@abhishekrajaram's Latest X Threads

📢 Big news in the world of online gaming! 🎮 The GST Council is set to hear pleas from gaming firms regarding past tax demands. 💼

GST Due Date for tomorrow i.e. 20-May-2024 GSTR-3B for the m/o Apr 2024 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr. GSTR-5A for the m/o Apr 2024 [Return by OIDAR Service Providers - Rule 64.]

📢 Big News on the Indian GST front! 🏛️Supreme Court asks Centre to not use threat and coercion in GST recovery operations. 🕊️🇮🇳

"ITC ON LIFTS" The contention of the GST Department is that Lifts are part of Building i.e. Immovable Property therefore, ITC on them is blocked U/s 17(5) of GST Laws. Lifts in my view in most of the cases can be best classified as "Plant & Machinery" and ITC should be allowed.

Draft Reply for the case where Department has detained goods in allegations of undervaluation. I have prepared reply for the same. Steps to download word file: 1. Follow me 2. Retweet or Reply to this tweet 3. Check DM 4. Follow Steps 5. Join GST Notice & Appeal Reply Group [img:X8QMmTB3T]

Why Department should prefer Sec. 16(2) over Sec. 16(4)? "Even if two interpretations were possible, the well known canon of construction is that the construction beneficial to the citizen should be adopted." ~ Bombay High Court in Empire Dyeing and Manufacturing Co. Ltd.

Income tax department rolls out new functionality in AIS The income tax department on Monday said it has rolled out a new functionality in the Annual Information Statement (AIS) through which taxpayers will be able to view the status of information confirmation process.

📢 Disposal paper cups to attract GST @18% - West Bengal AAR in re, Sekandar Sardar The Authority for Advance Rulings (AAR), West Bengal, has made a significant decision that impacts the disposable paper cups industry. 🥤

West Bengal Profession Tax Extend date of online filing of return for the F.Y. 2023-24 to 31-05-2024 and submission of paper copy has been extended to 15-06-2024

🚀 Navigating GST Registration for E-Commerce: Clarity Needed on Dark Stores 🚀