Nitesh Jain
@canitesh_jain
CA by choice, practising Indirect Taxes since last 20+ years. Co-chairman IDT committee of GCCI. Like reading non fiction and love watching sensible movies
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They say no sector is untouched by GST. This year’s Pushkar Fair just confirmed it - compliance has officially gone off-road, straight into the stables. #GSTHumour #GSTCompliance
The #SupremeCourt’s nod to refund unutilized Compensation Cess ITC restores the essence of zero-rating in GST. A reminder that circulars can’t cage statutory rights - and that exports must truly be tax-free, not just in theory but in practice. njjain.com/industry-news/…
Yesterday watched #ChaniyaToli #Gujarati movie, it is one the best comedy movies that I have watched for a long time, simple pure comedy, acting of the entire cast especially Yash Soni is commendable, it’s a must watch for all Gujarati knowing folks
Yesterday India won 3 cricket matches 1. Ind A vs SA A Test match 2. India men vs Australia men - T20 And then topped it up with the cherry on the cake Ind Women won the Finals of Women ODI World Cup one of the greatest day for Indian Cricket #IndianCricket #Worlds2025
On this auspicious Dhanteras, may your balance sheets shine bright and your fortunes multiply manifold. Warm wishes from all of us at NJ Jain & Associates. #Dhanteras #Diwali #Diwali2025
@All This is the kind of room you allot to guests on checkin - room no 412 - Novotel Aerocity New Delhi It’s a shame - pls share your general managers number
Had a wonderful Diwali team lunch - good food, lots of laughter, and even better company. It’s always nice to pause the routine and enjoy such moments that remind us we are not just a team, but a family. #Diwali #Diwali2025
Among #GST’s many promises, this one seems to be truly delivered. Traditional Check-posts vanished, transit times dropped & #India became one market. Sadly, in a few cases, check posts are there where the GST officer wants them to be. I sincerely hope this is also resolved soon.
Mercedes-Benz leads the auto sales, selling a ₹1 crore car every 6 minutes. Lower tax rates under GST made luxury more accessible. A clear example of how policy impacts real demand.
Rajasthan #HighCourt in IDP Education India Pvt. Ltd. held that services under a bilateral contract to a foreign entity are not “intermediary” under IGST Act. A key ruling that reinforces export status & refund eligibility for Indian service providers in cross-border engagements.
Sales dashboards flashing red-hot numbers. Customers lining up. Amid all this, the compensation cess issue quietly waits in the pit stop. After all, even tax worries can’t overtake festive demand. #GSTHumour #GSTReforms #GSTCollection #Navratri
Gauhati #HighCourt in the case of Pepsico India held that SCN under Sec. 73 is invalid without prior scrutiny via Form ASMT-10 under Sec. 61. This reinforces that procedural safeguards cannot be bypassed. Businesses must ensure that SCNs are thoroughly examined before responding.
Wintrack Inc saga brings to fore an issue which everyone knows, corruption has increased multifold, major reason is the discretionary powers that have been given to officers in indirect taxes. Major surgery of laws and procedures is required. indiatoday.in/business/story…
May this Dussehra inspire the victory of clarity over confusion, purpose over hesitation, and excellence over mediocrity. Wishing you and your team continued growth, harmony, and success in all your endeavours. #Dussehra #HappyDussehra
Good to see @cbic_india considering automation of GSTR-3B using e-invoicing data and a monetary threshold for issuing demand notices under Sec 73. These steps could ease compliance, reduce disputes, and promote a more efficient #GST system. njjain.com/industry-news/…
Timely clarity on #GST-linked MRP changes is critical. Small & medium enterprises need proactive support from the government and trade bodies - confusion can cause losses, delays, and compliance errors. Here is our GST alert on this topic that can help: njjain.com/gst-alerts/gst…
Looking forward to speaking at the Guidance Session on GST 2.0 Reforms organized by South Gujarat Chamber of Commerce and Industry on 17-Sep in Surat. Understanding the crucial changes is essential for a smooth business transition. Register: sgcci.in/events/guidanc… @SGCCI_Surat
The #CompensationCess on luxury cars ends 22-Sep. But must auto dealers reverse only the Cess ITC balance or the entire availed Cess ITC on stock? With a potential ₹50,000cr impact, the need for urgent clarity under Sec18(4) is critical. Our analysis: njjain.com/articles/auto-…
Had a very engaging session yesterday at the GCCI seminar on 'GST Reforms & Guidance' in #Ahmedabad. It is essential that businesses stay informed and adapt quickly to the #GSTReforms. Grateful to the @GCCIAhmedabad team for organizing a timely and impactful event.
“No GST on insurance” made great headlines until issue of input tax credit comes up. Without resolution, the benefit may get lost in translation before it ever reaches the end user.
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