Tax Advisors

I know one thing; that I know nothing-Socratic Paradox

[Tax Advisors @gst_law]

@KirtanShahCFP Taxation part is being transferred to price/units by AMC like dividends, so I guess this point is not valid. Pls explain

[Tax Advisors @gst_law]

@Iamsamirarora But Paul samuelson also did not said about 'watching paint dry -your favourite color' or watching 'green' grass grow. so watching investment doing well-'when it does' also does not qualify to rebutt poor Paul

[Tax Advisors @gst_law]

@Iamsamirarora Not defending the quote, and I also know this was just only one of your style statement of humour/satire besides enjoying market today

[Tax Advisors @gst_law]

@Iamsamirarora Sir ji, " Watching" is key word here, pls apply theory of relativity with this quote to determine its true objective. It is very boring task to keep watching, Paint dry or Watching grass grow. Sir ji itni time me aap 10 books finish kar doge,par wo nahi karni na. only watching

[Tax Advisors @gst_law]

@Infosys_GSTN @JyotiPoddar10 @1c603abd6e4d441 @GST_Council Thanks @Infosys_GSTN . Tran-1 is credited now in electronic credit ledger. Can close raised ticket now.

[Tax Advisors @gst_law]

@Infosys_GSTN Ticket number G-2023030110415820 has been raised at grievance portal and Direct message has been sent with copy of order issued for allowance of TRAN-1 credit by CGST department on 22-02-23. Still GSTN has not credited due transitional credit

[Tax Advisors @gst_law]

@JyotiPoddar10 @1c603abd6e4d441 @Infosys_GSTN @GST_Council The time limit of 90 days and deadline 28-02-2023 as provided by supreme court is over now. GSTN has failed to credit due transitional credit after passing of order by CGST department. It is shameful and clear case of contempt of order attracts interest, costs, punishment

[Tax Advisors @gst_law]

@1c603abd6e4d441 @JyotiPoddar10 @Infosys_GSTN @GST_Council Not yet, though client has received Order through registered post from CGST department regarding allowance of transitional credit, and they admit to have uploaded this in GST portal, but still not credited in Credit ledger. Whats up in your case ?

[Tax Advisors @gst_law]

@JyotiPoddar10 @Infosys_GSTN @GST_Council Its an unfortunate situation now, despite all our efforts, GST portal/department/central govt has not credited eligible input despite supreme court's intervention.

[Tax Advisors @gst_law]

@Deepakdhanuka6 @Infosys_GSTN Has transitional credit reflecting now in credit ledger? Any email/update of order issued at portal regarding approval of tran-1. Pls update having same issue with one client

[Tax Advisors @gst_law]

@haldiaarpit In my opinion, nature of both credits is different as per gst portal/law, as cash ledger almost works as a saving/current bank account whereas credit ledger works as CC account where you have restrictions and limitations

[Tax Advisors @gst_law]

@haldiaarpit In case of Refunds- Cash ledger credits are almost verified by portal itself, either though cash challans or TDS/TCS . But credit ledger entries are available for adjustments against outward liability only as there ingenuity can not be verified automatically by portal

[Tax Advisors @gst_law]

@abhishekrajaram What can be expected now,you get reduced late fee prospectively in name of amnesty. Now this is collection agenda, as not only it is difficult for all taxpayers below Rs 2CR to file Annual with required HSN details, which earlier was exempt for them. So how it is relief?

[Tax Advisors @gst_law]

@BMTheEquityDesk Basant ji,Good morning
Kya lagta hai? Ek sawal tha aapse,when you said what risk you foresee while holding tesla for long term, i was also apprehensive regarding 'succession plan' But I have another fear, what if EM wish to delist it overnight being cash rich business before 2030

[Tax Advisors @gst_law]

@abhishekrajaram No mention of per minute/3 minute call rates here as there used to be afterwards for several decades. Ye unlimited calls ka idea purana lagta hai

[Tax Advisors @gst_law]

@abhishekrajaram Sir , you would agree that figures can be stated accordingly to please any narrative on both sides. But here at macro level we would see more people declaring higher income due to these rate changes and it would have multiplying effect in our economy.

[Tax Advisors @gst_law]

@elonmusk @WallStreetSilv Is there any Waiver machine like Printing Machine in U.S ? You put your debts numbers in it and Jumbo! you get waiver ticket. Fed should also print some more to spend on R&D guys for this kind of gadget. looks no other way out.

[Tax Advisors @gst_law]

@atulmodani @SectionGst C.A sahab is trying to do 'Mini Harshad'. Anyways not all business can pay 10 days advance before due date to CA. But one day some fund can definitely deny to liquidate on time, then would be risk hai to ishq hai situation with interest and late fee

[Tax Advisors @gst_law]

@haldiaarpit Pencil and sharpener are definitely complimentary, but eraser in some places can be considered a supplementary product with pencil & sharpener. A pencil can be used without eraser but not without sharpener