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1MAY 2017
7, Jolly Bhavan #2, New Marine Lines, Mumbai - 400020. Tel : +
91 22 613 77 600 ; F : + 91 22 613 77 666 ; Email :
[email protected] ; Website : www.bcasonline.org
Vice-President’s Communiqué
Harnessing Talent and Providing Quality Service A Monthly
Newsletter of the Bombay Chartered Accountants’ Society
BCASNewsletterFor Members only. For Private Circulation only.
Price: R10
(Continued on page 2)
President: Chetan Shah 98202 23402 |
[email protected]
Vice-President: Narayan R. Pasari 98200 38095 |
[email protected]
Hon. Jt. Secretary: Sunil B. Gabhawalla 98213 23921 |
[email protected]
Hon. Jt. Secretary: Suhas Paranjpe98690 74643 |
[email protected]
Hon. Treasurer: Manish P. Sampat 98200 10064 |
[email protected]
Vol. 20 n No. 02 n MAY 2017
LECTURE MEETINGS
Speaker: CA. Bhadresh Doshi and CA. Akshata Kapadia Kothari
Subject: Filing of Income Tax Return for AY 2017-18.Venue: K.C.
College Auditorium, Dinshaw Wachha Road, Churchgate, Mumbai - 400
020.
Day, Date & Time: Tuesday, 6th June 2017 at 6.15 p.m.
Speaker: Advocate Udayan Choksi Subject: Goods and Services Tax
– Transition provisions Venue: BCAS Hall, Jolly Bhavan 2, New
Marine Lines, Mumbai 400 020.Day, Date & Time: Wednesday, 17th
May 2017 at 6.15 p.m.
*(Fellowship over a cup of tea at 5.45 p.m)
Lecture
Meetings……................................................……..........................
. . ..17.05.2017,
06.06.2017..............................................................................................................................................................
0 1 Full Day Seminar on Income Computation and Disclosure Standards
(ICDS)
...............................................................................
.....19.05.2017..................................................Navinbhai
Thakkar Auditorium, Vile Parle (East),
Mumbai.......................... 03Full Day Seminar on
TDS.......................................................................................
....20.05.2017..................................................Walchand
Hirachand Hall,
IMC..........................................................................
03Half day Seminar on Digital Transformation and GST –
Opportunities and Challenges in ERP
environment...............................26.05.2017.................................................BCAS
Hall, Jolly Bhavan 2, New Marine Lines, Mumbai............... . . .
. ....... 04GST Training Program For Trade, Industry &
Profession ....................29.05.2017, 30.05.2017,
31.05.2017........BCAS Hall, Jolly Bhavan 2, New Marine Lines,
Mumbai........................... 05Tarang 2K17 - 10th Jal Erach
Dastur CA Students Annual
Day..............03.06.2017...........................................................Navinbhai
Thakker Auditorium,
Mumbai...............................................................
06Accounting And Auditing Clinic
.........................................................................
....03.06.2017...........................................................BCAS
Library, Jolly Bhavan 2, New Marine Lines,
Mumbai................... . 07 Residential Study Course on
GST.............................................................................09.06.2017,
10.06.2017, 11.06.2017.........J. W. Marriott,
Pune..............................................................................................................
08International Tax & Finance Conference,
2017.........................10.08.2017, 11.08.2017, 12.08.2017,
13.08.2017.......Conrad Hotel, Pune
.............................................................................................................
1 0
PROGRAMMES AT A GLANCE DATE VENUE PAGE NO.
Watch, Like, Share, Connect with us @ BCAS Global
My Dear Members,
The Modi Government last week promulgated an Ordinance to amend
the Banking Regulation Act, empowering the Reserve Bank of India
(RBI) to unilaterally direct banks to resolve bad loan problems.
Besides RBI can also initiate bankruptcy proceedings against
chronic defaulters by effective use of the Insolvency &
Bankruptcy Code. Earlier the Union Cabinet had approved the said
Ordinance allowing the RBI to deal with these loans on a
case-to-case basis as opposed to following a set of broad
guidelines and rules for all non-performing assets (NPAs). The RBI
may specify one or more authorities or committees to advise banking
companies on a resolution of stressed assets. This Ordinance is an
important first step as these mechanisms are functional and can
produce results if flaws are ironed out.
India’s banks have been beset with huge amount of NPAs and at
the end of December 31, 2016, it is estimated to have crossed ̀ 7
lakh crore. The Government has also collated details on bad loans
worth nearly `50,000 crore that need immediate action against
wilful defaulters. These wilful defaulters have not repaid bank
loans despite having the capacity to do so and have diverted funds
for other purposes. Wilful defaults are the worst kind of bad loans
that empowers banks to get after the promoters and directors by
even naming and shaming them through public notices and
advertisements for not paying up. FM Jaitley also mentioned that if
some of the largest stressed assets are resolved, it will create
space for banks to step up lending.
The new Ordinance may also thus empower banks to force lingering
corporate loan defaulters to forego ownership and voting rights in
their companies, allowing lenders to induct new management
leadership mandated to turnaround these entities within a specified
time frame. Hopefully the RBI will now ensure that the wilful
defaulters are taken to task and do not go scot free.
The BCAS Referencer 2017-18 with the theme “INDIAN RAAGAS” was
released on 28th April 2017 at the hands of Padma Shri Pandit
Satish Vyas, a world known Santoor Maestro. Before the release
function
BCAS was also fortunate enough, though for a small while, to
hear Panditji play the instrument which mesmerised the audience.
This year’s Referencer has been compiled by the youth members of
BCAS duly guided by the senior compilers. The Study Circle Meeting
on “Management Lessons from Ramayana” by CA. C. N. Vaze was well
attended. Even today Ramayana is playing a significant role in
shaping the mindset and the culture of not only Indians, but also
of many scholars world over. Ramayana deals with management of
personal life, spiritual life; and also the management of any
activity of an organisation.
The Society has organised twin seminars on Practical Issues in
Income Computation and Disclosure Standards (ICDS) and Tax
Deduction at Source on 19th and 20th May respectively. The Indirect
Tax Residential Study Course this year focussed on the new GST Law
and being held in June received excellent response and we had to
close the enrolments fast. However the Society has ensured to
confirm maximum participants. The preparations of the Jal Erach
Dastur CA Students Annual Day event “Tarang 2K17” which is in its
10th Edition is in full swing. "Tarang -Tarasho Apne Talent Ke
Rang" will be held on 3rd June 2017, an event where about 500 CA
students showcase their talents in various extracurricular
activities. This
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2 MAY 2017
(Continued from page 1)
year the theme for “Tarang” is “Digital India” and opportunities
of transformation of lives which it offers. I request members to
enrol their students for this much-awaited event.
In keeping with public sentiment, the Supreme Court upheld the
death sentence against the four men who were involved in the
Nirbhaya case in December 2012. A ‘barbaric crime’ that has ‘shaken
the conscience of the nation’ said one of three judges hearing the
condemned men’s appeal. The crime thus met the ‘rarest of rare’
standard that merits capital punishment. Indeed, no other reported
incident has evoked the kind of public reaction than the one we
know as the Nirbhaya case.
Four and a half years later, the “Nirbhaya case” remains a
touchstone of almost mythical proportion. No single crime has
resulted in as much law making and law amending as this one. The
citizen-led nationwide protest following the rape, resulted in the
setting up of a judicial commission headed by a retired Supreme
Court judge and, eventually, an amended law that is much tougher.
While capital punishment to the four men condemned to the gallows
might bring some measure of closure to the family of the victim, it
is unlikely that it will make a dent to India’s shameful statistics
on such violence. “Certain attitudinal change and change in the
mindset is needed to respect women and to ensure gender justice,”
observed the Supreme Court judgment. Bringing that about will take
more than the length of a hangman’s rope.
Starting this month, in a symbolically powerful assertion of the
principle and ideal of democratic equality, the Government of India
has banned the use of red beacon lights (Lal Batti ) on cars used
by VIPs. PM Modi himself declared that every Indian is a VIP. Now,
no one other than the enforcement agencies and ambulances, which do
need to travel faster than citizens, can use flashing lights to
clear the way.
The move is belated but wholly welcome in a country where the
VIP beacon had become a status symbol, a decoration for politicians
and administrators. By marking them apart from common people, it
conferred power out of proportion with their standing. The sight of
motorcades bright with red beacons, shouldering aside the common
herd on the roads, put the message across with profound force.
Indeed, the red beacon perpetuated, in democratic India, the
segregation of the ruler and the ruled, which was a hallmark of
colonial power. The red beacon is a distant descendant of the
same colonial policy, and has no place in a democracy.
If an equal society is India’s declared objective, politicians
and administrators should travel like ordinary people. Several
small privileges will have to be stripped to bring equity to a
deeply classist society. Terrorism had provided the excuse for
gifting VIPs with massive security details, whose size and
armaments had become expressions of personal status and power,
rather like expensive jewellery. It took a public outcry for that
aberration to be rationalised. Now, the abolition of car beacons
takes us another step closer to egalitarianism. And yet, a long
road lies ahead.
It is said that motivational speakers fail to create a
long-lasting impact because research has shown that a month later
people can only retain about 2% of the message they hear. Having an
audience high on energy for a few days may not be a good return on
investment in terms of the time that you pull them out of work for,
and the money you spend in motivating them.
Words don’t last but memories of your experiences, especially
the ones about victory, fun and pleasure last forever. Imagine
having your audience engaged into such moments of inspiration and
achievement, creating greater confidence towards delivering results
out of their inner drive and passion that they can use and direct
in their daily work-a-day life.
When you allow your team a real time challenge that creates a
lasting impression of success and understand experientially the
process of creating it - you have a team of transformed and ignited
participants. They will hold these life changing experiences and
what it means to them close to their hearts, guiding them through
the challenges time after time, long after the motivational words
are forgotten.
I will be happy to receive your feedback and suggestions on
[email protected]
With Best Regards,
CA. Narayan Pasari
BOTH THE CLINICS WILL BE HELD IN THE LIBRARY OF THE SOCIETY
Advisory Panel : Hema D. SampatClinic Co-ordinator: Mrs. Madhuri
Haware – 61377613
Advisory Panel : Dr. Gautam N. Shah and CA. Tushar K.
DoctorClinic Co-ordinator: Mrs. Madhuri Haware – 61377613
Foundation operates a Right to Information (RTI) Clinic on a
regular basis. The Clinic provides help and guidance to BCAS
members as also to non-members, i.e., all citizens, for making
applications under the RTI Act and also assists in resolving any
related difficulties on the subject of RTI. The RTI Clinic operates
on Saturdays from 11 am to 1 pm. The next RTI Clinic days
accordingly are 20th, 27th May 2017 and 3rd, 10th,17th and 24th
June 2017. Please call to obtain a prior appointment.
The next Charitable Trust Clinic will be held on 2nd June 2017
from 5 pm to 7 pm.
Chartered Accountants and Trustees interested in having their
queries solved are requested to send their queries by email to
[email protected] and call to obtain a prior appointment,
latest by noon on the day of the clinic. Querists are also advised
to bring along relevant papers like trust deeds, audited accounts,
etc.
RIGHT TO INFORMATION CLINIC
CHARITABLE TRUST CLINIC
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3MAY 2017
THE TAXATION COMMITTEE OF BCAS IS PLEASED TO ANNOUNCE TWO FULL
DAY SEMINARS:SEMINAR ON ICDS
FRIDAY, 19TH MAY, 2017 AT NAVINBHAI THAKKAR AUDITORIUM, VILE
PARLE (EAST)
PROGRAM SCHEDULE
SEMINAR ON TDSSATURDAY, 20TH MAY, 2017 AT WALCHAND HIRACHAND
HALL, IMC
PROGRAM SCHEDULE
FULL DAY SEMINARS ON INCOME COMPUTATION AND DISCLOSURE STANDARDS
(ICDS) & TDS
From To Session Speaker9:00 AM 9:30 AM Registration &
Breakfast
9:30 AM 10:30 AM ICDS I & X CA.Vishesh Sangoi
10:40 AM 12:00 PM ICDS III & VII CA. Paresh Vakharia
12:00 PM 1:00 PM ICDS IV & IX Adv. Vinita Krishnan
1:00 PM 1:45 PM Lunch Break
1:45 PM 3:10 PM ICDS VI & VIII CA. Kushal Jain
3:10 PM 3:25 PM Tea Break
3:25 PM 4:30 PM Departmental views Pawan Kumar, CIT*
4:30 PM 5:35 PM ICDS II & V CA. Nihar Jambusaria
From To Session Speaker9:15 AM 9:45 AM Registration &
Breakfast
9:45 AM 11:15 AM Sections 194C, 194DA, 194EE, 194F and 194J CA.
Saroj Maniar
11:15 AM 11:30 AM Tea Break
11:30 AM 12:50 PM Sections 195, 206AA, Rules 37BB & 37C
Adv.Ritu Shaktawat
12:50 PM 1:30 PM Lunch Break
1:30 PM 2:55 PM Sections 192, 194H, 194LB, 194LBA, 194LBB,
194LBC CA. Anita Basrur
2:55 PM 4:15 PM Sections 194A, 194I, 194IA, 194IB, 194IC &
Recent case laws on TDS CA. Nitin Shingala
4:15 PM 4:30 PM Tea Break
4:30 PM 5:55 PM E-filing of TDS statements, Sections 200A, 201
& 205 CA. Avinash Rawani
Topic Enrolment fees for members (including Service Tax)
Enrolment fees for non-members (including Service Tax)
Income Computation and Disclosure Standards (ICDS)
`2,013 `2,300
Practical Issues in TDS `1,725 `2,013
*The enrolment fees include ` 50 towards contribution to BCAS
Foundation.
FEES FOR THE SEMINARS*
* Subject to Confirmation
TAXATION COMMITTEEChairman : CA. Ameet Patel
Convenors: CA. Anil Doshi, CA. Hardik Mehta, CA. Pooja
Punjabi
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4 MAY 2017
Dear Member,
Digital Transformation with ERP
We stand on the brink of a technological revolution that will
fundamentally alter the way we live, work and relate to one
another. In its scale, scope and complexity, the transformation
will be unlike anything humankind has experienced before. It’s an
era of technical awakening.
Digital transformation involves managing data on a cloud, Social
Media, Networking, Mobility, Analytics to deliver real time
financial reporting, with inbuilt Algorithms to enable executives
to make nimble decisions and quickly guide them to informed
responses in unexpected situations and also to anticipate the
future, it’s also about future of enterprise application strategy
and process innovation, rethinking employee engagement, it's no
longer just about procuring one solution and deploying one. It’s
not one simple software solution anymore.
GST – Goods & Services Tax – Opportunities and Challenges in
ERP environment
The Mega Tax Reform, It’s an opportunity and a compliance
requirement. An opportunity for companies to realign their supply
chain which was earlier decided based on Inter-state tax laws and
it's also about all companies gearing up to meet the compliance
requirements of the Mega Tax reform.
From an IT perspective it's about the GSTN, ASP, GSP and
rewiring your ERP systems to ensure capturing of relevant data
fields. The changeover to GST presents a huge opportunity for all
the members (in practice as well as in the industry), ie assisting
in: impact assessment, configuring IT systems, accounting,
compliance, etc.
We will discuss these concepts and understand how companies are
enabling adoption of technology for GST compliance, supply chain
management and process innovation.
HALF DAY SEMINAR ON DIGITAL TRANSFORMATION AND GST –
OPPORTUNITIES AND CHALLENGES IN ERP ENVIRONMENT
HUMAN DEVELOPMENT & TECHNOLOGY INITIATIVES COMMITTEE
Chairman: CA. Nitin Shingala, Co-Chairman: CA. Mihir sheth
Convenors: CA. Mukesh Trivedi, CA. K. K. Jhunjhunwala, CA.
Nikunj Shah,
Jointly with
INDIRECT TAXATION COMMITTEE Chairman: CA. Govind Goyal,
Co-Chairman: CA. Deepak Shah
Convenors: CA. Mandar Telang, CA. Samir Kapadia, CA. Saurabh
ShahProgramme Co-ordinator: CA. Kinjal Shah
Day & Date Friday, 26th May 2017Time 2: 00 PM to 7: 00
PM
Venue BCAS Hall, Jolly Bhavan No. 2, New Marine Lines, Mumbai
400020
Fees ` 750/- if enrolled up to 26th May and ` 1,000/- for spot
registration.(Inclusive of service tax, course materials,
refreshments & Contribution of `30/- towards BCAS
Foundation)
Sr No. Topic Speakers
1. Digital Transformation and GST - Opportunities and Challenges
in ERP
environment
Mr. Richard D’Souza(Vice President & Head Business
Solutions-Corporate IT Mahindra & Mahindra Group )
2. Mr. Rakesh Pawaskar(General Manager Business Solutions -
Corporate IT
Mahindra & Mahindra Group)
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5MAY 2017
GST TRAINING PROGRAMFOR TRADE, INDUSTRY & PROFESSION
INTENSIVE GST TRAINING PROGRAM UNDER THE TRADE OUTREACH
INITIATIVE OF THE GOVERNMENT OF INDIA
Dear Member,
The nation is at the brink of a landmark indirect tax reform.
The path is now clear towards the implementation of GST from 1st
July 2017. To create awareness amongst people and to prepare trade
and industry and business community to embrace GST, the Government
has formulated a trade outreach initiative whereby certain
institutions and their faculties are specifically trained by the
Government officers and certified as Approved Training Partners
(ATPs).
BCAS is proud to be one of the leading Approved Training
Partners (ATPs) certified by NACEN (National Academy of Customs,
Excise and Narcotics). We have 10 certified trainers on board to
impart this training. This is a unique opportunity to learn and
understand the basic concepts of GST directly from experts. The
entire program is designed under the guidelines by NACEN and
successful participants will be provided with a certificate of
participation.
The details of the first batch of GST Training Program are as
follows:
Day & Dates Monday 29th , Tuesday 30th and Wednesday 31st
May 2017
Time 10.00 a.m. to 6.00 p.m. on all the days
Fees `5,175/- (`4,500/- + Service Tax `675/-) per Participant
(Inclusive of Course Material, Lunch & Tea/Coffee)
Venue BCAS Hall, Jolly Bhavan No. 2, New Marine Lines, Mumbai
400020
Trade Associations and members thereof are requested to take
benefit of such a unique opportunity to initiate an in-depth
understanding of law and procedure of GST through such a
specialised program on GST. You may wish to nominate members from
your trade association and also circulate this announcement amongst
your members for wider participation. Please send your registration
(with requisite amount of fees) to the office of Bombay Chartered
Accountants’ Society, Jolly Bhavan No.2, New Marine Lines, Mumbai
400020. Tel: 61377600.
For further information, if any, you may contact Mr. Javed,
[email protected] – Direct no. 61377607.
Bombay Chartered Accountants' Society NATIONAL ACADEMY OF
CUSTOMS,EXCISE AND NARCOTICS
The nation is at the brink of a landmark indirect tax reform.
The path is now clear for the introduction of GST with effect from
1st July, 2017. In more ways than one, the dual GST Regime being
implemented in India is unique. State level registrations and
taxability of interstate branch transfers are unique concepts for
service providers. The extent of automation expected over the GST
Network has no precedent in the world. Indeed, we are moving
towards exciting times.
The new regime provides a wide array of opportunities to
chartered accountants. It is time to sharpen the axe. As we start
the process of migration and implementation of GST, professionals
would face many questions in their minds. In order to provide
guidance to such professionals, BCAS has started the GST Clinic
whereby a panel of two experts solve the queries faced by members.
The Clinic functions every Saturday at the BCAS Library from 11
a.m. to 1 p.m.
Participation in the Clinic is free. However, it is important
that the member sends the query in advance latest by Thursday
evening to [email protected] and call to obtain prior
appointment, at least a day before the clinic date. It may be noted
that only members who have queries will be permitted to attend the
GST Clinic.
Panel member/s address those issues and provide the querists
verbal opinion, which assists them in understanding the new law. No
email / written opinion will be given. Personal presence is
compulsory.
We invite all our members to take benefit of this
initiative.
Clinic Co-ordinator: Mrs. Madhuri Haware – 61377613
GST CLINIC
New initiative by BCAS
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6 MAY 2017
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7MAY 2017
ACCOUNTING AND AUDITING CLINIC Companies Act, 2013 has cast
onerous responsibilities on the Management to comply with all the
applicable accounting standards as well as various disclosures. The
Statutory Auditors of companies also must state in their report
compliance to Accounting as well as Auditing Standards. There are
many more reporting requirements under CARO, 2016 which should also
be complied.
Considering the wide gamut of reporting requirements, many a
times small and medium sized companies as well as small and medium
sized auditing firms find it difficult to address the issues which
may arise while finalising audited financial statements.
BCAS whose majority members represent small and medium sized
firms catering to mid-size corporates, has been operating
Accounting and Auditing Clinic, wherein issues relating to
accounting standards, auditing standards, reporting requirements as
well as Companies Act compliance are put forth by the members
before eminent and experienced panel.
Panel member/s address those issues and provide the querists
verbal opinion, which assists them in improving quality of
reporting and avoid any non-compliance.
BCAS has decided to revitalise this Clinic and make it more
vibrant by creating awareness and gradually take this Clinic to
different parts of Mumbai/Thane to serve professionals/corporates
in much timely manner.
We highlight the types of issues which can be brought before the
Clinic:
Do you have any queries with regards to implementation of
Accounting Standards?
Do you need clarifications on IndAS implementation?
Do you need guidance in handling issues relating to accounting
aspects w.r.t. various industries?
Are you facing issues in auditing aspects?
The Panellists consists of the following:
CA. Sanjeev R. Pandit
CA. Himanshu V. Kishnadwala
CA. Jayesh M. Gandhi
This Facility is available only to members. The Clinic is open
on 1st Saturday of every month from 4 pm to 5 pm. Next month the
clinic is open on 3rd June 2017. If you are interested in having
your queries pertaining to accounting and auditing issues resolved,
you are requested to send the queries by email to
[email protected] one week in advance and call to obtain prior
appointment, at least a day before the clinic date. Please note
that the panel will not answer any queries pertaining to tax
issues. No email / written opinion will be given. Personal presence
is compulsory.
Clinic Co-ordinator: Mrs. Madhuri Haware – 61377613
BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY - STAFF CONTACT DETAILSSr.
No
Name Role Email ID Direct Line
1 Ms. Mamta VarmaMember Relations Executive
Membership, Imprest, Publications and Online Payments
[email protected] 61377616
2 Mr. Manoj Lokhande, Front Desk Executive Enrollments and
Collections [email protected] 61377629
3 Mr. Prakash Palsamkar, Front Desk Executive Enrollments and
Collections [email protected] 61377629
4 Mr. Javed Siddique, Events Manager Co-ordinator for Lecture
meetings, Seminars, Workshops & Residential Courses
[email protected] 61377607
5 Mr. Bilal Ansari, Asst. Event Manager Co-ordinator for Lecture
meetings, Seminars, Workshops & Residential Courses
[email protected] 61377604
6 Ms. Reema Pawar, Events Executive Co-ordinator for meetings
and study circles at BCAS office
[email protected] 61377605
7 Mr. V. K. Sharma, Knowledge Manager Journal & Newsletter
Production [email protected] 61377619
8 Ms. Madhuri Haware, Asst. Knowledge Manager
Journal & Newsletter Production [email protected]
61377613
9 Ms. Rathi Nair, Secretary to President Executive Assistant
[email protected] 61377612
10 Mr. Upendra Hisaria, Office Manager General Office
Administration [email protected] 61377611
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8 MAY 2017
RESIDENTIAL STUDY COURSE ON GST
The Indirect Taxation Committee of BCAS is pleased to announce
the 11th Residential Study Course on Indirect Taxes, fully devoted
to ‘Goods and Services Tax’ (GST). The details are as follows:-
Subjects & Paper Writers:
INDIRECT TAXATION COMMITTEE Chairman: CA. Govind Goyal
Co-Chairman: CA. Deepak Shah
Convenors: CA. Samir Kapadia, CA. Mandar Telang and CA. Saurabh
Shah
Days & Dates Friday 9th June to Sunday 11th June 2017Venue
J. W. Marriott, PuneFees ` 11,200/- + `1,680 (ST) = `12,880/- per
member
Papers for Discussion
Certain Important Aspects of GST(Such as ‘Supply’, ‘Time of
Supply’, ‘Taxable Person’ ‘Liability to pay Tax’, ‘Reverse Charge’,
‘Job Work’, Goods v/s Service, etc.)
CA. S. S. Gupta
Case Studies on Place of Supply and IGST(Including Cross Border
Transactions)
CA. A. R. KrishnanCA. Parind MehtaK. Vaitheeswaran
(Advocate)
Issues concerning Transition from present laws on Indirect Taxes
to GST
K. Vaitheeswaran (Advocate)
Papers for Presentation
Documentation and Data Mining under GST (With Reference to
Filing of Returns and Data Matching)
CA. Sunil Gabhawalla
Classification, Valuation and Input Tax Credit – Some Issues CA.
Parind Mehta
Address of the Venue:
J. W. Marriott Hotel, Senapati Bapat Road, Pune – 411053. Tel:
91-20-66833333
Notes:
1. The Residential Study Course is open only for Ordinary and
Life Members of BCAS.
2. Enrolment started from Monday, 3rd April 2017, and will be
restricted to 225 members only, on first-come-first-served
basis.
3. The Course will begin on Friday 9th June 2017 with Lunch, and
will conclude on Sunday 11th June 2017 after lunch. Delegates can
check-in at the hotel from 1 pm onwards on 9th June 2017.
4. All participants will be accommodated in earmarked rooms on
twin sharing basis. The participants are requested, therefore, to
indicate in the enrolment form your preference of room partner, if
any.
5. The Enrolment Fees is inclusive of lodging, boarding, course
material and ` 50/- being contribution towards BCAS Foundation. The
participants shall make their own arrangements for travel to and
fro Pune.
6. Pune is well connected with all major cities, in India,
through the network of various airlines as well as by railways. And
the venue is in the midst of city about 12 km from Pune Airport and
about 6 km from Pune Railway Station.
7. Refunds & Substitution: Once enrolled, requests for
refunds will not be entertained. However, the Committee, at its
discretion, may permit substitution in specific circumstances,
provided such request for substitution is received well before the
commencement of RSC and the member to be substituted is an eligible
member of BCAS.
8. Members from Pune, Pimpri & Chinchwad can join as
non-resident participant (only those members whose address is so
registered with BCAS). The fees (inclusive of course material,
dinner on 9th & 10th June and lunch on 10th & 11th June)
shall be ̀ 8,200/- plus service tax `1,230/- (Total ` 9,430/-) per
member.
9. For further enquiry, if any, you may kindly contact Mr. Bilal
Ansari at BCAS. ( Direct line: 61377604, e-mail:
[email protected] )
HOUSEFULL
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9MAY 2017
-
10 MAY 2017
The International Taxation Committee is pleased to announce its
21st Residential International Tax & Finance Conference at
Conrad Hotel, Pune.
The deliberations at the Conference on the subjects of
International Taxation and Finance would be at an advanced
level.About the Venue: Located in the heart of Pune's dynamic
central business district, Conrad Pune is an iconic structure and
Hilton company's first and only Conrad Class luxury hotel in
India.
The conference details are as under: Days & Dates: Thursday,
10th August 2017 to Sunday, 13th August 2017Venue: Conrad Hotel,
Pune
INTERNATIONAL TAX & FINANCE CONFERENCE, 2017
Sr. No. Topics Faculty
For Group Discussion:
1 General Anti Avoidance Rules – An analysis CA. Vishal Gada
2 Case Studies on International Taxation (including POEM) CA.
Pranav Sayta
3 Permanent Establishment & Attribution of Profits – Issues
& Recent Developments CA. H. Padamchand Khincha
For Panel Discussion:
1 Multilateral Instrument – Impact on India Panelists: Mr. Rahul
Navin, CA. Shefali Goradia & CA. T. P. Ostwal
2 Transfer Pricing – Current Issues Chairman: CA. T. P.
OstwalPanelists: CA. Anish Chakravarty, CA. Rahul Mitra & CA.
Sanjay Tolia
For Presentation:
1 GST on Cross Border Transactions CA. Sachin Menon
Date Early-bird rate up to 31st May 2017 From 1st June 2017
Fees ` 17,000 + ` 2,550 (S. Tax)= ` 19,550/- ` 18,500 +`2,775
(S. Tax)= ` 21,275/-
Fees:
Members opting for Single Occupancy:
` 30,000/- + ` 4,500 (S. Tax)= ` 34,500 per person
Members opting for Non-residential Conference (Open only for
Local Pune Residents):
` 13,000/- + ` 1,950 (S. Tax)= ` 14,950 per person
The above fees include course material, stay on twin-sharing
basis, meals and ̀ 50/- contribution to the BCAS Foundation but
exclude travel arrangements.
Travel Distance from/to Airport/Railway Station:
Hotel Conrad is about 3 km from Pune Station; 9 km from Pune
Airport & 168 km from Mumbai Airport.
Eligibility:
The Conference is open only for those who are
Ordinary/Life/Corporate Members of BCAS at the time of enrolment
and not for Journal Subscribers and Website Members of BCAS.
Notes:
● Enrolment will commence from 10th May 2017 and will be
restricted to 200 members of BCAS only on first-come-first-served
basis. Some seats are reserved for outstation delegates.
● The Conference will begin in the afternoon on Thursday, 10th
August 2017 with Lunch and will conclude at around 2.00 p.m. after
Lunch on Sunday, 13th August 2017. The Hotel’s check-in time is
1.00 pm onwards on Thursday, 10th August, 2017.
● All communication from BCAS would be only by e-mail and SMS.
Hence, please fill in the e-mail address and mobile number
carefully and in legible writing.
● Cheques/Demand Draft should be drawn in favour of “Bombay
Chartered Accountants’ Society” payable at par at Mumbai.● For
enrolment and any other Conference related issues, please contact
Mr. Javed in BCAS Office.
-
11MAY 2017
INTERNATIONAL TAXATION COMMITTEE
Chairman: CA. Gautam S. NayakCo-Chairman: CA. Mayur B. Nayak
Convenors: CA. Deepak N. Kanabar, CA. Gaurang V. Gandhi, CA.
Rutvik R. SanghviCo-ordinators: CA. Rutvik R. Sanghvi, CA. Shreyas
N. Shah
BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY INTERNATIONAL TAX &
FINANCE CONFERENCE, 2017ENROLMENT FORM
Note:
1. Please use block letters and fill complete details. A form
with incomplete details will not be accepted. Preferably, type out
the form.
2. Photograph is must for issue of Photo ID card for the
Conference.
3. Please enclose photocopy of Proof of ID PAN / Driving License
/ Voter ID / Passport and carry the original of the same ID with
you to facilitate speedier check-in at the Hotel.
4. Outstation members should pay by NEFT/Online/Demand
Draft/Cheques ‘at par’ only payable at Mumbai.
5. The Cheque/ DD will be in the name of “Bombay Chartered
Accountants’ Society”. Your participation will be confirmed only
after the realization of payment at BCAS, for which a receipt will
be provided for your reference.
6. Enrolment is open only to Ordinary, Life members and
Corporate Members of BCAS and not to Journal and Website members of
BCAS.
*Kindly fill in mobile number & email address carefully and
legibly to enable proper and prompt communication.
I understand and acknowledge that:
•
IntheeventofmyinabilitytoattendtheConferenceforanyreason,IwillpromptlyinformtheCommitteeandwillnotsubstituteany
other person to attend the Conference in my place. I understand
that the Committee reserves the right not to admit any person to
the Conference in the event I substitute him/her in my place.
•
Iwillnotchangetheroomallottedtomewithouttheconsentoftheorganisers.
•
ClaimforrefundwillnotbeentertainedandthattheCommittee’sdecisioninthisrespectshallbefinal.
_____________________
Signature
BCAS Membership No.Name (Mr. /Ms.)AgeFirm/Company NameMailing
addressTel.(O)(R)(F)(Mobile)*Email*Choice of Food Jain
Non-Jain Choice of Room partnerProof of ID(Kindly include a
copy/scan of ID proof with enrolment form)
PAN Driving License Voter ID Passport Aadhar Card
I would like to lead the group discussion for the paper (please
tick any one onl)
Permanent Establishment & Attribution of Profits – Issues
& Recent Developments
General Anti Avoidance Rules – An analysis
Case Studies on International Taxation (including POEM)
Payment Details:Demand Draft/Cheque No. DatedDrawn on
BankRs.Rupees in words
-
12 MAY 2017
USE OF BCAS HALL BY MEMBERS FOR EDUCATIONAL PURPOSES
It is the objective of the Society to disseminate knowledge in
the fields of Chartered Accountancy. The managing committee has
decided to make BCAS Hall available to members for their in-house
staff training at a nominal cost. The Hall is well equipped with
screen, projector and audio systems. We believe that this will be
an added membership benefit and will enable members, especially the
start-ups, small and medium practices to arrange staff training at
BCAS premises.
The Application cum Undertaking form for the said use is given
below and soft copy may be downloaded from the BCAS Website.
We hope that you will use this additional feature of your BCAS
membership.
BOMBAY CHARTERED ACCOUNTANTS’ SOCIETY7, Jolly Bhavan No. 2,
Ground Floor, New Marine Lines, Mumbai- 400020
Application cum Undertaking Form
FOR USE OF BCAS HALL
The Office Manager,
Bombay Chartered Accountants’ Society, Mumbai- 400020.
Topic:____________________________________________________________________________________________________________________________________
Brief Description of the Event:
____________________________________________________________________________________________________
Time Slot Preference: [Subject to availability]
I wish to organise a training event in the field of Chartered
Accountancy for my organisation as detailed below:
I am enclosing the hire charges& deposit towards the same.
Details as follow:
I have read, understood the terms and conditions on the next
page and agree to abide by them.
Signature of Member
Date: ……../………/……………
BCAS Membership No:
Name (Mr. /Ms.)
Email id:
Mobile No:
Name of the Organisation
Day Date Time Seating Style(Theatre/Classroom)
Expected Gathering
............................................Nos.
Time Slot Timings Tick1st Slot – Half Day 9.00 am to 1.00 pm
2nd Slot – Half Day 1:30 pm to 5:30 pm
Full Day 9:00 am to 5:30 pm
Details By Cash/ Cheque No. Dated Bank Name Amount
HIRE CHARGES
DEPOSIT (Refundable)
For office use
Receipt no:
…………......................................................................................................………………
Date: ……….................................Amt.`...…….……………Towards
DepositReceipt no:
……………………......................................................................................................……
Date: ……….........................……. Amt. `.……………….....Towards
Hire charges
Date: ………… Prepared by Verified by
-
13MAY 2017
Terms and Conditions
1. BCAS Hall can be used for educational purpose in the field of
Chartered Accountancy by a Member only and in accordance with the
policy of the Society and for no other purposes either directly or
indirectly or for commercial purpose.
2. The hall usage is made available by the BCAS to facilitate
education of its members in the field of chartered accountancy at
nominal cost/charge. The current charges are as under, till any
revision:
a. Above rates are subject to service tax / GST as
applicable.
b. Hall can be booked only 45 days prior to the date of
educational event subject to availability except Sundays and BCAS
Holidays.
c. Combined capacity of the hall is about 90 people in theatre
style seating and 50 people in classroom style.
d. Refund of security deposit will be after 10 working days from
the date of the event.
3. Any member wishing to make reservation for use of the BCAS
Hall for the purpose stated in point 1 above should pay such
charges and deposit 100% in advance.
4. Extension of time will strictly be subject to availability
and there being no booking for next session and solely at the
discretion of BCAS. Extension beyond 8.00 pm will not be permitted.
` 1,500 will be levied for every additional hour or a part
thereof.
5. The Society reserves the right to accept or reject any
application.
6. In case of cancellation of booking by members, a letter in
writing duly signed by the member has to be received, 25% of the
Hall charges will be deducted, in such case and balance will be
refunded in 15 working days. In case of cancellation of booking by
BCAS office, the entire amount will be refunded.
7. It is not permitted to stick any papers, balloons, pictures
etc. on the wall, ceiling or curtains. In case of any damage caused
to the property of the Society, the BCAS will have the right to
recover compensation for such damages or disfiguration out of the
refundable deposit.
8. The vehicle/s of the visitor/s to the BCAS Hall will not be
permitted to be parked in the Jolly Bhavan Society premises. The
use of the Hall is solely at the risk of the member and BCAS does
not undertake any obligation for any loss or damage to the member
or other persons attending such event. Members are advised to take
care of their valuable and belongings at all times, and BCAS shall
not be responsible for any loss thereof
9. Facilities
Facilities included in booking charges.
Full Hall Over Head Projector – Fixed
Screen – Fixed Podium with Microphone
Tea / Coffee (Once per slot) Tables
Chairs
Facilities not included
Food & Other Beverages Handouts, photo-copy, folders,
stationery
Computers and Laptops.
Strictly, no cooking / heating is permitted inside the BCAS
premises. Only packed food can be served.
10. This application should be submitted to - The Office
Manager, BCAS, Jolly Bhavan 2, New Marine Lines, Churchgate, Mumbai
400 020. Contact: 022-61377611.
TIME Slot Amount * 1st Slot 2nd Slot
Half Day ` 7,500 9.00 am to 1.00 pm 1.30 pm to 5.30 pm
Full Day ` 15,000 9.00 am to 5.30 pm
Deposit ` 10,000
By Order
BCAS
-
14 MAY 2017
BCAS ON THE WEB
As you are aware that at present, our various events, circulars
& representations etc. are available for your reference on our
website.
Similarly Videos, Photos, Announcements etc. related to
Past/Forthcoming Events & Monthly updates in respect of
President’s/
Vice-President’s Message are also uploaded on BCAS Social Media.
You can view all the BCAS Updates through the following links
created for the purpose.
•BCAS Website: BCAS website is an online knowledge portal for
disseminating knowledge, developing skills & enlightening on
the current developments through our series of events, lecture
Meetings etc.
1 Online services: Members can make online payments for various
services like membership fee, events enrolment, publications,
renewal fee, subscription fee etc.
2 Forthcoming Events: The Forthcoming Events give the awareness
about the upcoming events such as study circles, lecture meetings,
seminars, workshops, camps etc.
3 Thought Mailers: Thought mailers are the independent views
expressed by the Authors on the Social, Educational &
Professional aspects etc.
4 RTI: Right to Information (RTI) is a voluntary initiative by
BCAS Foundation to help in filing the RTI petition.
5 Annual Reports: The Annual Reports include Annual Financial
Statements, Details of Managing Committee, BCAS Publications,
Thought Mailer Contributors, Events Videos and Auditors Reports
etc. since Financial Year 2009-2010.
6 Referencer: Referencer is the compilation of various topics on
Accounting & Finance, Acts & Regulations and Circulars etc.
compiled by experts in the respective fields.
7 E-Book: E-Book is a softcopy of the publications uploaded on
the Website. BCAS has launched 2 e books on a flip book version
which can be viewed on IOS and android phones also free of
cost.
8 Publications: It contains the list of BCAS as well as other
publications.
9 Newsletters: The Newsletter is a monthly circulation to BCAS
Members containing the Vice-President’s communique & various
programs of the Society.
10 Circulars: These are the circular issued by
ICAI/RBI/Government of India/Government of Maharashtra etc.
11 Representations: Representations are the part of the
escalations/grievances/suggestions etc. on the
Circulars/Notifications issued on Tax & Finance matters
etc.
12 NEFT Details: NEFT details are meant for online money
transfer for Membership Fees, Journal Subscription, WebTV
Subscription, Events Registration, Publications etc.
13 Enrolment Forms: Enrolments forms are required for the
purpose of registration under Events/Membership/Other
Subscriptions/BCAS Hall etc.
14 Careers: This is the placement portal for organisations for
their manpower requirements
15 Seminar & Course Materials: This link contains the
presentations & study/course material on different events held
by BCAS.
16 News & updates: News & Updates are the source of
latest information & updates on BCAS Activities.
•E-Journal: Monthly E-Journal (bcajonline.org) is the reflection
of hard copy of the Journal printed & dispatched to the Members
& Journal Subscribers on Monthly basis.
• Social Media
1. Facebook: All the Forthcoming/Past events Photos &
Announcements are posted here.
2. Twitter: The monthly updates including President’s &
Vice-President’s message are updated here.
3. YouTube: Past Lecture Meetings’ videos are posted here.
4. LinkedIn: President’s & Vice-President’s message are
updated here on monthly basis. You can join the various LinkedIn
groups for your independent views.
Make use of the above links on our website to get latest
updates.
-
15MAY 2017
BCAS LIBRARYState of the art –Library with latest publications
on relevant topics on the profession
Dear Member,Are you aware that your Society has refurbished its
library?Are you aware that with your membership you can avail the
facility of using this library?If you did not know, now is the time
to make the most of it………….
BCAS library in its new avatar is fully operational with best of
the ambience, technology and facilities. The state of the art
library has an air-conditioned lobby, study room and dedicated work
stations for use by its members with print facility at a nominal
cost. The library is equipped with a repository of more than 2000
books written by eminent authors. These books include the widely
sought after BCAS publications and other publications published by
publishers like Taxmann, Snowwhite, Wolters Kluwer (CCH), Bharat
Law House etc. The collection is a wide spectrum, ranging from
topics of professional interest like Direct Taxes, Indirect
Taxation, Transfer Pricing, International Taxation, Service Tax,
Company Laws, Labour Laws, Accounting & Auditing, Management
Books, Tribunals and Supreme Court Judgements and BCA Journals etc.
In addition to the books, online facilities for direct tax and
indirect tax judgements are also available.
Members must visit the Newly Renovated BCAS office at Jolly
Bhavan and avail this facility at their convenience from 10 a.m. to
5 p.m. on all working days.
BCAS is contemplating to purchase online Transfer Pricing
software which can facilitate the member in searching suitable
comparables and preparing TP study report. Please drop an email on
[email protected] in case you want to avail this facility.
For any inquiries, contact us at 022-61377619 or at E-Mail :
[email protected]
-
16 MAY 2017
-
17MAY 2017
BCAS MEMBERS VISIT TO TATA HOSPITAL ON AUSPICES OF BCAS
FOUNDATION
BCAS Foundation was set up understanding the need for members to
channelize their philanthropic efforts. It is a matter of great
satisfaction that our members have contributed generously for the
various projects taken up by the Foundation. Our various committees
and in particular HD & TI committee & MPR committee has
been a great source of support for the Foundation activities.
In pursuance of our ongoing activity - NEEDY CHILD PROJECT
(CANCER AFFLICTED), a new initiative was taken by the BCAS
Foundation to explore how it can help cancer afflicted needy
children. Under the leadership of Trustee Shri Pradeepbhai Shah,
members from HD&TI Committee- CA. Mayur Nayak, CA. Nitin
Shingala and CA. Mihir Sheth and their spouses, visited Paediatric
Oncology Department (known as ImPaCCT) which stands for “Improving
Paediatric Cancer Care and Treatment” at Tata Memorial Hospital on
20th December 2016. The group was briefed on the activities,
patients’ profile, and type of medical treatment offered and ever
increasing financial need of the department against the funds
available.
The group was briefed by Ms. Shalini Jatia who is a Secretary to
the ImPaCCT Foundation and is more than a full-time volunteer in
the department providing rock solid support since past many years.
During her interaction with the Group, she brought out some
heart-wrenching facts which are enunciated below;
4. Average expenditure of treatment per child is `3 lakh. If
treated rightly, there is 80% chance of saving a life of child at
early stage of disease.
5. Almost 80% of children come from the families whose income
levels cannot support treatment and disruption that follows.
6. This despondency results in refusal or abandonment of
treatment thereby losing a chance to save life of young life.7.
Sadly, the probability of abandonment is much higher in case of a
girl child.She opined that there can be possibility of redeeming
the situation with more awareness amongst conscientious
individuals. This can be done by their active financial help and
committed time involvement howsoever little it may be to start
with.
Extremely impressed by the work being done and moved by the fate
of the young hopefuls, BCAS Foundation has offered financial help
on regular basis from its members and promised to enrol its
members’ families by arranging periodic visits so that they can be
inspired to find ways on time commitment and financial help.
Tata Memorial Hospital is situated in Parel, Mumbai, India. It
was established by the Sir Dorabji Trust in 1941 and soon evolved
as a centre of excellence in cancer treatment and research. In
1957, it was taken over by the Ministry of Health of Government of
India. The administrative control of the hospital is with the
Department of Atomic Energy.
It is today recognized as a premier Cancer Hospital with path
breaking research activities and efficiency in giving quality
treatment to large number of patients at reasonable and low cost.
At any given time, there are about 1000 patients in the OPD and
about 60000 patients annually visit the hospital.
The paediatric general ward situated in the Annexe building has
about 44 admitted children. They are mostly from rural India and
very poor.
The hospital felt a need to have their own foundation to monitor
donations to their patients as there were some rogue elements
collecting money that never reached the patients or genuine
payments that could not reach the patients on time. With this in
mind, ImpaCCT (Improving Paediatric Cancer Care and Treatment) was
established in the year 2010 by Tata hospital.
BCAS Foundation through ImpaCCT has decided to volunteer in
giving donations for treatment of paediatric patients of Tata
Memorial Hospital.
BCAS Foundation invites generous help by way of donations for
the purpose. Those willing to actively associate may please contact
BCAS office at 022-61377602 or write to us at
[email protected].
NEFT details: BCAS Foundation; Axis Bank Ltd., New Marine Lines,
Mumbai; Savings Account No: 233010100189835; IFS Code: UTIB0000233;
Swift Code: AXISINBB173
For further information you may
visit-http://impacctfoundation.com/
1. Number of Cancer afflicted children coming to Tata Memorial
Hospital is growing alarmingly.
2. Against current capacity, the demand is multiple times
resulting in overload on capacity and resources.
3. Maximum load is in Mumbai and it has become a social problem
because entire family’s life gets disrupted when they have to
travel to Mumbai for treatment. Their lodging, boarding,
travelling, means of livelihood and treatment cost becomes a major
challenge for the family.
-
18 MAY 2017
-
19MAY 201717DECEMBER 2016
104 BOMBAY CHARTERED ACCOUNTANT JOURNAL JULY 2016
516 (2016) 48-A BCAJ
MEMBERSHIP FEES FOR FY-2017-18Amount in `
One time YearlyLife Membership 10000*Life Membership with
Journal 10000* 1200Journal Subscription 1200
Ordinary Membership Fees(including Journal Subscription)
ICAI Member on or after01-04-2013
ICAI Member prior to
01-04-2013Amount in `
Entrance Fees 500* 1000*Annual Fees 1500* 1500*
Student Membership Fees Amount in `1 year 2 years 3 years
Fees include e-journal, Study Circle & discount on selected
events.(Fees are inclusive of service tax) 500 800 1000
Corporate Membership Fees Amount in ` Entrance Fees 5000*3 years
membership fees for nominating 2 associate Members 10000*
Additional associate member for 3 years 6000*
Entrance Fees is not payable in case of Renewal*denotes subject
to service tax at rates applicable from time to time.
For enquiries you may please contact BCAS office at:-
91-22-61377602 or write to us at [email protected]
For enquiries you may please contact BCAS office at:-
91-22-61377600 or write to us at [email protected]
Get benefit of reaching out to 10000+ subscribersacross the
country
ADVERTISE IN BCAS JOURNAL
Cover (Multicolor) Fourth cover ` 30,000/-Third cover `
25,000/-Second cover ` 25,000/-Inside Pages:Full (Multicolor) `
17,500/-Full (B & W) ` 8,000/-Half (B & W) ` 5,000/-Quarter
(B & W) ` 3,750/-
ADVERTISEMENT RATES:- 5% Discount for 6 insertions
10% discount for12 insertions
-
20 MAY 2017
PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS
MEMBER PRICE
PAYMENTS TO NON-RESIDENTS – A Guide On ReportingTax Deduction At
Source Under Section 195(Reprint)
Golden Jubilee Residential Refresher Course Nostalgia
BCAS Referencer 2017-18
Seminar on Estate Planning, Wills & Family Settlement –
Critical Aspects PEN DRIVE
e-PublicationUnion Budget 2017 - An analysis by BCASEnglish
e-PublicationUnion Budget 2017 - An analysis by BCASGujrati
e-Publication Rules of Interpretation of Tax Statutes
Tax Deduction At Source Under Section 195
A Collection of memories
Accounting & Auditing, Direct Taxes, Indirect Taxes, Company
Law & Other Laws
Allied Laws
Analysis on Budget
Analysis on Budget
Law
MRP ` 150/-
For Postage Charges` 35/-
MRP ` 450/-
For Postage Charges` 50/-
Price ` 700/-
Postage - `200/-
MRP ` 1000/-
For Postage Charges` 100/-
Free e-Publication
Free e-Publication
Free e-Publication
Chartered Accountants, Legal Professionals, Trade & Industry
Professionals
Anyone
A handy compilation of all laws for every professional
Every individual whether a professional, or an entrepreneur or a
housewife or student .., Libraries, Universities, Colleges,
Institutions / Associations / Forums / Societies / Councils /
Bodies of professionals / individuals guiding / capable of guiding
people, ….
Every individual whether a professional, or an entrepreneur or a
housewife or student .., Libraries, Universities, Colleges,
Institutions / Associations / Forums / Societies / Councils /
Bodies of professionals / individuals guiding / capable of guiding
people, ….
Every individual whether a professional, or an entrepreneur or a
housewife or student .., Libraries, Universities, Colleges,
Institutions / Associations / Forums / Societies / Councils /
Bodies of professionals / individuals guiding / capable of guiding
people, ….
Chartered Accountants, Legal Professionals, Trade & Industry
Professionals
Various Compilers
Speakers CA. Dileep Choksi Dr. Anup P. Shah Mr. Mahesh Shah
– Solicitor CA. Yogesh Thar
Contributors
Contributors
Advocate N. M. Ranka
CA. N. C. Hegde, CA. Mallika Apte and CA. Risha Gandhi
BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS
-
21MAY 2017
PUBLICATION PUBLICATION NAME DISCIPLINE WHO CAN BENEFIT AUTHORS
MEMBER PRICE
e-Publication The Direct Tax Dispute Resolution Scheme 2016 – An
Analysis
Internal Audit- Practical Case Studies
Non-Banking Financial Companies – A Treatise
Partnership Firms Registration Procedure and Frequently Faced
Issues with Registrar of Firms
GITA For Professionals in English
Study Material of 6th Residential Study Course on IFRS/Ind
AS
on a PEN DRIVE
Direct Taxation Free e-Publication
Internal Audit
NBFC Regulations
Indian Partnership Act, 1932
Inspirational
Accounting & Auditing
Chartered Accountants, Legal Professionals, Trade & Industry
Professionals
Chartered Accountants, Legal Professionals, Trade& Industry
Professionals
Chartered Accountants, Legal Professionals, Trade & Industry
Professionals
Tax Payers, Chartered Accountants in Practice, Legal
Professionals, Compliance Professionals, Students, Accountants,
Libraries, Universities, Colleges and other institutions
Chartered Accountants, Legal Professionals, Students and
Citizens at large.
Chartered Accountants in Practice, Financial Controllers,
Compliance Professionals, Students, Management Professionals,
Business Consultants, Businessmen, Accountants, Libraries,
Universities, Colleges, etc.
MRP - ` 400/-
For Postage Charges` 35/-
MRP ` 500/-
For Postage Charges` 35/-
MRP ` 75/-
For Postage Charges` 35/-
CA. Uday Sathaye
MRP ` 75/-
For Postage Charges` 35/-
MRP ` 2000/
For Postage Charges` 100/-
CA. Bhavesh Vora
CA. Zubin Billimoria
CA. Hardik Chokshi
CA. Gautam Shah
CA. Heneel Patel
CA. Chetan Dalal
Speakers
CA. Rakesh Agarwal CA. Ramesh Lakshman CA. Sanjay A. Chauhan CA.
Zubin Billimoria
BOMBAY CHARTERED ACCOUNTANTS' SOCIETYPUBLICATIONS AT BCAS
CA. Deepjee Singhal
CA. Manish Pipalia
CA. Saroj Maniar
-
22 MAY 2017
-
23MAY 2017
FROM RBIContributed by : Gaurang V. Gandhi
The Reserve Bank of India has issued the following 3
Circulars
A. P. (DIR Series) Circular No. 44 dated April 13, 2017
Exim Bank's Government of India supported Line of Credit of USD
31.29 million to the Government of the Republic of Nicaragua
Exim Bank has made available, subject to certain terms and
conditions, to the Government of the Republic of Nicaragua, a Line
of Credit of US $ 31.29 million for financing transmission lines
and substations project in the Republic of Nicaragua. Eligible
goods and services of the value of at least 75% of the contract
price must be supplied by the sellers from India, while the
remaining 25% of the goods and services can be procured by the
sellers from outside India.
The terminal utilization period for the credit is 60 months
after the scheduled completion date of the project.
A. P. (DIR Series) Circular No. 45 dated April 27, 2017
Exim Bank's Government of India supported Line of Credit of USD
52.30 million to the Government of the Republic of Mauritius
Exim Bank has made available, subject to certain terms and
conditions, to the Government of the Republic of Mauritius, a Line
of Credit of US $ 52.30 mill ion for financing Project Trident in
the Republic of Mauritius. Eligible goods and services of the value
of at least 75% of the contract price must be supplied by the
sellers from India, while the remaining 25% of the goods and
services can be procured by the sellers from outside India.
The terminal utilization period for the credit is 60 months
after the scheduled completion date of the project.
A. P. (DIR Series) Circular No. 46 dated May 04, 2017
Exim Bank's Government of India supported Line of Credit of USD
4 million to the Government of Co-operative Republic of Guyana
Exim Bank has made available, subject to certain terms and
conditions, to the Government of the Co-operative Republic of
Guyana, a Line of Credit of US $ 4 million for financing
procurement of high capacity fixed and mobile drainage pumps and
associated structures in the Co-operative Republic of Guyana.
Eligible goods and services of the value of at least 75% of the
contract price must be supplied by the sellers from India, while
the remaining 25% of the goods and services can be procured by the
sellers from outside India.
The terminal utilization period for the credit is 60 months
after the scheduled completion date of the project.
-
24 MAY 2017
Registered with the Registrar of Newspapers for India under R.N.
68365/98 Regd. No. MCS/093/2015-17Posted at Mumbai Patrika Channel
Sorting Office, Mumbai-1Published on 15th of every month • Posted
on 15th & 16th of every month
Edited, printed & published by Anil Sathe on behalf of
Bombay Chartered Accountants’ Society, Mumbai-400020. Printed at
Spenta Multimedia Pvt. Ltd., Mumbai-400013.
• Please fill in the above form and send the same to the
Society’s office along with requisite payment. • Please mention
your name and membership number on the reverse side of the local
cheque/at par
cheque/Demand Draft. • The Cheque/DD will be in the name of
“Bombay Chartered Accountants’ Society”. Your participation will be
confirmed only after the realization of payment at BCAS, for which
a
receipt will be provided for your reference. • Kindly note that
the cash counter timings are from 10.30 am to 5.30 pm on Monday to
Friday and 10.30 am to 1 pm on Saturday. The lunch time is 1.30 pm
to
2 pm Members are requested to co-operate in this regard. •
Cancellation policy: Kindly note that no refund will be given in
case of cancellation for any reason and no substitute will be
allowed.
Name :
...............................................................................................................................................................................................................................
Address :
...........................................................................................................................................................................................................................
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Training
BCAS Study Circles 2017 –18
Study Circle No. Subject Fee
Tick your choice here
I Direct Tax Laws 460*
II Indirect Tax Laws 460*
III Company Law, Auditing & Accounting 460*
IV FEMA 460*
V Information Technology 460*
VI Human Resource Development 460*
VII ITF 1,150*
VIII BCAS Suburban Study Circle 690*
IX International Economics 1,150*
X Students Study Circle 230*
Study Circle No. Subject Fee
Tick your choice here
* Inclusive of Service Tax of 15%
Study CourseResidential Study Course on
GST.................................................
............................. 09.06.2017 to
11.06.2017.......................................................................R12,880..................................................
For non-resident participant ( from Pune, Pimpri & Chinchwad
)
...........R9,430....................................................
Full Day Seminar on Income Computation and Disclosure
Standards.........................19.05.2017..............................................................Member...................R2,013.......Non-members..R2,300....
Full Day Seminar on
TDS..........................................................................................20.05.2017..............................................................Member...................R1,725.......Non-members..R2,013....
Half day seminar on Digital Transformation and GST
................................................
26.05.2017............... R 750/- if enrolled up to 26th May and R
1,000/- for spot registration................................
GST Training Program For Trade, Industry &
Profession............................................. 29.05.2017
to
31.05.2017........................................................................R5,175...................................................
EventTarang 2K17 - 10th Jal Erach Dastur CA Students' Annual
Day..................................03.06.2017...........................................................................................R100
per student ....................................
Conference
International Tax & Finance Conference,
2017..........................................................10.08.2017
to 13.08.2017........Early-bird rate up to 31st May
2017......R19,550.................................................
From 1st June
2017...............................R21,275.................................................
Seminars