Purvesh Choksi - Since 1989!

Have a healthy mind & be compassionate, you will be successful as a human being! Professionally a Chartered Accountant & a self-employed person!

[Purvesh Choksi - Since 1989! @Purvesh2]

@railcomplaint @RailMinIndia @WesternRly
Train 22731 is standing at one place since last 30 mins, I have a train to catch from Dadar station. Train is already running late for almost 2 hours today. It’s so irritating and frustrating.

[Abhas Halakhandi @AbhasHalakhandi]

GST flyer on GTA by @cbic_india

Clarifies that issuance of consignment note is MANDATORY condition for considering the supplier of service as GTA 👇🏻

📍Issuance of consignment note indicates that lein of goods has been transferred to transporter & he becomes liable for safe delivery to consignee.This agency service is under GST net.

📍Individual Truck Owner/Tempo operators who do not issue consignment note are not covered within the ambit of GTA,hence the same are exempt from GST via entry 18 of Exemtion NNo. 12/2017-CT(R)

IMPORTANT DOCUMENT to be used in GST Department proceedings.
Thanks @CAMihirModi for sharing the same 👍

https://t.co/liNsN6zwyK

[सुधीर हालाखंडी Sudhir Halakhandi @Sudhirhalakhndi]

Section 43 B - Finance Ministry should issue a FAQ cum Clarification regarding Section 43 B (h) ASAP since there are so many questions in this respect which are creating confusion and period up to 31 March is crucial in this respect.
@FinMinIndia @theicai @IncomeTaxIndia

[Purvesh Choksi - Since 1989! @Purvesh2]

@AbhasHalakhandi Sometimes penalty is higher than tax+interest!

[Purvesh Choksi - Since 1989! @Purvesh2]

@CAKevalShah1 Social media FOMO is at its peak!

[Purvesh Choksi - Since 1989! @Purvesh2]

@Infosys_GSTN Yes matter resolved.

[Purvesh Choksi - Since 1989! @Purvesh2]

Client's GSTN suspension was successfully restored by JO. However, on GST portal it is still showing as suspended and not able to carry out any business transactions since last month. It's a technical problem. G-2023120511676165 @Infosys_GSTN @cbic_india @cgstvdrzone @CgstSurat

[Purvesh Choksi - Since 1989! @Purvesh2]

@CAKevalShah1 What is your view?

[Purvesh Choksi - Since 1989! @Purvesh2]

@CAKevalShah1 Lack of sportsmanship ☺️

[Abhas Halakhandi @AbhasHalakhandi]

Electronic Cred Reversal & Reclaimed Statement🧵

Window for entering Opening Bal. of ITC already reversed till Jul23(M)/Jun23(Q) but RECLAIMABLE,is open till 30thNov

Opening Bal,once entered can be amended 3 times till 31st Dec

Fresh reporting not available post 30th Nov

[Gaur Gopal Das @gaurgopald]

There’s absolutely no problem wanting more and having more.

But in running after more, let’s not forget to focus on and be grateful for what we already have.

Gratitude helps us fall in love with the life we already have and turns what we already have into enough.

So, have more but also live more …. in awareness and gratitude.

#Gratitude #Thankful #Mindfulness #Awareness #Balance #havemore #livewell #SaturdayMorning #SaturdayMotivation #EnergizeYourMind #lifesamazingsecrets #monkify #monkifyapp #monkifyyourlife #gaurgopaldas #GaurGopalDas

[Keval Shah 🇮🇳 @CAKevalShah1]

This is INDIA 🇮🇳🇮🇳🇮🇳
Proud Indian today ❤️❤️

[Keval Shah 🇮🇳 @CAKevalShah1]

All the Best to all CA Students awaiting for CA results eagerly with eyes full of hope and heart filled with anxiety. If you PASS, thank Universe but if you FAIL, thank Universe for giving you one more chance to get rank. Picture abhi baki hai dost 🤙😀
#caresults #icai

[CA Chirag Chauhan @CAChirag]

Today is the last date to link your PAN with your Aadhaar

Consequences of not linking

From July 1, 2023, the PAN of taxpayers who have failed to link their Aadhaar, as required, shall become inoperative. The consequences during the period that PAN remains inoperative will be as follows

-No refund shall be made against such PANs

-Interest shall not be payable on such refund for the period during which PAN remains inoperative

-TDS and TCS shall be deducted /collected at a higher rate, as provided in the Act

-After informing the prescribed authority and paying a cost of Rs.1,000, the PAN can be made operational again in 30 days

For whom is Aadhaar-PAN linkage not compulsory?
The aadhaar-PAN linkage requirement does not apply to any individual who is:

- Residing in the States of Assam, Jammu and Kashmir, and Meghalaya

- A non-resident as per the Income-tax Act, 1961

- Of the age of eighty years or more at any time during the previous year; or

- Not a citizen of India.

If you are not sure whether your PAN-Aadhaar is linked, you check the status at Income Tax Website

[Amresh Vashisht @caamresh]

CBDT order u/s 119 dated 28.6.2023 provides relaxation u/s 200 r.w.r 31A and u/s 206C(3A) r.w.r 31AA.

(1) Compliance date of delivering Statement of TDS in Form 26Q for first quarter of FY 2023-24 has been extended from 31.7.2023 to 30.9.2023.

(2) Compliance date of delivering Statement of TDS in Form 27Q for the first quarter of FY 2023-24 has been extended from 31.7.2023 to 30.9.2023.

(3) Compliance date of delivering Statement of TCS in Form 27EQ for the first quarter of FY 2023-24 has been extended from 15.7.2023 to 30.9.2023.

Attention:
(1) There is no relaxation for delivering Statement of TDS pertaining to *salary* in *Form 24Q*.

(2) There is no relaxation in payment of TDS and TCS for the month of June, 2023.

[Abhas Halakhandi @AbhasHalakhandi]

GST Invoice of Taxable Val 10Lacs issued @ 12% & GST Returns(R1 & 3B) filed accordingly

Later it is known,that Actual rate of Goods is 18%!!

What shall be the course of action in such case? 🤔

Issuing a 'DEBIT NOTE' for tax shortly charged,seems to be the 'legal' way 👇

🧵..

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

Note on ITR Filing options Till A.Y. 2023-24 and A.Y. 2024-25 onwards

(Section 115BAC is Totally Changed from AY 2024-25 and these changes are explained here)
#TaxationUpdates

[Abhas Halakhandi @AbhasHalakhandi]

COMPOSITION DEALERS -Upcoming Due Dates💥

CMP-08[Jan-Mar 23]-18th April 23
GSTR-4[FY 2022-23]-30th April 23

Consequence of Delayed Filing:-
CMP-08-Interest Leviable. No Late Fee

GSTR-4
Late Fee Rs.20 for Nil Return/Rs.50 Otherwise
Max Late Fee Rs.500 for Nil/Rs2000 for Others

[Abhas Halakhandi @AbhasHalakhandi]

@IncomeTaxIndia had clarified that Cost Inflation Index 348 for FY 23-24 has been notified on 'Provisional' basis. Final number shall be notified in due course!!

In my knowledge, this has not happened anytime in recent past.
What could have been the reason🤔

[CA Chirag Chauhan @CAChirag]

No GST on biz vertical sold as Going Concern

* Condition Apply