CA Sumit Singh

👉 “FCA | DISA | Practicing Chartered Accountant 📍 Patna, India 💡 Simplifying Taxes • Finance Growth • MSME & Startups Mentor 📩 DM for collaboration”

[CA Sumit Singh @iamsumitCA]

Tax Audit Par Kaam Band ❌
Due Date Extension ke bina ek bhi Audit nahi!
24 Sept 2025 – Nationwide Pen Down Strike ✍️”

#PenDownNoExtensionNoAudit
#TaxAudit2025
#AuditDueDate
#CAUnity

[Amitabh Bachchan @SrBachchan]

T 756 - " रामचंद्र कह गए सिया से , ऐसा कलयुग आएगा ,
गाडी खरीदो गे cash से , और petrol loan से आएगा I "~ anon

[Tarun Gautam @TARUNspeakss]

No PM or CM should be allowed to hold office more than 2 times.

This hunger for power that you are stealing votes, breaking parties, buying MPs-MLAs, destroying institutions, oppressing minorities must be checked.

I wish our constitutional makers had added this provision.

Even America doesn’t allow one to become President for more than 2 times.

[कुंभकरण @_kumbhkaran]

जितने सांसद विधायक थे, सब के बच्चे हो गए, अब बेटे, बेटी, बहू, दामाद को भी संसद भेजना है। राज्यसभा में भी सीटें कम ही हैं वहां भी एडजस्ट नहीं हो रहा तो संसद की सीटें तो बढ़ानी ही पड़ेंगी!

[CA Sumit Singh @iamsumitCA]

@caanupam7 Fully agree. This growing VIP culture is deeply disappointing and completely against the ethos of our profession.

[CA Anupam Sharma @caanupam7]

My Experience at WOfA: The Rise of an Unacceptable 'VIP Culture'

It is deeply disheartening to witness the creeping "VIP vs. Non-VIP" culture within an institution where every single member holds the same prestigious title of Chartered Accountant. My experience at the recent WOfA event was a stark reminder of how far we have drifted from professional equality.

The disparity was glaring—plush sofas were reserved for the elite, while the chairs provided for ordinary members were barely fit for sitting. It is insulting to the dignity of our profession.
What is most ironic is that many of the CCMs and RCMs, who are now acting as untouchable hosts, were the same individuals desperately requesting members for WOfA bookings using their codes just a few days ago.

The discrimination didn't stop at the seating; it extended to the dining hall. For the first time in the history of our fraternity, separate lunch and dinner areas were designated for CCMs/RCMs and common members. Has our leadership become so "big" that even sharing a meal with a fellow professional is beneath them?

These representatives, who personally visit our offices and plead for votes during election time, seem to have forgotten that their authority comes from us. WOfA 2.0 has turned out to be "Dhoka 2.0." An institution’s grace is built on mutual respect and equality, not on the hollow vanity of sofas and separate dining halls. As professionals, we must stand against this blatant VIP culture. Such humiliation of members and guests is simply unacceptable. @ruwatiaofficial @caparveensharma @CaHiteshm @aarchanay @atulmodani @theicai @RajeshSharmaBJP

[CA Sumit Singh @iamsumitCA]

MCA has extended the last date for filing DIR-3 KYC / DIR-3 KYC-WEB without fee till 15th October 2025.

✅ Directors – don’t miss this compliance!
✅ File before 15.10.2025 to avoid penalty.

#CompanyLaw #MCA #Compliance #CA

[Amit Shah @AmitShah]

A phenomenal victory. The fierce energy of our boys blew up the rivals again.

Bharat is destined to win no matter which field.

[Narendra Modi @narendramodi]

#OperationSindoor on the games field.

Outcome is the same - India wins!

Congrats to our cricketers.

[CA Sumit Singh @iamsumitCA]

@atulmodani “0.68% tax share, yet 100% presence in India’s growth. 😎
Wherever you go — you’ll find a Bihari building the nation.
Bihar is the heart of India. ❤️🇮🇳
#ProudBihari #IndiaGrowth”

[CA Sumit Singh @iamsumitCA]

United we CAs stand, divided we lose credibility.
Our unity is not just for deadlines — it’s for dignity 🙌
#CAUnity #PowerOfProfession
#TaxAuditExtension

[CA Sumit Singh @iamsumitCA]

“Power of CA Unity = Voice of Integrity ⚖️📘When CAs stand united, even Judgements change direction 💼🔥”
#PenDownNoExtensionNoAudit

[CA Sumit Singh @iamsumitCA]

Tax Audit Par Kaam Band ❌
Due Date Extension ke bina ek bhi Audit nahi!
24 Sept 2025 – Nationwide Pen Down Strike ✍️”

#PenDownNoExtensionNoAudit
#TaxAudit2025
#AuditDueDate
#CAUnity

[CA Sumit Singh @iamsumitCA]

💡 Takeaway: Always reconcile ITR & GST turnover.
Mismatch doesn’t mean instant penalty, but it invites questions.
Better to be ready with explanations than face scrutiny later.

[CA Sumit Singh @iamsumitCA]

🚨 ITR vs GST Turnover Mismatch – Will You Be Penalized? 🚨
A detailed thread for entrepreneurs & small business owners 🧵

[CA Sumit Singh @iamsumitCA]

✅ Example:
ITR Turnover: ₹50 lakh
GST Return Turnover: ₹40 lakh
→ Officer will ask for proof (books, bank statement).
If no fraud → clarify & close.
If fraud → heavy penalty.

[CA Sumit Singh @iamsumitCA]

🔹 Penalty Rules
Mismatch ≠ Automatic Penalty ❌
Penalty applies only if tax evasion/fraud is proved:
•Sec 73: Tax + 18% Interest + 10% Penalty
•Sec 74: Tax + 18% Interest + 100% Penalty

[CA Sumit Singh @iamsumitCA]

🔹 After Registration
If GST returns show lower turnover than ITR → system flags it 🚩
Scrutiny / audit may follow.

[CA Sumit Singh @iamsumitCA]

🔹 At Registration
If turnover in ITR ≠ turnover in GST application, officer may ask for clarification.
No instant penalty, but registration can be delayed.

[CA Sumit Singh @iamsumitCA]

👉 Now GST portal auto-fetches turnover data from your ITR at the time of registration.
This move is to ensure transparency & curb fake registrations.