@abhishekrajaram's Latest X Threads

18% GST Will Be Levied on Pulses Processed by Agri Brokers: Andhra Pradesh AAR in re, Gayatri Enterprises

Bombay High Court granted relief to the petitioner, allowing rectification of GSTR-1 for the fiscal year 2017-2018 due to no loss in government revenue and mistake was bonafide. NRB Bearings Ltd. Versus The Commissioner of State Tax (14-Feb-2024)

Revenue Appeals Denied: Income from Share Sales Classified as Capital Gains, Not Business Income Title- Deputy Commissioner of Income Tax Versus Hero Investment Pvt. Ltd. Court-ITAT-Delhi Date-13/10/2023

Date Extension for Trusts/Institutions to Correct Audit Report Submissions for Tax Exemption by 31/03/2024. Circular No- 02/2024 Dated- 05/03/2024 Sub- Order under section 119 of the Income Tax Act, 1961- reg.

The Ludhiana police claimed to have busted a gang that had obtained GST refunds by creating a fake firm in the name of a city resident.

T#he Directorate General of GST Intelligence DGGI initiates action on ITC, Prataap Snacks, others for alleged tax evasion.

𝗗𝗲𝗹𝗵𝗶 𝗮𝗶𝗺𝘀 𝘁𝗼 𝗰𝗼𝗹𝗹𝗲𝗰𝘁 𝗮 𝘄𝗵𝗼𝗽𝗽𝗶𝗻𝗴 𝗥𝘀 𝟱𝟴,𝟳𝟱𝟬 𝗰𝗿𝗼𝗿𝗲 𝗶𝗻 𝘁𝗮𝘅𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝟮𝟬𝟮𝟰-𝟮𝟱 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘆𝗲𝗮𝗿, 𝘄𝗶𝘁𝗵 𝗚𝗦𝗧 𝗮𝗻𝗱 𝗩𝗔𝗧 - 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗠𝗶𝗻𝗶𝘀𝘁𝗲𝗿 𝗔𝘁𝗶𝘀𝗵.

Where show cause notice issued under section 73 in format without striking out irrelevant particulars, and further, summary of order was passed without any adjudication order and without giving opportunity of hearing, SCN, summary of SCN and summary of order were to be quashed.

Appeal against demand based on SIB survey rejected due to petitioner's absence & lack of SIB report. Violation of natural justice. Orders set aside. Allahabad High Court in ORIGIN B.R. DIGITALSIGNS PVT. LTD. vs State of Uttar Pradesh (16-Feb-2024)

GST mopup point to India's resilient economy in Q4 India's economy started the fourth quarter on a strong note, National Council of Applied Economic Research (NCAER) said in its monthly economic review. NCAER noted that high frequency indicator