OFFICE BEARERS 2018-19 · OFFICE BEARERS 2018-19 MANAGING COMMITTEE 2018-19 Seated (L to R) :...

OFFICE BEARERS 2018-19

MANAGING COMMITTEE 2018-19

Seated (L to R) : S/Shri Sachin Gandhi, Past President; Mayur Parekh, Past President; Dinesh Tambde, Vice-President; Pradip Kapadia, President; Raj Shah, Hon. Treasurer; Pankaj Parekh, Past President.Standing (L to R) : S/ Shri Hemant Walkar, Pravin Shinde, Sunil Joshi, Amol Mane, Dattatray Phad, Ajay Talreja, Aalok Mehta, Hiral Shah, Dharmen Shah, Ashit Shah, Jatin Chheda, Dilip Nathani, Sunil Khushalani, Premal Gandhi, Vivekanand Rao, Aditya Seema Pradip, Aditya Surte, Mahesh Madkholkar, Vinod Mhaske.

Seated (L to R) : S/Shri Dinesh Tambde, Vice-President; Pradip Kapadia, President, Raj Shah, Hon. TreasurerStanding (L to R) : S/Shri Aalok Mehta, Jt. Secretary; Sunil Khushalani, Jt. Secretary

2nd Cover

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68th Annual ReportSagacity, Service, Solidarity Leads to Success

The Goods & Services Tax Practitioners’ Association of MaharashtraOffice : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai-400 010. Tel. : 2375 2267/68

Email : [email protected] • Website : www.gstpam.org

Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai-400 010. Tel.: 2373 7153

Library : Suburban GST Bhavan, Ground Floor, A Wing, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051

68th ANNUAL REPORT(Report for the year 2018-19)

GSTPAM

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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success

Notice ----------------------------------------- 3

Highlights of the Year --------------------- 4

Annual Report ------------------------------ 7

Auditor’s Report ---------------------------57

Balance Sheet -----------------------------59

Income & Expenditure A/c --------------62

Schedules-----------------------------------66

Annexures ----------------------------------78

Significant Accounting Policies --------92

CONTENTS

The Goods & Services Tax Practitioners’ Association of Maharashtra

Office : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai-400 010. Tel. : 2375 2267/68 E-mail : [email protected] • Website : www.gstpam.org

Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai-400 010. Tel.: 2373 7153

Library : Suburban GST Bhavan, Ground Floor, A Wing, Bandra-Kurla Complex, Bandra (East), Mumbai-400 051

Preponement of 68th Annual General Meeting NOTICE

In Continuation of the 68th Annual General Meeting Notice dated 23rd April, 2019 all the Members are hereby informed that the time of the Annual General Meeting to be held on 19th July, 2019 is preponed and changed from 5.00 P.M to 3.00 P.M. The Venue and Agenda remain the same.

Place : Mumbai Dated : 24th June, 2019 Aalok Mehta

Sunil Khushalani Hon. Jt. Secretaries

GSTPAM

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Office : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai - 400 010. Tel. : 2375 2267/68 E-mail : [email protected] • Website : www.gstpam.org

Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai–400 010. Tel.: 2373 7153

Library : Suburban GST Bhavan, Ground Floor, A Wing, Bandra-Kurla Complex, Bandra (East), Mumbai–400 051.

68th Annual General MeetingNOTICE TO MEMBERS

NOTICE is hereby given to all the members of the Association that the 68th ANNUAL GENERAL MEETING of the Members will be held on Friday 19th July, 2019 at 5.00 p.m. at the GSTPAM Association Library Hall, Room No.104, 1st Floor, GST Bhavan, Mazgaon, Mumbai–400010, to consider the following agenda :—

AGENDA1. To read and confirm the minutes of the last Annual General Meeting held on

20th July, 2018.

2. To receive and adopt the Audited Statement of Accounts of the Association, ‘Sales Tax/GST Review’ and ‘Books and Bulletin’ for the year ended 31st March, 2019 and the Balance Sheet as on that date and to receive and adopt the Annual Report of the Managing Committee for the year 2018-19. (A copy of the report and accounts would be sent separately).

3. To appoint an auditor for the year ending 31st March, 2020 and fix his honorarium.

4. To receive the report of the Chief Election Officer and declare the results of the Election.

5. To transact any other business that may be brought with the permission of the Chair.

Place : Mumbai Aalok MehtaDated : 23rd April, 2019 Sunil Khushalani Hon. Jt. Secretaries

Resolution : Any member desiring to move any resolution, other than alterations in the Articles of the Constitution of The Goods & Services Tax Practitioners’ Association of Maharashtra, in the General Meeting, should send the same duly proposed by a member and seconded by another member so as to reach the office of Association, latest by 24th June, 2019.

Note : Any member desiring to seek any information on the Accounts may do so at least 3 days in advance in writing so as to enable the committee to reply to the same to the satisfaction of the member concerned.

GSTPAM

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Highlights of the year

1. Our Association has been the only Tax Practicing Association appointed on Regional Advisory Board, CGST and Central Excise Zone-1 Mumbai with other Trade Organization.

2. Our Association has been taken on the Advisory Committee of Maharashtra Law University Mumbai.

3. Strong representations made to the Prime Ministers Office, GST Council, Hon’ble Finance Minister, India, Hon’ble Finance Minister, Maharashtra State; Hon’ble Commissioners of State and Central GST on various issues in implementation of GST.

4. Regularly making submissions and representations on various issues in VAT and GST Administration in several Service Cell Meetings held by the Hon’ble Commissioner of State GST and RAC Meetings held by the chief Commissioner CGST.

5. GSTPAM submitted representation and personally met Hon’ble Shri Piyush Goyal the then Finance Minister of India at Y. B. Chauhan Auditorium, Mumbai in an Interactive meeting held with the members of Trade, Industry & Professional Associations to discuss various issues under GST.

6. Continued the activity of WhatsApp group which has been formed with Hon’ble Commissioner of State GST and other Departmental Authorities wherein the day-to-day issues in filing of the returns are communicated to the group and which are further forwarded to the GSTN Portal IT committee. The restricted group also includes representatives from GSTPAM and one representative each from various districts in Maharashtra.

7. All forthcoming events and photos were uploaded on GSTPAM Facebook Page which is having more than 3948 followers.

8. 253 Videos of Presentation made by the Learned Faculties at various seminars, events organized by GSTPAM were uploaded on GSTPAM YouTube Channel.

9. Live Webcast of various 9 Study Circle Meetings/4 Mega Guidance Cell Meetings across all the districts of Maharashtra.

10. This year 4 webinars were conducted on various Topics under Direct and Indirect Taxes.

11. Topic-wise and Industry-wise 5 Short Publications on GST were Published.

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12. 21 sessions of Intensive Study Circle Meetings were conducted during the year.

13. Sales Tax Review was renamed as GST Review and effective use of the same was made for communication with the GST Department and business community.

14. Regularly Monthly Publication of GSTPAM News Bulletin for Members containing Circulars, Short Notes on Tribunal Judgment, Important Judgments on Income Tax and Allied Laws, use of Excel for office use and other information regarding programmes organised by the Association, Renewal of Membership etc.

15. 4 Mega Guidance Cell meetings at Mazgaon Library by Department Authorities.

16. Workshop on GST with Brains’ Trust Session jointly organised with AIFTP (WZ), CTC, BCAS, MCTC and WIRC of ICAI with 231 delegates and Live Streaming with 91 Participants.

17. 43rd Residential Refresher Course at Hotel Accord Puducherry with 126 participants. The delegates had a unique experience of meeting and interacting with Hon’ble Chief Minister of Puducherry Shri Narayanasamy.

18. 18th International Study Tour at South Africa with a Record 79 Participants conducted, organised and operated by Gem Tours and Travels.

19. 13 Outstation seminars held at various districts of Maharashtra during the year.

20. Coaching Class & Mock Tribunal with record 149 participants held for the benefit of new as well as experienced members with a view to explain the basics of GST, VAT, CST and Profession tax.

21. Half Day Seminar on GST on 17th October, 2018 at Mysore Association Auditorium, Matunga (E) with record 374 participants.

22. Full day seminar on 5th April, 2019 at Swantantrya Veer Savarkar Auditorium, Dadar with record number of 517 Participants which was inaugurated by Principal Chief Commissioner CGST Smt. Sungita Sharma.

23. Half day Seminar on GST on 23rd April, 2019 at Mazgaon Library with 143 Participants.

24. Workshop of GST conducted at Mazgaon Library on 28th, 30th August, 2018 and 4th September, 2018.

25. 2 day NRRC was organized at Thane which was inaugurated by Hon Justice of High Court, Mumbai Shri Abhay S. Oka.

26. Triangular Box Cricket Tournament was conducted at Kandivali jointly with CTC & MCTC, wherein Team MCTC won the Tournament.

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27. Musical Program on ‘Sham-e-Gazal’ organized on the occasion of Diwali Get-together and Foundation Day of the Association and on this occasion Past President from 2010-2011 onwards and Editors and Associated Editors from 2012-2013 were felicitated.

28. Lecture Meeting organized on Cyber Security for Tax Practitioners by Mr. Sachin Dedhia under the auspices of Late Shri Arvind Thakkar Memorial Lecture.

29. GSTPAM Referencers (2018-2019) were presented to Mr. Nitin Gadkari Hon Union Minister of Road Transport, Highways, Mr. Piyush Goyal Hon Union Minister of Railways and Commerce in Government of India and to Mr. Prakash Kumar GSTN CEO.

30. The new updated App named GSTPAM was launched on 14th June, 2019 at the gracious hands of our Past President Shri Sachin Gandhi.

31. This Year various WhatsApp Groups for Members have been created on which various activities and details of programmes were shared to all the members.

32. 21st NRRC was conducted on 10th July, 2019 at Swantantrya Veer Savarkar Auditorium, Dadar with participation of 263 Delegates.

33. 2019-2020 GSTPAM Referencer was released on 10th July, 2019 at the gracious hands of Mr. Deepak Thakkar and Mr. Ratan Samal.

34. GSTPAM Members were invited for celebration for GST Day on 1st July, 2019 in the August presence of Hon. Finance Minister of State, Principal Chief Commissioner of CGST, Commissioner of SGST, Maharashtra State and Chief Commissioner of CGST, Mumbai Zone.

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68th Annual Report(Report for the year 2018-19)

We have pleasure in presenting the 68th Annual Report of the activities of the Association during the period 2018-19 along with the Audited Statement of Accounts and Balance Sheet as on 31-3-2019.

1. Election for the year 2018-19

At the 67th Annual General Meeting held on 20th July, 2018, Shri J. D. Rawal, Chief Election Officer informed the members present that the election was not required for the year 2018-19. He announced the names of the Office Bearers and Managing Committee members who were elected. The baton of the Presidentship was entrusted to the experienced and dedicated member of the Association, CA Pradip R. Kapadia.

2. Election Committee

Elections are an important aspect of democratic functioning of any organisation. Under Article 17(1) of the Constitution of our Association, an Election Committee was formed to conduct elections for the post of Office Bearers and the members of the Managing Committee for the year 2019-20. The Committee was headed by our Past President, Shri J. D. Rawal as Chief Election Officer.

3. Managing Committee

At the first meeting of the Managing Committee Shri Mayur Parekh, Shri Pankaj Parekh, and Shri Mahesh Madkholkar were unanimously co-opted as the members of the Managing Committee for the year 2018-19. With their wealth of experience in the functioning of the Association, they guided the members of the Managing Committee and the Office Bearers in the day-to-day issues arising before them.

The members of the Managing Committee for the year 2018-19 comprising young, enthusiastic and dynamic members performed their functions with great zeal throughout the year. During the year, 12 meetings of the Managing Committee were held. The details of attendance are given in Annexure “B’’.

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4. Law and Representation Committee-VAT

The Law and Representation Committee of the GSTPAM (erstwhile known as The Sales Tax Practitioners’ Association of Maharashtra), has the honourable task of representing around 3,500 members from all across the State of Maharashtra. Year 2018 was the year of major tectonic change in the field of Indirect Taxation. Several indirect taxes having diverse point of levies along with varied tax rates merged into a single Law colloquially called Goods & Services Tax Act (GST). The aim of undertaking such a massive transformation in the field of Indirect Taxation was to bring about uniformity and curtail the cascading effect of taxes which was the case under the earlier regime. The primary role of this Committee is to represent the legal and practical issues which are faced by the practitioners as well as the businesses during the implementation of the GST Act, VAT, Service Tax and allied law.

The issues in relation to GST continued unabated despite several stop gap arrangements. That being said as usual, the issues under the earlier laws as well were very much live and constantly affecting several tax practitioners and the businesses alike.

During the VAT regime, the Commissioner of Sales Tax was considered to be an authority and the best point of contact to point out issues. After GST, there are several authorities including the Central, State, and GST Council that now need to be approached. It is in the light of such issues that the role of this Committee to act as an effective bridge between the State and Central Departments and the practitioners became extremely crucial and challenging task.

The Committee worked tirelessly to further enhance the reputation of GSTPA in its role as the prime association representing indirect tax practitioners in the whole of Maharashtra. During the year, the Committee held frequent meetings with the several power centres which were created due to the uniqueness of the GST administration.

The Committee also frequently undertook oral as well as written representations with the Prime Ministers Office, GST Council, Hon’ble Finance Minister, Commissioner of GST (State & Centre) and several other authorities. It must be noted here that while the entire spectrum of issues ranging from a completely complex GSTR9 and 9A, ITC, inefficient network, impractical deadlines for

Pradip Kapadia Chairman

Aditya S. Surte Jt. Convenor

Parth Badheka Jt. Convenor

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filing returns, e way bills, GSTR-1, 3B, credit notes, etc to completely clueless administration, were addressed regularly; the issues in relation to the pending matters of the previous laws were also represented from time to time.

The Committee also held several academic seminars and study circle meetings to make the practitioners aware of the new provisions and to provide them assistance in their practice by further enhancing their knowledge on the new Act. The Committee in synergy with the Website Committee also arranged to broadcast the meetings on line so as to expand the reach of such knowledge dissemination programs.

The Committee has also introduced a novel feature on the website, where issues faced by any one can be uploaded along with screen shots. We urge the practitioners to use the facility to the fullest. Will be helpful to the future committees in finalizing general issues which can be represented.

This year the Committee evolved its approach and slightly modified the strategy of representation to make it more impactful and efficient. We had decided to adopt a more qualitative approach and hence we ensured that instead of being numerous, every representation covers multiple issues along with suggestions for improvement wherever possible. This was done in order to counter the sense of complacency which was creeping in the Department due to receipt of numerous representations.

Following are the major representations by the Committee, for the sake of brevity we are not including the number of physical follow ups, emails, and such other relevant discussions with the departmental officers:

Sr. No.

Authority Date Issues discussed in brief

1 Commissioner CGST (Maharashtra)

6-8-2018 This happened to be the first representation on the new proposed return formats by any association. We were briefed by the Departmental officers about the proposed new returns almost a year before the first draft was introduced. Detailed representation and suggestions were given provided to factor in an easy switch from the woefully complex and inadequate 3B and GSTR 1, 2, 3 regime.

2 Commissioner of State Tax, Maharashtra State

6-8-2018 Same as above

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Sr. No.


3 GST Council, Secretariat, New Delhi


4 Hon’ble Finance Minister, New Delhi


5 Mr. Akshat Vyas, National Action Committee of GST Professionals Ahmedabad, Gujrat

2-9-2018 Letter of support given to NAC of GST Professionals, pledging to support their endeavours in providing equal rights to GSTPs and assist them with academic and administrative support.

5 The Commissioner of State Tax

17-9-2018 Urgent letter to enable facility to revise J1 in the new migrated VAT system and to allow filing of VAT Audit report on the website. The new Audit report was not being uploaded till then.

6 The Commissioner of State Tax

27-9-2018 Department was intimated about the issues in relation to issues in 501 and last minute extensions of 3B dates especially due to system errors. The practice of levying late fees for return filing when a system was inefficient was deprecated.

7 Additional Commissioner, PCCO, GST & CX Office of the Principal Chief Commissioner, President, GSTPM

9-10-2018 This was the Regional Advisory Committee of the Central GST Department, where several issues were discussed and a detailed written submission in relation to time limit for rectification of error or omission in GST returns must coincide with filing of annual return and GST Audit and several issues relating to compliance.

8 Commissioner of State Tax 9-10-2018 Suggestions with respect to circular 24T of 2018 and timely extension of certain deadlines under GST

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Sr. No.


9 The Commissioner of State Tax Maharashtra State

31-12-2018 Representation on several issues with regarding to Tran-1 notices which were being issued and impractical verification proceedings were being threatened.

10 The Finance Minister Maharashtra State


11 The Commissioner of State Tax (GST)

1-1-2019 Technical problems with regards uploading of returns and audit report on MahaGST portal were discussed.

12 The Principal Secretary, Finance, Maharashtra State Mantralaya

2-1-2019 Timely extension of date of filing of Audit Report due to several compliance issues faced by the trade and practitioners and also the fact that the upload of Audit Report was enabled very late on the mahagst portal

13 The Finance Minister, Mantralaya, Maharashtra State


14 The Chief Commissioner, CGST & Central Excise

9-1-2019 Suggestion to allow adjustment of credit notes beyond September 2018 and several issues in relation to GSTR 9 and 9A were discussed

15 Commissioner of State Tax, Maharashtra State

21-2-2019 Service Cell meeting, where detailed issues with regards to the newly introduced GSTR-9 and 9A were introduced.

16 Finance Minister, Maharashtra State

25-2-2019 Urgent request for extension of Audit Report in Form 704, since the website was unresponsive.

17 Commissioner of State Tax Maharashtra State


18 Extension of physical submission

5-3-2019 Extension in due date for physical submission of Acknowledgment of Form 704 & Statement of Submission for F.Y. 2017-18

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Sr. No.


19 Commissioner of State Tax, Maharashtra

1-4-2019 Several issues in relation to the Maha Amnesty Scheme 2019 were discussed and the Commissioner agreed to issue a clarificatory circular.

20 The Chief Commissioner, CGST & Central Excise

10-4-2019 Third RAC meeting wherein issues in relation to amendments to 49 and 49A, Payment of interest u/s 50 CGST, e-way bills, credit notes, portal issues, ITC etc were discussed in detail.

21 Shri Sadashiv S. Deshmukh Director Maharashtra National Law University, Mumbai

29-4-2019 President visited on behalf of the association on invitation by the Director of the esteemed institute.

The Committee also organised various study circle meetings on live topics which was also webcast for the benefit of the members.

LIST OF STUDY CIRCLE MEETINGS HELD DURING THE YEAR 2018-19

Sr. No.

Date of the Meeting

Topic Speaker

1 13-8-2018 Concepts of Composite & Mixed Supply under GST vis-à-vis Judicial Pronouncements

Shri Parind Mehta

2 16-11-2018 Issues in Works Contract under GST Shri Mayur Parekh

3 4-12-2018 Annual Returns under GST Shri Ashit Shah

4 14-12-2018 Issues in Import, Export and transactions with SEZ units

Shri Ratan Samal

5 4-1-2019 Current issues in relation to TRAN-1 verification

Shri Parth Badheka

6 13-2-2019 Recent Amendments in GST Act w.e.f. 1-2-2019 & their impact

Shri Deepak Thakkar

7 15-3-2019 Amnesty Scheme, 2019 Shri Subhash Surte

8 14-6-2019 Requirements, Precautions and guidelines for filing GST-9

Shri Dharmen Shah

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Sr. No.

Date of the Meeting

Topic Speaker

9 18-7-2019 (Proposed)

Budget Proposals in Indirect and Direct Taxes

Shri Deepak Thakkar

Certain Achievements

1. First association to represent issues in relation to the proposed new returns in August 2018. This was done with great co-operation from the State Tax who had suo motu approached our association and given a detailed presentation to discuss the issues. Certain suggestions are infact incorporated in the latest version of the proposed new returns

2. Extensions of due date for filing VAT Audit Report.

3. GSTPAM is now a regular invitee to Central Tax Department outreach programs like Regional Advisory Committee meetings wherein our associations suggestions and constructive feedback is well appreciated.

4. Noticeable reduction in the incessant notices in 603 being sent for Tran-1 verification and a more practical approach to verification is followed.

5. Association is also invited to several other Central Departments like NACIN for receiving feedback on various GST Issues.

6. Due dates of filing returns under GST are extended whenever there are technical glitches

7. Reversal of levy of late filing fees while filing returns under GST due to technical glitches;

8. Clarificatory circular on Amnesty Scheme 2019 is expected soon, as promised by the Commissioner of State Tax.

5. Journal Committee

Our prestigious publication Sales Tax Review, a monthly Journal and mouthpiece of members was published uninterruptedly, every month under the able Editorship of Shri Vikram Mehta and Associate Editor Shri Dhaval B. Talati along with the guidance and support of Pranav Kapadia

ChairmanBhaven Mehta Jt. Convenor

Dilip Nathani Jt. Convenor

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the Editorial Board comprising Shri S. S. Gaitonde, Shri P. V. Surte, Shri P. C. Joshi, Shri R. S. Pathak, Shri C. B. Thakar, Shri D. H. Joshi, Smt. Nikita Badheka, Shri Vinayak Patkar, Shri Pravin Shah, Shri Ashvin A. Acharya and Smt. Sujata Rangnekar. For the term of F.Y. 2018-19, Shri Vikram Mehta as Chief Editor and Shri Dhaval B. Talati as Associate Editor of the Sales Tax Review have rendered their esteemed services.

Last year our Association has welcomed the new law named “Goods & Services Tax (GST)” and changed its name from “STPAM” to “GSTPAM” and now this year a new milestone. The name of our esteemed Journal was also changed from “THE SALES TAX REVIEW” to “GST REVIEW”. We were fortunate to have registered our title “GST REVIEW” with the RNI authorities. We have been publishing STR from 1955 to January 2019 and it was published with this new name from February 2019 Journal with cover page titled as “Every End has a New Beginning....” which reflects the Journey from STR to GSTR. The process started in July 2018 when immediate past president Shri Pranav Kapadia began the title formalities and concluding formalities of RNI Registration and Concessional Postal Certificate formalities were concluded under the leadership of President Shri Pradip Kapadia. The entire process took almost 6 months and the efforts of entire team have paid off.

The new law is still evolving, our members are required to be well equipped with knowledge of GST. Articles of prime importance on burning topics of “GST Law” were regularly published in the review. To understand the GST act in simple way, various other articles in relation to recent notifications and amendments, various issues in implementation of GST and its impact on various Industries as well as challenges to professionals were also published.

The journal also included various columns like GST Updates, Do you know?, Replies to Queries, Representation & Response, Important Judgments, Income Tax Updates, Gist of case laws, gist of DDQ’s/AAR’s, recent Notifications & Circulars under CGST, SGST & IGST, recent amendments, Tax Digest, articles on Real Estate Industry, Taxation Scheme for Service Providers, Amnesty Scheme under various laws governed by state, OTPT under Profession Tax, From the Courts, Advance Ruling, Association news etc.. The journal continues to be a constant companion of tax practitioners.

The Journal Committee was headed by Shri Pranav Kapadia as the Chairman and Shri Dilip V. Nathani and Shri Bhaven Mehta as the Jt. Convenors. The Committee rendered valuable assistance in the publication of the GST Review.

We place on record our grateful thanks to the Editor, Associate Editor, the Editorial Board and all the column writers and contributors of articles for their valuable

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efforts in sharing their knowledge and experience throughout the year and making the Journal a real companion, for updating the knowledge of our members.

6. Library Committee

Association’s utmost priority is to provide the members with the latest publications and material on the subjects of various tax laws. The libraries situated at the GST Bhavan, Mazgaon and Suburban GST Bhavan, Bandra cater to this important requirement.

The library committee was formed under the chairmanship of Shri Raj P. Shah and Convenor Shri Dattatray V. Phad.

Both the libraries were updated with latest books, Newsletters and Journals The Library Committee, looking into the modern trends of webinars, live streaming etc.,

“TAXMAN” software licence at Mazgaon Library is maintained to update the members with latest judgments, Amendments/Circulars/Notifications on GST, VAT, Income Tax, Service Tax and Excise Laws.

The Library Committee has installed mobile chargers in the inner and outer sections of the library for the benefit of the members.

Various meetings like Mega Guidance, Coaching Class, Study Circles etc. were held/conducted successfully during the year in the library.

7. Coaching Class Committee

Coaching Class is an important activity of the Association to provide training to new entrants in the profession through series of interactive sessions addressed by experienced members of our Association. 33rd batch of Coaching Class was organized under the able Chairmanship of our Hon. Treasurer Shri Raj Shah and Jt. Conveners Shri Jatin Chheda and Shri Hiral Shah at our Association’s library at Mazgaon. This year, the coaching class lectures were focused more on topics of the GST

Raj Shah Chairman

Dattatray Phad Convenor

Raj Shah Chairman

Jatin Chheda Jt. Convenor

Hiral Shah Jt. Convenor

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law along with lectures covering practical aspects of VAT, CST and Profession Tax. The total number of participants was 149 which is double the participants compare to last year, participants consisted of new entrants in the practice of taxation, students who were pursuing professional courses and considerably of the practicing professionals. This batch of Coaching Class was inaugurated by our Past President Shri Mayur Parekh on 26th November, 2018 and total 23 lectures on GST, VAT, CST and Profession Tax were conducted during the course. The classes were successfully completed in a span of 12 days.

Mock Tribunal was organized by the Committee at GSTPAM Library Mazgaon where in the students of the coaching classes and Members of association have actively participated as Appellants and Defendants. Mock Tribunal was inaugurated by Past President Shri Deepak Bapat and Smt. Sujata Rangnekar who also chaired the session as Jury Members and guided the participants.

33rd Batch of Coaching Class Schedule for F.Y. 2018-19

Date Day Topics Speaker

26-11-2018 Monday Overview of GST Shri Mayur Parekh

Important Definitions under GST Shri Bharat Gosar

28-11-2018 Wednesday Registration under GST Act Shri Dilip Nathani

Levy and Scope of Supply (including Exemptions under GST)

Shri Avinash Lalvani

30-11-2018 Friday Time of Supply under GST Mrs. Deepali Mehta

Value of Supply under GST Shri Bhaven Mehta

3-12-2018

Monday

Place of Supply of Goods under GST

Shri Parth Badheka

Place of Supply of Services under GST

Shri Umang Talati

5-12-2018

Wednesday

Composition Scheme and Reverse Charge under GST

Shri Anvesh Vakharia

Composite and Mixed Supply Shri Milind Bhonde

7-12-2018

Friday

ITC and Refund under GSTShri Aditya Surte

TDS & TCS

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Date Day Topics Speaker

10-12-2018

Monday

Imports under GSTShri Hemang Shah Exports & Supply to SEZ under

GST

12-12-2018

Wednesday

Type of Invoices, Credit / Debit Notes and Maintenance of Accounts under GST

Shri Sachin Gandhi

E-Way Bill Shri Gaurav Parekh

15-12-2018

Saturday

Returns and Payment of Taxes under GST

Mrs. Sonali Bapat

Audit under GST Shri Hiral Shah

17-12-2018 Monday Assessments, Appeals & Penalties under GST

Shri Dinesh Tambde

19-12-2018

Wednesday

Basic Concepts of MVAT Dr. Shashank Dhond

Assessments and Appeals under MVAT & CST Act

Shri Vijay Shroff

21-12-2018

Friday

Audit Report under MVAT Act Shri Bhaven Mehta

Overview of Profession Tax Shri D. V. Phad

26-12-2018 Wednesday Mock Tribunal

8. Accounting and Office Administration Committee

The Committee was headed by President Shri Pradip Kapadia as Chairman and Shri Pravin Shinde jointly with Shri Prashant Vora as Convenor. The day-to- day issues of Office Administration have been attended by the Committee members regularly along with proper guidance given to office staff as and when required which in turn results into smooth functioning of work of our office.

The duties of the existing staff have been reorganized so as to increase work efficiency among the staff. The rotations of duty of staffs were also carried out during the year. The Committee has taken reports containing details of work completed and work pending from staff on regular basis. Implementation of surprise checks and various check lists have increased efficiency of the staff.

Pradip Kapadia Chairman

Pravin Shinde Jt. Convenor

Prashant Vora Jt. Convenor

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We place on record our appreciation to the members of this Committee as well as to our office staff who were instrumental in smooth functioning of the activities of the association & service provided to the members of the association.

9. Mega Guidance Cell Committee

Under the Chairmanship of Vice- President Shri Dinesh Tambde and Joint Convenorship of Shri Vinod K. Mhaske & Shri Vivekanand Rao, 4 Guidance Cell Meetings on various topics were conducted during the year 2018-19. Queries raised by the participant members were answered by the Panel Members / departmental authorities in detail who expressed their views and experience on the subject matter. The first Mega Guidance Cell Meeting was inaugurated by Shri Pradip Kapadia, President GSTPAM on 11th September, 2018.

It was the first time that GSTPAM had invited the Departmental Authorities from Customs, Central Excise and State Tax Department together. It was unique session on refund issues where all the three Departmental Authorities guided the participants at a time. Every time when Mega Guidance meeting was held, we had invited specific queries/questions from members and the said queries/questions compiled together and forwarded to the Departmental Authorities for their consideration. This must have helped members to reach their queries to the Departmental Authorities and to resolve the same as far as possible.

The Mega Guidance Cell Meetings were organized with live coverage/Live Streaming, so that members all over Maharashtra would be able to take benefit of these meetings. The regional centers played great role in arranging the live streaming at their places, so that members in respective regions would take benefit.

Dinesh Tambde Chairman

Vivekanand Rao Jt. Convenor

Vinod Mhaske Jt. Convenor

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The details of Mega Guidance Cell Meetings held during the period

Sr. No.

Date Topic Speaker

1 11th September, 2018

Transaction of Supply to SEZ & Export and Refund thereof

1. Shri Durgesh Salunkhe, Deputy Commissioner of CGST

2. Shri Appasahab Gorde, Deputy Commissioner of SGST

3. Shri Rahul Raichur, Assistant Commissioner of Custom

4. Shri Rahul Saraf, Assistant Commissioner of CGST

2 5th October, 2018

Issues in Professional Tax Compliance.

1. Shri C. M. Kamble, Add.CST of Professional Tax

2. Shri Nitin Shaligram, Joint Commissioner of State Tax HQ.4

3. Shri Dr. David Alvarez, Joint Commissioner of Professional Tax

4. Shri Narayan Paithankar, Assistant Commissioner of Professional Tax

5. Shri Pravin Chavan, Co-Module leader Professional Tax

20


3 8th January, 2019

Issues relating to compliance of Form 704 VAT Report, PT Return and e-CST.

1. Shri Chandrakant Kumbhare, Deputy Commissioner of State Tax

2. Shri D. B. Pawar, Deputy Commissioner of State Tax

3. Shri Nilesh Pawar, Deputy Commissioner of State Tax

4. Shri Padavi Vilas, Deputy Commissioner of State Tax

5. Shri R. N. Kurne, Deputy Commissioner of state Tax

6. Shri Harshad kuwar, Assistant Commissioner of State Tax

7. Shri Nitin Shaligram, Joint. Commissioner of State Tax

8. Shri Girish Nehete, Joint Commissioner of State Tax

9. Shri Pravin Chavan, Sales Tax Officer

10. Shri Raghunath Kondhe, Sales Tax Officer

4 6th May, 2019 Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Scheme, 2019.

1. Shri Omprakash Bangadiya, Addl Commissioner of State Tax

2. Shri Shriram H. Umale, Joint Commissioner of State Tax

3. Shri Appasaheb Gorde, Dy. Commissioner of State Tax.

The Mega Guidance Cell Meetings were attended by large number of members at the Library and also the members have taken benefit of live streaming.

We are thankful to the Office bearer of each of the regional centers who have taken great effort in arranging the live streaming. We are also thankful to Chairman

21


of our Committee Shri Dinesh Tambde and our President Shri Pradip Kapadia for giving their continuous guidance and boosting our moral to organize Mega Guidance Cell meeting for the benefit of our members. We are thankful to all committee members for their continuous support.

10. Intensive Study Circle Committee

The introduction of “Goods and Services Tax Act (GST)”, the biggest Indirect tax reforms in India after Independence, is now Two year old baby and it has many teething issues that are still coming up as the Government is also in the phase of trying and learning stage so frequent changes are coming up as one just started learning what was proposed mean time another notification/changes comes up and therefore our members are required to be well equipped with knowledge GST Law and the GST portal at many times is not in conformity with what is mentioned in the law as a result either we have to follow it and also pursue with the GST Council etc.

We all are aware about the practical difficulties we face while implementing and applying the rules and procedures of the GST Acts during our discussion with the clients or during the compliances. With the view to update our fellow members on the latest development in law and to discuss the practical issues arising there from, our association has been regularly conducting Intensive Study Circle meetings. The Intensive Study Circle, is designed to enable the members to study and discuss various issues under GST Law. The entire sessions were design to cover right almost all the issues in provisions of the Law including GST Audit.

At the intensive Study Circle, one of the members acts as a group leader and leads the discussion on issues of the relevant subject and one of the senior in the profession, monitors the discussion. The meetings are generally arranged on 1st and 3rd Saturday of the month (working Saturdays of GST Department), during 10.30 a.m. to 1.00 p.m. at Mazgaon Library. However, this time we have scheduled some meetings of intensive study circle even in week days, to provide benefit of more meetings and more discussion on subjects, in the intensive.

The Intensive Study Circle is generally inaugurates on Saturday, 1st day of October at Mazgaon Library but this time keeping in mind the new GST law the same was inaugurated on Saturday, 1st September, 2018 at Mazgaon Library at the hands of

Sonali Bapat Jt. Convenor

Aalok Mehta Chairman

Dilip Nathani Jt. Convenor

22


President, Immediate Past President and other dignitaries. The Group Leader was Shri Dharmen Shah and Shri Pranav Kapadia acted as the Monitor of the first session.

The Intensive Study Circle Committee was headed by our Jt. Secretary Shri Aalok Mehta as a Chairman with the Joint Convenors Dilip V. Nathani and Mrs. Sonali Bapat. Total 21 meetings are scheduled starting from 1st September, 2018 and ending on 12th July, 2019. Total 115 participants had enrolled for the Intensive Study Circle meetings. This time the conveners were in regular touch with the participants through e-mails and messages and were updating them about the meetings and at the endeavour’s of the convenors, the study materials were mostly made available to the participants in advance before the start of every meeting.

We express our sincere gratitude to all the monitors and group leaders for providing their insights on various provisions under the GST Law. We are also thankful to the participants for their enthusiasm and zeal for intense study and interactive meetings.

SCHEDULE FOR INTENSIVE STUDY CIRCLE 2018-19 ISSUES UNDER GST

Sr. No.

Date Topic Group Leader Chairman/Monitor

1 1st September, 2018

Finalisation of Accounts & its Impact of GST on New 3CD Form Under Income-tax Act

Shri Dharmen Shah

Shri Pranav Kapadia


Impact of Various AAR under GST w.r.t. Recent Amendments under GST Law

Shri Aditya Surte

Shri Ratan Samal

3 4th October, 2018

Issues in Input Tax Credit & Inverted Duty Structure Under GST

Shri Parth Badheka

Mrs. Sujata Rangnekar

4 16th October, 2018

Practical Aspects of New Annual Returns under GST

Mrs. Deepali Mehta

Shri Janak Vaghani

5 2nd November, 2018

GST Impact on Cross Border transactions including Refund

Shri Umang Rajat Talati

Shri Ashit Shah

6 17th November, 2018

Issues under Works Contract and Real Estate Sector

Shri Ankit Chande

Shri Naresh Sheth

7 6th December, 2018

Issues in Hospitality & Entertainment Industries

Shri Monarch Bhatt

Shri S. S. Gupta

23


Sr. No.

Date Topic Group Leader Chairman/Monitor

8 20th December, 2018

Interest & Penalty under GST Act

Shri Aditya Seema Pradeep

Mrs. Nikita Badheka

9 1st January, 2019

Issues in Supply WRT Composite & Mixed Supply Under GST Act

Shri Ishaan Patkar

Shri Rajat Talati

10 19th January, 2019

Issues in Classification of Goods & Services

Shri Rahul Thakkar

Shri Kiran Garkar

11 8th February, 2019

Issues in GST Audit Shri Jinit Shah

Shri Deepak Thakkar


Issues in Time of Supply w.r.t. Goods & Services

Shri Hemang Shah

Shri Ashit Shah

13 2nd March, 2019

Issues in Hospitality & Entertainment Industries (Session II)

Shri Monarch Bhatt

Shri Dhaval Talati

14 16th March, 2019

Issues in Valuation of Goods & Services

Shri Krunal Davda

Shri Parind Mehta

15 15th April, 2019

Issues in Recent Amnesty Scheme

Shri Bhaven Mehta

Shri Dinesh Tambde

16 26th April, 2019

Issues in Job Works, Repairs, Replacement & Warranty Transactions under GST

Shri Amar Shukla

Shri Kantilal Jain

17 5th May, 2019 Issues in e-Way Bills under GST Law

Shri Kinchit Shah

Shri Bharat Gosar

18 1st June, 2019 Issues Under Place of Supply of Services (Covers CGST, SGST, IGST)

Shri Sumit Jhunjhunwala

Shri Vikram Mehta

19 15th June, 2019 Issues Under Place of Supply Of Goods (Covers CGST, SGST, IGST)

Shri Vinod Mhaske

Shri C. B. Thakar

20 12th July, 2019

Proposed

1. Practical solutions of GSTR-9 and if time permits

2. Statutory Update (Jan 19-July 19).

Shri Nishchaiy Bajaj

Shri Deepak Thakkar

21

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11. Referencer Committee Parts A, B & C

The GSTPAM Referencer book has become iconic for any indirect tax practitioner practicing in Indirect taxes. It works as a Lighthouse for those who are searching for the right direction to reach the perfect destination. The practitioners feel pride to have such a book in their esteemed library so that all staff, articles as well as principals can refer for their day to day requirements in Indirect taxes. This year’s Committee was headed by Hon. Secretary Shri Sunil Khushalani as a Chairman along with Shri Premal Gandhi & Shri Mahesh Madkholkar as Joint Convenors.

This year our theme is “TRANSFORMATION LEADS TO NATION BUILDING” for “REFERENCER 2019-20”. This year also, the Committee has decided to publish combined Referencer for VAT Act, GST Act & Other allied Indirect Tax Laws. We are confident that the members will be much benefited by this inclusive nature of Referencer for Indirect Taxes.

Along with the Referencer 2019-20 a complementary e-Compilation of GST Acts, Rules, Notifications, Circulars, Press Releases and Chapter wise GST rates with hyperlink to the relevant Notifications will also be provided to the subscribers on our website www.gstpam.org. The Referencer and e-Compilation’s viewing will be password protected and will serve as a Digital Knowledge Bank.

During the year, our Association has published it’s Second Referencer on GST. The GST Referencer 2018-19 contains Explanation on various provisions of GST Law in a lucid manner by various experts, Gist of Circulars, Notifications, Orders, Press Releases issued under GST Law till 15-06-2018, Gist of important Judgments issued under GST, Alphabetical Index of Rate Schedule of Goods indicating the changes in rates, Index of Rate Schedule of Services, Exempted Services, Exempted Goods, Notified Goods & Services under RCM.

GSTPAM recognized the makers who have taken lots of efforts and pains to write the contents allotted to them well in time by updating the latest Amendments, Laws and Rules. These contents were duly forwarded to the checkers who have thoroughly gone through each and every contents so that the accuracy level is reaching to perfection.

GSTPAM hereby also appreciates and acknowledges the efforts and guidance by Shri Mayur Parekh, Shri Pranav Kapadia, Shri Ashish Shah, Shri Hitesh Shah,

Mahesh Madkholkar Jt. Convenor

Premal Gandhi Jt. Convenor

Sunil Khushalani Chairman

25


Shri Deepak Thakkar, Shri Deepak Bapat, Shri Dhaval Talati, Shri Janak Vaghani and Shri Vikram Mehta who have helped in compiling this GST Referencer. They have reviewed the entire contents prepared by the Makers and Checkers and also reframed the topics to include the various and frequent amendments being made in the GST Law after its implementation. The amendments made upto 15th June, 2019 had been duly incorporated in the GST Referencer 2019-20. Password protected e-version of the GST Referencer has also been made available to its subscribers in our website www.gstpam.org.

12. Residential Refresher Course Committee

Residential Refresher Course is always an eagerly awaited event of the Association since it provides an atmosphere of learning in relaxed environment. This Committee was headed by Past President Shri Sachin Gandhi as Chairman along with Convenor Shri Pravin Shinde. The 43rd Residential Refresher Course was held from 31st January 2019 to 03rd February, 2019 at Hotel Accord, Puducherry.

The essence of the RRC was GST and the theme was Good – Subject for – Tax Practitioners. Due to the onset of a new law and several meetings having been already conducted on the provisions of law, the emphasis in this RRC was to move a step ahead and indulge in discussing the various issues prepared by the Paper writers.

The details of papers submitted at the said RRC are as under:

Sr. No.

Subject Paper Writer Chairman

1 Input Tax Credit under GST Act & its intricacies

Shri Ritesh Mehta Shri Kiran Garkar

2 Controversial AAR and Important High Court Judgments under GST


Shri Ratan Samal (Acting Chairman Shri C B. Thakar)

3 Brains’ Trust Session Trustees Shri C. B. Thakkar

Shri Vinayak Patkar

Shri Deepak Bapat

Mrs. Sujata Rangnekar

Shri Ashit Shah

Pravin Shinde Convenor

Sachin Gandhi Chairman

26


The R.R.C. was inaugurated by Shri Vinayak Patkar Past President STPAM. Shri Vinayak Patkar delivered Inaugural speech. I express my sincere gratitude to chief guest Hon’ble Chief Minister of Puducherry Shri V. Narayanasamy, & S. Salva Gandhi, Past District Governor of Lion being accepted our invitation to the 43rd RRC. At this junction, chief guest Hon’ble Chief Minister of Puducherry Shri V. Narayanasamy gave marvellous speech to delegates on the implementation of GST by government. We specially thank chief guest Hon’ble Chief Minister of Puducherry Shri V. Narayanasamy, for sparing his valuable time.

The participants appreciated the excellent presentation of papers by the paper writers, detailed group discussions and Chairmen’s important remarks. The paper writers meticulously highlighted the legal provisions, technical interpretation and the issues arising there from. The papers evinced keen interest and lively discussion amongst the participants. The Chairmen of the Technical Sessions provided the participants with their in-depth analysis of the provisions and issues and guided the participants on the subjects. The participants also enjoyed sightseeing program visit at Mahabalipuram, Island and Matri Mandir Auroville (World Famous Meditation Centre).

We once again thank the Inaugurating Officer, Chief Guest, Paper Writers, Chairmen, Trustees of Brain Trust Session, Mentors, Group Leaders, Past Presidents, Office Bearers of our association, all Managing Committee Members, Staff of our Association and all the delegates who have made this RRC Successful.

There were total 126 Participants of RRC which Include 87 Male Delegates, 10 Female Delegates and 29 Spouse and Children.

13. International Residential Refresher Course

The 18th International Residential Refresher course of our association was organised from 17th May 2019 to 29th May 2019 at the scenic location of South Africa under the Convenorship of Shri Ajay Talreja and able guidance of Chairman Shri Sachin Gandhi. This IRRC had a record enrolment of 79 delegates from all over parts of Maharashtra.

The tour was conducted by GEM TOURS AND TRAVELS.

The following topic was discussed:

Sachin Gandhi Chairman

Ajay Talreja Convenor

27


Paper for Discussion Paper Writer

VAT Regime Under GCC Ruled Nations Shri Sanjay Sonawane

GSTR 9 & GSTR 9C Shri Anil Vakharia

14. Seminar and Workshop Committee

The Seminar & Workshop Committee was chaired by Shri Deepak Thakkar with the Joint Convenors Shri Vinod Mahske, Shri Bhaven Mehta and Shri Jatin Chheda.

The Seminar & Workshop Committee has organised various seminars & workshops from time to time on subject of Indirect Taxes. Some of the workshops were also organized with live coverage Live Streaming. Video recording & photos of the seminars & workshops were also placed on the website of the Association for benefit of our members.

The details of the workshops & seminars organized by the Seminar & Workshop Committee during the tenure of 2018-19 are summarized as below :-

1. In starting of our tenure for this year, we had organized 3 days Workshop on 28th August 2018, 30th August 2018 & on 4th September 2018. With a view to update the members with the recent changes made in CGST, SGST & IGST Act, to give idea of the amendments made in the GST Returns as per the than prevailing GST bill and to make aware of the changes made in the GST act through various notifications, circulars & press releases, these 3 days workshop were arranged. The workshop were arranged with 2 faculties in each workshop, in which our own junior members viz. Shri Parth Badheka, Shri Aditya Surte & Shri Umang Talati presented their views as Presenter & our senior members viz. Shri Janak Vaghani, Shri Kiran Garkar & Shri Kantilal Jain guided them as Supervisor. The same was organized at GSTPAM Mazgaon library and nearly 70 participants took benefit of the said workshops. Participants enjoyed this new learning concept and appreciated efforts of GSTPAM for updating the members timely.

2. After that we had organised a half day seminar on 17th October 2018, where by the topics like Concept & learning of Annual Return & Study & preparation

Deepak Thakkar Chairman

Vinod Mhaske Jt. Convenor

Jatin Chheda Jt. Convenor

Bhaven Mehta Jt. Convenor

28


of Audit report under GST act were covered. Shri Ashit Shah and Shri Rajat Talati had delivered the lectures respectively. The seminar was organised at Mysore Association Auditorium, Near Maheshwari Udhyan, Matunga. We got really a good response and due to the overwhelming response we had arranged for the extra hall at the same venue whereby members had viewed the seminar through arrangement of live screens. More than 370 participants were present in the seminar and they all enjoyed the timely learning on the subjects.

3. The most awaited 10th Workshop on GST law jointly with AIFTP (WZ), BCAS, CTC, MCTC and WIRC of ICAI for the year 2018-19 was also organized this year at GSTPAM Mazgaon library from 17th Jan, 2019 to 14th Mar, 2019. More than 230 delegates had participated from profession & industry in the said Joint Workshop. By seeing the overwhelming response of the participants and by considering the capacity of the hall and also with the intention of reaching to the outstation members and also with intention to achieve the aim of our President to reach maximum number of our members, we have arranged Live streaming of the workshop within a short period of time. And too this also, more than 90 participants had enrolled by touching the maximum capacity of live streaming delegates.

The Joint Workshop consisted of 15 technical sessions with 14 eminent speakers and also conducted one Mega Brain Trust session at the end with 4 eminent speakers as Brains’ Trustees and a Moderator. The topics of the workshop were selected to cover in-depth and practical understanding of GST Law and the Challenges to be faced in GST Era with understanding of relevant Advance Rulings. The participants really enjoyed the workshop sessions and the quality of Live Streaming. All other joint associations also appreciated the efforts & work of GSTPAM.

4. Apart from educating on GST, we have also organised a full day seminar on 05-04-2019 at Vir Savarkar Hall Dadar, on the subject of VAT Amnesty Scheme and OTPT also, along with the subject of understanding GST Returns. Eminent speakers like Shri Dinesh Tambde, Shri Amol Mane, Shri Parth Badheka, Shri Dharmen Shah has delivered their speech as speakers and Seniors like Shri C. B. Thakar, Smt Sujata Rangnekar & Shri Ashit Shah had chaired different sessions. Members really responded to this seminar in enthusiastic way and within a short period of time of announcement of the seminar, we got full participants to the capacity of the hall and here also to fulfil the demand of members we have arranged for extra space in the venue and made extra seating arrangements and as a historical event of GSTPAM, more than 510 participants had taken part in the seminar and benefited by

29


clarifying their doubts on the subjects. Hon’ble Smt. Sungita Sharma, Chief Commissioner, CGST & CX, Mumbai Zone, inaugurated the Seminar and also addressed the members.

In this seminar for the first time we have tried to allocate the seats to the members in advance and made their seating arrangement, which was well appreciated by the members. The overall seminar was noted as a good educative, interesting with comfortable venue and food.

5. The Government made major changes in the GST Act, which had major effect on “REAL ESTATE SECTOR”, with a intention to have in depth understanding on impact of GST on Real Estate, we have organized a Half Day Seminar on the subject “GST IMPLICATIONS ON REAL ESTATE SECTOR – PRE & POST 1-4-2019” on 23-4-2019 at GSTPAM Mazgaon Libarary. Topics like, Provisions of recent changes under GST Act for Real Estate, understanding on Input Tax credit for real estate sector, panel discussion and also a new topic viz. effect of GST under RERA was covered. Although the seminar was organized on a working day, the day like Tuesday, more than 140 members had taken part in the seminar. Speakers & penalties were Shri Ashwin Shah, Shri Rajat Talati, Shri Vikram Mehta and Shri Ratan Samal and Moderator was Shri Deepakbhai Thakkar.

It was also well appreciated by the members for organizing the seminar on recent changes in a very short period of time.

Details of Seminars/ Workshops conducted by Seminar & Workshop Committee during the year 2018-19 are highlighted as under :

Sr. No.

Date Seminar / Workshop

Topic Speaker / Group Leader

1 28th August, 2018

Workshop Recent Important Amendments in CGST Act, IGST Act as per GST bill

Shri Parth BadhekaShri Janak Vaghani

2 30th August, 2018

Workshop Recent Amendments related to New Returns under GST Act as per GST bill

Shri Aditya SurteShri Kiran Garkar


Workshop Recent Amendments in Notifications, Circulars, Press Releases under IGST/ CGST/SGST Act

Shri Umang TalatiShri Kantilal Jain

30


Sr. No.



4 17th October, 2018

Half day Seminar

1.Concept & Learning of Annual Return under GST Act

Shri Ashit Shah

2. Study & Preparation of Audit Report under GST Act.

Shri Rajat Talat


Jt. Workshop 1. Issues In Works Contract Transactions With Relevant Advance Rulings

Shri Rajat Talati

2. E-Commerce Transactions and TDS-TCS Provisions with Relevant Advance Rulings

Shri Jayesh Gogri


Jt. Workshop 1.Composition Scheme with Relevant Advance Rulings & Annual Return For Composition Taxpayers (Form 9A)

Shri Aditya Surte

2. Issues in Reverse Charge Mechanism and Trans-1 with Relevant Advance Rulings

Shri Manish Gadia


Jt. Workshop 1. Export of Services, Supplies to SEZ and Issues in Refunds with Relevant Advance Rulings

Shri Dharmen Shah

2. Provisions Relating to e-Way Bills, Interception & Procedural Aspects thereof

Shri Mayur Parekh


Jt. Workshop 1. Understanding and Discussing – GST Annual Return Form No.9 (other than form No.9A)

Shri Ankit Chande

31


Sr. No.



2. Understanding and Discussing – GST Audit (Form No.9C)

Shri Pranav Kapadia


Jt. Workshop 1. Issues In Place of Supply of Goods & Services with Relevant Advance Rulings

Shri Rajiv Luthia

10 1st March, 2019

Jt. Workshop 1. Input Tax Credit, Electronic Ledger & Issues thereon, with Relevant Advance Rulings

Shri Dinesh Tambde

2. Issues in Job Work with Relevant Advance Rulings

Shri Dhaval Talati

11 5th March, 2019

Jt. Workshop 1. Classification and Valuation of Goods & Services with Relevant Advance Ruling

Shri Ratan Samal

12 12th March, 2019

Jt. Workshop 1. Late Fees, Interest, Penalties & Penal Provisions thereof.

Shri C. B. Thakar

2. Provisions related to Inspection, Search, Seizure, Summons, Sec.73, 74 etc.

Mrs. Nikita Badheka

13 14th March, 2019

Jt. Workshop Mega Brains’ Trust Session

Trustees – Shri S. S. GuptaShri Naresh ShethSmt Sujata RangnekarShri Vikram MehtaModerator –Shri Deepak Thakkar

32


Sr. No.



14 5th April, 2019

Full day Seminar

1. Understanding of Amnesty Scheme, 2019 under VAT & CST Act & Discussion of Issues related thereon. (Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fees 2019)

Shri Dinesh TambdeShri C. B. Thakar

2. Understanding of OTPT’ 2019 scheme under Profession Tax Act & Discussion of Issues related thereon. (One Time Payment of Tax Scheme, 2019).

Shri Amol Mane

3. Recent Amendments under GST Act.

Shri Parth BadhekaMrs. Sujata Rangnekar

4. Understanding of Annual Return under GST Act & Issues related thereto.

Shri Dharmen ShahShri Ashit Shah

15 23th April, 2019

Half Day Seminar

1. Recent GST Changes RERA Perspective

Shri Ashwin Shah

2. Provisions of GST Act, for Real Estate Sector.

Shri Rajat Talati

3. Input Tax Credit of GST for Real Estate Sector.

Shri Vikram Mehta

33


Sr. No.



4. Panel Discussions on Issues related to GST on Real Estate Sector Pre- & Post- April 01, 2019

Panellists :Shri Ashwin ShahShri Rajat TalatiShri Vikram MehtaShri Ratankumar SamalModerator :Shri Deepak Thakkar

We hope that the members must have enriched their knowledge by participating in the above workshops and seminars. We are also thankful to Chairman of our Committee Shri Deepak Thakkar and our President Shri Pradip Kapadia for giving their continuous guidance and boosting our moral to Organise worthful seminars for the benefit of our members. We are thankful to all Committee Members for their continuous support. We are thankful to the President sir, for keeping this committee’s responsibilities on our shoulder.

15. Finance & Accounts Committee

The Committee under the Chairmanship of Shri Mayur Parekh with Convenor Shri Raj P. Shah, Hon. Treasurer along with President Shri Pradip R. Kapadia, Vice President Shri Dinesh M. Tambde, Jt. Secretaries Shri Aalok Mehta & Shri Sunil Khushalani and Committee Members Shri Hiten Shah, Shri U. M. Loonawat, Shri R. S. Pathak, Shri Suresh Sanghavi, Shri Sachin Gandhi, Shri Janak Vaghani, Shri V. R. Ghelani, Shri K. M. Shah, Shri Pankaj Parekh and Shri Pranav Kapadia met at Periodical Intervals to review finance and accounts of the Association.

The audited annual accounts for the year ended 31-3-2019 is printed along with this Annual Report.

The Committee is thankful to Chairman, Shri Mayur Parekh, Shri Sachin Gandhi and all the members of Finance Committee for their continuous guidance and constructive suggestions for financial matters and review of accounts.

Mayur Parekh Chairman

Raj Shah Hon. Treasurer

34


16. Regional Centres and Outstation Seminars Committee

We take proud privilege to submit our report of above committee for the year 2018-19.

Total of 13 Outstation seminars including 2 National Tax Conferences at Pune and Aurangabad and seminars held at various districts of Maharashtra during the year

We are happy to confirm that the basic goal of the activities of the Association to enrich the knowledge of our members, non-members tax practitioners, and of the general public by conducting seminars all over Maharashtra have been triggered.

We are thankful to the President and Managing Committee members of GSTPAM who had extended their positive co-operation by attendance at various seminars.

We are thankful to all the faculties who had extended extreme support by delivering lectures, updating knowledge and providing notes to the participants.

We also feel gratitude about our all participants who had helped us to make each event a grand success.

We solicit our sincere thanks to other associations like AIFTP, WMTPA and regional taxation bodies who jointly organised seminars with us.

The interaction with members of the regional centers and sharing of knowledge to the members in the districts all over Maharashtra, resulted in enhance coordination and brotherhood amounts the outstation members and also attracted many professionals to become the members of GSTPAM.

Last but not the least, we solicit our team member of the committees who had worked hard to enrich the level of the committee in the Association.


Rajkumar Bhambare

Jt. Convenor

Arun Baheti Jt. Convenor

Santosh Gupta Jt. Convenor

Amol Mane Jt. Convenor

Pankaj Parekh Chairman

Sunil Khushalani Jt. Convenor

35


OUTSTATION SEMINARS ORGANISED BY GSTPAM JOINTLY WITH REGIONAL CENTERS

Sr. No.

Date Subject Speaker Joint Association (Place)

1. 4th September 2018

1. Impact Latest Important Notification

2. ITC Under GST

3. Scientific Truth of Life

4. Phycology of Human Body Reaction

1. Shri Swapnil Munot

2. Shri Dinesh Tambde

3. Shri Suryawanshi

4. Shri Milind Bhonde

Western Maharashtra Tax Practitioners Association Varsha Sahal at Malhar Machi at Pune

2. 1st November 2018

Annual Returns Under GST

Shri Dinesh Tambde

Taxation Consultant’s Association, Sangli & Sangli Branch of WIRC of ICAI

Audit Under GST Act

Shri Aditya Surte

GST on works Contracts

Shri Mayur Parekh

3. 22nd December 2018

Impact of GST on Textile Industry

Shri Raj P. Shah Bhiwandi jointly with Tax Practitioners Association, Bhiwandi and Bhiwandi CPE

4. 24th January 2019

Recent Amendments under GST Act (Latest Notifications, Circulars and Orders under CGST and MGST Act).

Shri Rahul Thakar Tax Consultants Association, Kolhapur

5. 24th January 2019

Recent Amendments under GST Act (Latest Notifications, Circulars and Orders under CGST and MGST Act)

Shri Rahul Thakar Taxation Consultants Association, Sangli

36


Sr. No.


6. 16th February 2019 & 17th February 2019

Income Tax & GST - Private Trust – Succession Planning, Wills an Taxation Aspects thereof

Shri Anup Shah Aurangabad jointly with All India Federation of Tax Practitioners (WZ) & Aurangabad Branch of WIRC of ICAI and Tax Practitioners Association, Aurangabad

Prosecution – Recent Developments, Consequences on Independent Directors/Legal Heirs

Shri Rahul Hakani

Goods and Services Tax - Taxation of Intermediary Services in GST

Shri Sagar Shah

Recent Developments in ITC

Shri Dinesh Tambde

Brains’ Trust Session Direct Tax & Indirect Tax

Shri Harish Motiwalla & Shri Umesh Sharma

7. 26th March, 2019

Amnesty Scheme -2019

Shri G.Y. Patwardhan

Taxation Consultant’s Association, SangliRecent

Developments under GST Act

Shri Ashit Shah

Penal actions under GST

Shri Parth Badheka

Annual Return and Audit under GST


8 21st April, 2019

Annual Return under GST Act

Shri Pranav Kapadia

Jalgaon Branch of WIRC of ICAI and Jalgaon District Tax Practitioners Asso.

Amnesty Scheme and OTPT

Shri Dinesh Tambde

Recent Amendments Shri Janak Vaghani

37


Sr. No.


9 27th April, 2019

Annual Return under GST Act

Shri Ashit Shah Dhule District Tax Practitioners’ AssociationSettlement Scheme

under Various Acts.Shri Pradeep Kshatriya

Audit under GST Act

Shri Dharmen R. Shah

10 10th May, 2019

Inaugural Session: Key note Address:

Shri Girish Bapat, Guardian Minister, Maharashtra Shri Santosh Z. Firodiya

Two Day National Tax Conference at Pune Branch of WIRC of ICAI, AIFTP (WZ) & WMTPA1st Technical

Session - Important Advance Rulings & Judgments under GST :

Shri Pritam Mahure

2nd Technical Session - Capital Gains Tax on JDA, SRA (Joint Development Agreement, Slum Re-Development Agreement)

Shri Suhas Bora

3rd Technical Session – GST on Real Estate – Impact of Amendments- Complicated or Simplified

Shri Bimal Jain

11th May, 2019

4th Technical Session – e-Way Bill – Critical Issues of Concern in Future & Role of Tax Professionals

Shri S. Venkatramani

38


Sr. No.


5th Technical Session – ITC – Whether Privilege or Concession Granted

Shri Madhukar Hiregange

6th Technical Session – Panel Discussion on Recent Trends/Controversies in Taxation

11. 24th May, 2019

Technical Session I – VAT Amnesty

Shri Abhijeet Berde

GSTPAS Jointly at Kudal

Technical Session II – GSTR-9 (Annual Return)

Shri Shantanu Bagwe

Technical Session III – GST Audit

Discussion on Queries

Shri Dinesh Tambde

12. 1st June, 2019 Session 1 - Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fees Ordinance, 2019

Shri Dinesh Tambde

Tax Bar Association, Amravati & Vidarbha Tax Practitioners’ Association, Nagpur

Session 2 - Step-by-Step Guidance to file GST Annual Returns

Shri Dharmen Shah

Session 3 - Amendments pertaining to FY 2017-18 and reporting thereof in Annual Returns

Shri Ashit Shah

39


Sr. No.


Session 4 - Audit under GST: Issues and Disclosures

Shri Aditya Kshatriya

13 7th July, 2019 Session I- GST Annual Return GSTR-9, GSTR-9A and GST Audit GSTR-9C

Shri Suhas Padhye Jointly with Income Tax & Sales Tax Practitioners’ Association, Solapur

Recent Notifications in CGST Act

Shri Amol Mane

17. GSTPAM News Bulletin Committee

News Bulletin Committee of the Association, under Chairmanship of Shri Dinesh Tambde and convenorship of Joint Convenors Shri Amol Mane and Shri Sunil Joshi, has regularly published News Bulletins during the Year 2018-19. The Committee could make the News Bulletin precise with the abled guidance and active support of the President Shri Pradip Kapadia.

The GSTPAM News Bulletin contains details of the all programs of the Association during the month, Goods and Service Tax Updates, Sales Tax Updates, Income Tax updates, the recent AAR’s, Gist of Goods and Services Tax Notifications and Circulars and other information technology related information such as Excel shortcuts. These all things were contributed on monthly basis by experts and are useful to the members of the Association for getting updated information at a glance. This year the we have added a new feature to our News bulletin of Birthday wishes to members with mention of their name and birth date in the News bulletin of the respective month.

The News Bulletins are uploaded on GSTPAM website and circulated on what’s app groups formed by the Association and also sent to all members through email.


Sunil D. Joshi Jt. Convenor

Amol Mane Jt. Convenor

40


18. Membership & Subscription (Local)

The Membership & Subscription (Local) Committee was chaired by Shri Raj Shah with the Joint Convenors Shri Dharmen Shah and Shri Vivekanand Rao. This year we have standardised the renewal processes.

In current year we have informed about the activities of our association in the form of ‘About GSTPAM’ in various seminars, events and lecture meetings to the participants and it has resulted in addition of new members. The Renewal forms were mailed as well as delivered by post/courier to the members with personalised details of the members, which were very useful & well appreciated by the members. Advance membership option was also given to members to pay their dues for current year as well as for subsequent two years, many members opted for the option.

In the year we had verified and updated master data of the members and corrected the details of the members where ever required. The committee has followed up with the members for renewal of their membership through e-mails, phone calls and also through text messages, which has resulted in renewal of the lapsed members also.

We are hopeful that the efforts of the Convenors and members of committee, must have benefited the members by getting proper updates and information of the association and also it must have resulted in effective communicating the activities of the association.

19. Membership & Subscription (Outstation)

As Joint Convenor of Membership and Subscription (Outstation) Committee, task assigned to us was to increase the interaction with outstation members and to organise seminars on contemporary subjects in regions other than Mumbai. Accordingly on 4th September, 2018 seminars were organize at WMTPA, Pune and on 1st November,

Raj Shah Chairman

Vivekanand Rao Jt. Convenor

Dharmen Shah Jt. Convenor

Mahesh Bafna (Dhule)

Jt. Convenor

Prakash Patwardhan

(Pune) Jt. Convenor


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2018 with local organise the WIRC of ICAI at Sangli Branch. The Full day seminar at Sangli was inaugurated in the presence and at the auspicious hands of President Shri Pradip Kapadia. In the said seminar the President briefed about the work of the GSTPAM encouraged the participants to become the member of the GSTPAM narrating various activities undertaken by the Association in the interest and for the benefit of the members.

In order to discuss the problems and challenges faced by the outstation members and the tax professionals in day-to-day practice and to draft the agenda of their grievances, joint meeting was organised in Pune. The members from different parts of Maharashtra attended the meeting held on 4th Sept., 2018. The office bearers of the GSTPAM, Mumbai including President Shri Pradip Kapadia attended the meeting and addressed the august gathering explaining the role of our association in resolving the problems faced by the members. The outstation members proposed their confidence in the work done by our association. The interaction with members of the regional centers and sharing of knowledge to the members in district all over Maharashtra, resulted in enhance co-ordination and brotherhood amounts the outstation members and also attracted many professionals to become the members of GSTPAM.

20. Non-Residential Refresher Course Committee

During the year two NRRC were Conducted by NRRC Committee. The 20th NRRC at Thane & 21st NRRC was at Mumbai.

20th NRRC of our association along with All India Federation of Tax Practitioners, Tax Practitioners’ Association, Thane and Tax Friends was been held on 6th and 7th October, 2018 at Hotel Satkar Residency, Thane. In total 313 Delegates have attended the Conference. The conference was held all India basis attended by the tax practitioners from various parts of the Country.

The Conference was inaugurated by hands of Hon. Justice of Bombay High Court Mr. Abhay Oka. Our President of GSTPAM Shri Pradip Kapadia has shared the dais along with Presidents of other host associations at Inauguration ceremony.

Rajkumar Bhambare(Parbhani)

Jt. Convenor

Aditya Seema Pradeep(Nashik)

Jt. Convenor

Sunil D. Joshi Convenor


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The Papers has been presented on various tax related subjects such as Income Tax, GST and RERA in the NRRC. i.e.

1) Income Tax – Issues in Section 56(2) Speaker Shri Pradip Kapasi, Mumbai.

2) GST - Intricate Issues of Valuation (Other than relating to Real Estate), Speaker Shri S. Vekataramani, Bengaluru.

3) GST – Audit of Accounts and reconciliation with Books. Speaker Shri Rajat Talati, Mumbai.

4) Impact of GST and Issues under GST on Real Estate Transactions. Speaker : Shri Kuntal Parekh, Advocate Ahmendabad.

5) Penalties and Prosecution under Income-tax Act, 1961. Speaker Shri V. P. Gupta, Advocate New Delhi.

6) RERA – Transformation and Balancing of Rights and Obligations. Speaker Shri Ashwin Shah.

7) The Panel Discussion has been held on GST issues Shri Parind Mehta and Shri P. C. Joshi were panellists.

21st NRRC of our Association was organised at Swatantryaveer Savarkar Rashtriya Smarak, Shivaji Park, Dadar, Mumbai (West) on 10th July, 2019. Total 263 delegates attended the NRRC. The Conference was inaugurated by hands of our President Shri Pradip Kapadia.

The various papers on GST were presented by the eminent Speakers namely Shri Vinod Mhaske, Shri Aditya Surte, Shri Umang Talati, Shri Aditya Seema Pradeep. The papers on topics ‘Offences and Penalties under GST Act, Intricacies of Input Tax Credit under GST Law were presented. The practical sessions on form GSTR 9 and form GSTR 9C were conducted during the conference. The technical sessions were chaired and guided by Shri Ratan Samal, Shri C. B. Thakar, Shri Deepak Thakkar and Smt. Sujata Rangnekar.

It must be significantly noted that during the NRRC our GSTPAM Stall has been visited by large number of delegates. Our various publications and Referencer has been purchased by the delegates in large and was appreciated by the Delegates. This has helped to reaching and recognising the GSTPAM on All India level.

43


21. Publication Committee Act, Rules & Short Publication on Amendments

The Publication Committee undertakes the task of providing quality reference material at reasonable price to the members. Under the Chairmanship of Shri Rajat Talati and Convenorship of Shri Ashit Shah and Shri Premal Gandhi, have work on following short and the same have been published during the year:

Subject Contributor(s)

Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019.

Shri Subhash Surte

Impact of Changes in GST law on the Real Estate Sector Shri Pranav Kapadia

Import of Goods & Services under GST Laws Shri Ratan Samal

Export of Goods & Supplies to & from Special Economic Zones under the GST Laws

Shri Ratan Samal

Impact of GST on Co-operative Housing Society Shri Hiral Shah

Work on more short publications on classification, valuation and other industry- specific subjects is in the planning stages.

22. Sports Committee

Under the Chairmanship of Shri Aalok Mehta and Joint Convenor Shri Mahesh Madkholkar & Shri Ajay Talreja, Third Triangular Indoor Box Cricket Tournament (with Tennis Ball) was organised by our Association jointly with The Chamber of Tax Consultants and The Malad Chamber of Tax Consultants on 17th March, 2019 at Kandivali (West). Two Teams of GSTPAM have participated and both Teams could reach upto Semi-Finals. This Tournament was won by Malad Chamber of Tax Consultants. We are thankful to all the members who have participated in this tournament. We are also thankful to The Chamber of Tax Consultants and

Ashit Shah Jt. Convenor

Rajat Talati Chairman

Premal Gandhi Jt. Convenor


Ajay Talreja Jt. Convenor


44


The Malad Chamber of Tax Consultants for their support in organising this mega event. Our Member Mr. Aalok Mehta won player of the Tournament Award, Mr. Mahesh Madkholkar won best bowler of the Tournament Award and Mr. Aditya Surte won Man of Match Award. Special Thanks to Past President Shri Sachin Gandhi for arranging all Logistics and fellowship.

23. Tribunal Judgments & Short Note Committee

Committee was headed by Chairman Shri C. B. Thakar and Joint Convenors Shri Aditya Surte and Shri Parth Badheka. Judgments of the Maharashtra Sales Tax Tribunal were collected and indexed till date. The convenors, with the help of fellow committee members have undertaken the work of preparation of gist of important judgments for the benefit of members at large. Short Notes of important rulings under GST delivered by Advance Ruling Authorities across India were prepared and published on a monthly basis through the News Bulletin.

24. Website, Webinar and I.T. Committee

This committee was headed by Shri Pranav Kapadia as Chairman and Shri Hiral Shah & Shri Dharmen Shah as Convenors. The website is an important and efficient tool to disseminate information amongst the members all over Maharashtra. It works as a catalyst to strengthen the bond between the Association and Members.

Website Upgradation

The website is made more responsive to the users with increased functionality. Following new features are added to the website

1. New polls on GST which got 610 responses from members of Association.

Hiral Shah Jt. Convenor

Dharmen Shah Jt. Convenor

Pranav Kapadia Chairman

C. B. Thakar Chairman

Aditya S. Surte Jt. Convenor

Parth Badheka Jt. Convenor

45


2. Study Material distributed at various events of GSTPAM like Intensive Study Course, Coaching class, Workshops, and other events are available on website to all members post login.

3. Massive drive of updating GST numbers of members is carried out by hosting link on website so all members can provide their GST numbers online.

4. A functionality of self-recording seminars, workshops conducted by association was introduced which led to immediate uploading of seminar videos on website within a span of 3 days to a week.

5. Photos with captions of events conducted by Association are updated on website within few hours of event completion.

6. GST Referencer 2018-19 is uploaded and accessible from website.

7. RRC photos were shared in bulk with members by using google drive to maintain quality of photos so all members can have their fond remembrances of RRC.

8. Timely updation of payment links in line with providing options for advance memberships to the members at a single click from office.

9. New e-mail ID was activated to bring in more professionalism. [email protected]

Due to all above functionalities on website, visitor count of website has crossed lakhs.

Mass e-mail & Mass-SMS

The mass e-mail facility has been successfully working for all communications of Association and has been effectively used for following:

1. Mailing News Bulletin to all members in a timely manner.

2. Mailing events intimation and reminders to all members so they can attend in time and block their calendars

3. Sending pre-filled membership forms to members for renewal.

4. Mass SMS is regularly being used to update all members on the go about events conducted by association.

46


Mobile Application (App for Android & IOS devices)

Mobiles have become a basic necessity in this era of digitalisation. With the purpose of providing updated information on various changes in the GST Law and about the various activities of the Association, GSTPAM Mobile App has been launched and is available for download for the members of our Association.

Some of the features of this mobile application are:

a) Available on Playstore (Android) and IOS (Apple) platforms.

b) Links such as joining WhatsApp network for members.

c) Whats New and Notification pop up on mobile after you Install the app.

d) Features like e-payment for various services are also incorporated.

WhatsApp Communication

WhatsApp communication has been started for Communication with members. It is receiving very good response from Members. Apart from Manual addition, links are provided on Facebook and Website so that members can directly get themselves added in the group by simply clicking on the link.

Webinar Implementation & Live Streaming

One of the most modern concepts of Webinar i.e., attending Seminars at the convenience of sitting at home, office, or during travelling has been introduced by our Association. After conducting thorough survey of arranging webinar, a smart and the most cheapest way was chosen to ensure webinar remains free to all members.

This new technology has revolutionized the way Association arranges regular Study Circles and Mega-guidance cell meeting leading to live streaming thus enabling benefit even to those members who could not attend in person at the GSTPAM Library. This technology has enabled to bridge the distance of out-station members leading to huge saving of time.

The Joint workshops on GST held between 17th January 2019 to 14th March 2019 was Live streamed to the enrolled members. It was the first instance of Paid Live Streaming being organized by our Association. Half day seminar was also Streamed live on paid basis.

During some important live Mega-guidance meetings, Regional Centers were involved and seminar halls were booked for members to come together and watch the meeting live and also raise queries online by show of hands to the speaker. The webinars were well-attended (approx. count going up to 500 at a time). The

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appreciations from members led to multiple webinars being conducted during the year.

List of Webinars hosted/proposed during 2018-19

Sr. No. Date Speaker Topic

1 01-12-2018 Shri Raj Shah Impact of GST on Textile Industry

2 06-03-2019 Shri Hiral Shah The Banning of Unregulated Deposit Schemes Bill, 2018

3 24-05-2019 Shri Jatin Chheda Applicability of GST on Societies

4 17-06-2019 Shri Pranav Kapadia Impact of Changes in GST Law on the Real Estate Sector

25. Public Relations Committee

This committee was headed by Shri Aalok Mehta as Chairman and Shri Dharmen Shah as Convenor. The Committee has played an active role in creating awareness of activities of Association. Following are brief activities undertaken during the year:

Reactivating Facebook Page (Social Media)

1. The Facebook Page was updated timely with events to be held by the association thus enabling members with reminders before the events.

2. Post event photos and videos are uploaded for each event.

3. Various members have started commenting and liking every Association event on Facebook. Comments are also received appreciating the posts and to continue the activity of posting events.

4. As per analytics report of Facebook, our every post is viewed approximately by around 750 - 1,000 people.

5. As on date, 3,948 users located across globe and various state are following our Facebook Page which is an increase by 105 users compared to last year.

Re-activating YouTube page

1. The YouTube Page has been activated to the full extent along with proper event name and speaker name which has resulted in 1359 subscribers as on date which is an increase by 1047 members.


Dharmen Shah Convenor

48


2. Every video uploaded after revamping of YouTube channel has resulted in average 100 to 1800 views for every video.

3. This channel is linked to Facebook and our website for update on every new video uploaded resulting in further views at these locations.

GSTPAM in Newspapers (Print Media)

1. In the current year, GSTPAM is starting media partnership with Janmabhoomi Newspaper.

2. GSTPAM appeared in newspaper a number of times. Some of the instances are as below –

– When the new committee was formed, GSTPAM hit the newspaper announcing the event.

– Various events of association all over Maharashtra had appeared in local newspapers and television channels.

26. Advance Ruling Compilation Committee Report

This Committee undertakes the task of publishing short compilations of Advance Rulings passed in all the States of India in the monthly magazine published by our association every month.

The Committee headed by Shri Dinesh M. Tambde as Chairman and Shri Ishaan V. Patkar and Shri Ashit Shah as the Convenor, have taken great efforts in preparing the gist of AAR & AAAR and published in Goods and Services Tax Review throughout the financial year for the benefit of the members of the Association.

27. Foundation Day-Cum-Diwali Get-together Celebration

The 68th Foundation Day of GSTPAM was celebrated with Great Zeal on 13th December 2018. On this occasion Past Presidents from 2010-11 onwards and Editors and Associate Editors from 2012-13 were felicitated. Musical Programme on Sham-e-Ghazal was presented by renowned ghazal singer Shri Ajay Tiwari. Members participated in large numbers.


Ashit Shah Jt. Convenor

Ishaan Patkar Jt. Convenor

49


28. Awards

Sr. No.

Prize for Awardee[s] Judge[s] for selection

1. Best Article writer in STR [April 2018 to March 2019]

Shri Prem Chhatpar Editor - Shri Vikram Mehta & Associate Editor - Shri Dhaval Talati

2. Best Column Writer in STR [April 2018 to March 2019]

Mrs Deepali Mehta Editor - Shri Vikram Mehta & Associate Editor - Shri Dhaval Talati

3. Best Speaker in Study Circle Meetings

Shri Parind Mehta Office Bearers

4. Best Paper Writer in 43rd Residential Refresher Course

Shri Ritesh Mehta Shri Mayur Parekh

5. Best Sportsman Shri Aalok Mehta Shri Pradip Kapadia

6. Rajkumar Adukia Foundation Award for Best Group Leader in Intensive Study Course Meetings

1. Shri Dharmen Shah

2. Shri Amar Shukla

Convenors: Shri Dilip Nathani & Shri Prasant Vora

7. Best Convenor 1. Shri Parth Badheka

2. Mrs Sonali Bapat

3. Shri Jatin Chheda

4. Shri Premal Gandhi

5. Shri Sunil Joshi

6. Shri Amol Mane

7. Shri Bhaven Mehta

8. Shri Vinod Mhaske

9. Shri Dilip Nathani

10. Shri Vivekanand Rao

11. Shri Dharmen Shah

12. Shri Hiral Shah

13. Shri Pravin Shinde

President: Shri Pradip Kapadia

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Sr. No.


14. Shri Aditya Surte

15. Shri Ajay Talreja

16. Shri Mahesh Madkholkar

17. Shri Aditya Kshatriya

18. Shri Hemant Walkar

8. T.B. Lulla Memorial Fund for best Organizer for Outstation Seminar.

1. Taxation Consultants’ Association, Sangli

2. Tax Bar Association, Amravati

3. Dhule District Tax Practitioners Association

4. Tax Practitioners Association Jalgaon


9. Satishchand Laxmichand Memorial Awards for best pleader before the Mock Tribunal & T. B. Lulla Memorial Fund for best Participant at Moot Court Competition.

1. Miss Krutika Nadar

2. Miss Devanshi Shah

Shri Deepak Bapat & Mrs. Sujata Rangnekar

10. Dr. Bharat D. Vasani Prize for Best Paper Writer at NRRC

1. Shri Aditya Seema Pradeep

2. Shri Umag Talati

Shri Abhijit Berde

11. Dr. Bharat D. Vasani Prize for securing highest percentage of marks in C.A. examination.

12. Smt Bhanuben Vora Education Fund Highest Percentage in M.Com

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Sr. No.


13. Pourana & Gala For Highest Percentage in Accounts paper in Bcom and Highest Percentage in Bcom

14. D. M. Gala Prize for excellence in any field/ subject/work as may be decided by the President

1. Shri Deepak Thakkar

2. Shri Mayur Parekh

3. Shri Sachin Gandhi


29. Obituary

With profound grief we record the sad demise of our members:

1. Shri Doshi R. C.

2. Shri Lukka Kantilal K.

3. Shri Baboolal B. Porwal

4. Shri Panjawani Anand P.

5. Shri Mahabirprasad Deora

6. Shri Mahesh C. Bhuva

7. Shri Fakruddin Anajwala

8. Shri Patil Sambhaji Appasaheb

9. Shri Bhardwaj Nitin Sudhakar

10. Shri Savla Hasmukh D.

11. Shri H. T. Israni

12. Shri D. H. Save

30. Acknowledgments

The various activities of the Association could not have been carried out without the support of the Members, Institutions, Government Officials and other Individuals. We place on record our sincere gratitude to these individuals and organisations for their support throughout the year.

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1. Hon’ble Finance Minister, Shri Sudhir Mungantiwarji for recommending our representation for extending the due date for filing of VAT Audit Report for F.Y. 17-18.

2. Hon’ble Commissioner of Sales Tax, Shri Rajiv Jalota for giving us patient hearing on various issues from time-to-time and for acceding to our suggestions and as always been available to us for any problems.

3. Hon’ble Principal Commissioner of GST Smt Sungita Sharma for giving us patient hearing on various issues from time-to-time. We are also Thankful to madam for accepting our Invitation for Inaugurating our Full Day Seminar.

4. Hon’ble Acting President of Maharashtra Sales Tax Tribunal Smt Shubhada Tulankar for inaugurating the Study Circle Meeting and addressing the members on the occasion.

5. Hon’ble Members of The Maharashtra Sales Tax Tribunal for their Presence at the Inaugural Study Circle Meeting.

6. Hon’ble Chief Minister of Puducherry Shri V. Narayanasamy blessing us at the 43rd RRC at Puducherry and delivering speech on Implementation of GST by Government.

7. Past President Shri Mayur Parekh for inaugurating the 33rd batch of Coaching Class.

8. Past President Shri Pranav Kapadia for inaugurating the Intensive Study circle meeting.

9. All the dept. officials from State Department as well as from CGST department for sharing their views at various Guidance Cell Meetings.

10. Shri Ajay Tiwari for performing Musical program on Sham-E-Gazal on the eve of Diwali Get-together and Foundation Day of the Association.

11. Special thanks to all our Past Presidents and seniors for providing their guidance, support and co-operation throughout the year for carrying out the various activities of our Association.

12. Members of the Editorial Board of the GST Review, S/Shri S. S. Gaitonde, P. V. Surte, P. C. Joshi, R. S. Pathak, C. B. Thakar, D. H. Joshi, Smt. Nikita Badheka, Vinayak Patkar, Smt. Sujata Rangnekar, Pravin R. Shah and Ashvin A. Acharya for providing valuable inputs and guidance for bringing out the GST Review.

13. Editor Shri Vikram Mehta & Associate Editor Shri Dhaval Talati of the GST Review for F.Y. 2018-19 for rendering their selfless services during the year.

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14. All the authors of monthly columns and contributors of Articles and other Reference materials for the Journal.

15. Shri J. D. Rawal, the Chief Election Officer and other members of the Election Committee S/Shri K. M. Shah, R. J. Gandhi, I. A. Shah, Mayur Parekh, Ashvin Acharya & Vijay Sachiv for accepting and discharging the responsibilities judiciously.

16. Member-in-charge Shri Mayur Parekh and other members of the Accounts and Finance Committee for their continuous guidance and constructive suggestions for financial matters & preparing and finalising accounts of the GSTPAM

17. Our special thanks to Past President Shri D. H. Joshi for continuously and untiringly following up for the GSTPAM 104 Library Premises Rent Issue.

18. Trustees for Brains’ Trust Sessions, Chairmen, Paper Writers, Speakers, Mentors, Group Monitors and Group Leaders, who have readily accepted our invitation to deliver Lecture at various Seminars, Webinars, Workshops, Coaching Classes, RRC, Orientation Courses and the Intensive Study Course Meetings.

19. Regional Tax Practitioners’ Associations for holding Joint seminars.

20. Office Bearers and Members of Managing Committee of :

• Chamber of Tax Consultants (CTC)

• Bombay Chartered Accountants’ Society (BCAS)

• All India Federation of Tax Practitioners [West Zone]

• The Malad Chamber of Tax Consultants (MCTC)

• Western India Regional Council (WIRC) of ICAI

• Maharashtra Chamber of Commerce, Industry and Agriculture

• Outstation Tax Practitioners’ Associations

• Various Trade Organisations

21. Judges for the various awards for selecting awardees.

22. All makers and checkers of the Referencer for compiling and checking the same.

23. All authors and mentors of the Short Publications on GST for compiling and checking the same.

24. Our statutory auditor Sheth Doshi and Associates, Chartered Accountants for Auditing the Accounts of our Association for the year 2018-2019.

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25. Management of the Hotel Accord Puducherry, for excellent arrangements provided for 43rd Residential Refresher Course.

26. Shri Jyotindra Doshi of Gem Tours for excellent arrangement at International Study Tour to South Africa.

27. Management of Mysore Association Auditorium and Swantantrya Veer Savarkar Auditorium for excellent arrangement for Seminars.

28. Printers M/s. Finesse Graphics Pvt. Ltd. for timely printing of Sales Tax Review, Referencer, RRC Paper and other publications.

34. We also thank all those Individuals and organisations who directly or indirectly helped us in organising various activities of the Association.

35. Our Special thanks to all the Past Presidents and Senior Members for helping in organizing various activities of our association and providing guidance from time to time.

36. All Staff Members of the Association for their wholehearted support and co-operation extended throughout the year.

37. Last but not least, the Office Bearers and Managing Committee thank all the members of the GSTPAM Family for giving opportunity to serve the profession and the professional fraternity and also for their full co-operation.

31. Thanks

We take this opportunity to thank all the members of our Association for their continued encouragement and constructive suggestions as well as for their full support and co-operation which enable us to render better services to our members. However, we sincerely apologise if we have, inadvertently, missed anyone’s name or hurt anyone’s feelings.

We do hope that the efforts put in by this Managing Committee under the experienced leadership of Shri Pradip Kapadia were satisfactory and seek your constructive suggestions for further improvement by the incoming team.

Place : Mumbai Aalok Mehta & Sunil Khushalani

Date : 10th July, 2019 Hon. Jt. Secretaries

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Annexure A

Membership Chart

Type of Membership 31-03-2017 31-03-2018 31-03-2019

Donor Members 3 3 3

Patron Members 4 4 4

Life Members 1173 1244 1309

Ordinary Local Members 1282 1373 1311

Ordinary Outstation Members 916 881 880

TOTAL 3378 3505 3507

Life Members Opening : 1244

Less : Deceased during the year : 5

Add : Admission during year : 70

Balance Life Members as on 31-3-2019 : 1309

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Annexure B Managing Committee Meeting Attendance During 20th July, 2018 to 19th July, 2019

Name Designation Total Meetings

Meetings attended

Leave of absence

Pradip R. Kapadia President 12 12 -

Dinesh M. Tambde Vice-President 12 11 -

Raj P. Shah Hon. Treasurer 12 12 -

Aalok Mehta Hon. Jt. Secretary 12 12 -

Sunil G. Khushalani Hon. Jt. Secretary 12 11 -

Pranav P. Kapadia Ex. Off. Member 12 6 6

Vikram D. Mehta Editor, STR 12 - 12

Parth R. Badheka Member 12 6 6

Sonali A. Bapat Member 12 2 10

Jatin N. Chheda Member 12 10 2

Sunil D. Joshi Member 12 9 3

Premal Gandhi Member 12 7 5

Aditya S. Surte Member 12 11 1

Amol T. Mane Member 12 5 7

Vinod K. Mhaske Member 12 12 -

Bhaven D. Mehta Member 12 9 3

Dilip V. Nathani Member 12 10 2

Ajay Talreja Member 12 9 3

Hiral Shah Member 12 8 4

Dharmen Shah Member 12 8 4

Pravin Shinde Member 12 11 1

Vivekanand Rao Member 12 9 3

Co-opted Members

Madkholkar Mahesh Member 12 7 5

Mayur Parekh Member 12 10 2

Pankaj Parekh Member 12 5 7

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Report of an Auditor relating to Accounts Audited under sub-section (2) of sections 33 & 34 and Rule 19 of the Bombay Public Trusts Act.

Registration No. F-2522 (BOM)Name of the Public Trust The Goods & Services Tax Practitioners’ Association of Maharashtra, MumbaiFor the year ending 31st March, 2019

(a) Whether accounts are maintained regularly and in accordance with the provisions of the Act and the rules;

: YES

(b) Whether receipts and disbursements are properly and correctly shown in the accounts;

: YES

(c) Whether the cash balance and vouchers in the custody of the manager or trustee on the date of audit were in agreement with the accounts;

: YES

(d) Whether all books, deeds, accounts, vouchers or other documents or records required by the auditor were produced before him;

: YES

(e) Whether a register of movable and immovable properties is properly maintained, the changes therein are communicated from time to time to the regional office, and the defects and inaccuracies mentioned in the previous audit report have been duly complied with;

: YES

(f) Whether the manager or trustee or any other person required by the auditor to appear before him did so and furnished the necessary information required by him;

: YES

(g) Whether any property or funds of the Trust were applied for any object or purpose other than the object or purpose of the Trust;

: NO

(h) The amounts of outstandings for more than one year and the amounts written off, if any;

: NIL

(i) Whether tenders were invited for repairs or construction involving expenditure exceeding ` 5,000/-

: YES

(j) Whether any money of the public trust has been invested contrary to the provision of Section 35;

: NO

(k) Alienations, if any, of the immovable property contrary to the provisions of Section 36 which have come to the notice of the auditor;

: NO

58


(l) All cases of irregular, illegal or improper expenditure, or failure or omission to recover monies or other property belonging to the public trust or of loss or waste of money or other property thereof, and whether such expenditure, failure, omission, loss or waste was caused in consequence of breach of trust or misapplication or any other misconduct on the part of the trustees or any other person while in the management of the trust;

: NO

(m) Whether the budget has been filed in the form provided by rule 16A; : YES

(n) Whether the maximum and minimum number of the trustees is maintained;

: YES

(o) Whether the meetings are held regularly as provided in such instrument;

: YES

(p) Whether the minute books of the proceedings of the meeting is maintained;

: YES

(q) Whether any of the trustees has any interest in the investment of the trust;

: NO

(r) Whether any of the trustees is a debtor or creditor of the trust; : NO

(s) Whether the irregularities pointed out by the auditors in the accounts of the previous year have been duly complied with by the trustees during the period of audit;

: YES

(t) Any special matter which the auditor may think fit or necessary to bring to the notice of the Deputy or Assistant Charity Commissioner.

: NO

As per our report of even date For Sheth Doshi and Associates Chartered Accountants Firm No. 110052W

B. M. Doshi Place : Mumbai Proprietor Dated : 4-6-2019 Mem. No. 017370

59


Audited Statements of Accountand

Balance Sheetfor the period

1-4-2018 to 31-3-2019

60


The Goods & Services Tax Practitioners' The Bombay Public Trusts Rules, 1951.

Balance Sheet

As per our report of even date For Sheth Doshi and Associates [Regd] Chartered Accountants Firm No. 110052W


As at 31-3-2018

`

Funds & Liabilities Schedule Page No.

As at 31-3-2019

`Trust Fund Or Corpus :i) Admission Fees: I 66

17,49,278 Balance as per last Balance Sheet 19,11,478 1,62,200 Add : Received during the year 1,16,000 20,27,478

ii) Donor Membership Fees : 23,002 Balance as per last Balance Sheet 23,002

– Add : Received during the year – 23,002 iii) Patron Membership Fees :

26,506 Balance as per last Balance Sheet 26,506 – Add : Received during the year – 26,506

iv) Life Membership Fees : II 66 59,77,301 Balance as per last Balance Sheet 67,57,301

7,80,000 Add : Received during the year 7,00,000 74,57,301 v) Employees Provident Fund

76,096 Balance as per last Balance Sheet 3,18,913 2,42,817 Add : Received during the year 2,40,425

– Less : Payment during the year (81,284) 4,78,054

Earmarked & Other Funds : 62,91,087 New Office Premises Fund 62,91,087

– Add : Received during the year – 62,91,087

Other Funds : 11,39,108 i) Felicitation / Memorial and Award Fund IIIA 67 11,74,176

1,68,227 ii) Library Fund / Other Fund IIIB 67 1,40,197 13,14,373

General Reserve 29,75,764 Balance as per last Balance Sheet 29,24,124

(51,640) Less : Income Tax A.Y. 2015-16 – 29,24,124

Liabilities : 8,92,424 For Expenses IVA 68 1,97,661 5,12,813 Advances & Deposits IVB 69 32,28,802 34,26,463

Income & Expenditure A/C : 1,15,14,952 Balance as per last Balance Sheet 1,23,99,803

8,84,851 Add : Surplus/(Deficit) as per Income & 9,97,534 1,33,97,337 Expenditure A/C

3,33,64,786 Total 3,73,65,726

61


Association of MaharashtraSchedule VIII {Vide Rule 17(1)} Registration No. F-2522 (BOM)as at 31st March, 2019

Pradip R. Kapadia Dinesh Tambde Raj Shah Aalok Mehta President Vice-President Hon. Treasurer Sunil Khushalani Hon. Jt. Secretaries

As at 31-3-2018

`

Property & Assets Schedule Page No. As at 31-3-2019

` 13,29,520 Immovable Properties V 70 11,96,568

30,93,978 Other Fixed Assets VI 70 27,37,755

2,60,90,000 Investments in Bank FD's VIIA 73 2,99,25,616

1,98,559 Investments in Staff FD's VIIB 74 4,48,726

1,39,532 Closing Stock VIII 75 42,912

19,64,561 Advances & Deposits IX 76 18,34,980

Cash & Bank Balances :

5,21,445 Saving & Current Bank Account XA 77 11,34,806

27,191 Cash & Court Fees Stamps Balances XB 77 44,363

3,33,64,786 Total 3,73,65,726

Note : Previous years Figures have been re-grouped / re-arranged wherever found necessary.

62


The Goods & Services Tax Practitioners' Income and Expenditure Account

Year ended 31-3-2018

`

Expenditure Annexure Page No. Year ended 31-3-2019

`Establishment Expenses :

24,23,814 a) Expenses on Human Resources A 78 25,90,127

b) Administrative Expenses : 1,00,783 Electricity Charges 90,279

91,078 Telephone Charges B 78 81,739 2,19,928 Printing & Stationery 1,66,918

81,195 Postal & Courier Charges 1,39,013 19,013 Xerox and Printing Charges 2,269 19,176 Conveyance Charges 16,439 89,699 Sundry Expenses 55,025

3,018 Prize Distribution Expenses 6,048 34,732 SMS Expenses - General 15,423

– Email Charges 695

c) Professional Fees : 20,500 Legal & Professional Fees 65,500 27,500 Audit Fees 27,500

78,817 d) Repairs & Maintenance Charges 88,287

e) Financial Charges : 5,760 Bank Charges 5,268

12,757 Online Bank Charges 16,081 – Credit Card Charges 4,327

f) Expenditure in respect of Property : 66,385 Society Charges (Mazgaon Tower) 61,948

4,164 Insurance Charges 4,162 1,05,079 Mazgaon Tower Repairs 19,200

Expenditure on the Objects of the Association :Educational Expenses :

15,53,826 i Journal (GST Review) C 79 16,17,617 ii Publications :

1,90,144 Own Publications D 79 3,36,579 1,69,185 Other Publications DI 80 63,510

26,99,660 iii Referencer Printing Charges F 81 20,00,192 25,592 iv Study Circle Meetings 42,081

1,23,402 v Library Expenses E 80 1,02,159 1,350 vi News Bulletin 36,652

81,66,556 c/f Total 76,55,038

63


Association of Maharashtrafor the year ended 31st March, 2019


`

Income Annexure Page No.


` 31,62,250 Membership Fees N 91 30,63,350

Income From Investments :

15,77,031 a) Interest on Bank Fixed Deposits - BOI 13,05,580 3,45,101 Interest on Bank Fixed Deposits - SBI 5,98,988

– Interest on Bank Fixed Deposits - BOM 20,606 67 Interest on Saving Bank UBI 10,089

– Interest on Saving Bank BOM 4,605.00 4,187 Interest on Saving Bank BOI 13,146.00

19,22,199 Total 19,53,014 Less:-i) Trans. To Felicitation/Memorial and

70,970 Award Fund. 74,042 11,393 ii) Trans. to Library Fund 10,935

iii) Trans. to Employees Provident Payable 20,606 82,363 Total 1,05,583 18,47,431

– b) Interest on I.Tax Refund 2,378 11,405 c) Interest on LIC Gratuity Receivable 12,518

– d) Interest on Bank Fixed Deposits - BOI (Staff PF)

8,600

Income From Educational Activities : 9,33,737 i. Journal (GST Tax Review) C 79 9,49,150

ii. Income from Sale of Publications : 2,10,860 a) Sale of Own Publications D 79 4,44,084 2,24,260 b) Sale of Other Publications DI 80 83,100

26,50,132 c) Publication of Referencer F 81 26,60,044

iii. Income from Refresher Courses & Seminars:

13,79,398 a) 2 Full Day Seminars on 13 & 14 May 2017 at Vile Parle

55,118 b) Half Day Seminar on 21-12-17 at The Mysore Association Auditorium

26,63,000 c) 42nd Residential Refresher Course at Bengaluru

– d) Full Day Seminar on GST on 29-6-2018 at Swatantryaveer Savarkar Rashtriya Smarak, Dadar

G 82 6,66,703

– e) Half Day Seminar on GST on 17-10-2018 at Mysore Association Auditorium, Matunga

H 85 2,56,600

– f) 43rd Residential Refresher Course at Pondicherry

L 89 18,77,500

1,31,29,996 Total 1,18,71,458

64


The Goods & Services Tax Practitioners' Income and Expenditure Account

As per our report of even date For Sheth Doshi and Associates (Regd) Chartered Accountants Firm No. 110052W



`

Expenditure Annexure Page No. Year ended 31-3-2019

` 81,66,556 b/f 76,55,038

vii Expenditure on Refresher Courses & Seminars : 10,67,121 a) 2 Full Day Seminar on 13 & 14 May 2017 at Vile Parle –

53,977 b) Half Day Seminar on 21-12-17 at The Mysore Association Auditorium

–

25,59,862 c) 42nd Residential Refresher Course at Bengaluru – – d) Full Day Seminar on GST on 29-6-2018 at

Swatantryaveer Savarkar Rashtriya Smarak, DadarG 82 4,26,159

– e) Half Day Seminar on GST on 17-10-2018 at Mysore Association Auditorium, Matunga

H 85 1,50,355

– 43rd Residential Refresher Course at Pondicherry L 89 18,03,630

56,234 viii) Outstation Seminar 60,109

ix) Expenditure on other Educational Activities : 94,790 a) Orientation Course on Model GST Law 2017-18 –

1,68,214 b) 6 Days Orientation Course 17-18 at Thane – 19,890 c) Q/A, Brain Trust Session at Thane – 22,744 d) Prop - Intensive Study Course 2016-17 – 48,241 e) Workshop on GST 2017-18 – 80,863 f) 32nd Batch of Coaching Class 2017-18 –

– g) Workshop on GST 2018-19 GI 83 31,067 1,29,240 h) Prop - Intensive Study Course 2017-18 GII 84 36,370

65,424 i) Webinar Live Streaming Expenses 1,55,895 27,366 j) Mega Guidance Cell 52,834 63,869 k) Website Expenses 35,902

– l) 33rd Batch of Coaching Class 2018-19 I 86 1,90,757 – m) Prop - Intensive Study Course 2018-19 M 90 99,239

x) Social Events : 27,391 a) Diwali Get together & Foundation Day Celebration 39,496

– b) International Yoga Day. 21-6-2018 11,579 27,641 c) AGM Meeting Expenses 88,339

2,038 d) SGM Meeting Expenses – 5,443 e) Election Expenses 2,797

68,870 f) Committee Meetings Expenses 53,731 48 g) Interest - Service Tax –

– h) Interest on TDS 697 27,240 i) Felicitation Expenses 16,550

– j) TDS - Late Filling Charges 802

xi) Deficit from Seminar Jointly held 4,517 Joint Seminar with MACCIA, AIFTP, TPA Nashik at Shri

Kadayta Bhavan –

– Triangular Box Cricket Tournament 2018-19 K 88 7,920

6,00,254 Depreciation 5,26,222

1,33,87,833 1,14,45,488 8,84,851 Excess of Income over Expenditure 9,97,534

1,42,72,684 Total 1,24,43,022

65


Association of Maharashtrafor the year ended 31st March, 2019


`

Income Annexure Page No.


` 1,31,29,996 b/f 1,18,71,458

Surplus from Seminar Jointly held 78,069 a) 2 Full Days Seminar on GST Jointly with GSTPAM &

MCTC at Malad–

1,17,587 b) Full Day Seminar on GST Jointly with MCTC & GSTPAM at Malad

–

10,400 c) Full Day Seminar jointly with MACCIA at Babasaheb Dhanukar Hall

–

44,193 d) Joint Workshop on GST Law 2017-18 – 3,209 e) Triangular Box Cricket Tournament 2017-18 –

– f) Joint Workshop on GST Law 2018-19 J 87 61,728

Income From other Educational Activities : 2,59,000 a) Orientation Course on Model GST Law 2017-18 – 1,91,400 b) 6 Days Orientation Course 17-18 at Thane –

19,240 c) Q/A, Brain Trust Session at Thane – 34,773 d) Prop - Intensive Study Course 2016-17 –

1,04,800 e) Workshop on GST 2017-18 – 1,01,935 f) 32nd Batch of Coaching Class 2017-18 1,42,354 g) Intensive Study Course 2017-18 GII 84 61,009

– h) Workshop on GST 2018-19 GI 83 75,670 – g) Prop - Intensive Study Course 2018-19 M 90 1,20,956 – i) 33rd Batch of Coaching Class 2018-19 I 86 2,40,847

35,727 Miscellaneous Income 11,354

1,42,72,684 Total 1,24,43,022

Pradip R. Kapadia Dinesh Tambde Raj Shah Aalok Mehta President Vice-President Hon. Treasurer Sunil Khushalani Hon. Jt. Secretaries

66


Schedules to Balance Sheet as at 31-3-2019

SCHEDULE I

31.03.2019

`

Balance as per last balance sheet 19,11,478

Admission Fees :

Received during the year

1 Life Members Local 27 X 800 = 21,600

Life Members Outstation 26 X 800 = 20,800

Conversion From Ord to Life Local 11 X 500 = 5,500

Conversion From Ord to Life Out 6 X 500 = 3,000

2 Ordinary Members Local 58 X 500 = 29,000

Ordinary Members Local (Conversion) 1 X 300 = 300

Ordinary Members Local 6 X 800 4,800

Ordinary Members Outstation 62 X 500 = 31,000 1,16,000

Total 20,27,478

SCHEDULE II

31.03.2019

`

Balance as per last balance sheet 67,57,301

Life Membership Fees :

Received during the Year 70 X 10,000 = 7,00,000 7,00,000

Total 74,57,301

67


Schedule IIIA : Felicitation, Memorial & Awards Funds & Students Prize Funds

Schedule III BSr. No.

Name Op. Balance

01.04.2018

Received during the

year

Add Interest .@

6.50%

Less Books Purchase

Closing Balance

31.03.2019` ` ` ` `

1 Library Fund (B) 1,68,227 – 10,934.76 38,965 1,40,197

Total (A + B) 13,07,335 – 84,976.82 77,939 13,14,373

Sr. No.

Name Op. Balance

1-4-2018

Received during

the year

Add Interest

@6.50%

Less Prize given

Closing Balance

31-3-2019` ` ` ` `

1 Past President Memorial Fundi) Created out of Association Fund (For Best Speaker in Study Circle Meeting, Best Writer of Article for “GST Review” and Championship in all Sports activities.)

62,125 – 4,038.13 2,400 63,763

ii) Contribution from Mr. Arvind Thakkar (For Conducting Lecture Series)

1,29,261 – 8,401.97 7,249 1,30,414

2 V. G. Varde & M. S. Sane & K. B. Kayastha Memorial Fund (For Best Article in “GST Review”)

54,627 – 3,550.76 – 58,178

3 Satishchand Laxmichand Memorial Fund (For Best Pleader in Mock Tribunal)

28,231 – 1,835.02 1,600 28,466

4 M. D. Ranade & R. S. Bapat (Best Paper writer RRC & Best Column Writer in STR)

31,055 – 2,018.58 1,600 31,474

5 Bharat D. Vasani Prize Fund (For Best Paper Writer in NRRC)

1,14,435 – 7,438.28 – 1,21,873

6 Smt. Banuben Vora Education Fund (For securing highest percentage of marks in the M. Com Examination)

32,081 – 2,085.27 – 34,166

7 Pourana & Gala & Gala Memorial Prize i) For securing highest percentage of marks in the B. Com Examination ii) For securing highest marks in the paper of Accountancy in the B.Com. Examination

35,470 – 2,305.55 – 37,776

8 Bharat D. Vasani Prize Fund (For C.A.- Final Exam.) 72,043 – 4,682.80 – 76,726 9 T. B. Lulla Memorial Prize Fund (For Best Participant of

Moot Court Competition) 1,64,662 – 10,703.03 – 1,75,365

10 T. B. Lulla Memorial Prize Fund (for Best Outstation Seminar)

1,40,774 – 9,150.31 8,625 1,41,299

11 D.M. Gala Prize Fund 1,04,200 – 6,773.00 14,150 96,823 12 Other Funds (Combined) (For 10th & 12th - Exam.) 1,70,144 – 11,059.36 3,350 1,77,853

Total (A) 11,39,108 – 74,042.06 38,974 11,74,176

68


Schedule IV : LiabilitiesSchedule IVA : Liabilities for Expenses

Particulars 31.03.2019 31.03.2018

` `1 Sheth Doshi & Associates (Audit & Professional Charges) 29,700 29,700 2 Outstanding Telephone Charges 6,931 8,589 3 Outstanding Exp Website Maintenance Charges – 18,000 4 Outstanding Expenses for Electricity (Maz. Tower & Library) 5,890 5,500 5 Outstanding Expenses for Postage & Courier Charges 13,275 –6 Provision for TDS 3,300 14,903 7 Provision for GST 6,644 –8 Prov for RCM on Import Services 2,788 – 9 Staff Leave Encashment – 67,303 10 Finesse Graphics & Prints Pvt. Ltd. – 2,25,007 11 Refundable - 42nd RRC Bengaluru – 3,09,000 12 Amitkumar Corporation – 180 13 Vichare Courier – 16,104 14 All India Federation Tax Practitioners (Joint Workshop) 51,528 40,193 15 The Malad Chamber of Tax Consultants (Joint Workshop) 38,728 44,193 16 The Malad Chamber of Tax Consultants (Box Cricket Tournament) 5,528 64,732 17 WIRC (Joint Workshop) 13,728 – 18 Outstanding Creditors for Webinar Expenses – 49,020 19 Malad Chamber of Tax Consultants 75 –20 V V Agashe 180 –21 New Book Corporation 10,800 – 22 Parekh Novelties 4,928 – 23 Dhandeep Stationery & Xerox 3,638 –

1,97,661 8,92,424

69


Schedule IVB : Liabilities for Advances & Deposits ReceivedParticulars 31.03.2019 31.03.2018

` `1 Intensive Study Course (Advance for Balance Lectures) 59,800 61,009 2 Advance Subscription (Non Members) – 2,000 3 Advance Membership Fees (Outstation) – 8,775 4 Advance Membership Fees (Local) – 3,000 5 Advance Membership Fees (Local) 18-19 – 1,95,819 6 Advance Membership Fees (Local) 19-20 7,31,250 49,019 7 Advance Membership Fees (Local) 20-21 3,21,300 31,860 8 Advance Membership Fees (Local) 21-22 32,700 9 Advance Membership Fees (Outstation) 18-19 – 68,225

10 Advance Membership Fees (Outstation) 19-20 3,87,375 20,543 11 Advance Membership Fees (Outstation) 20-21 2,70,125 6,638 12 Advance Membership Fees (Outstation) 21-22 9,000 13 Advance Service Charges 18-19 – 26,400 14 Advance Service Charges 19-20 2,79,600 9,000 15 Advance Service Charges 20-21 1,65,000 4,800 16 Advance Service Charges 21-22 25,800 17 Advance Subscription 18-19 – 18,725 18 Advance Subscription 19-20 1,46,000 4,000 19 Advance Subscription 20-21 50,000 1,000 20 Advance Subscription 21-22 7,000 21 Advance Admission Fees 2,500 2,000 22 Advance Renewal Fees - Zumberlal Mahesh 1,475 –23 Advance New Membership Fees 57,083 24 Receipts - Full Day Seminar 5.4.19 6,82,794 –

Total 32,28,802 5,12,812

70


Fixed AssetsSchedule V : Immovable Properties

Particulars of Assets WDV as on

1-4-2018

Addition Deduction during the

year

Total Rate of depre-ciation

%

Depreciation up to

31-3-2019

Balance as on

31-3-2019on or before

30-9-2018

on or after 1-10-2018

` ` ` ` ` ` ` `Office Premises (A) 13,29,520 – – – 13,29,520 10% 1,32,952 11,96,568

Schedule VI : Other Fixed AssetsFurniture & Fixtures(Mazgaon Library)

15,52,559 – – – 15,52,559 10% 1,55,256 13,97,303

Furniture & Fixtures - (Office) 1,44,515 – – – 1,44,515 10% 14,452 1,30,064 Furniture & Fixtures - (Bandra Library)

4,20,921 – – – 4,20,921 10% 42,092 3,78,829

Signage Boards (Maz.Library) 1,56,154 3,515 – – 1,59,669 10% 15,967 1,43,702 Electric Fittings 1,05,690 – – – 1,05,690 10% 10,569 95,121 Air Conditioners (Maz.Tower) 60,817 – – – 60,817 15% 9,123 51,694 Air Conditioners (Maz. Library) 2,17,767 – – – 2,17,767 15% 32,665 1,85,102 EPBX System (Maz. Tower) 1,098 – – – 1,098 15% 165 933 EPBX System (Maz. Library) 10,897 – – – 10,897 15% 1,635 9,262 Amplifier & Loudspeaker 26,466 – – – 26,466 15% 3,970 22,496 Water Cooler 12,283 – – 12,283 15% 1,842 10,441 Water Purifier (Maz.Library) 8,008 – – – 8,008 15% 1,201 6,807 Water Purifier (Maz. Tower) 7,069 2,396 – – 9,465 15% 1,420 8,045 Camera 2,462 – – – 2,462 15% 369 2,093 CCTV Camera (Maz.Tower) 11,393 – – – 11,393 15% 1,709 9,684 CCTV Camera (Maz.Library) 44,045 – – – 44,045 15% 6,607 37,438 Cleaning Machine 484 – – – 484 15% 73 411 Fax Machine 2,200 – – – 2,200 15% 330 1,870 LCD Projector 54,024 – – – 54,024 15% 8,104 45,920 Attendance Recording System 18,487 – – – 18,487 15% 2,773 15,714 Credit Card Machine 18,203 – – – 18,203 15% 2,730 15,473 Mobile Charging Unit - Maz Lib 9,261 – 655 – 9,916 15% 1,438 8,478 Mobile - – 6,806 – 6,806 15% 510 6,296 Website 88,206 – – – 88,206 25% 22,052 66,155 Computer & Accessories 1,20,812 – 8,184 – 1,28,996 40% 49,962 79,035 Software Package 1 – – – 1 40% – 1 Mass E-Mail Software 1 – – – 1 40% – 1 Mass SMS Software 1 – – – 1 40% – 1 Account Software Package 154 15,490 – – 15,644 40% 6,258 9,386

(B) 30,93,978 21,401 15,645 – 31,31,024 3,93,270 27,37,755

Total (A + B) 44,23,498 21,401 15,645 – 44,60,544 5,26,222 39,34,323

71


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19.04

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19.04

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– 3,

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242

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.04.20

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19.04

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19.04

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29.04

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29.04

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29.04

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29.04

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175

29.04

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29.04

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32,57

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– –

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293

03.06

.2017

03.06

.2018

5,00

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29,05

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813

294

03.06

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03.06

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5,00

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29,05

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– 6,

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– –

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346

913

295

03.06

.2017

03.06

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5,00

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29,05

7 –

5,29

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– 6,

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––

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1013

296

03.06

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03.06

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29,05

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1113

297

03.06

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03.06

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29,05

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1213

298

03.06

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03.06

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29,05

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1313

299

03.06

.2017

03.06

.2018

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1413

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03.06

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03.06

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5,00

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29,05

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1513

301

03.06

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03.06

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1613

302

03.06

.2017

03.06

.2018

5,00

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29,05

7 –

5,29

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346

– –

– –

– 6,

346

1713

303

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

1813

304

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

––

– –

– 6,

346

1913

305

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2013

306

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2113

307

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2213

308

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2313

309

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2413

310

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2513

311

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2613

312

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2713

313

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

––

– 6,

346

2813

314

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

2913

315

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

––

– 6,

346

3013

316

03.06

.2017

03.06

.2018

5,00

,000

29,05

7 –

5,29

,057

– 6,

346

– –

– –

– 6,

346

3112

0513

.06.20

1813

.09.20

18–

– 5,

00,00

0 5,

00,00

0 –

7,56

2 –

– –

– –

7,56

2 32

1206

13.06

.2018

13.09

.2018

––

5,00

,000

5,00

,000

– 7,

562

– –

– –

– 7,

562

3312

0713

.06.20

1813

.09.20

18–

– 5,

00,00

0 5,

00,00

0 –

7,56

2 –

– –

– –

7,56

2 34

1359

910

.10.20

1710

.10.20

18 5,

00,00

0 15

,734

– 5,

15,73

4 –

18,09

2 –

– –

– –

18,09

2 35

1360

010

.10.20

1710

.10.20

18 7,

00,00

0 22

,028

– 7,

22,02

8 –

25,32

8 –

– –

– –

25,32

8 36

1360

110

.10.20

1710

.10.20

18 5,

00,00

0 15

,734

– 5,

15,73

4 –

18,09

2 –

– –

– –

18,09

2 37

1360

210

.10.20

1710

.10.20

18 5,

00,00

0 15

,734

– 5,

15,73

4 –

18,09

2 –

– –

– –

18,09

2 38

1360

310

.10.20

1710

.10.20

18 5,

00,00

0 15

,734

– 5,

15,73

4 –

18,09

2 –

– –

––

18,09

2 39

1220

02.08

.2018

01.10

.2018

––

5,00

,000

5,00

,000

– 4,

726

– –

– –

– 4,

726

4012

2102

.08.20

1801

.10.20

18–

– 5,

00,00

0 5,

00,00

0 –

4,72

6 –

––

– –

4,72

6

Sche

dule

VII

A :

Inve

stm

ents

72


Sr.

No.

DETA

ILS O

F FDR

Op. b

al.

Princ

ipal

Amou

nt of

FDR

1-4-20

18 `

Op. b

al.

Accru

ed

Intere

st of

FDR

1-4-20

18 `

Invest

ed

Durin

g Th

e Yea

r `

FDR

Matur

ed

Durin

g Th

e Yea

r `

Exce

ss Pr

ovisi

on

in Ea

rlier

year

(T

DS

effec

t)

Intere

st Re

ceive

d Du

ring

The P

eriod

`

Intere

st Re

ceiva

ble

Up To

31

-3-20

19 `

Cl. B

al of

Princ

ipal

Amt.

of FD

R `

TDS

A.Y.

2019

-20

Clos

ing

Bal. o

f Ac

crued

Int

erest

on FD

R `

Total

Inv

estme

nt In

F.D.R.

as

on

31-3-

2019

`

TOTA

L IN

TERE

ST

4112

3513

.09.20

1813

.12.20

18–

– 5,

00,00

0 5,

00,00

0 –

7,47

9 –

––

––

7,47

9 42

1236

13.09

.2018

13.12

.2018

––

5,00

,000

5,00

,000

– 7,

479

– –

– –

– 7,

479

4312

3713

.09.20

1813

.12.20

18–

– 5,

00,00

0 5,

00,00

0 –

7,47

9 –

– –

– –

7,47

9 44

1390

031

.03.20

1831

.03.20

19 10

,00,00

0 –

– 10

,00,00

0 –

59,42

1 –

– –

– –

59,42

1 45

1390

131

.03.20

1831

.03.20

19 10

,00,00

0 –

– 10

,00,00

0 –

67,65

2 –

––

––

67,65

2 46

1390

231

.03.20

1831

.03.20

19 10

,00,00

0 –

– 10

,00,00

0 –

67,65

2 –

––

––

67,65

2 47

1390

331

.03.20

1831

.03.20

19 10

,00,00

0 –

– 10

,00,00

0 –

67,65

2 –

––

– –

67,65

2 48

1405

004

.06.20

1804

.06.20

19–

– 5,

00,00

0 –

– 27

,249

5,00

,000

– 27

,249

5,27

,249

27,24

9 49

1405

104

.06.20

1804

.06.20

19 –

– 5,

00,00

0 –

––

27,24

9 5,

00,00

0 –

27,24

9 5,

27,24

9 27

,249

5014

052

04.06

.2018

04.06

.2019

––

5,00

,000

– –

– 27

,249

5,00

,000

– 27

,249

5,27

,249

27,24

9 51

1405

304

.06.20

1804

.06.20

19–

– 5,

00,00

0 –

– –

27,24

9 5,

00,00

0 –

27,24

9 5,

27,24

9 27

,249

5214

054

04.06

.2018

04.06

.2019

––

5,00

,000

––

– 27

,249

5,00

,000

– 27

,249

5,27

,249

27,24

9 53

1405

504

.06.20

1804

.06.20

19 –

– 5,

00,00

0 –

––

27,24

9 5,

00,00

0 –

27,24

9 5,

27,24

9 27

,249

5414

056

04.06

.2018

04.06

.2019

– –

5,00

,000

– –

– 27

,249

5,00

,000

– 27

,249

5,27

,249

27,24

9 55

1419

531

.07.20

1831

.07.20

19–

– 5,

00,00

0 –

––

22,31

9 5,

00,00

0 –

22,31

9 5,

22,31

9 22

,319

5614

196

31.07

.2018

31.07

.2019

– –

5,00

,000

– –

– 22

,319

5,00

,000

– 22

,319

5,22

,319

22,31

9 57

1419

731

.07.20

1831

.07.20

19 –

– 5,

00,00

0 –

––

22,31

9 5,

00,00

0 –

22,31

9 5,

22,31

9 22

,319

5814

198

31.07

.2018

31.07

.2019

– –

5,00

,000

– –

– 22

,319

5,00

,000

– 22

,319

5,22

,319

22,31

9 59

4507

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 60

4508

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 61

4509

13.06

.2018

13.09

.2019

– –

5,00

,000

- –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 62

4510

13.06

.2018

13.09

.2019

– –

5,00

,000

– –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 63

4511

13.06

.2018

13.09

.2019

– –

5,00

,000

– –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 64

4512

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 65

4513

13.06

.2018

13.09

.2019

– –

5,00

,000

– –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 66

4514

13.06

.2018

13.09

.2019

– –

5,00

,000

– –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 67

4515

13.06

.2018

13.09

.2019

– –

5,00

,000

– –

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 68

4516

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 69

4517

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 70

4518

13.06

.2018

13.09

.2019

– –

5,00

,000

––

– 26

,838

5,00

,000

– 26

,838

5,26

,838

26,83

8 71

1359

910

.10.20

1810

.10.20

19 –

– 5,

33,82

6 –

––

16,92

7 5,

33,82

6 –

16,92

7 5,

50,75

3 16

,927

7213

600

10.10

.2018

10.10

.2019

– –

7,47

,356

– –

– 23

,698

7,47

,356

– 23

,698

7,71

,054

23,69

8 73

1360

110

.10.20

1810

.10.20

19–

– 5,

33,82

6 –

– –

16,92

7 5,

33,82

6 –

16,92

7 5,

50,75

3 16

,927

7413

602

10.10

.2018

10.10

.2019

– –

5,33

,826

– –

– 16

,927

5,33

,826

– 16

,927

5,50

,753

16,92

7 75

1360

310

.10.20

1810

.10.20

19–

– 5,

33,82

6 –

– –

16,92

7 5,

33,82

6 –

16,92

7 5,

50,75

3 16

,927

7612

3513

.12.20

1813

.12.20

19–

– 5,

00,00

0 –

––

9,94

8 5,

00,00

0 –

9,94

8 5,

09,94

8 9,

948

7712

3613

.12.20

1813

.12.20

19–

– 5,

00,00

0 –

––

9,94

8 5,

00,00

0 –

9,94

8 5,

09,94

8 9,

948

7812

3713

.12.20

1813

.12.20

19–

– 5,

00,00

0 –

– –

9,94

8 5,

00,00

0 –

9,94

8 5,

09,94

8 9,

948

7914

624

30.03

.2019

30.03

.2020

7,50

,000

134

7,50

,000

– 13

4 7,

50,13

4 13

4 80

1390

131

.03.20

1931

.03.20

20 10

,67,65

2 –

10,67

,652

––

10,67

,652

–81

1390

231

.03.20

1931

.03.20

20 10

,67,65

2 –

10,67

,652

– –

10,67

,652

– 82

1390

331

.03.20

1931

.03.20

20 10

,67,65

2 –

10,67

,652

––

10,67

,652

–

A

2,20

,00,00

0 10

,00,82

2 2,

38,35

,616

2,70

,00,82

2 –

5,82

,121

7,23

,459

1,98

,35,61

6 –

7,23

,459

2,05

,59,07

5 13

,05,58

0

73


Sr.

No.

DETA

ILS O

F FDR

Op. b

al.

Princ

ipal

Amou

nt of

FDR

1-4-20

18 `

Op. b

al.

Accru

ed

Intere

st of

FDR

1-4-20

18 `

Invest

ed

Durin

g Th

e Yea

r `

FDR

Matur

ed

Durin

g Th

e Yea

r `

Exce

ss Pr

ovisi

on

in Ea

rlier

year

(T

DS

effec

t)

Intere

st Re

ceive

d Du

ring

The P

eriod

`

Intere

st Re

ceiva

ble

Up To

31

-3-20

19 `

Cl. B

al of

Princ

ipal

Amt.

of FD

R `

TDS

A.Y.

2019

-20

Clos

ing

Bal. o

f Ac

crued

Int

erest

on FD

R `

Total

Inv

estme

nt In

F.D.R.

as

on

31-3-

2019

`

TOTA

L IN

TERE

ST

INVE

STME

NT IN

BAN

K DE

POSIT

S,WIT

H ST

ATE B

ANK

OF IN

DIA

8337

6184

3969

228

.03.20

1828

.07.20

19 5,

00,00

0 35

1 –

– –

– 32

,799

5,00

,000

3,28

0 29

,870

5,29

,870

32,79

9 84

3761

8447

784

28.03

.2018

28.07

.2019

5,00

,000

351

––

– –

32,79

9 5,

00,00

0 3,

280

29,87

0 5,

29,87

0 32

,799

8537

6184

4837

028

.03.20

1828

.07.20

19 5,

00,00

0 35

1 –

––

– 32

,799

5,00

,000

3,28

0 29

,870

5,29

,870

32,79

9 86

3761

8448

857

28.03

.2018

28.07

.2019

5,00

,000

351

– –

––

32,79

9 5,

00,00

0 3,

280

29,87

0 5,

29,87

0 32

,799

8737

6184

4935

128

.03.20

1828

.07.20

19 5,

00,00

0 35

1 –

– –

– 32

,799

5,00

,000

3,28

0 29

,870

5,29

,870

32,79

9 88

3761

8449

769

28.03

.2018

28.07

.2019

5,00

,000

351

––

– –

32,79

9 5,

00,00

0 3,

280

29,87

0 5,

29,87

0 32

,799

8937

6184

5038

828

.03.20

1828

.07.20

19 5,

00,00

0 35

1 –

––

– 32

,799

5,00

,000

3,28

0 29

,870

5,29

,870

32,79

9 90

3761

8453

640

28.03

.2018

28.07

.2019

5,90

,000

414

– –

– –

38,70

3 5,

90,00

0 3,

871

35,24

6 6,

25,24

6 38

,703

9137

7591

3348

911

.06.20

1811

.09.20

21–

– 10

,00,00

0 –

– –

55,11

5 10

,00,00

0 5,

512

49,60

3 10

,49,60

3 55

,115

9237

7591

3420

111

.06.20

1811

.09.20

21–

– 10

,00,00

0 –

––

55,11

5 10

,00,00

0 5,

512

49,60

3 10

,49,60

3 55

,115

9337

7591

3472

211

.06.20

1811

.09.20

21–

– 10

,00,00

0 –

– –

55,11

5 10

,00,00

0 5,

512

49,60

3 10

,49,60

3 55

,115

9437

7591

3516

911

.06.20

1811

.09.20

21–

– 10

,00,00

0 –

– –

55,11

5 10

,00,00

0 5,

512

49,60

3 10

,49,60

3 55

,115

9537

7591

3582

811

.06.20

1811

.09.20

21 –

– 5,

00,00

0 –

––

27,55

8 5,

00,00

0 2,

756

24,80

2 5,

24,80

2 27

,558

9637

7591

3618

411

.06.20

1811

.09.20

21–

– 5,

00,00

0 –

––

27,55

8 5,

00,00

0 2,

756

24,80

2 5,

24,80

2 27

,558

9737

7591

3660

511

.06.20

1811

.09.20

21–

– 5,

00,00

0 –

– –

27,55

8 5,

00,00

0 2,

756

24,80

2 5,

24,80

2 27

,558

9837

7591

3696

711

.06.20

1811

.09.20

21–

– 5,

00,00

0 –

– –

27,55

8 5,

00,00

0 2,

756

24,80

2 5,

24,80

2 27

,558

40,90

,000

2,87

1 60

,00,00

0 –

––

5,98

,988

1,00

,90,00

0 59

,903

5,41

,956

1,06

,31,95

6 5,

98,98

8 TO

TAL

2,60

,90,00

0 10

,03,69

3 2,

98,35

,616

2,70

,00,82

2 –

5,82

,121

13,22

,447

2,99

,25,61

6 59

,903

12,65

,415

3,11

,91,03

1 19

,04,56

8

CLO

SIN

G B

ALA

NCE

S O

F PR

INCI

PAL

AM

OU

NT

A

CCRU

ED I

NTE

REST

INTE

REST

REC

EIV

ED

BAN

K O

F IN

DIA

FD

1,9

8,35

,616

7

,23,

459

BAN

K O

F IN

DIA

1

3,05

,580

STAT

E BA

NK

OF

IND

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5,4

1,95

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8,98

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2,9

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T

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04,5

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74


Sr.

No.

DETA

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1-4-20

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Durin

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Matur

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The P

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ceiva

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Up To

31

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19 `

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ipal

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of FD

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2019

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Total

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31-3-

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2976

8411

918

.11.20

1718

.11.20

18 18

,587

447

– 19

,034

– 79

1 –

– 80

–

– 79

1 2

6029

7685

055

18.11

.2017

18.11

.2018

19,05

8 45

8 –

19,51

6 –

811

––

82

– –

811

360

2976

8553

318

.11.20

1718

.11.20

18 59

,237

1,42

4 –

60,66

1 –

2,52

1 –

– 25

3 –

– 2,

521

460

2976

8481

218

.11.20

1718

.11.20

18 28

,046

674

– 28

,720

– 1,

194

– –

120

– –

1,19

4 5

6029

7685

929

18.11

.2017

18.11

.2018

17,08

6 41

1 –

17,49

7 –

727

– –

73

– –

727

660

2976

8461

818

.11.20

1718

.11.20

18 31

,488

757

– 32

,245

– 1,

340

––

134

– –

1,34

0 7

6029

7687

904

18.11

.2017

18.11

.2018

20,39

6 49

0 –

20,88

6 –

868

––

87

– –

868

860

3121

3195

408

.08.20

1806

.03.20

19–

– 22

,941

22,94

1 –

794

– 80

–

– 79

4 9

6031

2130

177

08.08

.2018

06.03

.2019

––

17,14

3 17

,143

– 59

4 –

– 60

–

– 59

4 10

6031

2131

466

08.08

.2018

31.12

.2018

– –

15,65

2 15

,652

– 37

3 –

– 38

–

– 37

3 11

6029

7687

904

18.11

.2018

06.03

.2019

––

21,66

7 21

,667

– 38

3 –

– 39

–

– 38

3 12

6031

2129

967

08.08

.2018

08.08

.2019

––

14,85

0 –

––

632

14,85

0 64

56

8 15

,418

632

1360

3121

3160

308

.08.20

1808

.08.20

19 –

– 15

,738

– –

– 67

0 15

,738

67

603

16,34

1 67

0 14

6031

2132

288

08.08

.2018

08.08

.2019

––

47,85

5 –

––

2,03

7 47

,855

204

1,83

3 49

,688

2,03

7 15

6031

2129

729

08.08

.2018

08.08

.2019

– –

27,66

4 –

– –

1,17

8 27

,664

118

1,06

0 28

,724

1,17

8 16

6031

2132

539

08.08

.2018

08.08

.2019

– –

24,86

8 –

––

1,05

9 24

,868

106

953

25,82

1 1,

059

1760

3121

3175

008

.08.20

1808

.08.20

19 –

– 21

,362

– –

– 90

9 21

,362

91

818

22,18

0 90

9 18

6029

7685

055

18.11

.2018

18.11

.2019

– –

20,24

5 –

– –

487

20,24

5 48

43

9 20

,684

487

1960

2976

8553

318

.11.20

1818

.11.20

19 –

– 62

,929

– –

– 1,

513

62,92

9 15

1 1,

362

64,29

1 1,

513

2060

2976

8592

918

.11.20

1818

.11.20

19–

– 18

,151

––

– 43

6 18

,151

44

392

18,54

3 43

6 21

6029

7684

618

18.11

.2018

18.11

.2019

– –

33,45

1 –

– 80

4 33

,451

81

723

34,17

4 80

4 22

6032

7285

320

14.03

.2019

14.03

.2020

– –

11,55

0 –

––

37

11,55

0 4

33

11,58

3 37

23

6032

7283

832

14.03

.2019

14.03

.2020

––

11,74

2 –

– –

37

11,74

2 4

33

11,77

5 37

24

6032

7284

053

14.03

.2019

14.03

.2020

––

36,06

1 –

– –

115

36,06

1 12

10

3 36

,164

115

2560

3272

8420

214

.03.20

1914

.03.20

20–

– 18

,743

– –

– 60

18

,743

6 54

18

,797

60

2660

3272

8437

114

.03.20

1914

.03.20

20 –

– 15

,050

––

– 48

15

,050

5 43

15

,093

48

2760

3272

8459

714

.03.20

1914

.03.20

20 –

– 14

,609

– –

– 46

14

,609

5 41

14

,650

46

2860

3272

8471

214

.03.20

1914

.03.20

20 –

– 13

,413

– –

– 43

13

,413

5 38

13

,451

43

2960

3272

8487

014

.03.20

1914

.03.20

20 –

– 14

,160

––

– 45

14

,160

5 40

14

,200

45

3060

3272

8508

014

.03.20

1914

.03.20

20–

– 17

,101

– –

– 54

17

,101

6 48

17

,149

54

TOTA

L 1,

93,89

8 4,

661

5,16

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2,75

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10,21

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9,18

4 4,

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75


Schedule VIII : Closing Stock As On 31-3-2019

Sr. No.

Particulars Opening Stock

Purchase Qty

Discarded Qty

Sale Qty

Quantity Mazgaon

Tower

Quantity Mazgaon Counter

Quantity Bandra

Counter

Total Rate Closing Stock Value

` `OWN PUBLICATION

1 Compilation of MVAT Rule C.D 305 – – – 300 5 – 305 0.01 1.00 2 Compilation of Gazette & Notification

CD 152 – – – 152 – – 152 0.01 1.00

3 C.J. (CD) New 49 – – – 49 – – 49 – – 4 Letter of Authority 9,998 – – 500 – 9,250 248 9,498 0.41 3,894.18 5 Circular & DDQ C.D - 2011 215 – – – 215 – – 215 0.01 1.00 6 DDQ CD - 2012 146 – – – 146 – – 146 0.01 1.00 7 DDQ CD - 2013 2 – – – – 2 – 2 – –8 37th RRC Papers (Hyderabad) 1 – – – – 1 – 1 0.11 0.11 9 38th RRC Paper (Jaipur) 53 – 51 – 2 – – 2 0.02 0.04 10 39th RRC Paper (New Delhi) 35 – 33 – 2 – – 2 0.03 0.06 11 40th RRC Paper (Amritsar) 30 – 28 – 2 – – 2 – – 12 40th RRC Queries Paper (Amritsar) 48 – 46 – 2 – – 2 0.02 0.04 13 Recent Amendments (2013) 22 – – – 13 9 – 22 – – 14 Beginners Book - 2013-14 182 – 180 – 2 – – 2 0.01 0.02 15 Beginners Book - 2014-15 4 – – – 4 – – 4 – – 16 17th NRRC 1 – – – 1 – – 1 – –17 MSTT Digest 2009-14 39 – – 20 11 8 – 19 286.98 5,452.62 18 Seminar Booklet-14.12.2015 7 – – – 7 – – 7 – – 19 Short Publicatiion - LBT 188 – 186 – 2 – – 2 0.01 0.02 20 Short Publicatiion - Service Tax 70 – – – 10 60 – 70 – – 21 18th NRRC 21 – – – 21 – – 21 – –22 Seminar Booklet-11.05.2016 41 – – – – 41 – 41 – – 23 Seminar Booklet-28.04.2016 3 – – – 3 – – 3 – – 24 Seminar Booklet 22 & 23 Oct 225/- 3 – – – 3 – – 3 – –25 Seminar Booklet 22 & 23 Oct 150/- 32 – 30 – 2 – – 2 – – 26 Table Referencers 2016-17 369 – 364 – 5 – – 5 – –27 Pocket Referencers 2016-17 68 – 66 – 2 – – 2 – – 28 41st RRC Paper 250/- 33 – 26 5 2 – – 2 – – 29 Seminar Booklet 13 & 14 May 200/- 3 – – – – 3 – 3 – –30 Seminar Booklet 12.08.17 100/- 3 – – – 2 1 – 3 – –31 Transitional Provision 50/- 567 – – 171 309 87 – 396 32.00 12,672.00 32 Table Referencers 2017-18 VAT 240 – 31 204 5 – – 5 – –33 Table Referencers 2017-18 GST 62 – – 62 – – – - – – 34 Pocket Referencers 2017-18 30 – – – 1 29 – 30 – – 35 42 nd RRC Paper - Bengaluru 200/- 25 – – 23 – 2 – 2 – –36 Classification of Goods & Service – 616 – 616 – – – - – –37 Composite supply & Mixed Supply – 398 – 338 – 60 – 60 46.43 2,785.80 38 Impact on Construction Industry – 507 – 506 – 1 – 1 88.36 88.36 39 Impact on Hospitality Industry – 322 – 289 – 33 – 33 104.35 3,443.55 40 Place of Supply of Goods & Services – 528 – 471 – 57 – 57 47.73 2,720.61 41 Seminar Booklet 29.06.18 100/- – 132 – 77 – 55 – 55 – – 42 Valuation Under Goods and Services

Tax – 330 – 323 – 7 – 7 56.00 392.00

43 Table Referencers 2018-19 – 4,000 – 4,000 – – – – – –44 Pocket Referencers 2018-19 – 1,000 – 955 4 41 – 45 89.60 4,032.00 45 43rd RRC Paper - Pondicherry – 56 – 22 – 34 – 34 218.40 7,425.60

13,047 7,889 1,041 8,582 1,279 9,752 248 11,313 – 42,912.01

OTHER PUBLICATION

Total 42,912.01

76


Sr. No.

Particulars 31.03.2019 `

31.03.2018 `

1 BEST Deposit 21,701 17,610

2 G.P.O. Deposit 22,174 22,174

3 MTNL (Telephone Deposit) 24,591 24,591

4 TDS On Income Tax Refund AY 2017-18 – 32,072

5 TDS On Income Tax Refund AY 2018-19 45,948 45,948

6 TDS on Advertisement AY 2019-20 6,117 –

7 TDS on Interest AY 2019-20 61,975 –

8 Accrued Interest Receivable 12,65,415 10,03,693

9 Prepaid Expenses for SMS 1,249 1,800

10 LIC of India (Group Gratuity surrender value) 1,73,004 1,60,486

11 GST Paid on Advances Received – 46,728

12 MACCIA – 4,517

13 TPA Nashik – 4,517

14 Prepaid Expenses for Email Charges 2,492 10,386

15 Prepaid Expenses for Internet Charges – 8,264

16 Eureka Forbes Limited – 4,510

17 Reliance Jio Infocomm Limited – 59,000

18 Sreeven Paytech Private Limited – 2,000

19 GST Credit C/f 3,578 3,87,720

20 Bombay Chartered Accountant's Society (Joint Workshop) 2,882 53,193

21 Chamber of Tax Consultants (Joint Workshop) 72,822 59,895

22 WIRC (Joint Workshop) – 1,947

23 Chamber of Tax Consultants (Box Cricket Tournament) – 10,079

24 Advance Receivable from Staff – 3,431

25 Expenses - Full Day Seminar 5.4.19 66,452 –

26 Forbinary Technologies Pvt. Ltd. 28,320 –

27 Taxmann Publications Pvt. Ltd. 36,200 –

28 Thigale Bhalchandra Namdev - Renewal Fees 60 –

Total 18,34,980 19,64,561

Schedule IX : Advances, Receivable and Deposits (Assets)

77


Schedule X : Cash & Bank Balances

Schedule XA : Saving & Current Bank A/c

Sr. No


31.03.2018 `

1 With Bank of India - Mazgaon Branch - C/A No. - 1816 8,76,891 1,26,643

2 With Bank of India - Mazgaon Branch - C/A No. - 1817 38,208 10,131

3 With Bank of India - Mazgaon Branch - S/B A/C No. - 22635 29,970 1,15,574

4 With Bank of Maharashtra - Mazgaon Branch - S/B A/C No. - 60286343400 33,502 1,22,297

5 With State Bank of India - Mazgaon Branch - C/A No. - 36138179257 12,205 12,854

6 With Union Bank of India - Mazgaon Branch - S/B A/C No. - 318302010074917 1,44,030 1,33,946

Total 11,34,806 5,21,445

Schedule XB : Cash and Court Fee Stamps Balances

Sr. No


31.03.2018 `

1 Cash On Hand 19,363 2,191

2 Court Fee Stamps 25,000 25,000

Total 44,363 27,191

78


Annexure B : Telephone Charges

Sr. No Particulars 31.03.2019 `

31.03.2018 `

1 Mazgaon Tower 43,487 51,881

2 Mazgaon Library 22,701 30,585

3 Bandra Library 4,669 4,446

4 Internet Charges 10,882 4,166

Total 81,739 91,078

Annexure A : Expenses on Human Resources & Contractual Service Charges

Sr. No Particulars 31.03.2019 `

31.03.2018 `

1 Salaries 19,23,716 14,27,482

2 Bonus to Staff 1,74,180 1,41,666

3 Employers Cont. to P.F. 1,53,855 1,17,776

4 Staff Welfare 35,659 41,761

5 Staff Leave Encashment 77,609 67,303

6 Medical Allowance 1,69,205 1,18,950

Total A 25,34,224 19,14,938

4 Contractual Service Charges 55,903 5,08,876

Total B 55,903 5,08,876

Total (A+B) 25,90,127 24,23,814

79


Annexure C : Journal (Sales Tax Review) A/c as on 31-3-2019

Year Ended 31.03.2018

`

EXPENDITURE 31.03.2019 `

Year Ended 31.03.2018

`

INCOME 31.03.2019 `

14,17,580 Paper & Printing Charges of Journal

14,92,127 3,59,000 Subscription from Non-Members (350*1000)

3,50,000

1,36,246 Postal & Courier Charges

1,25,490

4,11,000 Subscription Charges for G.S.T.R. from Life Members (752 x 600)

4,51,200

1,58,500 Advertisements Receipts 1,44,800

1,050 Retail Sales 3,150

15,53,826 Total Expenses 16,17,617 9,29,550 Total Income 9,49,150

- Excess of Income over 6,20,089 Excess of Expenses over 6,68,467

Expenses Income

15,53,826 Total 16,17,617 15,49,639 Total 16,17,617

Statement of Books as on 31-3-2019Annexure D

OWN PUBLICATION A B C D E OP. STOCK PURCHASES SALES GST

PAYABLE CL. STOCK SURPLUS

` ` ` ` ` Books & Bulletin A/c 1,31,316 1,97,047 4,04,954 – 34,986 1,11,576 CJCD 4,116 – – – (4,116)Sale of Forms (L. A.) 4,099 – 250 113 3,894 (68)Total 1,39,532 1,97,047 4,05,204 113 38,880 1,07,392

Opening Stock A 1,39,532 Sales C 4,05,204

Add:- Purchase B 1,97,047 Add:-Closing Stock D 38,880

3,36,579 4,44,084

Surplus 1,07,505

Total 4,44,084 4,44,084

80


Annexure D-I OTHER PUBLICATION A B C D E

OP. STOCK PURCHASES SALES CL. STOCK SURPLUS ` ` ` ` `

New Book Corporation – 26,025 34,700 – 8,675 V. V. Agashe – 180 240 – 60 MCTC - Budget Book – 1,050 1,050 – - Taxmann Publications Pvt. Ltd. – 32,565 43,420 – 10,855 Srimad Bhagavad Gita - Hindi – 3,690 3,690 – - Total – 63,510 83,100 – 19,590

Opening Stock A - Sales C 83,100

Add:- Purchase B 63,510 Add:-Closing Stock D -

63,510 83,100

Surplus 19,590

Total 83,100 83,100

ANNEXURE E : Details of Library Expenses

Sr. No. Particulars 31.03.2019 `

31.03.2018 `

1 News Papers & Periodicals & STC Online 41,254 46,407

2 Electricity Charges 52,629 56,882

3 Bandra Office Expenses 6,591 10,081

4 Subcription Membership (IMC) – 4,720

5 Subcription Membership (FAM) 2,500 –

6 Misc.Expenses & Cleaning Materials 675 6,813

1,03,649 1,24,903

Less : Sale of Raddi 1,490 1,501

Total 1,02,159 1,23,402

81


Annexure F : Accounts for Referencer 2018-19Expenditure Amount Income Amount GSTPAM Referencer GSTPAM Referencer :-

4000 x 425.60 = 17,02,400 Sale 2440 x 600 = 14,64,000 Sale 1347 x 650 = 8,75,550 Cost Charged to Coaching class Account

134 x 425.6 = 57,030

Pocket Referencer Cost Charged to 43rd RRC 2 x 425.6 = 851 1000 x 89.6 = 89,600 3923 23,97,432 23,97,432

Amount paid to Finesse Graphics Resale of Referencer 13 x 650 = 8,450 Prints Pvt. Ltd. & Finesse Multimedia 17,92,000

17,92,000 Pocket Referencer :-Sale 948 x 100 = 94,800

Referencer SMS & Email Charges 14,126 948 94,800 94,800

Bank Charges - Credit Card 1,986 Referencer Web Site Charges 1,65,200 Closing Stock Referencer Courier Charges 26,880 Referencer 0 x 425.60 = –

Pocket Referencers 45 x 89.60 = 4,032 4,032

Advertisement Receipt 1,25,000

Postage & courier Charges Received

30,330

20,00,192 26,60,044 Complimentary Referencer :-

77 x 425.60 = - Complimentary Pocket Referencer :-

7 x 89.60 = -

Surplus 6,59,852

Total 26,60,044 Total 26,60,044

82


Annexure G : Account of Full Day Seminar on GST on 29-6-2018 at Swatantryaveer Savarkar Rashtriya Smarak, Dadar

Expenditure Amount ` Income Amount `Hall Charges 63,800 Delegates Fees before 22.06.2018

(Excluding GST)Sound & Projector 5,500 Members 426 x 1271 5,41,445

Catering Charges 2,65,650 Non Members 42 x 1695 71,190 468 6,12,635 6,12,635

Mandap Decorator 31,000 Delegates Fees after 22.06.2018

Kit to Deligates :- (Excluding GST)Folders / Pen / Pad 14,349 Members 9 x 1483 13,347

Photogrphy & Video Shooting Charges 3,000 Non Members 3 x 1907 5,721 12 19,068 19,068

Coupons & Book Printing Materials 28,785 Brochures & Stall Charges

35,000

Mementoes 6,130

Misc. Expenses :-Conveyance for all staff 1,149 Taxi Fare charges 503 Bouque & Other charges 628

SMS & Email Charges 5,665 4,26,159

Surplus 2,40,544

Total Expenses 6,66,703 Total Income 6,66,703

Expenditure Amount ` Income Amount `

Cost of Balance Paper 8,641 Sale of Papers 7,400 (132*65.46) 8,641 Books Sale 74 x 100 7,400

Complimentary Tower, Bandra & Maz Lib.

3 x 65.46 –

Surplus Stock of Papers 3,600 (Trs to Books & Bulletin A/c) 2,360 55 x 65.46 3,600

11,000 11,000

83


Annexure GI : Accounts for Workshop on GST 2018-19 From 28th, 30th Aug & 4th Sept, 2018


Tea Bill / Snacks 16,271 Delegates Fees Received 75,670

(Excluding GST)

Postage & Courier Charges 78

Members :- 65

Xerox Charges 1,281 Fees per Member 1017

66105

Memento to Speaker 2,373

Non Members :- 2

Email & SMS Charges 10,880 Fees per Non Member 1186

Total Fees 2372

Conveyance Charges 164

Attending 1 lecture

Miscellaneous Charges 20 Members 13

Fees per Member 423

5499

Attending 2 lectures

Members 2

Fees per Member 847

1694

31,067

Surplus 44,603

Total 75,670 Total 75,670

84


Annexure GII : Proportionate Accounts of Intensive Study Circle Meeting 2017-18 From 1st April, 2018 to 12th July, 2018


Tea Bill/Snacks 28,951 Delegates Fees Received 61,009

(Excluding GST)

Conveyance & Other Exp 36 6 Lectures out of 20

Members :- 139

Xerox Charges 2,288 Fees per Member 1,271

Total Fees 1,76,669

Memento to Speaker 4,230 Proportionate Fees 53,001

SMS Charges 865 Non Members :- 18

Fees per Non Member 1,483

Total Fees 26,694

Proportionate Fees 8,008

36,370

Surplus 24,639

Total 61,009 Total 61,009

85


Annexure H : Account of Half Day Seminar on GST on 17-10-2018 at Mysore Association Auditorium, Matunga


Hall Charges 32,025 Delegates Fees (Excluding GST)

Sound & Projector 4,800 Members 313 x 600 1,87,800

Catering Charges 63,750 Non Members 61 x 800 48,800 374 2,36,600 2,36,600

Xerox Charges 20,979

Kit to Delegates :- Stall Charges 20,000 Folders / Pen / Pad 9,911

Photography & Video Shooting Charges

9,750

Coupons Printing 700

Mementos 1,460

Misc. Expenses :-Conveyance for all staff 212 Taxi Fare charges 650 Bouquet & Other charges 250

SMS & Email Charges 5,868 1,50,355

Surplus 1,06,245

Total Expenses 2,56,600 Total Income 2,56,600

86


Annexure I : Accounts of 33rd Batch of Coaching Class 2018-19 From 26th November, 2018 to 26th December, 2018


Tea Bill/Snacks 25,272 Delegates Fees Received 2,40,847

(Excluding GST)

Xerox Charges 27,228

Members :- 129

Memento to Speaker 10,380 Fees per Member 1,525

Total Fees 1,96,779

SMS Charges 9,882

Non Members :- 20

Other Expenses 180 Fees per Non Member 2,203

Total Fees 44,068

Bank Charges - Credit Card 320

Referencer 17-18 VAT 134 x 394.15 52,816

Referencer 18-19 134 x 425.60 57,030

Transitional Provision 134 x 32.00 4,288

Printing of Certificates 112 x 30.00 3,360

TOTAL 1,90,757

Surplus 50,090

Total 2,40,847 Total 2,40,847

87


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88


Annexure K : Accounts of Triangular Box Cricket Tournament 2018-19

Expenditure GSTPAM MCTC CTC TOTAL Income GSTPAM MCTC CTC TOTAL

Delegate Fees:-

Rent of Ground & Cleaning 11,144 11,144 22,288 (Excluding GST)

Delegates (Nos.) 23 22 19

Food & Others 26,605 26,605 Fees per Member 763 750 763

Total Fees 17,542 16,500 14,497 48,539

Umpire & Scorer 5,000 5,000

Trophies 8,790 8,790

Mandap Decorator & Lights 6,600 6,600

Miscelleneous Expenses:

Biscuites, Tea & Bislery for Mtg 380 380

Flex Printing 1,426 1,426

First Aid Box 268 268

Conveyance 692 692

Whats App Message Creation Charges 250 250

Net Deficit 23,760

Total Expenses 19,934 38,205 14,160 72,299 Total Income (A + B) 17,542 16,500 14,497 72,299

Particulars GSTPAM MCTC CTC Total

No. of Delegates 23 22 19 64

No. of Guests – – – –

Total Income 17,542 16,500 14,497 48,539

Total Expenses 19,934 38,205 14,160 72,299

Receivable/Payable (2,392) (21,705) 337 (23,760)

Share of Loss of Each Association (7,920) (7,920) (7,920) (23,760)

Net Payable/ Receivable 5,528 (13,785) 8,257 –

89


Annexure L : Account for 43rd RRC at Pondicherry between 31st January, 2019 to 3rd February, 2019 at Accord Hotel


Event Charges 12,82,271 Delegates Fees ( Excluding GST) 20,73,500

Pre-Visit Expenses 36,822 Less : Refund (2,16,000) 18,57,500

Hotel Charges 1,14,137

Advertisement Charges 20,000

RRC Misc Expenses 18,323

SMS Charges 4,681

GST Referencer complimentary 851

Photo Graphy Charges 15,500

Memento to Chief Guests/Speakers 23,420

Travelling Exp 1,81,303

Site Seeing Charges 1,02,983

RRC Folder, Pen & Writing Pad & Delegates Mementos

5,009

RRC Paper Printing Charges 18,330

Total Expenses 18,03,630

Surplus 73,870

18,77,500 18,77,500


Cost of Balance Paper 12,230 Sale of Papers 4,750

(56 x 218.39) (19 x 250)

Complimentary to

PDG.LN. S. Selvaganthi (1 x 218.39)

Shri V. Narayanasamy (1 x 218.39)

Maz Tower (1 x 218.39)

Stock of Papers

(34 x 218.39) 7,425

12,175

Deficit 55

(Trs to Books & Bulletin A/c)

12,230 12,230

90


Annexure M : Proportionate Accounts of Intensive Study Circle Meeting 2018-19 From 1st Sept, 2018 to 16th Mar, 2019


Tea Bill / Snacks 58,739 Delegates Fees Received 1,20,956

(Excluding GST)

Misc. Expenses 66 14 Lectures out of 21

Members :- 102

Xerox Charges 6,732 Fees per Member 1,600

Total Fees 1,63,200

Memento to Speaker 9,421 Proportionate Fees 1,08,800

Sms Charges 24,094 Non Members :- 9

Fees per Non Member 1,800

Bank Charges - Credit Card 187 Total Fees 16,200

Proportionate Fees 10,800

99,239 Attending 1 lecture

Members 4

Surplus 21,717 Fees per Member 339

1,356

Total 1,20,956 Total 1,20,956

91


Annexure N : Ordinary Membership Fees


31.03.2018 `

Local - Ordinary

Rs.1350 x 11 Members 14,850

Rs.1500 x 1300 Members 19,50,000 19,64,850

Rs.1500 x 1374 Members (Prev Year) 20,61,000

Outstation - Ordinary

Rs.1125 x 12 Members 13,500

Rs.1250 x 868 Members 10,85,000 10,98,500

Rs.1250 x 881 Members (Prev Year) 11,01,250

Total 30,63,350 31,62,250

92



A. Significant Accounting Policies

Statement of Significant Accounting Policies:

1 Method of Accounting

Accounts are maintained on accrual basis.

2 Fixed Assets and Depreciation

Fixed assets are stated at cost. Depreciation is provided on fixed assets on written down value method as prescribed under the Income tax Rules.

3 Investments

Investments are stated at cost of acquisition.

4 Inventories

Own Publication issued during the year are valued at cost. Obsolete stock of Compilation of MVAT, Rule C.D., Compilation of Gazette & Notification C.D., Circular DDQ CD-2011, DDQ CD - 2012, DDQ CD - 2013, 37th RRC Paper (Hyderabad), 38th RRC Paper (Jaipur), 39th RRC Paper (New Delhi), 40th RRC Queries Paper (Amritsar), Recent Amendments-2013, Beginners Book - 2013-14, Beginners Book - 2014-15, 17th NRRC, Short Publication - LBT, Short Publication - ST, 18th NRRC, Seminar Booklet 11.5.2016, Seminar Booklet 28.4.2016, Seminar Booklet 22 & 23 Oct, Table Referencer 2016-17, Pocket Referencer 2016-17, 41st RRC Papper, Seminar Booklet 13 & 14 May, Seminar Booklet 12.8.2017, Table Referencer 2017-18 VAT, Pocket Referencer 2017-18, 42nd RRC Paper, Seminar Booklet 29.6.2018 are written off and valued at token value Rs 1/-each.

5 Admission Fees, Donor Membership Fees, Patron Membership Fees and Life Membership Fees

All these fees are capitalised and transferred to respective Fees a/c.

6 Previous year figures have been regrouped/ recast wherever necessary.

Signature to Schedules ‘I’ to ‘XB’ and Annexure ‘A’ to ‘K’

The Schedules/Annexures referred to above form an integral part of the Balance Sheet as at 31st March 2019 and Income and Expenditure Account for the year ended 31st March, 2019.

As per our report of even date For Sheth Doshi and Associates (Regd.) Chartered Accountants Firm No. 110052W


93


94


STUDY CIRCLE MEETINGS 2018-19

Seen from L to R : S/Shri Sunil Khushalani, Jt. Secretary, Raj Shah, Hon. Treasurer, Dinesh Tambde, Vice-President, Aalok Mehta Jt. Secretary, Pradip Kapadia, President, Parind Mehta, Speaker, Parth Badheka, Jt. Convernor, Smt. Shubhada Tulankar, Shri. C. D. Gongle, Shri D. B. Kapratwar & Shri B. N. Patil

SPEAKERS OF STUDY CIRCLE

Shri Parind Mehta

Shri Parth Badheka

Shri Mayur Parekh

Shri Deepak Thakkar

Shri Ashit Shah

Shri Subhash Surte

Shri Ratan Samal

Shri Dharmen Shah

13th August, 2018

4th January, 2019

16th November, 2018

13th February, 2019

4th December, 2018

15th March, 2019

14th December, 2018

14th June, 2019

95


1st Webinar by GSTPAM held on 1st December, 2018

Seen from L to R : Shri Raj Shah, Speaker; Shri Hiral Shah, Jt. Convenor

4th Webinar by GSTPAM held on 17th June, 2019

Seen on dais L to R: Shri Hiral Shah, Convenor; Shri Pranav Kapadia, Speaker,

Shri Ashvin Acharya, Past President

33rd Batch of Coaching Class

Past President Shri Mayur Parekh and Speaker Shri Bharat Gosar inaugurating the 33rd Batch of Coaching Class. Also Seen from L to R : S/Shri Dinesh Tambde, Vice President; Hiral Shah & Jatin Chheda, Jt. Convenors; Pradip Kapadia, President

Mock Tribunal held on 26th December, 2018 at GSTPAM Library Hall, Mazgaon

Seen on dais L to R: Shri Parth Badheka, Mentor; Shri Jatin Chheda, Jt. Convenor; Shri Raj Shah Hon. Treasurer; Shri Pradip Kapadia, President; Shri Dinesh Tambde, Vice President; Shri Hiral Shah, Jt. Convenor

96


Inaugural Mega Guidance Cell Meeting held on 11th September, 2018

Seen from L to R: S/Shri Dinesh Tambde, Vice-President; Pradip Kapadia, President; Vinod Mhaske, Convenor, Vivekanand Rao, Convenor; Durgesh Salunkhe, Deputy Commissioner of CGST; Aalok Mehta, Jt. Secretary; Sunil Khushalani, Jt. Secretary; Raj Shah, Hon. Treasurer; Appasaheb Gorde, Deputy Commissioner of SGST; Rahul Raichur, Assistant Commissioner of CGST (Customs) and Rahul Saraf, Assistant Commissioner of CGST

Workshop on GST Law jointly with AIFTP (WZ), BCAS, CTC, MCTC & WIRC OF ICAI on 17th January, 2019

Seen on dais L to R: Shri Aalok Mehta, Jt. Secretary of GSTPAM; Shri Hinesh Doshi, President of CTC; Shri Deepak Shah, Chairman of AIFTP; Shri Deepak Thakkar, Chairman of Seminar & Workshop Committee; Shri Pradip Kapadia, President of GSTPAM; Shri Sunil Gabhawala, President of BCAS; Shri Vaibhav Sheth, President of MCTC

Inaugural Intensive Study Circle Meeting held on 1st September, 2018

Monitor Shri Pranav Kapadia inaugurating Intensive Study Circle by lighting the lamp.

Seen on dais L to R: Smt. Sonali Bapat & Shri Dilip Nathani, Jt. Convenor; Shri Dharmen Shah, Group Leader; Shri Pradip Kapadia, President; Shri Pranav Kapadia, Monitor; Shri Aalok Mehta, Jt. Secretary

97


Half day Workshop on GST held on 28th & 30th August, 2018 and 4th September, 2018

Seen from L to R : S/Shri Sunil Khushlani, Jt. Secretary; Dinesh Tambde, Vice-President; Deepak Thakkar, Chairman of Seminar & Workshop Committee; Janak Vaghani, Supervisor; Pradip Kapadia, President; Parth Badheka, Presenter and Vinod Mhaske, Convenor

Arvind Thakkar Memorial Lecture held on 7th February, 2019

Shri Sachin Dedhia, Speaker, addressing Members on topic “Cyber Security for Consultant Office”

68th Foundation Day-cum-Diwali get-together Celebration & Musical Program held on 13th December 2018

Past Presidents Shri P. C. Joshi, Shri P. V. Surte and Shri D. M. Gala cutting the Cake on the occasion of Foundation Day

Sham-E-Gazal Programme performed by renowned singer Shri Ajay Tiwari and his team on the occasion of 68th Foundation Day-cum-Diwali get-together

98


Half Day Seminar on Annual Return & Audit under GST was held on 17th October, 2018 at Mysore Hall, Matunga

Seen on dais from L to R: S/Shri Bhaven Mehta, Jt. Convenor; Vinod Mhaske, Jt. Convenor; Sunil Khushalani, Jt. Secretary; Deepak Thakkar, Chairman of Workshop & Seminar Committee; Pradip Kapadia, President; Ashit Shah, Speaker; Dinesh Tambde, Vice-President; Raj Shah, Hon. Treasurer; Aalok Mehta, Jt. Secretary

Half Day Seminar on GST held on 23rd April 2019 at Mazgaon, Mumbai

Seen on dais L to R: S/Shri Jatin Chheda, Jt. Convenor; Deepak Thakkar, Chairman of Seminar & Workshop Committee; Pradip Kapadia, President; Dinesh Tambde, Vice-President; Sunil Khushalani, Jt. Secretary; Vinod Mhaske, Jt. Convenor.

Full Day Seminar on Practical Aspects of GST held on 5th April, 2019 at Swatantryaveer Savarkar Hall at Dadar

On dais from L to R: S/Shri Sunil Khushalani, Jt. Secretary; Raj Shah, Hon. Treasurer; Pradip Kapadia, President; Smt. Sungita Sharma, Chief Guest; Deepak Thakkar, Chairman of Seminar Committee; Dinesh Tambde, Vice-President; Bhaven Mehta, Jt. Convenor; Jatin Chheda, Jt. Convenor.

99


Release of Short Publication authored by Shri Subhash Surte & Narendra Kakde on “Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019” by Chief Guest Smt. Sungita Sharma along with President Shri Pradip Kapadia, Convenor of Publication Committee Shri Ashit Shah & Shri Premal Gandhi and other dignitaries

Release of Short Publication on ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019’

Full Day Seminar organized jointly with Taxation Consultants Association (TCA), Sangli and WIRC, Pune on 1st November, 2018 at Sangli

All dignitaries from left to right:

1st Row – Shri Vinay Dongare, Treasurer, TCA Sangli; Mahesh Thanedar, Convenor, Seminar, Amol Mane, President, TCA Sangli and Convenor, GSTPAM, Outstation Seminar Committee; Mayur Parekh, Speaker; Aditya Surte, Speaker; Pradip Kapadia, President, GSTPAM; Dinesh Tambde, Speaker; Mahesh Madkholkar, Chairman, Outstation Seminar Committee, GSTPAM; Kishor Lulla, Past President, GSTPAM; Sunil Bukate, Secretary, TCA Sangli

2nd Row – Javed Mullad, Managing Committee Member, TCA; Nitin Bang, Vice President, TCA; Sudarshan Kadam, MCM, TCA; Ajit Koli, MCM TCA; Suresh Ojha, MCM TCA; G. M. Bajaj, Past President, TCA

Half Day Seminar organized jointly with Bhiwandi Tax Practitioners Association, Bhiwandi CPE Association held on 22nd December, 2018 at Bhiwandi

Seen from L to R : S/Shri Raj Shah, Speaker, addressing delegates on Topic “Impact of GST on

Textile Industry”, Ankit Agarwal & Pavan Singhal.

100


Shri Rahul Thakar, Speaker, addressing Delegates on topic “Recent Amendments under GST Act.”

Half Day seminar organized jointly with Tax Consultants Association, Sangli (TCA) held on 24th January, 2019

Inauguration of Full Day Seminar at Sangli jointly with Tax Consultants Association (TCA), Sangli held on 26th March, 2019

Seen from L to R : S/Shri Ashit Shah, Speaker, Aditya Seema Pradeep, Speaker; Parth Badheka, Speaker, Amol Mane, President of TCA Sangli; Pradip Kapadia, President of GSTPAM, Javed Mulla, Convenor; Sachin Gidde, Seminar Committee Member; Madhav Kulkarni, Managing Committee member of TCA, Sangli.

Full Day Seminar at Dhule jointly with Dhule District Tax Practitioner’s Association held on 27th April 2019

Seen from L to R : S/ Shri Prem Kundnani, Treasurer; Rakesh Jain - Jt. Secretary; Dhanesh Lunawat - Seminar in charge; Ashit Shah, Speaker; Pradip Kapadia - President GSTPAM; Shivkumar Dongre – President; Pradeep Kshatriya, Speaker; Dharmen Shah, Speaker; Rajaram Kulkarni - Chairman Dhule Branch of WIRC of ICAI; Mahesh Bafna – Secretary; Pradeep Varade - Vice President and Adv. Vipul Nabariya, Convenor.

101


Full Day Seminar on VAT & GST jointly with GSTPAS held on 24th May, 2019 at Kudal

Seen from Left to right CA Vivek Dhuri; Shri Pramod Jambhekar; Shri Ashok Sarang CA Laxman Naik; CA Shantanu Bagve; Adv. Dinesh Tambde, Vice President of GSTPAM; Adv. Abhijeet Berde, Speaker; Shri Hemant Walkar, GSTPAM Member; Shri Raju Jambhekar; CA Shailesh Mundaye; Shri Sanjeev Naik; CA Jayanti Kulkarni

Full Day Seminar jointly with Tax Bar Association, Amravati (TBA) and Vidarbha Tax Practitioners’ Association, Nagpur (VTPA) held on 1st June 2019 at Amravati

Seen from L to R : S/ Shri Pradip Kapadia, President ; R. R. Khandelwal, President Tax Bar Association Amravati, along with faculties of the Seminar Ashit Shah, Dinesh Tambde, Dharmen Shah & Aditya Seema Pradeep, Rajesh Chandak, Jagdish Sharma, R.S. Laddha past President TBA, Ratan Sharma Secretary TBA, and Managing Body Members of TBA.

Full Day Seminar on ‘GST-9, GST-9A, GST-9C and Recent Notifications of CGST Act jointly with The Income Tax & Sales Practitioners’ Association (Library Trust)

Solapur held on 7th July 2019 at Solapur

Inauguration of Seminar form L to R : S/Shri S. S. Loni, President Solapur Association, R. V. Hiremath, Vice-president Solapur Association, Vinayak Nagarkar & C V Shirsode, Chief Guest, Amol Mane and Suhas Padhye, Speaker.

102


2 day outstation Seminar jointly with All India Federation of Tax Practitioners (Western Zone), Aurangabad Branch of WIRC of ICAI & Tax Practitioner’s

Association, held on 16th & 17th February, 2019 at Aurangabad

Seen on dais L to R: S/Shri Salil Lodha, Secretary of AIFTP (WZ); Sachin Lathi, Chairman of Aurangabad Br. of WIRC of ICAI; Deepak Shah, Chairman AIFTP (WZ); Chief Guest Hon’ble Justice S. V. Gangapurwala, Judge Bombay High Court; Dr. Ashok Saraf, National President of AIFTP; Smt. Nikita Badheka, Vice President AIFTP; Pradip R Kapadia, President of GSTPAM; Shankarrao Ambilkar President TPA Aurangabad and Anand Pasari Secretary General of AIFTP

2-Day National Tax Conference at Pune held on 10th May and 11th May 2019

Lighting of lamp by Honourable Minister Shri Girish Bapat.

Also seen from L to R : CMA Shripat Bedarkar, Adv. Dinesh Tambde, Navneetlal Bora, S. Z. Firodia, Shri Girish Bapat, Adv. Anagha Kulkarni, Shri Narendra Sonawane, Dr. Ashok Saraf, Shri Anand Pasari

103


2 day Non-Residential Refresher Course organized by GSTPAM along with All India Federation of Tax Practitioners’ (West Zone)(AIFTP), Tax

Practitioners Association, Thane (TPA) and Tax Friend, Mumbai held on 6th & 7th October, 2018 at Thane

Non-Residential Refresher Course at Dadar held on 10th July 2019

Seen on dais from L to R : S/Shri Vijay Kewalramani, President TPA; Deepak Shah, Chairman of AIFTP (Western Zone); Pradip Kapadia, President of GSTPAM; Abhay S. Oka, Hon. Justice of High Court, Mumbai; Ganesh Purohit, President of AIFTP, Ashok Saraf, Deputy President of AIFTP; Pankaj Ghiya, Secretary General of AIFTP; Bharat Sachdev, Vice-President of TPA

Inauguration of NRRC by President Shri Pradip Kapadia by lighting of lamp.

Also seen L to R: Shri Sunil Joshi, Convenor; Shri Ratan Samal, Chairman of Session; Shri Sunil Khushalani, Chairman of NRRC Committee; Shri Deepak Thakkar, Past President; Shri Aalok Mehta, Jt. Secretary; Shri Vinod Mhaske, Speaker; Shri Raj Shah, Hon. Treasurer and Shri Pravin Shinde, Managing Committee Member.

104


Representation submitted by Amravati Tax Practitioners Association to State Finance Minister Shri Sudhir Mungantiwar and Shri Rajiv Jalota

Seen from left to right- S/Shri Ashit Shah, Member of GSTPAM; Aalok Mehta, Jt. Secretary of GSTPAM; Rajesh Chandak, Past President of Tax Bar Association Amravati; Rajiv Jalota, CST; Jagdish Sharma, Past President of Tax Bar Association Amravati; R. R. Khandelwal, President Tax Bar Association, Amravati; R.S. Laddha, Past President of Tax Bar Association Amravati; Pradip Kapadia, President of GSTPAM.

In the side photo – S/Shri Jagdish Sharma Past President of Tax Bar Association Amravati, and Vinod Kalantri, President Amravati Chamber of Commerce with Hon’ble Finance Minister of Maharashtra State Shri Sudhir Mungantiwar.

Honouring State Finance Minister Shri Sudhir Mungantiwar on GST Day Celebration

Shri Pradip Kapadia, President along with Shri Aalok Mehta & Shri Sunil Khushalani, Jt. Secretary Felicitation to Hon. Finance Minister Shri Sudhir Mungantiwar

Shri Aalok Mehta, Joint Secretary GSTPAM presenting GST Referencer to Hon'ble Union Minister Shri Nitin Gadkari, Minister of Shipping, Road Transport and Highways in meeting held at IMC on 30th August, 2018

3rd Cover

Representation on Simplification of GST returns

Seen form L to R : S/Shri Pradip Kapadia, President of GSTPAM and Shri Aalok Mehta, Jt. Secretary of GSTPAM with Prakash Kumar (GSTN CEO) & Nitin Mishra (GSTN EVP Technology) - Presenting representation on Simplification of GST returns on 8th August 2018. Also Seen Shri Deepak Thakkar, Past President of GSTPAM

Newspaper Reports on GST Day Celebration

Seen from L to R : S/Shri Sunil Khushalani, Jt. Secretary, Pradip Kapadia, President, Aalok Mehta, Jt Secretary seen with : Shri Rajiv Jalota, Commissioner – SGST Maharashtra State & Smt. Sungita Sharma, Chief Commissioner CGST-Mumbai Zone

43rd Residential Refresher Course at Accord, Puducherry held on 31st January to 3rd February, 2019

Seen from L to R : S/Shri Dinesh Tambde, Vice President; PDG Lion Shri Selva Ganthi, Past Governor; President Pradip Kapadia; Chief Minister of Puducherry Shri V. Narayanasamy; Sachin Gandhi, Chairman, RRC Committee and Raj Shah, Treasure

Varsha Sahal at Malhar Machi, Pune held on 4th September, 2018Seen from L to R : S/Shri Manoj Kumar Chitalkar, Vice-President of WMTPA; Sunil Khushalani, Jt. Secretary; Raj Shah, Hon. Treasurer; Dinesh Tambde, Vice-President; Navnitlal Bora, President of WMTPA; Pradip Kapadia, President; Aalok Mehta, Jt. Secretary; Sharad Suryawanshi, Secretary of WMTPA.

4th Cover

43rd Residential Refresher Course at Accord, Puducherry held on 31st January to 3rd February, 2019

Inauguration of 43rd RRC by Chief Minister of Puducherry Shri V. Narayanasamy.Also Seen from L to R : Shri Aalok Mehta, Jt. Secretary; Shri Pravin Shinde, Convenor; Shri Dinesh Tambde, Vice-President; Shri V. Narayanasamy, Chief Minister of Puducherry; Shri Pradip Kapadia, President; Shri Raj Shah, Hon. Tresurer; Shri Sachin Gandhi, Chairman of 43rd RRC; Shri Sunil Khushalani, Jt. Secretary and Shri PDG Lion Shri Selva Ganthi, Past Governor

International Residential Refresher Course held at South Africa from 17th May to 29th May 2019

Seen on dais L to R: Shri Aalok Mehta, Jt. Secretary; Shri Anil Vakharia, Speaker; Shri Pradip Kapadia, President; Shri Sanjay Sonawane, Speaker; Shri Sachin Gandhi, Chairman; Shri Ajay Talreja, Convenor

Group Photo

GSTPAM Referencer presented to Hon. Rail and Coal Minister

Shri Piyush Goel by President Shri Pradip Kapadia and Hon. Joint

Secretaries Shri Aalok Mehta and Shri Sunil Khushalani

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