Western India Regional Council of
The Institute of Chartered Accountants Of India

Chairman's Communication

Chairman WIRC

Respected Members,
“The best preparation for tomorrow is doing your best today.” – H. Jackson Brown, Jr.

Keeping these words in mind, we are preparing for the upcoming legislations which have promised a wide platform of professional opportunities for all.

Knowing that businesses across India, from multi-national corporations (MNCs) to micro, small & medium enterprises (MSMEs) are gearing up for GST, we are committed to spreading this knowledge and education to members as well as students, who shall be responsible for smooth functioning and compliance going forward. I am also sure that the young and vibrant brigade of fresh Chartered Accountants will support the law makers.

We are updating awareness about GST through intensive courses, seminars and by publishing a highly insightful book on GST. All the Branches and Study Circles across the entire Region have taken commendable efforts to organise quality programs to bring members up to date on the upcoming legislations.

In the month of May, we conducted numerous seminars and group discussions on a diverse but critical range of subjects. Our sector specific interactive seminars on real estate with its focus on ReITs, RERA and impact of GST on the sector was very well received by attending members. We were proud to have Hon’ble Commissioner Service Tax Shri Shyam Raj Prasad share his insights on the issues on GST implementation and solutions to the initial bottlenecks. We assured him of complete support from ICAI and our members for GST.

Keeping our focus on GST intact, I am happy to say that we have hosted multiple programmes to ensure that all members benefit from our knowledge pool. We have organised a special GST session only for Women CAs along with a series of intensive workshops and seminars on GST. We had called upon the Regional Director of ROC, Mumbai, Shri A. K. Chaturvedi, who showed keen interest on having an internal GST seminar for officials of ROC, Mumbai. I am proud to state that not only was it organised at very short notice, we also received accolades for the same.

We hosted a Lecture Meeting on the new provisions on filing of Statement of Financial Transactions u/s 285 BAof the Income Tax Act, 1961, where Shri Jai Raj Kajla, Hon’ble Director Intelligence (I & IC) addressed members in a houseful gathering at our BKC Auditorium. Shri Kajla was all praises for our facility and arrangements in a very short time frame. We once again pledged the support of ICAI and its members to the Regulators.

As an ongoing process for continuous education we also inaugurated back ground material for GST in the form of a book which will give brief yet deep insights, useful for finance professionals across sectors. This ready reckoner will serve as an indispensable guide for GST at our finger tips, ensuring better service for our clients. I appreciate the contributions by CA. Avinash Poddar, his team and our members towards this useful publication.

Keeping our future professionals in mind, we also organised a five day GST series for students to bring awareness to them and help them get a better understanding of this revolutionary change in Indirect Taxation.

The ‘New Members Meet and Felicitation of Rank Holders’ programme was a proud day for all – the students, parents and members. We felicitated the Rank Holders and welcomed the new members into our strong family. I am sure they will be great future brand ambassadors of ICAI and always keep our flag flying high.

The International Study Tour to England and Scotland received tremendous response and is currently going very well. I am sure the attending members will benefit immensely from understanding global best practices.

The visit to our branches of Bhuj, Gandhidham, Rajkot, Nashik, Pune, Kalyan-Dombivli and Vasai as well as Study Circles was well appreciated. These regular interactions with members across the Region is ensuring that our vision to ‘Scale Up Rise Up’ is propelled in the right direction with support from Branches, Study Circles and Study Groups. As I park my pen, our activities in the past month remind me of the famous lines by Richard Branson, "If somebody offers you an amazing opportunity but you are not sure you can do it, say yes – then learn how to do it".

With Warm Regards
CA. Vishnu Agarwal
Chairman

 

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