Akhileshwar Sharma

CA Finalist | Result Awaited | Cleared CA Inter 1st Attempt | Tax & Audit Experience

[Akhileshwar Sharma @_Akhilsharma]

@CAausticT Agreed, with one nuance that it depends on the stage of life. Early on, a higher package can buy options and savings. Later, time, health and stability weigh more. The mistake is chasing the number without asking what it costs in hours and peace of mind.

[Akhileshwar Sharma @_Akhilsharma]

@kunikawrites Although, Arrest is gone as a recovery tool, but the demand isn't. Attachment and sale remain, so reply to recovery notices on time and use the stay and appeal routes before recovery steps begin.

[Akhileshwar Sharma @_Akhilsharma]

@kunikawrites Legal literacy matters, but access matters just as much. You can't reply to a notice you never saw. Some taxpayers have reportedly learned of ex-parte GST orders only when their bank accounts were attached. Teach the basics, and make notices harder to miss.

[Akhileshwar Sharma @_Akhilsharma]

@Neevgogad Fair, I'll accept "great manipulation" for turning one number into a restaurant lease 😄 The math is still correct though.

[Akhileshwar Sharma @_Akhilsharma]

@kunikawrites Yes, but Government should issue a clarifying circular on both questions: when solar plant counts as plant and machinery, and how net-metered adjustment against own consumption is treated. Conflicting advance rulings and notices create avoidable uncertainty.

[Akhileshwar Sharma @_Akhilsharma]

@abhishekrajaram Useful ruling. A small precision: the retrospective relief is under Section 16(5) (w.r.e.f. 1.7.2017, enforced 27.9.2024), for FY 2017-18 to 2020-21 ITC claimed in returns filed by 30.11.2021. The court left that question to the Section 107 appellate authority.

[Akhileshwar Sharma @_Akhilsharma]

@cakunikaagrawal Worth adding: filing GSTR-9 for FY 2025-26 before 30 Nov closes the window on that date, so reconcile GSTR-2B and claim everything first. The deadline also isn’t the only test: ITC must still satisfy the Section 16(2) conditions

[Akhileshwar Sharma @_Akhilsharma]

@abhishekrajaram Fair outcome. A reply the officer admittedly acknowledged can't be ignored for want of a DRC-06 upload. The matter is remitted for fresh consideration of the reply and the jurisdiction objection, within 8 weeks of appearance. Merits remain open.

[Akhileshwar Sharma @_Akhilsharma]

@taxologyin The MoSPI proposal makes sense for better statistics, but the form of the data matters. Aggregate or anonymised data is one thing; taxpayer-level data is another. Hope the Council spells out the safeguards.

[Akhileshwar Sharma @_Akhilsharma]

@cakunikaagrawal Key point for me: Section 74 needs a recorded finding of fraud or suppression, and there was none here. Missing toll receipts alone couldn't support an adverse inference when the invoice, e-way bill and bank trail stood unchallenged.

[Akhileshwar Sharma @_Akhilsharma]

@AdvocateBLJain Same fee for 20 years, but the work has changed a lot: more schedules, more reporting, more notices. The effort per return has gone up while the price stayed flat.

[Akhileshwar Sharma @_Akhilsharma]

@thesakshishukla Postman's point that every medium quietly decides what kind of ideas can survive on it stuck with me. Books let you argue, TV pushes you to entertain. Funny how much of that applies to scrolling now. Which part got you thinking the most so far?

[Akhileshwar Sharma @_Akhilsharma]

@aarchanay Sending a notice, then asking the customer to visit a branch with KYC to claim ₹1: the processing cost alone must exceed the balance. Auto-crediting or writing off such residues would save everyone's time. 😄

[Akhileshwar Sharma @_Akhilsharma]

@cakunikaagrawal Noted.

[Akhileshwar Sharma @_Akhilsharma]

@cakunikaagrawal That's what makes your posts reliable. You update them when something is missing.

[Akhileshwar Sharma @_Akhilsharma]

@Arhantt_pvt ₹2.6L on Zomato in 3 months works out to roughly ₹2,900 a day. At that point it isn't a food habit, it's a restaurant lease. 😄