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The Startup CA Profile picture
@mehulshahca
Sep 26, 2020 • 8 tweets • 8 min read • Read on X
Took Rs. 1380 Crore in 2017 for @Infosys_GSTN but there is no end of errors. Enough of Representations to @FinMinIndia and @Infosys_GSTN. Its time to deal the corporate way. I urge all to post one error and tag one client of @Infosys and ask them if they also get such service ?
@ICICIBank
@DeutscheBank
When @Infosys designed Softwares for you, did you also face same problems like delayed OTPs after expiry, need for customer standing in online queue while logging in and mistake in calculation,like we taxpayers face as GST penalties are calculated wrong?
@Accenture When @Infosys designs Software for you, as part of Technical support do they write "Our Team will get back to you and then leave a mystery ? #ExtendGSTR9C
There is simple requirement to allow negative figures in GSTR 3B if Sales return is more than Sales from 2017, Day 1 of GST implementation. @EY_India @Deloitte Does #Infosys take 3 years+ for such simple change when you deal with them for your needs?
No single government project where Infosys has not lost money : N R Narayana Murthy in 2015. After disaster with #MCA and #GST where honest taxpayers have lost money, now #infosys bags Rs. 4,242 Cr Income Tax Project! @nsitharamanoffc Does India not have any other IT firm ?
Back in 2014, Infosys had taken charge of the #MCA21 website @CimGOI. But since then, the MCA’s website started cracking down under its watch. Even after 5 years, payments are debited and no SRN generated. Tickets needs to be raised for refunds otherwise money is lost.
@Infosys make something wrong in coding and then it overrides the law !! Did it happen to you too @USArmy @USNavy @BankofAmerica ?
@PiyushGoyalOffc @nsitharamanoffc When @startupindia and @investindia boasts about 35000+ Innovative #Startups in India when every big Govt contract has to go to a single Company @Infosys who is clearly not able to deliver?

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More from @mehulshahca

The Startup CA Profile picture
Jan 8, 2023
It is said that the VALUE is in the eyes of the beholder so in the next 15 min, let me derive the VALUATION range for #Mamaearthipo with facts and figures.

A thread 🧵
#mamaearth became the 1st unicorn in 2022 with signs of profitability and is likely to be the 1st new age D2C Startup to have an IPO after audiotech brand #Boat withdrew its IPO plans earlier this year citing uncertain market; it is imp to understand the positioning of #Mamaearth
Although D2C Startups command a higher Valuation, approx 60% of the Sales of #mamaearth comes from third party e-commerce marketplace including Amazon, Flipkart and Nykaa
Honasa Balance Sheet shows huge Trade receivables of 141 Cr which shows that it is dependent on offline sales
Read 14 tweets
The Startup CA Profile picture
Jan 1, 2023
In every MLM scheme, you need a Product to be marketed where the early participants gains whereas the last entrants lose money and are struck

In case of #Mamaearthipo , the "shampoo" is not the Product but the "Founders" are the Product.

Lets understand the Game!

A thread(1/n)
1. The Startup has raised $126 million ( 1000 Cr ) in 8 rounds to reach at the revenue of 920 Cr.

It is like paying you Rs. 100 to buy their product of Rs. 92 Image
2. This game is for the Riches first wherein the early stage investors has to back the Startup to rope in more investors "but at higher Valuations" and it goes on while the Founders keep on paying ( burn cash) to make ppl buy their products to show growth
#Mamaearth
Read 9 tweets
The Startup CA Profile picture
Dec 12, 2022
Salient features of Code of Civil Procedures which every common citizens should know

A thread ( 1/n)
There are High Courts, District Courts and civil courts sub-ordinate thereto and Small Causes Court to which a Plaintiff can lodge his case (plaint) and the other party is called Defendent and the final decision is called DECREE which is formal expression of an adjudication.
Plaint is someone whose right is infringed and case is named "Plaintiff vs Defendent"

If case against Govt then "Plaintiff vs UOI or vs State"

The person in whose favour decision is passed will be called decree holder and other party is called judgement debtor.
Read 4 tweets
The Startup CA Profile picture
Oct 29, 2022
Suggested itinerary for #Vietnam with some hidden gems and unexplored places as per public demand!

A Thread🧵

#traveltips #travelblogger #Hanoi #hochiminhcity #Danang #HoiAn
#Flights Choose Vietjet ( book direct) or Indigo

Try both permutations
Departure: Mumbai - Hanoi
Return: Ho Chi Minh City - Mumbai
and vice versa

to get best price and timings ( so you don't land midnight and pay for 1 N more)
Internal flights: #Vietjet Danang as 3rd city
Day 1 - Hanoi
Hotels : #Lotte or #Intercontinental Westlake ( 6k pp )

Explore #Vincom Mega Mall Royal city or Vincom Mega Mall Smart city (has Kids Park for Rs. 500/-)
Spend time at lively Old Quarters Hanoi with nearly 40 streets and end the day with Coffee #TrainstreetHanoi
Read 14 tweets
The Startup CA Profile picture
Oct 25, 2022
Tips for travelling to Vietnam

A thread ( 1/n)

1. While in Hanoi, book Hotel Lotte

PS: Thank me later
2. Book Airport transfers through @KlookTravel app and surf other offers
3. Book Cabs through @GrabVN and @gojektech

Normal fare would be Rs. 200-400

#vietnam #traveltips
Read 10 tweets
The Startup CA Profile picture
Sep 15, 2022
Mar 2019, #BYJUS showcased investors that in FY21, Revenue shall be 5609 Cr and profit be 549 Cr and justified its Val at 16364 Cr

Done Revenue of only 2800 Cr and loss of 4500 Cr in FY21 but now at Valuation of 1,75,606 Cr

Startup Valuation is biggest MLM scam of this century! BYJUs Projection shown in 2019
Every #MLM needs an innovative Product.

So here comes an "An Idea + flamboyant Founders who can Pitch + a legal entity" packaged as a Product wherein an existing investor is expected to recruit new investors at higher valuation.

#BYJUS #startups #sharktankindia
The Investors are more to be blamed for this #MLM

New Age Investors are happy when their money is burnt with no resulting revenue growth because if there is enough revenue; to fund the expense means no need of follow-round

Loss is needed to validate next #Valuation
#BYJUS (3/n)
Read 5 tweets

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