@abhishekrajaram's Latest Twitter Threads

Proprietors rejoice in claiming car depreciation to reduce their profits. 🚗💰 But why do salaried workers miss out on this perk? 🤔 Shouldn't they be able to claim depreciation too when they invest in a daily commute ride? 🚀 #CuriousMinds #incometax #tax

Q. Is the e-commerce operator required to submit any statement? What are the details that are required to be submitted in the statement? A. Yes, every operator is required to furnish a statement, electronically, containing the details of outward supplies of goods or services

If statute can give credit... can also bar", argues ASG N. Venkataraman in Safari Retreats before SC

Retrospective cancellation of a GST registration without prior notice is invalid. Delhi High Court in Virender Kumar Jain vs Delhi GST Officer [W.P.(C) 9919/2023 & CM APPL. 38188/2023 16-Aug-2023]

The AO cannot make additions merely based on Form 26AS, must verify the total contract amount and relevant bills before making any additions.

Writ not maintainable where statutory alternative remedy under Rule 159(5) for the release of the attached assets is available. Kerala High Court in S.R. Traders vs ADDITIONAL DIRECTOR GENERAL, DIRECTORATE GENERAL OF GST INTELLIGENCE, KOCHI (09-Jun-2023)

The Golden Rule of Interpretation of Statutes i.e. Generalia Specialibus Non Derogant, Where a Statute contains both a general provision as well as specific provision, the latter i.e. specific must prevail over general.

Big Breaking News: India could face higher inflation in coming months, warns finance ministry. Reports India Today India's retail #inflation, which surged to a 15-month high of 7.4 percent in July, could remain elevated in the coming months.

[img:mfW9oFzwN] Regionwise UDIN's generated in the Year-2022. I expected that Northern Region must be 2nd but it's on 4th position out of 5. Are these numbers as per your expectations or you expected something else? Source: Page 31 of UDIN Report 2022-23 #UDIN #ICAI

The Authority for Advance Ruling (AAR) in Rajasthan has ruled that Input Tax Credit (ITC) is eligible on GST paid for inward supply for fixing plant and machinery to earth by foundational or structural support towards making the outward supply of goods.