High Court rejects application seeking pre-arrest bail since accused caused huge loss to government exchequer in case of Hitendra Chandrakant Shah vs. State of Gujarat.

The Central Government constitutes the Principal Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) at New Delhi. In this regard, notification has been issued.