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Ajay Rotti Profile picture
Ajay Rotti
@ajayrotti
Indian #Taxation #Bengaluru #Cars #F1 #Tifosi #Jeep #007 #CalvinandHobbes My political views don't define me. I won't judge you for yours.
Aug 18, 2025 • 8 tweets • 2 min read
A thread simplifying a jargon which we tax folks use to sound MBA-ish - "Inverted Duty Structure"

It is being discussed given the mention of it in GST reforms and also today in the the exempting health care from GST discussion.

Read on... you wont be disappointed 😋

1/N Normally, the duty/tax on raw materials is lower, and the duty/tax on finished goods is higher. That way, tax increases as value gets added.

Say...
Steel at 12% ... Car at 18%.
Packed Maida at 5% - Bread at 12%.

2/N
Feb 3, 2025 • 12 tweets • 4 min read
A lot of confusion "created" since Saturday about “No tax below income of ₹ 12 Lakhs” – Slabs starts at ₹4 lakhs. Is there a relief??

Some famous voices calling for the FM to be “large hearted & do it properly!!"

Did not want to explain until the dust settled.

A thread

1/N Tax exemption vs Tax deduction vs Tax rebate

All three are very different things. As different as Tamil Nadu, Karnataka and Andhra Pradesh or Tamil, Kannada and Telugu though all three seems to be the same for someone who doesn’t understand the nuances!

2/N
Mar 21, 2024 • 7 tweets • 4 min read
Some details the Assessment year 1994-95 proceedings of #Congress! It is not reopened today!! Link of court judgement provided.

Facts as recorded in the Hon Delhi High Court Judgement of 2016. The whole income-tax matter for AY 1994-95 started in January 1996 not today!!!!

Congress had not filed its return.

1/NImage They were asked to file the return. Even after filing the return only after a notice was issued... there was noncompliance. See the notings of the assessing officer as noted by the Hon Delhi HC. None of these are now.

2/N Image
Feb 5, 2024 • 11 tweets • 3 min read
Basics of tax in our federal structure - a #TaxThread after a while!

Only given the talk about taxes passed on to the States by the Central.

Both Central Government and State Government levy and collect taxes in India.

1/N Direct tax (Income tax, corporate tax) are levied and collected ONLY by the Central Govt. We dont have State income-tax like the US does.

VAT/Sales tax was collected by both before GST came into force. Excise Duty, Customs Duty, etc was collected only by Central Govt.

2/N