CA Ashwani Bhola

Practicing Chartered Accountant by profession

[CA Ashwani Bhola @CAabhola]

❓Can you claim GST ITC on employee benefits?

🎁 Gifts
🍽️ Team meals
🏋️ Gym membership
🚌 Employee transport

Find out what’s blocked and when ITC is available.

📖 Day 4/10 – GST ITC Series

#GST #ITC #TaxTips #CA #Business #GSTUpdate #CharteredAccountant

[CA Ashwani Bhola @CAabhola]

🚫 GST ITC on Food & Beverages

Business expense ≠ Eligible ITC.

Learn:
✅ Where ITC is blocked
✅ Practical examples
✅ Important exceptions under Section 17(5)(b)
📖 ITC Series | Day 3/10
#GST #ITC #GSTUpdates #Tax #India

[CA Ashwani Bhola @CAabhola]

🚗 Can you claim GST ITC on your car insurance, servicing or repair bills?

Usually No.

✅ Day 2/10 – GST ITC Series

Follow for simple insights.

#GST #ITC #CGST #GSTIndia #Tax #CharteredAccountant

[CA Ashwani Bhola @CAabhola]

🚗 Can you claim GST ITC on a business car?

Not Always.

U/s 17(5) of the CGST Act, ITC on motor vehicles is generally blocked, subject to certain exceptions.

Day 1/10 – GST ITC Series

Follow for simple GST insights.
#GST #ITC #CGST #GSTIndia #Tax #CharteredAccountant

[CA Ashwani Bhola @CAabhola]

@deep3115 [email protected]

[Annapurna Astro / Swati🚩 @IAnnapurna1]

All set for tomorrow ?

#GaneshChaturthi

[𝐊𝐫𝐢𝐬𝐡𝐧𝐚𝐩𝐫𝐞𝐞𝐭𝐢 @Krishnavallabhi]

रिश्तों में हर का जवाब देने की जरूरत नहीं है

[CA Ashwani Bhola @CAabhola]

@AbhasHalakhandi @Infosys_GSTN As per Sec 17(3), “value of exempt supply Us/s (2) shall be such as may be prescribed, and *shall include supplies on which the recipient is liable to pay tax on reverse charge basis*,,,,,”

I think it should be reported in 3.1c according to sec 17(3).

[CA Ashwani Bhola @CAabhola]

@abhishekrajaram Send

[Abhishek Raja "Ram" @abhishekrajaram]

𝗚𝗶𝘃𝗲 𝗔𝘄𝗮𝘆 𝗔𝗹𝗲𝗿𝘁!!

1 Recovery based on 26AS/ITR
2 Bank Attachment 3rd Person
3 ITC Burden of Proof
4 Issues with SCN
5 Opportunity of being Heard
6 Service of Notice
7 ITC on Inputs & Capital Goods

For 24 Hours only!

A Follow for DM
B Like & Retweet
C Reply "Send"

[All About Sikhism @AllAboutSikhism]

Guru Nanak Dev ji 🙏🏻
Guru Angad ji 🙏🏻
Guru Amar Das ji 🙏🏻
Guru Ram Das ji 🙏🏻
Guru Arjun Dev ji 🙏🏻
Guru Hargobind Sahib ji 🙏🏻
Guru HarRai ji 🙏🏻
Guru Harkrishan ji 🙏🏻
Guru Tegh Bahadur ji ��🏻
Guru Gobind Singh ji 🙏🏻

[MATT GRAY @matt_gray_]

Freedom is:

• Nature
• Saying no
• Road trips
• Great hires
• Deep sleep
• No meetings
• 4 hour work days
• Do not disturb mode
• Controlling your schedule
• Spontaneous adventures

Entrepreneurship is about freedom.

[Abhishek Raja "Ram" @abhishekrajaram]

Unless we increase our Manufacturing, Exports and Per Capita Income we are not true Economic Super Power..!!

[Abhishek Raja "Ram" @abhishekrajaram]

Steps to download file "Practically How to handle GST Show Cause Notice"

1. Follow me (else DM will not work)
2. Reply or Retweet the Tweet
3. Check your DM
4. Follow the Steps
5. Bonus: Join GST Notice Reply Group on WhastApp
6. Link valid for first 400 or 24 hours.

[Taxation Updates (CA Mayur J Sondagar) @TaxationUpdates]

Instruction No. 05/2023-GST dated 13/12/23

The decision of the Hon’ble
Supreme Court in the Northern Operating Systems Private Limited (NOS) judgment should not be applied mechanically in all the cases of secondment of employees

Investigation in each case requires a careful consideration of its distinct factual matrix, including the terms of contract between overseas company and Indian entity, to determine taxability or its extent under GST and applicability of the principles laid down by the Hon’ble Supreme Court’s judgment in NOS case.

Section 74(1) can be invoked only in cases where there is a fraud or wilful mis- statement or suppression of facts to evade tax on the part of the said taxpayer and for issuance of show cause notice, such supporting evidence should also be made a part of the show cause notice.

Section 74(1) cannot be invoked merely on account of non-payment of GST, without specific element of fraud or wilful mis-statement or suppression of facts to evade tax.

[Abhishek Raja "Ram" @abhishekrajaram]

Top-5 Questions Answered wrt Show Cause Notices

Please bookmark the Tweet for future use

Q1 Whether show cause notice can be raised on the basis of TDS / Form 26 AS of Income Tax Act ?

A1 No
Jain Housing & Construction Limited Vs The Commissioner of Service Tax (Tri. Chennai)

[CA Ashwani Bhola @CAabhola]

@dineshwadera @ClearfromCT @Speqtasoft Yes sir. We are using @speqtasoft and it is working fine. And customer care service is too quick.

[Dr Sudhir Kumar MD DM @hyderabaddoctor]

Simple to follow tips regarding physical activity and diet
You need not lose heart if you are unable to run a marathon or cycle for 100 km.
If you are unable to afford a gym for one hour every day, you need not give up strength training.
Physical activity to maintain fitness need not be time-consuming or expensive.
Healthy diet does not always mean expensive exotic foods.
In this post, I highlight some of the effective physical activity tips that require lesser time and are lighter on pockets too.

Physical activity
1. Brisk walking: Benefits start with 2500 steps per day, or 15 minutes of walking per day. So, if you are hard pressed for time, try to briskly walk for at least 15 minutes. In addition, try to walk whenever possible during the day (at work or at home).
2. Climb stairs: Climbing stairs (just 50 stair steps in a day) improves cardio respiratory fitness and is good for health. So, whenever possible, climb stairs and avoid using escalators or elevators.
3. Running: Running just 2 km on 1-2 days a week is associated with better heart and brain health. So, lace up your shoes and go for short runs whenever time permits.
4. Minimize sitting duration: Sitting for long duration is associated with multiple health hazards. Try to break your sitting every 30-45 minutes (and stand or go for short walks of 1-2 min).
5. Strength training: Can be done at home and gym is not mandatory (this applies to people who can’t afford gym or where there is no gym in the vicinity). Use self body weight, resistance bands or dumbbells to do to strength training. Push ups, planks, squats and wall sit are some of the simple but very effective exercises.

Diet
1. Stop sugar sweetened beverages (soft drinks), packaged fruit juices and sweets; avoid adding sugar in tea or coffee,
2. Reduce carbohydrate intake & increase protein intake
3. Minimize ultra processed packaged foods,
4. Follow time restricted feeding by delaying breakfast and having early dinner,
5. Avoid alcohol.

Dr Sudhir Kumar MD DM 7th November 2023

#physicalactivity #walking #fitness #StrengthTraining

[CA Ashwani Bhola @CAabhola]

@abhishekrajaram My vote from northern region is sure for you. I personally feel that you always stood up for the common member and for right things. Keep it up sir 👍🏻