Rishab Jain

[Lakshmisha K S @lakshmishaks]

I will be blunt. There is no way for India to grow its manufacturing exports until the world solves its China problem.

After the collapse of real estate, China is redirecting all its energy towards exports.

The way credit is being driven, coupled with collapse in domestic demand, means Chinese products will continue to be cheap. Currency depreciation is another tool China has.

Given the structural advantages and established manufacturing ecosystem, it is impossible to beat China.

So unless the US puts 100% tariffs on Chinese goods (including reexports from Mexico, Vietnam), China will dominate the exports market.

It's just not India, even traditionally strong export countries like Germany, S. Korea and Japan are struggling against Chinese juggernaut.

Other than collapse and revolution in China, I don't think for the next 5 years it is easy for India to grow manufacturing exports easily.

In fact, it is very important that India protects its domestic demand. Look at the steel sector, where every manufacturer is calling out the cheap Chinese that is being dumped. A lot of planned capex is being scaled down.

The only thing Modi government can realistically do is save Indian domestic market. Everything else is beyond Modi.

(Unless Modi can transfer 5-10% of GDP as PLI + Industrial subsidy, which would also mean stopping all farmers, ladli behan, and other common people subsidies)

[Rishab Jain @rishab4r]

@InnocentOW @advait_l Please provide the trick.

[CA Harshil sheth @CA_HarshilSHETH]

NO ONE IS TALKING ABOUT THIS

The life, Any Tax professional , has been living under the current GST and Income Tax regime in last 7 years

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

🚨Big Update 🚨

"Invoice Management System (IMS) facility shall be available to the taxpayer from 1st October onwards on the GST portal.

Invoice Management System (IMS) which will allow the recipient taxpayers to either accept or reject an invoice or to keep it pending in the system, which can be availed later.

The said functionality would be a major enhancement in the ITC ecosystem of GST. Now, only the accepted invoices by the recipients would become part of their GSTR-2B as their eligible ITC.

At the time of GSTR 2B generation, a record will be considered as ‘Deemed Accepted’ if no action is taken on that record in IMS

System will generate GSTR 2B of a return period only if GSTR 3B of previous return period is filed

Biggest Step on enhancement of ITC structure by @cbic_india @Infosys_GSTN

@FinMinIndia

[Rishab Jain @rishab4r]

@IndiGo6E @IndiGo6E have sent the booking details. Please do check.

[Rishab Jain @rishab4r]

@OmarAbdullah @Murphy586904 @Murphy586904 😂😂😂

[Live Law @LiveLawIndia]

The #SupremeCourt will pronounce its judgment in the #Article370 case today at 10.30 AM.

A 5-judge bench led by CJI DY Chandrachud will decide the validity of the Presidential Orders of 2019 repealing the special status of Jammu and Kashmir.

Follow this thread for live updates

[Rishab Jain @rishab4r]

@kalravkapadia This fragrance is an absolute gem that captures attention wherever you go. I highly recommend this perfume to anyone in search of a signature scent that turns heads.

[CA Bimal Jain @BimalGST]

Biggest ever GST fake invoices racket busted by Noida Police. More than 635000 PAN cards forged and 2660 shell firms made. GST liability estimated to be over Rs 10,000 crores

8 people arrested including 2 CAs

For More Details: https://t.co/WcO9aPkl9Z

#GST #FAKE #Invoice

[GST Tech @Infosys_GSTN]

A gentle reminder for the Monthly Filers of #GSTR_3B

[Rishab Jain @rishab4r]

@InnocentOW @TaxationUpdates @cbic_india @UIDAI

[Study Cafe @studycafe_in]

The CBDT has notified new Rule 17AA prescribing books and other documents to be kept and maintained by entities under clause 10(23C) or section 12A. The books of accounts and other documents may be kept in written form or in electronic form or in digital form.

[Rahul🤡 @tatyabichumemer]

😭😭

[CNBC-TV18 @CNBCTV18Live]

#CNBCTV18Exclusive | #GST Council decides to ease compliance for taxpayers. GST Council allows amendments in GSTR3B (monthly GST return to be filed by taxpayers), sources to @TimsyJaipuria

[CA Ashwani Agarwal @ProblemsInGSTN]

May be the @Infosys_GSTN thinks that 6 days are too much.

So, a new experiment is now started where "due to technical problems" GSTR 2B will be generated on 15th.

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

Updated Return of Income (ITR U)
#IncomeTax

[Manu Consultants @manuconsultants]

josh is high😂

[Rishab Jain @rishab4r]

@akashpurohit8 @thatguyanish @cogitoiam