@abhishekrajaram's Latest Twitter Threads

GST revenues soar amid unclear laws reports Deccan Herald Assessments for the financial year 2017-18 are in the process of being completed. Taxpayers are bracing themselves for the next set of notices for financial years 2018-19 onwards.

Nov retail inflation rises to 5.6% on high food prices! Pulses prices up 20.23%, vegetables get costlier by 17.7%, fruit prices rise about 11%

Tax on expat salaries: Japan firm's India unit gets interim relief on GST Case related to #GST #notices on salaries paid to expats by subsidiaries of MNCs, a High Court has provided interim relief to a firm and restrained the authorities from taking coercive measures.

Immunity boosters to be taxed at 18% as the description of product does not indicate any cure: Telangana AAR in re VINJA BIOTECHNOLOGIES PVT. LTD. (17-Nov-2023) Sad Decision

No GST dues pending, some states have not submitted AG report, says Nirmala Sitharaman The Centre said no GST dues of any state are pending before it and that some state governments have not submitted the AG’s authenticated certificate for release of their share of funds.

LIC gets demand order for GST collection worth Rs 183 cr from Telangana Life Insurance Corporation of India (LIC) received a demand order for goods and services tax (GST) collection worth Rs 183 crore, along with interest and penalty, from Telangana.

New GST draft text gives four options for move towards clean energy A new draft of the Global Stock take released here at the COP28 has four options for the move towards clean energy ranging from phase out of fossil fuels to no mention of the phase out at all.

State GST department detects tax evasion in excess of Rs.100 crore The State Goods and Services Tax (GST) department has detected tax evasion in excess of Rs.100 crore at a Thrissur based firm.

🚨 Breaking News! 🚨 🔴 Big win for businesses! The Allahabad High Court has ruled that NO penalty can be levied for transporting goods without an e-way bill during the period when the e-way bill wasn't applicable. 💪💼 Godrej Consumer Products Ltd vs State of UP (16-Nov-2023)

📰 News: CBIC looking to expand e-invoicing on B2C Supply. ❓Q. But why they want e-Invoice for B2C Supplies' because all Tax would be deposited. What do they want to track?