@abhishekrajaram's Latest X Threads

𝗚𝗢𝗜 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝗜𝗚𝗦𝗧 𝗧𝗮𝘅 𝗥𝗮𝘁𝗲 𝗔𝗺𝗲𝗻𝗱𝗺𝗲𝗻𝘁𝘀

🛵 Madras HC Quashes Show Cause Notice on Misclassification of Two-Wheeler Seats! 🛵

🚫 GST Registration Cancellation Upheld Due to Delay in Filing Appeal! 🚫

🔓 Bail Granted in ₹54 Crore Fake ITC Case Due to Lack of Evidence! 🔓

Summary of GST Amendments (Effective from 10th October 2024) 1. GST Rate Changes for Goods 5% GST Rate: Applicable to Trastuzumab Deruxtecan, Osimertinib, and Durvalumab.

⚖️ Refund Rejection Overruled Due to Officer’s Insubordination! ⚖️ In Proxima Steel Forge (P) Ltd. vs. Union of India & Ors., the Punjab & Haryana High Court dealt with a crucial refund case under Section 54 of the GSTLaws.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗥𝗼𝘆𝗮𝗹𝘁𝘆 𝗮𝗻𝗱 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 📢 The Tribunal ruled: "Royalty and Forest Development Tax (FDT) paid by buyers of iron ore are not subject to Service Tax."

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗧𝗗𝗦 📢 The Tribunal ruled: "TDS deposited, which is over and above the invoice value, cannot be charged to service tax as it is not part of the invoice value."

📢 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟳/𝟮𝟬𝟮𝟰 - 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 (𝗥𝗮𝘁𝗲) The Ministry of Finance has issued Notification No. 07/2024, introducing key changes to air passenger transportation under the Integrated Goods and Services Tax Act. This notification is effective from 10th October 2024.

📢 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟲/𝟮𝟬𝟮𝟰 - 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 (𝗥𝗮𝘁𝗲) The Ministry of Finance has issued Notification No. 06/2024, introducing a significant update related to metal scrap transactions under GST. This notification comes into effect from 10th October 2024.