Ashish R. Pai & Associates

Audit, Taxation, Transaction Advisory and Representational Services.

[Ashish R. Pai & Associates @PaiAssociates]

Thanks @IncomeTaxIndia for the super-sonic processing of ITR for AY 2019-20 that was filed on 29-Sept-2020. The client got the refund in the bank account today, which is just one week from the date of filing. Kudos !!!!

@nsitharaman @ianuragthakur @nsitharamanoffc @Anurag_Office

[Tax Guru @taxguru_in]

The annual 30 Sept tax-audit crisis is a design failure, not a governance model. 8 of 9 completed cycles saw extensions; even excluding COVID, 6 of 7 did. Time for one realistic common deadline, electronic sequencing & transparent readiness rules. https://t.co/22RvpH3JCc

[Abhishek Raja "Ram" | Revolutionary Raja Ram @abhishekrajaram]

Rs 8,000 Crore GST Scam: Mastermind Behind 246 Fake Companies Arrested!

A massive GST fraud worth a staggering Rs 8,000 crore has been unearthed in Pune. The alleged mastermind, Asraf Ibrahim Kalawadiya, is now behind bars.

In a shocking revelation, Pune police have busted a complex network of 246 fake companies spread across 13 states, all designed to evade GST. The scam, orchestrated by Kalawadiya and seven associates who are still at large, involved the uusingse of forged documents and fictitious firms to conduct fraudulent transactions.

The case came to light after GST officials discovered that Pathan Enterprises, a non-existent firm in Hadapsar, Pune, had evaded taxes amounting to Rs 20.25 crore. Further investigation revealed a trail of shell companies, all linked to Kalawadiya, leading to the staggering estimate of Rs 5,000 - Rs 8,000 crore in evaded taxes.

How did the scam work?
Kalawadiya and his associates allegedly created a web of fake companies, using them to generate and pass on fake invoices for non-existent transactions. This allowed them to claim input tax credit fraudulently, ultimately evading a huge amount of GST.

What's next?
Kalawadiya is currently in judicial custody, while the police are on the hunt for his seven accomplices. The Economic Offences Wing has taken over the investigation, promising a thorough probe into this massive fraud.

This case highlights the vulnerability of the GST system to fraud and the need for stricter vigilance and enforcement. It also raises questions about the ease with which fake companies can be registered and used for illegal activities.

Stay tuned for further updates on this developing story.

[MIHIR NIMBOLKAR @MIHIR1585]

@IncomeTaxIndia @FinMinIndia The IT portal is down..! Pls sort the issue out at the earliest or extend the date today itself.. extendingbthe date on the last day is of no use..portal crashes have been frequent in the last few days! Unable to login.. PFA the screenshot!

[Abhishek Raja "Ram" | Revolutionary Raja Ram @abhishekrajaram]

Maximum Notices and Orders in GST are on the Issue of ITC.

Here are some general common issues related to the ITC and tentative replies or case law that you can use while drafting.

Request you to please follow me and save this post.

Rights of Post with: Abhishek Raja Ram

[Mitul Mahendra Mehta @mi2ul]

On the occasion of Prabhu Shri Ram temple inauguration at Ayodhya several State Govt. have declared public holiday.

Request to @cbic_india @GST_Council @PMOIndia @FinMinIndia extend the date for Quarterly GSTR filers by 1 or 2 days.

Read more at:
https://t.co/r6GsNi27pw

[Rishabh @jokebazz]

I have two tickets of World Cup final but won’t be able to go. I’ll not charge anything for the tickets and will randomly give to one of my followers who retweets and likes this tweet. Will announce winners at 9 PM on Friday.

[Prayag @theprayagtiwari]

If India wins today's match, I will sponsor a trip to New Zealand for 11 lucky people who retweet this tweet. Lessgo. #INDvsNZ

[Vala Afshar @ValaAfshar]

A warrior loves to compete, and will finish what is worth finishing, no matter the obstacles or circumstances. https://t.co/TRkCFzgH06

[Ashish R. Pai & Associates @PaiAssociates]

Do you remember when you joined X? I do! #MyXAnniversary

[CA Akhil Pachori @akhilpachori]

Strong voices coming from the community at large for permanent shift in Due Dates

I support this demand. Do you?

[Ashish R. Pai & Associates @PaiAssociates]

Due dates for this week

@PaiAssociates
@AshishRPai

[Ashish R. Pai & Associates @PaiAssociates]

Do you remember when you joined Twitter? I do! #MyTwitterAnniversary

[Vala Afshar @ValaAfshar]

you can do anything that you set your mind to

[Ashish R. Pai & Associates @PaiAssociates]

अब फर्क सिर्फ इतना ही है कि ONLINE की कतार किसी को नजर नहीं आती .....

[PMO India @PMOIndia]

सिर्फ 8-10 साल पहले की स्थितियों को याद कीजिए...

Birth certificate लेने के लिए लाइन,

बिल जमा करना है तो लाइन,

राशन के लिए लाइन,

एडमिशन के लिए लाइन,

रिजल्ट और सर्टिफिकेट के लिए लाइन,

बैंकों में लाइन,

इतनी सारी लाइनों का समाधान भारत ने Online होकर किया: PM @narendramodi

[Neeraj Arora 🇮🇳 @neerajarora91]

Dear CA Students.
#icai #castudents #caexams

[Ashish R. Pai & Associates @PaiAssociates]

@abhishekrajaram More than 60 years wasted.......

Need more time ...........

Have some patience............

#Sarcasm

[Vala Afshar @ValaAfshar]

How to develop healthier habits for others by introducing a bit of fun

[Alex Llull @AlexLlullTW]

Let's play a game!

RT this tweet and I'll send you my top 100 tweets for free.

These are the tweets that took me to 21,000+ followers and now, as a good thief, I want to share them with you.

Take them. Steal them. Use them.

They're yours 🕵️‍♂️

[Vala Afshar @ValaAfshar]

This incredible animation shows how deep humans have dug