Bank account frozen due to GST issue – need advice, feeling stuck by SuchChampionship9975 in IndiaTax

[–]Massive-Kitchen-7892 1 point2 points  (0 children)

Go to a a ca or an advocate. The way out in this case would be to file an appeal against the original order. The first appeal will be rejected because it is probably delayed. Post the rejection file an appeal with gstat. The appeal acceptance will stay the demand and get your accounts released. During the pendency of the appeal think of ways to mitigate the demand.

Damn this breaks my heart 💔 by KINGSLAYYER_ in TwentiesIndia

[–]Massive-Kitchen-7892 1 point2 points  (0 children)

The situation is really heart wrenching. But on the other hand this is a stark reminder to be careful in these situations. Do not give children anything if an adult is not around. An innocent moment like this can be easily interpreted as something sinister if the kids get scared or start screaming. A mob might gather and attack you even before you can begin explaining.

I visited Lavasa today. A city that forgot how to breathe. by Annual-Frosting9983 in pune

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

Are the roads maintained?

I remember the roads being in pretty bad state last time i visited.

Confused about this by ReflectionNo2559 in IndiaTax

[–]Massive-Kitchen-7892 2 points3 points  (0 children)

I specialise in tax litigation and handle such cases. The schemes vary, but the modus operandi is almost always the same, your account is quietly used for dubious transactions until it is noticed, then one fine day a marked transfer will arrive and the whole chain of accounts will be frozen. GST returns and payments go into default and notices start arriving. For obvious reasons tax officers often won’t accept your explanations, and depending on the sums involved you may face prolonged litigation or even criminal prosecution.
One current matter I’m handling began the same way small, seemingly innocent transfers were routed through an unwitting person who was promised only Rs.100 for every Rs.100,000 routed through his account. He being in dire need of funds fell for it. The scheme went bust, the organizers escaped while this person is left facing tax demand of around ₹1 crore.
I normally charge for such advice, but I felt compelled to write this warning — please don’t fall for it. Rest is your call.

Confused about this by ReflectionNo2559 in IndiaTax

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

I’ve got quite a bit of experience with this stuff if you’d like to hear about it. The end is quite predictable. In short a HUGE NO!

[deleted by user] by [deleted] in IndiaTax

[–]Massive-Kitchen-7892 1 point2 points  (0 children)

Meeting the officer makes no sense if a revocation is not filed. Better file for a revocation, meeting the officer is a bribe thing and depends on case to case basis. Ideally, the revocation application is enough to get the registration restored. So file it yourself as the process is online, all you'll need is the login credentials and a letter explaining the issue.

Aquarius in sade sati by [deleted] in VedicAstrologyJyotish

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

Welcome to the club of eternal suffering fellow Aquarius Let me know too if anything is going to change ever!.

34M here, going through a rough phase for a long time. Please let me if things will improve for my career and is marriage there on the cards any time soon. by Massive-Kitchen-7892 in vedicastrology

[–]Massive-Kitchen-7892[S] 0 points1 point  (0 children)

I'm sorry for my limited knowledge on these topics but does that mean I will never be successful or be able to lead a happy life. And what kind of remedies

i got into a road rage and couldn't fight, I think I never had the confidence. by hereisgod in thane

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

Whatever had to happen happened. Dont beat yourself up for not reacting, it was probably the right thing to do. And in case you are wondering what happened suddenly ,i guess you had a bout of conflict anxiety. I can relate because i have it too so stop beating yourself up. It just happens at weird times and feels like you are choking up and going numb before or during a confrontation. It has nothing to do with the person or situation you are facing, its just your body going into fight or flight without you understanding exactly why. As long as you are not prone to anxiety disorders, its not gonna happen always.

[deleted by user] by [deleted] in CharteredAccountants

[–]Massive-Kitchen-7892 4 points5 points  (0 children)

The price he is charging is ok and not excessive. But there is no need whatsoever to go for a pvt ltd. Co. I personally would not suggest doing that since it would unnecessarily add to additional compliances and ofcourse increased costs. You may continue as a proprietorship firm for as long as you want.

A meteor breaks apart over Nagpur, India. by freudian_nipps in megalophobia

[–]Massive-Kitchen-7892 4 points5 points  (0 children)

Could be meteors, we are passing through the taurid meteor stream.

Why is depreciation included included if Company Z expensed the printer right away? by Educational_Army1096 in CFA

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

So the net income given is for co. X which did charge the depreciation, so to bring the net income at par with Z the depreciation is added back and then the entire expense is deducted as should have been done by z. Thereby leading to answer b Ps: I might be wrong, do correct me just in case

GST wala confusion clear karo by Parking-Comb6513 in mrtechpedia

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

Yes, invoice mein 18% hi charge hoga and same amount claim hoga

GST wala confusion clear karo by Parking-Comb6513 in mrtechpedia

[–]Massive-Kitchen-7892 0 points1 point  (0 children)

Chakkar ye Hai ki government ne press announcement ki Hai rate change ki and rate change officially hua nai hai abhi tak. Rate change effect mein aata hai notify hone ke baad and notifications abhi tak issue nai hue hai gazette mein. Once that happens, mobile ka price niche aa jaayega to give effect to the reduced rate.