@abhishekrajaram's Latest X Threads

📢 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟱/𝟮𝟬𝟮𝟰 - 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 (𝗥𝗮𝘁𝗲) The Ministry of Finance has issued Notification No. 05/2024, introducing key changes to the Integrated Goods and Services Tax (IGST) rate schedules, effective from 10th October 2024.

🚨No fraud, no Section 74! ✅ Show Cause Notice Quashed! 🚨 In HCL Infotech Ltd. [2024] 76 TAXLOK COM 123 (Allahabad), the Allahabad High Court struck down a show cause notice issued under Section 74 of the CGST Act.

Mismatch Between GSTR-3B and GSTR-1: In Ram Enterprises, Petchimuthu Nainar [2024] 76 TAXLOK COM 173 (Madras), the petitioner challenged the tax liability imposed due to a mismatch between GSTR-3B and GSTR-1.

𝗚𝗦𝗧 𝗼𝗻 𝗥𝗲𝘀𝗵𝗮𝗽𝗶𝗻𝗴 𝗝𝗲𝘄𝗲𝗹𝗿𝘆: In Kundan Kumar Prasad [2024] 76 TAXLOK.COM 179 (AAR-WB), the applicant sought clarity on applying GST under the margin scheme when reshaping old jewelry.

📢 Important Update 📢 The CBDT has extended the due date for filing the audit report in Form 10B/10BB for AY 2023-24 to November 10, 2024 📅.

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗦𝗼𝗳𝘁𝘄𝗮𝗿𝗲 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal ruled:

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗢𝗙 𝗜𝗡𝗗𝗜𝗔 𝗪𝗮𝗶𝘃𝗲𝘀 𝗟𝗮𝘁𝗲 𝗙𝗲𝗲𝘀 𝗳𝗼𝗿 𝗧𝗗𝗦 𝗥𝗲𝘁𝘂𝗿𝗻𝘀 📢 New Notification on Late Fee Relief:

𝗖𝗘𝗦𝗧𝗔𝗧 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗦𝘁𝗮𝘁𝘂𝘁𝗼𝗿𝘆 𝗥𝗲𝗰𝗼𝗿𝗱𝘀 📢 The Tribunal ruled:

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗢𝗙 𝗜𝗡𝗗𝗜𝗔 𝗔𝗺𝗲𝗻𝗱𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀 📢 New Tax Regulation Introduced:

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗢𝗙 𝗜𝗡𝗗𝗜𝗔 𝗥𝗲𝗺𝗼𝘃𝗲𝘀 𝗚𝗦𝗧 𝗘𝘅𝗲𝗺𝗽𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿𝘀 📢 New Notification on GST Applicability: