@abhishekrajaram's Latest X Threads

𝗖𝗘𝗦𝗧𝗔𝗧 𝗖𝗵𝗲𝗻𝗻𝗮𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝗢𝗳𝗳𝘀𝗵𝗼𝗿𝗲 𝗗𝗿𝗶𝗹𝗹𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 📢 The Tribunal stated:

𝗚𝗢𝗩𝗘𝗥𝗡𝗠𝗘𝗡𝗧 𝗢𝗙 𝗜𝗡𝗗𝗜𝗔 𝗔𝗺𝗲𝗻𝗱𝘀 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗳𝗼𝗿 𝗠𝗲𝘁𝗮𝗹 𝗦𝗰𝗿𝗮𝗽 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝗿𝘀 📢 𝗡𝗲𝘄 𝗧𝗮𝘅 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗲𝗱: Metal scrap suppliers under Chapters 72 to 81 of the Customs Tariff Act, 1975, will no longer benefit from the GST exemption starting October 10, 2024.

📢 𝗚𝗦𝗧 𝗨𝗽𝗱𝗮𝘁𝗲: 𝗡𝗼𝘁𝗶𝗳𝗶𝗰𝗮𝘁𝗶𝗼𝗻 𝗡𝗼. 𝟬𝟵/𝟮𝟬𝟮𝟰 - 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗧𝗮𝘅 (𝗥𝗮𝘁𝗲) The Ministry of Finance has announced a significant change through Notification No. 09/2024, which impacts the GST treatment of property rentals. Effective from 10th October 2024, the notification mandates that services related to renting any property other than residential dwellings will now be subject to GST.

𝗜𝗹𝗹𝗲𝗴𝗮𝗹 𝗦𝗲𝗶𝘇𝘂𝗿𝗲 𝗼𝗳 𝗖𝗮𝘀𝗵: In the case of Goyal Metal Udyog [2024] 129 GSTR 127 (Delhi), the petitioner contested the seizure of cash by the authorities, arguing that there was no legal basis under Section 67(2) of the CGST Act to seize cash on suspicion of it being unaccounted. The Delhi High Court agreed, citing a recent ruling in Deepak Khandelwal Proprietor, and ordered the release of the seized cash. 🏛️💼

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗖𝗹𝗲𝗮𝗻𝗶𝗻𝗴 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗱 𝘁𝗼 𝗥𝗮𝗶𝗹𝘄𝗮𝘆𝘀

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗙𝗿𝗲𝗲 𝗦𝘂𝗽𝗽𝗹𝗶𝗲𝘀 📢 The Tribunal ruled:

𝗖𝗘𝗦𝗧𝗔𝗧 𝗛𝘆𝗱𝗲𝗿𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗮𝗻𝗱 𝗙𝗿𝗲𝗲 𝗦𝘂𝗽𝗽𝗹𝘆 𝗼𝗳 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹𝘀 📢 The Tribunal ruled:

𝗖𝗘𝗦𝗧𝗔𝗧 𝗡𝗲𝘄 𝗗𝗲𝗹𝗵𝗶 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗼𝗻 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗗𝗲𝗹𝗮𝘆𝗲𝗱 𝗣𝗮𝘆𝗺𝗲𝗻𝘁 𝗖𝗵𝗮𝗿𝗴𝗲𝘀 📢 The Tribunal ruled:

𝗖𝗘𝗦𝗧𝗔𝗧 𝗔𝗵𝗺𝗲𝗱𝗮𝗯𝗮𝗱 𝗥𝘂𝗹𝗶𝗻𝗴 𝗼𝗻 𝗦𝗲𝗿𝘃𝗶𝗰𝗲 𝗧𝗮𝘅 𝗟𝗶𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗳𝗼𝗿 𝗦𝗼𝘃𝗲𝗿𝗲𝗶𝗴𝗻 𝗙𝘂𝗻𝗰𝘁𝗶𝗼𝗻𝘀 📢 The Tribunal observed:

Allahabad High Court quashed SCN issued u/s 74 as it didn’t mention that ITC was wrongly availed due to fraud or suppression of facts. HCL Infotech Ltd. vs Commissioner, Commercial Tax (2024) 23 CENTAX 71