CA Roohan R Kothadiya

Chartered Accountant, Reader, Music Lover, Violinist, Motivational Writter and Speaker

[Aditya Sinhal @sinhaladitya]

Summary of GSTR-9 & 9C Optional and mandatory tables, since FY 2017-2018

Relevant notifications -
56/2019 (14-11-2019)
79/2020 (15-10-2020)
30/2021 (30-07-2021)
14/2022 (05-07-2022)
38/2023 (04-08-2023)

[Atul Modani @atulmodani]

Private banks HDFC, ICICI asking for KYC certificate from a CA for opening a Current account ,

RBI has clarified that it has not issued any instructions or requirement to get Certificate of Know you customer _from CA* - RTI Reply by #RBI to @canitinhargude

[CA Bimal Jain @BimalGST]

⚠️💥 𝗚𝗿𝗲𝗮𝘁 𝗡𝗲𝘄𝘀 𝗙𝗼𝗿 𝗛𝗼𝗻𝗲𝘀𝘁 𝐚𝐧𝐝 𝐆𝐞𝐧𝐮𝐢𝐧𝐞 𝗧𝗮𝘅𝗽𝗮𝘆𝗲𝗿𝘀;

📢 𝐒𝐮𝐩𝐫𝐞𝐦𝐞 𝐂𝐨𝐮𝐫𝐭 𝗱𝗶𝘀𝗺𝗶𝘀𝘀𝗲𝗱 𝘁𝗵𝗲 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁'𝘀 𝗦𝗟𝗣 𝗮𝗴𝗮𝗶𝗻𝘀𝘁 𝘁𝗵𝗲 𝗖𝗮𝗹𝗰𝘂𝘁𝘁𝗮 𝗛𝗖 𝗷𝘂𝗱𝗴𝗺𝗲𝗻𝘁 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗮𝘀𝗲 𝗼𝗳 𝗦𝘂𝗻𝗰𝗿𝗮𝗳𝘁 𝗘𝗻𝗲𝗿𝗴𝘆 𝗣𝘃𝘁. 𝗟𝘁𝗱.

➡️ The Supreme Court dismissed the Special Leave Petition (SLP) against the Calcutta High Court judgment.
➡️ The case involved the denial of Input Tax Credit (ITC) to a purchasing dealer by the department based on the supplying dealer's failure to remit tax.
➡️ The High Court ruling emphasized that ITC cannot be denied unless exceptional circumstances exist, such as the supplier going missing or situations where tax collection becomes impossible.
➡️ The decision is seen as a significant victory for honest taxpayers.
➡️ The matter was filed under Diary No. 44242/2023 in the Supreme Court.

✔️ The order copy of the judgment is still awaited.

#GST #GSTwithBimalJain #a2ztaxcorpllp #GSTUpdate #GSTcaseLaw #Advbimaljain

[Atul Modani @atulmodani]

#Incometax raids in #Sambhajinagar

[Inner Practitioner @MindTendencies2]

Maturity is not loving someone more to make them stay because you're just giving them more of something they don't want.

[Abhishek @HeyAbhishek]

If you aren't learning AI, you're falling behind.

Harvard ,Stanford, Google and Microsoft are now offering free courses.

No fees or application needed.

Here are 10 FREE courses you don't want to miss:

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

Table 4 of GSTR 3B (Eligible ITC)

Table 4A : ITC Available part

Table 4B : ITC Reversal part

Table 4C : Net Available ITC (Credited to electronic credit ledger)

Things to be remember
Table 4(B)(1) covers ITC which are not reclaimable (Permanent Reversal)

Table 4(B)(2) covers ITC which are reclaimable subject to fulfilment of specified conditions (Can be reclaimed in Future)

When Reversed ITC of earlier period re-claimed, it needs to be reported in Table 4(A)(5) and Table 4(D)(1)

#TaxationUpdates

[Aditya Shah @AdityaD_Shah]

🚨Had warned multiple times on unsecured retail credit👇

RBI comes and now checks the banks

ICICI Bank:-
We pulled back on 50,000cr worth of unsecured loans

HDFC Bank
We are careful with unsecured retail credit

Bajaj Finance:-
We are careful about mispriced loans in unsecured space

RBI Governor:-
There is a bubble in unsecured retail credit

But,
Small banks and NBFCs keep growing at a very fast space in unsecured retail credit!

The next waive of NPAs will come from
Unsecured retail loans i.e. personal loans and credit cards

RBI Acts now:-
🏦Consumer credit by banks and NBFCs to attract 125% risk weight, from 100% previously
🏦Credit card loans by banks to attract 150% risk weight from 125% previously
🏦Credit card loans by NBFCs to attract 125% risk weight from 100% previously

This means that RBI is saying unsecured are even more riskier.
The capital that the bank will have to set aside every time they give out loans is higher now.

This is negative for all risk-taking NBFCs and Banks
This is positive for all Risk Averse NBFCs and Banks

Kudos to the RBI for making sure to check the bubble in the unsecured space

[CA Bimal Jain @BimalGST]

⚠️💥 Much Needed Update:

📢 CBIC releases updated 23 E-Brochures under GST as on November 2023

✔️ The CBIC has released an updated 23 E-Brochures under GST as on November 2023.

➡️ Overview of GST:
https://t.co/Fx8B3EAPfk

➡️ GST Benefits:
https://t.co/ix6f7jq9Vu

➡️ Latest Updates in GST:
https://t.co/dEV0cgrzW1

➡️ Composition Levy Scheme:
https://t.co/JmqZGzvp5q

➡️ QRMP Scheme:
https://t.co/BVh4q7Ey8A

➡️ Policy Initiatives for MSME Sector:
https://t.co/oOfK33I71t

➡️ Casual Taxable Person:
https://t.co/xxHeYd27xr

➡️ Non-Resident Taxable Person (NRTP):
https://t.co/v7i6RK2LId

➡️ e-Invoice Under GST:
https://t.co/7YqebwhQUN

➡️ e-Way Bill:
https://t.co/gXFOrgl5VK

➡️ Registration in GST:
https://t.co/6JPehm7usK

➡️ Job Work under GST:
https://t.co/F8QfMjZAxT

➡️ Return filing procedure and relief:
https://t.co/YV0LgtisU0

➡️ GST Annual Return:
https://t.co/kOwj495GG4

➡️ Cancellation of registration in GST:
https://t.co/jIQbV5R4An

➡️ Revocation of cancellation of GST Registration:
https://t.co/J66nhTCTnt

➡️ Audit in GST Regime:
https://t.co/JhQrLye4f1

➡️ Refund in GST:
https://t.co/bOKB4LuT1C

➡️ Refund of unutilised ITC:
https://t.co/DuHatFiLTk

➡️ Inspection, Search & Seizures and Arrest under GST regime:
https://t.co/GF9C9511yV

➡️ Reward Scheme for Informers:
https://t.co/mzsUQL8ssp

➡️ Career Opportunities in CBIC:
https://t.co/D41Ux6SGe2

➡️ GST Audit, Path to Compliance:
https://t.co/3Dqux6oNa5

(Like, Comment, and Retweet)

#GST #GSTwithBimalJain #GSTLaw #A2ztaxcorpllp #AdvBimalJain #GSTUpdate #GSTNewChanges

[Manoj Gupta @manojgupta1979]

Group Of Each Family Stocks Listed In India📝

Many Interesting Stocks💹

⚡ Tata Group

1. Tata Consultancy Services
2. Tata Steel
3. Tata Motors
4. Titan
5. Tata Chemicals
6. Tata Power
7. Indian Hotels
8. Tata Comunications
9. Voltas Ltd
10. Trent Ltd
11. Tata Metaliks
12. Rallis India
13. Tata Investment Corp
14. Tata Elxsi
15. Nelco Ltd
16. Tata Coffee
17. Tata Coffee
18. Tejas Network
19. Tayo Rolls
20. Tata Teleservices
21. Benares Hotels
22. Automative Stampings
23. Nelco
24. TRF Ltd
25. Artson Engineering
✝️
⚡ Adani Group

1. Adani Ports
2. Adani Power
3. Adani Enterprises
4. Adami Energy Solutions
5. Adani Green
6. Adani Total Gas
7. Adani Wilmar
✝️
⚡ Bajaj Group

1. Bajaj Auto
2. Bajaj Finance
3. Bajaj Finserv
4. Bajaj Holdings & Investment
5. Bajaj Consumer
6. Bajaj Hindustan Sugar
7. Bajaj Electricals
8. Maharastra Scooters
9. Mukand Ltd
10. Hercules Ltd
11. Hindustan Housing.
✝️
⚡ Birla Aditya

1. Ultratech Cement
2. Vodafone Idea
3. Hindalco Industries
4. Grasim Industries
5. Aditya Birla FA
6. Aditya Birla Money
7. Aditya Birla Capital
8. Aditya Birla Sun Life AMC Ltd
✝️
⚡ Mahindra Group

1. Mahindra & Mahindra
2. Tech Mahindra
3. Mahindra & Mahindra Financial
4. CIE Automation
5. Mahindra Holidays
6. Mahindra Lifespace
7. Swaraj Engines
8. Mahindra EPC Irrigation
9. Mahindra Logistics Ltd
✝️
⚡Godrej Group

1. Godrej Consumer Products
2. Godrej Industries
3. Godrej Properties
4. Astec Lifesciences
5. Godrej Agrovet Ltd
✝️
⚡ Torent Group

1. Torrent Pharma
2. Torrent Power
3. Gujarat Lease Financing
✝️
⚡ Shriram Group

1. Shriramfin Shriram Finance
2. SEPC Ltd
3. Shriram Asset Management
✝️
⚡Muthoot Group

1. Muthoot Finance
2. Muthoot Capital Services
✝️
⚡Jubilant Group

1. Jubilant FoodWorks
2. Jubilant Pharmova
3. India Glycols
4. Jubilant Industries
5. Jubilant Ingrevia
✝️
⚡ICICI Group

1. ICICI Bank
2. ICICI Prudential Life
3. ICICI Securities
4. ICICI Lombard
✝️
⚡ L&T Group

1. Larsen & Toubro
2. L&T Finance
3. LTIMindtree
4. L&T Technology
✝️
⚡ HDFC Group

1. HDFC Bank
2. HDFC Asset Management
3. HDFC Life Insurance
✝️
⚡ Jindal Group

1. JSW Steel
2. JSW Energy Ltd
3. Jindal Steel & Power
4. Jindal Saw
5. JSW Holdings
6. Nalwa Sons Investments
7. Shalimar Paints
8. Hexa Tradex Ltd
9. Biogen Pharma
10. Shiva Cement
11. Jindal Stainless
12. JIFT Infralogistics
✝️
⚡ Murugappa Group

1. Chola Investment and Finance
2. Chola Financial Holdings
3. Coromandel International
4. EID Parry
5. Carborundum Universal
6. Shanti Gears
7. Wendt India Ltd
8. Tube Investments
✝️
⚡ Hinduja Group

1. IndusInd Bank
2. Ashok Leyland
3. Gulf Oil Lubricants
4. NDL Ventures
5. Hinduja Global Solutions
6. GOCL Corporation
✝️
⚡ Max Group

1. Thermax Ltd
2. Max Financial Ltd
3. Omaxe Ltd
4. Lumax Industries
5. Lumax Auto Tech
6. Max Ventures And Industries
7. Max Healthcare
✝️
⚡ Hero Group

1. Hero MotoCorp
2. Munjal Showa
3. Munjal Auto Industries
4. Shivam Autotech
5. Majestic Auto
✝️
⚡RPG Group

1. Ceat Ltd
2. Zensar Tech
3. KEC International
4. Summit Securities
5. RPG Life Sciences
6. Harrisons Malayalam Ltd
7. Stel Holdings
8. FGP Ltd
✝️
⚡JK Group

1. JK Cement
2. JK Lakshmi Cement
✝️
⚡ Essel Group

1. Zee Entertainment
2. Dish TV
3. Siti Networks
4. EPL Td
5. Zee Media
6. MT Educate Ltd
7. Padmalaya Telefilms
8. Diligent Media Corporation
✝️
⚡ Kirloskar Group

1. Kirloskar Oil Engines
2. Kirloskar Brothers
3. Kirloskar Pneumatic
4. Kirloskar Industries
5. Kirloskar Ferrous Industries
6. GG Dandekar Machine
✝️
⚡ Ramco Group

1. Ramco Cements
2. Ramco Systems
3. Ramco Industries
4. Rajapalayam Mills
✝️
⚡ India Bulls Group

1. Indiabulls Housing
2. Rattan India Power
3. Indiabulls Real Estate
4. Yaari Digital Integrated
5. Dhani Services
✝️
⚡ Mukesh Ambani Group

1. Reliance Industries
2. Network 18 Medial
3. Just Dail
4. Hathway Cable
5. Den Networks
6. Reliance Industrial Infra
7. Hathway Bhawani Cabletel & Datacom Ltd
8. Jio Financial Services Ltd

Do your own DD before investing.

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

New Rule 11UACA notified by @IncomeTaxIndia for Computation of income chargeable to tax under Section 56(2)(xiii) for amount Received under life Insurance policy

[CA Bimal Jain @BimalGST]

💥📌Very Important Judgment:

📢 Responsibility of purchaser would be limited to verifying GST registration of seller on GST portal: HC

✔️ GST : Responsibility of purchaser would be limited to extent of establishing that he bona fidely purchased goods from seller for valuable consideration by verifying GST registration of seller available on official web portal; purchaser needed not aware of credentials and business activities of seller or about fact that seller obtained GST registration by producing fake documents

[2023] 153 taxmann. com 325 (Andhra Pradesh)

#GST #GSTwithBimaljain #a2ztaxcorpllp #GSTCaseLaw #GSTITC #InputTaxCredit

[CA Bimal Jain @BimalGST]

CBIC issued Important clarification: Interest Payable on Late Payment of Tax and Wrongly Availed ITC
https://t.co/2cnYSSXhJI

[Tax Guru @taxguru_in]

Save the date June 30, 2023 for GST Amnesty Scheme
https://t.co/9jykn7WtLD
#date #June30 #GST #Amnesty #Scheme

[Barsee 🐶 @heyBarsee]

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[Study Cafe @studycafe_in]

Extension of time limit for issuing adjudication order under section 73 for specific financial years

Source: https://t.co/S1I08o248W

[CA Roohan R Kothadiya @CARohanRK]

@TaxationUpdates Use Taxbase

[CA Roohan R Kothadiya @CARohanRK]

@practice_guru Because sukun bhari zindagi jina chahata hu.....

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

GST is PAN based so if you have GST Number then GST is applicable on your all taxable supplies

It is irrelevant whether you are receiving amount in current a/c or saving a/c or through UPI

Some Taxpayers thinks that if they accepts amount in saving a/c then GST is not applicable on it

[CA Roohan R Kothadiya @CARohanRK]

@practice_guru Small CA Firm should have their own Internal Management controls. For this type of thought process we should have dedicated R & D Team for our office. It's my opinion