Sourabh Baser @sourabh892

Chartered Accountant, GST Enthusiast Udaipur, India Joined November 2009

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Sourabh Baser @sourabh892

2 weeks ago

GST Penalty Appeals – It’s Pay-to-Play Now! 🎯 Till 30th September 2025, those slapped with penalty-only orders (no tax demand involved!) could appeal without breaking the bank – zero pre-deposit required. But from 1st October 2025, the party’s over: 1. Appellate Authority: Be…

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Sourabh Baser @sourabh892

a month ago

GST 2.0: The Selective Tax Makeover 🎭 Paratha → 0% (Carbs on the house!) Chocolates → 5% (Sweet, but not free) Medicines → 0–5% (Health discount, finally) Insurance → 0% (Your health cover no longer under tax cover) Cola → 40% (Extra fizz, extra tax) Fashion > ₹2,500 →…

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Sourabh Baser @sourabh892

3 months ago

Kerala High Court Quashes GST Confiscation Due to Improper Notice served on WhatsApp In a recent judgment (Mathai M.V. v. SGST Dept - WA 973/2025), the Hon’ble Kerala High Court set aside the confiscation of a truck under Section 130 of the CGST Act, citing violation of natural…

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Sourabh Baser @sourabh892

3 months ago

In a recent ruling by the Hon’ble HP High Court (Shyama Power India Ltd. v. State of HP, CWP No. 6990/2025), an order under Section 74 confirming interest and penalty was quashed based on ITC reversal made “under protest”. Key points from the Court's decision: - Payment made…

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Sourabh Baser @sourabh892

4 months ago

Starting July 2025 tax period, the auto-populated liability in GSTR-3B, sourced from GSTR-1/IFF, will no longer be editable. To make any amendments to outward supplies, taxpayers will need to utilize GSTR-1A before submitting GSTR-3B. To avoid discrepancies, ensure your GST…

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Sourabh Baser @sourabh892

4 months ago

Starting July 2025, the GST portal will enforce a new rule restricting the filing of returns beyond 3 years past their due dates. This change, mandated by the Finance Act of 2023 effective from 01-Oct-2023, is detailed in Notification No. 28/2023 – Central Tax. Affected returns…

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Sourabh Baser @sourabh892

5 months ago

First, you took on Modi’s ego head-on with ‘Go tell Modi.’ Second, that guy loves traveling abroad, and you ruined his trip. You were bound to get screwed. Sometimes he cuts off your water. When you go out with a pot to fetch some, he brings floods. When you hide in the…

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Sourabh Baser @sourabh892

5 months ago

#GSTUpdate #GSTR1 #GSTCompliance #BusinessCompliance #TaxUpdates #GSTFiling

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Sourabh Baser @sourabh892

5 months ago

India Gets Closer to GST Tribunal Functioning: GSTAT Procedure Rules Notified In a significant step towards operationalizing the Goods and Services Tax Appellate Tribunal (GSTAT), the Ministry of Finance has notified the GSTAT (Procedure) Rules, 2025, framed under Section 111 of…

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Sourabh Baser @sourabh892

6 months ago

SC Directions on High-Value Cash Transactions (₹2 Lakh or More): To strengthen enforcement of Section 269ST of the Income Tax Act, the Supreme Court has issued the following directions: (A) General scope: Courts must inform the Income Tax Department whenever a suit involves a…

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Sourabh Baser @sourabh892

6 months ago

Uttarakhand HC slams GST Dept for blocking Electronic Credit Ledger before issuing pre-intimation notice—calls conduct “startling and shocking.” Terms action “deplorable” and urges authorities to uphold the Act’s spirit to serve the business community. #GST #TaxJustice

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Sourabh Baser @sourabh892

6 months ago

🚨 Bombay HC stays ₹2,500 Cr GST demand on Hindustan Coca-Cola Beverages Ad-interim relief granted in challenge to demand alleging undervaluation through retrospective discounts to distributors. Petitioner contended that Revenue misapplied Sec 15(3)(a) of CGST Act and…

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Sourabh Baser @sourabh892

6 months ago

DGGI targets tax evasion: 357 offshore gaming sites blocked, ₹126 cr assets (2K bank a/cs) attached, 3 arrested. 700 entities probed w/ MeitY, I4C, NPCI aid. #DGGI #GST

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Sourabh Baser @sourabh892

7 months ago

Big changes for partnership firms & LLPs starting April 1, 2025! 🚨 1️⃣ Higher Partner Remuneration Limits: Up to ₹3,00,000 or 90% of book profit (first ₹6L). 60% on remaining book profit. 2️⃣ New TDS Rules (Sec 194T): 10% TDS on payments (salary, interest, etc.) exceeding…

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Sourabh Baser @sourabh892

7 months ago

🌐 Embracing Digital Transformation: Rajasthan Introduces Virtual Hearings for Taxation Matters 🌐 The Rajasthan Commercial Taxes Department is taking steps to enhance taxpayer convenience and embrace digitalization. According to the latest order issued by Commercial Tax…

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Sourabh Baser @sourabh892

7 months ago

GST collections for Feb 2025 hit Rs. 1,83,646 crore, up 9.1% YoY. Domestic revenues surged 10.2% to Rs. 1,41,945 crore, while imports contributed Rs. 41,702 crore. Breakdown: CGST Rs. 35,204 cr, SGST Rs. 43,704 cr, IGST Rs. 90,870 cr, and Cess Rs. 13,868 cr. Refunds rose 17.3% to…

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Sourabh Baser @sourabh892

7 months ago

Supreme Court Clarifies Arrest Powers Under Customs and GST Acts In a significant judgment, the Supreme Court of India, led by Chief Justice Sanjiv Khanna, upheld the constitutional validity of Sections 69 and 70 of the GST Acts while emphasizing safeguards to protect personal…

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Sourabh Baser @sourabh892

7 months ago

🚨 Major Policy Shift in India’s Mining Sector! 🚨 The Ministry of Mines has officially reclassified Barytes, Feldspar, Mica, and Quartz as major minerals through a gazette notification on 20th February 2025. This move aligns with the recently approved National Critical Mineral…