Mayank Garg

Chartered Accountant

[Mayank Garg @Mayank_garg17]

ॐ जयंती मंगला काली भद्रकाली कपालिनी
दुर्गा क्षमा शिवा धात्री स्वाहा स्वधा नमोऽस्तु‍ते।
🕉️
ॐ, ॐ, ॐ, ॐ...
ॐ महा लक्ष्मी नमो नमः
ॐ विष्णु प्रियाय नमो नमः
धन प्रदाय नमो नमः…
🛕
या देवी सर्वभूतेषु विद्यारूपेण संस्थिता.
नमस्तस्यै नमस्तस्यै नमस्तस्यै नमो नमः..

[Mayank Garg @Mayank_garg17]

@ShivAroor Truly said....

[Mayank Garg @Mayank_garg17]

@Globalstats11 AJ style arrived late, add Eddie Guerrero, Kane or Rey Mysterio

[Mayank Garg @Mayank_garg17]

#itr #incometax #incometaxindia @IncomeTaxIndia @nsitharamanoffc @narendramodi @raghav_chadha
#IndianArmy @rajnathsingh
Make it Count #makeitcount

[Mayank Garg @Mayank_garg17]

If I ever got a say in the Finance Bill, I’d propose a 1% tax on income from ₹0–15 lakhs, dedicated solely to the #IndianArmy and their families. 🇮🇳
It’s time people understand the value of paying taxes with purpose. #TaxWithPride @narendramodi @nsitharamanoffc @rajnathsingh

[Mayank Garg @Mayank_garg17]

If I ever got a say in the Finance Bill, I’d propose a 1% tax on income from ₹0–15 lakhs, dedicated solely to the #IndianArmy and their families. 🇮🇳
It’s time people understand the value of paying taxes with purpose. #TaxWithPride @narendramodi @nsitharamanoffc @rajnathsingh

[︎ ︎venom @venom1s]

Growing up is realising that in Titanic, Rose decides to throw away a $250 million pendant in memory of an unemployed man with whom she had sex one time.

Meanwhile, her husband worked hard all his life to maintain her and give her and her children a life of luxury, and he would surely have also appreciated the inheritance and lived peacefully.

She could have also given the pendant to her granddaughter, who took care of her her whole life.

The real villain of the movie was Rose.

[CA Ruchita Vaghani @R_N_Vaghani]

🚨 How Fake Invoice Rackets Are Detected Digitally

Here’s how the system catches them 👇

1. GSTN Sees Every Invoice: -
Every GST invoice uploaded shows:
✔️ Seller GSTIN
✔️ Buyer GSTIN
✔️ HSN/SAC
✔️ Tax rate
✔️ Location
✔️ Time stamp
Nothing is “offline” anymore

2. Circular Trading Detection: -
System flags when:
🔄 Same invoices rotate
🔄 Same parties trade repeatedly
🔄 No real movement of goods
High ITC claimed.
Zero economic substance.

3. Turnover vs Capacity Mismatch: -
🚩 Small office
🚩 No employees
🚩 No electricity load
🚩 Huge turnover
Digital red flag instantly generated.

4. E-Way Bill & Invoice Cross-Check: -
Invoice raised.
But:
❌ No e-way bill
❌ Wrong vehicle
❌ Fake distance
❌ Same vehicle used everywhere
Goods movement data exposes fake supply.

5. Bank Account Pattern Analysis: -
Rackets are caught when:
💸 ITC credited
💸 Amount withdrawn instantly
💸 Cash rotated back
💸 Same bank used across firms
Money trail never lies.

6. Supplier Network Scoring: -
One fake firm = multiple alerts.
GSTN maps:
🕸️ Common directors
🕸️ Common IP address
🕸️ Same mobile/email
🕸️ Same CA / auditor
Entire network gets blocked.

7. Return Filing Behaviour: -
🚩 GSTR-1 filed, 3B delayed
🚩 ITC claimed before tax paid
🚩 Nil returns after heavy billing
Classic fake firm behaviour.

8. AI Risk Profiling: -
Every GSTIN gets a risk score based on:
✔️ Filing pattern
✔️ ITC ratio
✔️ Vendor quality
✔️ Profit margins
High score = search, suspension, SCN.

9. Real-Time ITC Blocking: -
Under Rule 86A:
❌ ITC blocked
❌ Credit ledger frozen
❌ No prior hearing
Business paralysis begins instantly.

10. Why Rackets Collapse Completely: -
Because once detected:
✔️ Bank accounts freeze
✔️ GST registration cancelled
✔️ Directors traced
✔️ Past years reopened
✔️ Prosecution invoked
One weak link kills the entire chain.

🧠 Final Truth: -
Fake invoices fail not due to lack of intelligence…
but due to excess data.

In GST, patterns matter more than paperwork.

[Mayank Garg @Mayank_garg17]

@HeisRavers @grok Let's try

[Mayank Garg @Mayank_garg17]

If I ever got a say in the Finance Bill, I’d propose a 1% tax on income from ₹0–15 lakhs, dedicated solely to the #IndianArmy and their families. 🇮🇳
It’s time people understand the value of paying taxes with purpose. #TaxWithPride @narendramodi @nsitharamanoffc @rajnathsingh

[Mayank Garg @Mayank_garg17]

@onlinejain392 What Lie ?

[Mayank Garg @Mayank_garg17]

@IncomeTaxIndia
My friend has successfully paid the IT Challan of Rs 99,362, but payment is not reflecting under payment history section. Could you let me know who I should email or contact for assistance. For F.y 24-25

[Mayank Garg @Mayank_garg17]

- Support entrepreneurship and alternative career paths for CAs beyond traditional roles.

The profession is evolving, and so should the support system around it. Let’s ensure that every newly qualified CA gets the opportunity they deserve.
#icai #icairesults #icaiexams

[Mayank Garg @Mayank_garg17]

Hard Work Pays Off
Congratulations to the Newly Qualified CAs
A big salute to all the newly qualified Chartered Accountants – your dedication, sleepless nights, and relentless effort have finally paid off. You’ve crossed one of the toughest milestones, time for celebration 🎉.

[Mayank Garg @Mayank_garg17]

years of effort and expertise they bring.
It’s time for ICAI to step up. The Institute must take proactive measures to:
- Facilitate more job opportunities through campus placements and industry tie-ups.
- Encourage firms to offer fair compensation aligned with market standards.

[Mayank Garg @Mayank_garg17]

@IncomeTaxIndia Thank u, got the refund.

[Mayank Garg @Mayank_garg17]

#ExtendTaxAuditDueDate
#Extend_TAR_DueDate
#Extend_TaxAudit_Due_Date
A matter of grave concern and deep complications.
All we seem capable of is making requests-only to be met with humiliation.
Let’s give a resounding round of applause to those who voted for BJP.

[Mayank Garg @Mayank_garg17]

#ExtendAuditDueDate
#extend_ITR_TAR_duedates
#ExtendTaxAuditDueDate
It is a matter of serious concern that our professional representation consistently falls short, leaving us in the position of having to plead for extensions time and again.
Wake up to Sad reality 😞

[Mayank Garg @Mayank_garg17]

#ExtendAuditDueDate
#extend_ITR_TAR_duedates
#ExtendTaxAuditDueDate
It is a matter of serious concern that our professional representation consistently falls short, leaving us in the position of having to plead for extensions time and again.
Wake up to Sad reality 😞

[Mayank Garg @Mayank_garg17]

@narendramodi Happy birthday to the National Treasure of Bharat, and HBD to myself. 😃
#narendramodibirthday
#birthday
#HappyBirthdayModiji

[Mayank Garg @Mayank_garg17]

#Extend_Due_Date_Immediately
#extendduedateimmediately
#extend_ITR_Due_Date
#Extension_हक़_है_भीख_नहीं
#INCOMETAXPORTAL

[Mayank Garg @Mayank_garg17]

To all the professionals out there, what's the benefit of tweeting to the government?Their arrogance towards taxpayers and professionals is unbearable 💔,and their confidence in Infosys is unbreakable❤️Don't expect anything; keep working hard.
#ExtendDueDate
#extend_ITR_Due_Date

[Mayank Garg @Mayank_garg17]

All these extension things stopped after they imposed a penalty.Anyway,the IT department and the government don't give a damn about these tweets,but I have a genuine request: please change your vendor.
#Extend_Due_Date_Immediately
#extendduedateimmediately
#extend_ITR_Due_Date

[Mayank Garg @Mayank_garg17]

Site is still not working. Ha ha... just checking if anything improved so far.
Last tweet for the day; still 42 minutes left. Maybe a one- or two-day extension can resolve things.
#extendduedateimmediately
#Extend_Due_Date_Immediately
#extend_ITR_Due_Date