CA Neetish Sharma

Practicing CA/ CPA equivalent | US-India cross border taxation | US LLC Invorporation | US VAT | GST | FEMA | Quickbooks Pro Advisor | Building Taxdodo |

[CA Neetish Sharma @NeetishTweets]

@Shruti_Trader @TheClubJunto 1. GST registration needed only if turnover in an FY exceeds 20 Lacs.

2. For Income tax, you may report such earnings under presumptive taxation where only a certain % of your receipts gets taxed. Search 44AD/44ADA.

3. EDF is, however, mandatory as per the new RBI notification.

[CA Neetish Sharma @NeetishTweets]

@Beunapologeticm @Dhairya__tweets From a plain reading of the notification issued in this regard, it appears that it will apply for youtube adsense as well.

[Adv. Rupesh Sharma @i_rupeshsharma]

📍Important GST Alert: Circular 253/10/2025-GST Scraps Documentation Requirements Under Section 15(3)(b)(ii)

The CBIC has officially withdrawn Circular 212/6/2024-GST (issued on 26 June 2024), which dealt with the documentation and procedure for satisfying Section 15(3)(b)(ii) in cases of post-supply discounts and credit notes.

With Circular 253/10/2025-GST dated 1 October 2025, the earlier compliances prescribed for proving fulfilment of Section 15(3)(b)(ii) are no longer required.

A screenshot of the circular is attached herewith 👇
#GST #Circular #CreditNotes

[CA Neetish Sharma @NeetishTweets]

@bhargava_06 At least 4 weeks.

[CA Neetish Sharma @NeetishTweets]

@TibrewalMihir Yes, exit.

[CA Neetish Sharma @NeetishTweets]

Positional Trade: #MOIL breaks above a resistance level.
Buy: #MOIL
CMP: 180
Target: 194/195
Stop Loss: 172

[CA Neetish Sharma @NeetishTweets]

Positional Trade(4-5 weeks): Dr Lal Path Labs breaks above a cup and handle pattern.
Buy: Dr Lal Path labs
CMP: 2952
Target 1: 3150
Target 2: 3200
Stop loss: 2850

[CA Neetish Sharma @NeetishTweets]

Medium Term Trade(6-7 months): Intense Technologies breaks above a cup and handle pattern.
Buy: Intense Technologies
CMP: 61.95
Target 1: 90
Target 2: 100
Stop Loss: 50

[CA Neetish Sharma @NeetishTweets]

Positional Trade(4-5 weeks): #ITC has broken above from a falling trend line, signaling a trend reversal.
Buy: #ITC
CMP: 216
Target 1: 235
Target 2: 240

Stop Loss: 206

[CA Neetish Sharma @NeetishTweets]

Positional Trade: L&T Finance holdings breaks above a falling trend line.
Buy: L&T Finance holdings
CMP: 93.75
Target: 103
Stop Loss: 87

[CA Neetish Sharma @NeetishTweets]

#Reliance at 2100 after breaking above the resistance at 2040. Hold for the eventual target of 2200.
#RIL

[CA Neetish Sharma @NeetishTweets]

#RIL breaks above a resistance at 2040.
Buy: reliance Industries
CMP: 2042
Target: 2200
Stop Loss: 1960

[CA Neetish Sharma @NeetishTweets]

#RIL breaks above a resistance at 2040.
Buy: reliance Industries
CMP: 2042
Target: 2200
Stop Loss: 1960

[CA Neetish Sharma @NeetishTweets]

@rahulanshu25 It is still in a pretty good up trend. But there are stocks out there that offer a better risk/reward odds from a longer term perspective. For eg. Prakash Industries, BHEL etc.

[CA Neetish Sharma @NeetishTweets]

#SBI meets its target of 425 today.

[CA Neetish Sharma @NeetishTweets]

Recommended at 359 weeks before the Q4 results, stock made a high of 418.95 on 24th of may. 16% upside in less than a month. Will eventually hit the target of 425 probably in early June.
#SBI

[CA Neetish Sharma @NeetishTweets]

Recommended at 96, currently trades at 103 and on course to meet both of the targets.
#Indiabulls Real estate

[CA Neetish Sharma @NeetishTweets]

Positional Trade: Indiabulls Real estate breaks out of an inverted head & shoulders pattern.
Buy: Indiabulls Real estate
CMP: 96
Target 1: 118
Target 2: 124
Stop Loss: 83

[CA Neetish Sharma @NeetishTweets]

Recommended at 787, currently trades at 821 and on course to meet its target.
M&M

[CA Neetish Sharma @NeetishTweets]

Positional Trade: M&M breaks above a falling trendline.
Buy: M&M
CMP: 787
Target: 950
Stop Loss: 730

[CA Neetish Sharma @NeetishTweets]

Recommended at 146, currently trades at 150.50 and on course to meet both of its targets.
#TVSElectronics

[CA Neetish Sharma @NeetishTweets]

Positional Trade: TVS Electronics breaks out of an Inverted Head & Shoulders pattern.
Buy: TVS Electronics
CMP: 146
Target 1: 165
Target 2: 175
Stop Loss: 130

[CA Neetish Sharma @NeetishTweets]

Recommended at 122, currently trades at 125.50 and on course to meet its target.
#AshokLeyland

[CA Neetish Sharma @NeetishTweets]

Positional Trade: #AshokLeyland breaks above the falling trend line.
Buy: #AshokLeyland
CMP: 122
Target: 138
Stop Loss: 114

[CA Neetish Sharma @NeetishTweets]

Recommended at 3989 on 18th may, stock made a high of 4186 on 25th of may and currently trades at 4166. On course to meet its target of 4300.
#BajajAuto

[CA Neetish Sharma @NeetishTweets]

Positional Trade: #BajajAuto breaks above the resistance level of 3870.
Buy: #BajajAuto
CMP: 3989
Target: 4300
Stop Loss: 3785

[CA Neetish Sharma @NeetishTweets]

Recommended at 1522 on 18th may, stock made a high of 1614 today, just 6 short of its target. Seeing the strong momentum in the stock, target on the upside is revised to 1750.
#Titan

[CA Neetish Sharma @NeetishTweets]

Positional Trade: #Titan breaches a descending trend line.
Buy: #Titan
CMP: 1522
Target : 1620
Stop Loss: 1460