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PRO ADVISOR

PRO ADVISOR

@sumitsumit698

working With CA firms for more than 15 years. Specialties in GST, INCOME TAX, ROC

India Katılım Nisan 2017
86 Takip Edilen21 Takipçiler
Aatish Kapoor
Aatish Kapoor@AatishKapoort·
@TheTradingwolf0 They deactivate when sim is not used. Keep sim inside mobile and it never gets deactivated. I am using jio as secondary sim without recharging for years.
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The Trading Wolf
The Trading Wolf@TheTradingwolf0·
If you are using JIO SIM👇 then read this 🔥 Jio Prepaid Trick: Keep your number active for a YEAR at just ₹44! Don’t want costly recharges but need your Jio number for OTPs & incoming calls? Do this 👇 •Jio allows 90 days of inactivity before deactivation •Just recharge ₹11 data pack (10GB / 1 hour) once every ~90 days •Use a little mobile data → counts as “usage” •Get another 90-day window even without a base plan 🔁 Repeat 4 times a year = ₹11 × 4 = ₹44/year 📩 Incoming calls & SMS (OTPs) keep working ⚠️ Just don’t miss the 90-day window Perfect for secondary / banking-linked SIMs.
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CA Ruchita Vaghani
CA Ruchita Vaghani@R_N_Vaghani·
🚨GST Returns & E-Way Bills are enough to prove movement of goods — Toll receipts NOT mandatory : Allahabad High Court 👇 1. What documents ARE sufficient?: - ✔️ Valid E-Way Bills ✔️ Tax Invoices ✔️ Payments through banking channels ✔️ Proper disclosure in GSTR-1, GSTR-2A & GSTR-3B 2. Big Relief for Taxpayers: - Allahabad HC held that absence of toll plaza receipts or weighbridge slips cannot be a ground to allege fake movement of goods if statutory GST documents are intact. 3. No Legal Requirement for Toll Receipts: - The Court clarified: 📌 GST law does not mandate toll plaza receipts or weighbridge slips as statutory proof. 📌 Drawing adverse inference solely due to their absence is perverse & unsustainable. 4. Case Background: - 🔹 State GST authorities issued SCN u/s 74 (UPGST Act) 🔹 Alleged circular trading & fake ITC 🔹 Taxpayer dealt in agricultural goods & areca nuts 🔹 Complete records & tax payments were already furnished 5. Section 74 = Serious Allegations Need Serious Proof:- HC reiterated: ⚠️ Section 74 applies only when fraud, wilful misstatement or suppression with intent to evade tax is clearly proved. 🛑 Mere words like “circular trading” or “suspicious transactions” are NOT evidence. 6. Suspicion ≠ Proof: - The Court firmly held: 📌 Suspicion cannot replace proof 📌 SCN & assessment lacked concrete findings of fraud 📌 Hence, proceedings were invalid 7. Crucial Jurisdiction Ruling ⚖️: - State GST officers cannot initiate proceedings against a Central GST assessee ❌ No cross-empowerment = No jurisdiction ✔️ Authority must come from explicit statutory notification, not assumptions 8. CBIC Circular Support: - HC relied on: 📄 CBIC Circular dated 13 Dec 2023 📄 Earlier Division Bench rulings ➡️ Reinforcing limits on departmental powers 9. Final Verdict ✅: - ✔️ SCN, assessment & appellate orders quashed ✔️ Proceedings declared without jurisdiction ✔️ Refund of amounts deposited ordered within 1 month 10. Key Takeaways for GST Litigation: - 🔹 E-way bills + GST returns = strong defence 🔹 Section 74 can’t be invoked casually 🔹 Jurisdiction errors can nullify entire proceedings 📌 A strong precedent against arbitrary GST actions
CA Ruchita Vaghani tweet media
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Vineeth K
Vineeth K@DealsDhamaka·
Booked train ticket after a long time. Price - 645 Fees - 75 Didn’t know fees was so high. It’s almost getting equivalent to airline convenience fee Cancellation is Rs. 180 + GST.
Vineeth K tweet media
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PRO ADVISOR retweetledi
Arpit Haldia
Arpit Haldia@haldiaarpit·
A disturbing trend which has been rising over the past years in both GST and Income Tax and which is reflective over the events this year as well is that government functionaries take their on sweet time to provide the utilities and access to the portal but give a limited time to the taxpayers for filing of forms. Taxpayer given the limited time, file the returns correctly to the best extent possible and thereafter, same taxpayers are served with SCN for incorrect filing after 5 years and everybody till then forgets that the time limit given to them was limited. Reminders are sent by department as if taxpayers have not done their work. No issues with that but then an option to send reminder shall also be given to the taxpayers to send to Government about delayed utility and then also a power to levy penalty thereof for any delays. The dates are being fixed ignoring the reality check i.e. when Table 8A is being provided on December 1, 2025 why only one month as majority of notices are based on Table 8A and argument that taxpayer himself files GSTR-9 is as true as humans on Jupiter. Why the Amendment in GSTR-9 for 2024-25 were thought in 2025-26 and why not well before the end of 2024-25 and utility for the same released in April 2025. The need of the hour is lets be realistic, first the government needs to complete their task within time by providing utilities timely and setting reasonable timelines thereafter and taxpayer too then need to follow the timelines. One cannot clap with one hand and needs both hand to clap.
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विनय ताऊ
विनय ताऊ@ClosexFighter·
If Muh par Ram aur bagal me chhuri" had a face then #TanyaMittal is a perfect choice. She claimed on the show that she is a satvik hindu and pure vegetarian and can't wash the chicken and egg dishes. But in reality she is a non-vegetarian. #BiggBoss19 #BB19
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PRO ADVISOR
PRO ADVISOR@sumitsumit698·
@R_N_Vaghani Tweet kro yha income tax ko, grievance k screenshot lega k, tabhi bnegi baat
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CA Ruchita Vaghani
CA Ruchita Vaghani@R_N_Vaghani·
Income Tax Grievance is Most Useless Thing in This World AO Responded, "Refer to CPC" & CPC Responded, "Please Refer to AO" What is the assessee supposed to do now? Whom should he approach?
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Sourav
Sourav@Dutta_Souravd·
Friend asked me for a MF portfolio. SIP ₹50K/mo My picks : 1. Kotak Nifty 50 ETF (10K) 2. PPFAS Flexicap (10K) 3. ⁠SBI small cap fund (10K) 4. HDFC flexicap fund (10K) 5. Nippon India Small Cap fund (10K) Direct plans. Continue for 15+ yrs.
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PRO ADVISOR
PRO ADVISOR@sumitsumit698·
@dominos_india @zomatocare Hi Dominos i ordered pizza from one outlet in UP. But your person delivered pizza after 50 minute which was cold.Due to this customer care gave me discount for Rs 300 for that outlet only. But I am in Haryana now. So can't apply that discount.Plz help
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PRO ADVISOR
PRO ADVISOR@sumitsumit698·
@R_N_Vaghani 1st: PF 2nd: MCA 3rd: Msme 4th: ESIC 5th: income tax Baaki kya hi khu mai.
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CA Ruchita Vaghani
CA Ruchita Vaghani@R_N_Vaghani·
Which Government Portal is Worst ???? Starting From me: MCA Portal Share Your Worst Experiance in comment 👇
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Manish
Manish@tfinvesting_·
@CAChirag CAs after due date extended😂
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CA Chirag Chauhan
CA Chirag Chauhan@CAChirag·
Which phone worth to buy? iPhone 17 Pro Max Or Samsung Galaxy S25
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CA Anil Singhvi Zee Business
CA Anil Singhvi Zee Business@AnilSinghvi_·
लहरा दो, लहरा दो, Indian CA Fraternity का परचम लहरा दो...💪🏻🇮🇳 Big Four के नाम का बंद करो शोर...❌ हमारे भारत के CAs दिखाएंगे अब अपना जोर...✌ इसी पर है हमारा खास Show...📺 🇮🇳"CA का जोर भारत के Big Four"🇮🇳 देखिए मेरे साथ आज शाम 3.55 बजे @ZeeBusiness  #CA #CharteredAccountants #Company #StockMarket @theicai
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PRO ADVISOR
PRO ADVISOR@sumitsumit698·
CA ka Dard दिल में टेंशन सवार है, टैक्स ऑडिट का बहुत भार है। टेंशन के मारे काम नहीं हो रहा है, एक-एक दिन कम हो रहा है।लगता है इस बार वाट लग जाएगी, अगर तारीख न बढ़ी तो साँस अटक जाएगी। #TaxAuditExtension #PenDownNoExtensionNoAudit @IncomeTaxIndia Retweet as much as possible
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