CA Rahul Sarawgi

CA • Simplifying GST, Income-Tax & Business Compliance
Threads on appeals, notices, ITR mistakes & practical tax planning.

[CA Rahul Sarawgi @rsarawgi]

₹1 lakh iPhone given to an influencer.

Influencer pays ₹0.

Still, it may trigger TDS.

If a promotional product is returned after use → different treatment.

If the influencer keeps it → it can be a taxable benefit/perquisite.

Free product ≠ tax-free product.

[CA Rahul Sarawgi @rsarawgi]

57th GST Council meets on 12 Sept.

One issue businesses should watch: possible easing of blocked ITC u/s 17(5) and refund norms.

For many businesses, GST pain is not the tax rate.

It is tax already paid — but credit/refund still blocked.

Working capital is tax policy too.

[CA Rahul Sarawgi @rsarawgi]

₹9 CRORE turnover.

Tax Audit may STILL not be mandatory.

For a business, the ₹1 crore limit can become ₹10 crore if BOTH:

• Cash receipts ≤ 5% of total receipts
• Cash payments ≤ 5% of total payments
Turnover alone does not decide Tax Audit.

The mode of transaction can change the answer.

[CA Rahul Sarawgi @rsarawgi]

One of the most dangerous ITR myths:

“Refund received = return accepted.”

Not necessarily.

143(1) processing is largely automated. A return may still face scrutiny, reassessment or other proceedings later.

A refund is money returned — not a clean chit.

[CA Rahul Sarawgi @rsarawgi]

A telecom tower is bolted to the ground.

Still, it can be “MOVABLE PROPERTY” under GST.

Supreme Court has rejected the GST Dept’s review plea in the telecom tower ITC case.

Result:

ITC cannot be denied merely by calling the tower immovable property.

Physical attachment ≠ automatically immovable.

[CA Rahul Sarawgi @rsarawgi]

Taxpayers don’t fear tax as much as uncertainty.

A senior Income Tax official said yesterday that certainty & predictability matter more to taxpayers than the tax itself.

That rings true.

Clear law → better compliance
Unclear law → notices + litigation

Tax certainty is tax reform too.

[CA Rahul Sarawgi @rsarawgi]

394 entities. 36 professionals. One clear message from Income Tax Dept:

Form 15CB is not routine paperwork.

Foreign remittances are being matched with turnover, business activity & documents.

A CA's signature is due diligence—not a rubber stamp.

[CA Rahul Sarawgi @rsarawgi]

Made a LOSS in F&O?

Don't assume:

“No profit = no ITR issue.”

F&O loss is generally a business loss.

Filing your return within the applicable due date can be important if you want to carry that loss forward.

For many non-audit business taxpayers:
📅 31 August 2026
Loss ≠ no compliance.

[CA Rahul Sarawgi @rsarawgi]

Paid tax on your US stocks/RSUs but forgot Schedule FA?

FAST-DS 2026 starts TODAY.

Eligible foreign assets already taxed in India / acquired while non-resident, but not disclosed:
• Up to ₹5 crore
• Flat fee ₹1 lakh
• Deadline 31 Dec 2026

Tax paid ≠ disclosure done.

[CA Rahul Sarawgi @rsarawgi]

@RailwaySeva Ticket was booked in wl so got the seat the time of chart preparation. Also the person has gone for the knee replacement , pls help if u can

[CA Rahul Sarawgi @rsarawgi]

8651899155 pnr alloted one upper birth for senior citizen pls provide lower birth pls help @IRCTCofficial @RailMadad @RailwaySeva @Central_Railway @AshwiniVaishnaw

[CA Rahul Sarawgi @rsarawgi]

Paid tax on your US stocks/RSUs but forgot to disclose them in Schedule FA?

This mistake can be much more serious than people realise.

FAST-DS 2026 starts TOMORROW — 16 August.

For eligible foreign assets already taxed in India / acquired while you were non-resident but not reported in the ITR:

✅ Asset value up to ₹5 crore
✅ Flat fee: ₹1 lakh
✅ Last date: 31 December 2026

Paying tax and disclosing a foreign asset are TWO different compliances.

Many taxpayers realise this only after receiving a notice.

The commencement date and 31 December deadline are confirmed in CBDT’s latest FAQ.

[CA Rahul Sarawgi @rsarawgi]

@JioCare Till now no one has come to take back the jiofibre set. Is this the service u r providing ?

[CA Rahul Sarawgi @rsarawgi]

The irony! A new Jio connection gets processed within 4 hours. Contact details are shared instantly, and welcome calls start pouring in.

But when it comes to a complaint for an existing broadband connection that’s been down for 36+ hours:
• No call from Jio.
• Engineer gets changed every time the scheduled slot passes.
• No resolution.
• Only “bad weather” excuses from the engineer.

This is what Jio’s after-sales service looks like. Getting a new customer is easy. Supporting an existing one seems impossible. #Jio #JioFiber #CustomerService #Broadband #ServiceFailure @JioCare @reliancejio

[CA Rahul Sarawgi @rsarawgi]

@JioCare Kindly take back your belonging at the earliest.

[CA Rahul Sarawgi @rsarawgi]

@JioCare @airtelindia Now the engineer number is switch off. I have applied for cancellation request. Kindly at-least process the cancellation request asap.

[CA Rahul Sarawgi @rsarawgi]

@JioCare my internet is not working since afternoon. Technician visit was till 7 to 8 but no update till now. My office work is hampering. Called customer care no response. Technician number switch off. Very bad service.

[CA Rahul Sarawgi @rsarawgi]

@JioCare This is the third time my engineer visit is rescheduled. It’s better you disconnect my connection and i will go for new @airtelindia connection.

[CA Rahul Sarawgi @rsarawgi]

@JioCare Kindly resolve it on priority as 24 hours have passed since the complain registration. New connection takes 3-4 hours to process but u cannot solve the complain matter in 24 hours also.

[CA Rahul Sarawgi @rsarawgi]

@JioCare How u have forwarded the details when i have not shared anything till now ?