2nd Cover
OFFICE BEARERS 2018-19
Seated (L to R) : S/Shri Dinesh Tambde, Vice-President; Pradip Kapadia, President, Raj Shah, Hon. Treasurer Standing (L to R) : S/Shri Aalok Mehta, Jt. Secretary; Sunil Khushalani, Jt. Secretary
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. 68th Annual Report Sagacity, Service, Solidarity Leads to Success
68th ANNUAL REPORT (Report for the year 2018-19)
GSTPAM 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 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
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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 GSTPAM 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
CONTENTS 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
2 68th Annual Report Sagacity, Service, Solidarity Leads to Success 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 GSTPAM Library : Suburban GST Bhavan, Ground Floor, A Wing, Bandra-Kurla Complex, Bandra (East), Mumbai–400 051.
68th Annual General Meeting NOTICE 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 :— AGENDA 1. 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 Mehta Dated : 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.
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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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The Goods & Services Tax Practitioners’ Association of Maharashtra 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 Pradip Kapadia Aditya S. Surte Parth Badheka in the field of Indirect Taxation. Chairman Jt. Convenor Jt. Convenor 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
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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. Authority Date Issues discussed in brief No. 1 Commissioner CGST 6-8-2018 This happened to be the first (Maharashtra) 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 6-8-2018 Same as above Tax, Maharashtra State
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Sr. Authority Date Issues discussed in brief No. 3 GST Council, Secretariat, 6-8-2018 Same as above New Delhi 4 Hon’ble Finance Minister, 6-8-2018 Same as above New Delhi 5 Mr. Akshat Vyas, National 2-9-2018 Letter of support given to NAC of Action Committee of GST GST Professionals, pledging to support Professionals Ahmedabad, their endeavours in providing equal Gujrat rights to GSTPs and assist them with academic and administrative support. 5 The Commissioner of 17-9-2018 Urgent letter to enable facility to State Tax 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 27-9-2018 Department was intimated about the State Tax 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, 9-10-2018 This was the Regional Advisory PCCO, GST & CX Office Committee of the Central GST of the Principal Chief Department, where several issues Commissioner, President, were discussed and a detailed written GSTPM 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. Authority Date Issues discussed in brief No. 9 The Commissioner of 31-12-2018 Representation on several issues with State Tax Maharashtra regarding to Tran-1 notices which State were being issued and impractical verification proceedings were being threatened. 10 The Finance Minister 31-12-2018 Same as above Maharashtra State 11 The Commissioner of 1-1-2019 Technical problems with regards State Tax (GST) uploading of returns and audit report on MahaGST portal were discussed. 12 The Principal Secretary, 2-1-2019 Timely extension of date of filing of Finance, Maharashtra Audit Report due to several compliance State Mantralaya 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, 2-1-2019 Same as above Mantralaya, Maharashtra State 14 The Chief Commissioner, 9-1-2019 Suggestion to allow adjustment of CGST & Central Excise credit notes beyond September 2018 and several issues in relation to GSTR 9 and 9A were discussed 15 Commissioner of State 21-2-2019 Service Cell meeting, where detailed Tax, Maharashtra State issues with regards to the newly introduced GSTR-9 and 9A were introduced. 16 Finance Minister, 25-2-2019 Urgent request for extension of Audit Maharashtra State Report in Form 704, since the website was unresponsive. 17 Commissioner of State Tax 26-2-2019 Same as above Maharashtra State 18 Extension of physical 5-3-2019 Extension in due date for physical submission submission of Acknowledgment of Form 704 & Statement of Submission for F.Y. 2017-18
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Sr. Authority Date Issues discussed in brief No. 19 Commissioner of State 1-4-2019 Several issues in relation to the Maha Tax, Maharashtra Amnesty Scheme 2019 were discussed and the Commissioner agreed to issue a clarificatory circular. 20 The Chief Commissioner, 10-4-2019 Third RAC meeting wherein issues CGST & Central Excise 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. 29-4-2019 President visited on behalf of the Deshmukh Director association on invitation by the Maharashtra National Director of the esteemed institute. Law University, Mumbai 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. Date of the Topic Speaker No. Meeting 1 13-8-2018 Concepts of Composite & Mixed Shri Parind Mehta Supply under GST vis-à-vis Judicial Pronouncements 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 Shri Ratan Samal with SEZ units 5 4-1-2019 Current issues in relation to TRAN-1 Shri Parth Badheka verification 6 13-2-2019 Recent Amendments in GST Act w.e.f. Shri Deepak Thakkar 1-2-2019 & their impact 7 15-3-2019 Amnesty Scheme, 2019 Shri Subhash Surte 8 14-6-2019 Requirements, Precautions and guidelines Shri Dharmen Shah for filing GST-9
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Sr. Date of the Topic Speaker No. Meeting 9 18-7-2019 Budget Proposals in Indirect and Direct Shri Deepak Thakkar (Proposed) Taxes
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 Bhaven Mehta Dilip Nathani Chairman Jt. Convenor 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 Raj Shah Dattatray Phad chairmanship of Shri Raj P. Shah and Convenor Chairman 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 Raj Shah Jatin Chheda Hiral Shah Chairman Jt. Convenor Jt. Convenor 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
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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 Shri Avinash Lalvani (including Exemptions under GST) 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 Shri Parth Badheka GST Place of Supply of Services under Shri Umang Talati GST 5-12-2018 Wednesday Composition Scheme and Reverse Shri Anvesh Vakharia Charge under GST Composite and Mixed Supply Shri Milind Bhonde 7-12-2018 Friday ITC and Refund under GST Shri Aditya Surte TDS & TCS
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Date Day Topics Speaker 10-12-2018 Monday Imports under GST Exports & Supply to SEZ under Shri Hemang Shah GST 12-12-2018 Wednesday Type of Invoices, Credit / Debit Shri Sachin Gandhi Notes and Maintenance of Accounts under GST E-Way Bill Shri Gaurav Parekh 15-12-2018 Saturday Returns and Payment of Taxes Mrs. Sonali Bapat under GST Audit under GST Shri Hiral Shah 17-12-2018 Monday Assessments, Appeals & Penalties Shri Dinesh Tambde under GST 19-12-2018 Wednesday Basic Concepts of MVAT Dr. Shashank Dhond Assessments and Appeals under Shri Vijay Shroff MVAT & CST Act 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 Pradip Kapadia Pravin Shinde Prashant Vora Chairman Jt. Convenor Jt. Convenor 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.
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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 Dinesh Tambde Vinod Mhaske Vivekanand Rao by the Panel Members / departmental Chairman Jt. Convenor Jt. Convenor 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.
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The details of Mega Guidance Cell Meetings held during the period
Sr. Date Topic Speaker No. 1 11th September, Transaction of Supply to 1. Shri Durgesh Salunkhe, 2018 SEZ & Export and Refund Deputy Commissioner of thereof 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, Issues in Professional Tax 1. Shri C. M. Kamble, Add. 2018 Compliance. 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
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3 8th January, Issues relating to 1. Shri Chandrakant 2019 compliance of Form 704 Kumbhare, Deputy VAT Report, PT Return and Commissioner of State Tax e-CST. 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 1. Shri Omprakash Bangadiya, of Arrears of Tax, Interest, Addl Commissioner of State Penalty or Late Fee Scheme, Tax 2019. 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
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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 Aalok Mehta Sonali Bapat Dilip Nathani Chairman Jt. Convenor Jt. Convenor 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
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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. Date Topic Group Leader Chairman/ No. Monitor 1 1st September, Finalisation of Accounts & its Shri Dharmen Shri Pranav 2018 Impact of GST on New 3CD Shah Kapadia Form Under Income-tax Act 2 15th September, Impact of Various AAR Shri Aditya Shri Ratan 2018 under GST w.r.t. Recent Surte Samal Amendments under GST Law 3 4th October, Issues in Input Tax Credit & Shri Parth Mrs. Sujata 2018 Inverted Duty Structure Under Badheka Rangnekar GST 4 16th October, Practical Aspects of New Mrs. Deepali Shri Janak 2018 Annual Returns under GST Mehta Vaghani 5 2nd November, GST Impact on Cross Border Shri Umang Shri Ashit 2018 transactions including Refund Rajat Talati Shah 6 17th November, Issues under Works Contract Shri Ankit Shri Naresh 2018 and Real Estate Sector Chande Sheth 7 6th December, Issues in Hospitality & Shri Monarch Shri S. S. 2018 Entertainment Industries Bhatt Gupta
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Sr. Date Topic Group Leader Chairman/ No. Monitor 8 20th December, Interest & Penalty under GST Shri Aditya Mrs. Nikita 2018 Act Seema Badheka Pradeep 9 1st January, Issues in Supply WRT Shri Ishaan Shri Rajat 2019 Composite & Mixed Supply Patkar Talati Under GST Act 10 19th January, Issues in Classification of Shri Rahul Shri Kiran 2019 Goods & Services Thakkar Garkar 11 8th February, Issues in GST Audit Shri Jinit Shri Deepak 2019 Shah Thakkar 12 16th February, Issues in Time of Supply w.r.t. Shri Hemang Shri Ashit 2019 Goods & Services Shah Shah 13 2nd March, Issues in Hospitality & Shri Monarch Shri Dhaval 2019 Entertainment Industries Bhatt Talati (Session II) 14 16th March, Issues in Valuation of Goods Shri Krunal Shri Parind 2019 & Services Davda Mehta 15 15th April, Issues in Recent Amnesty Shri Bhaven Shri Dinesh 2019 Scheme Mehta Tambde 16 26th April, Issues in Job Works, Repairs, Shri Amar Shri Kantilal 2019 Replacement & Warranty Shukla Jain Transactions under GST 17 5th May, 2019 Issues in e-Way Bills under Shri Kinchit Shri Bharat GST Law Shah Gosar 18 1st June, 2019 Issues Under Place of Supply Shri Sumit Shri Vikram of Services (Covers CGST, Jhunjhunwala Mehta SGST, IGST) 19 15th June, 2019 Issues Under Place of Supply Shri Vinod Shri C. B. Of Goods (Covers CGST, Mhaske Thakar SGST, IGST) 20 12th July, 2019 1. Practical solutions of GSTR- Shri Nishchaiy Shri Deepak Proposed 9 and if time permits Bajaj Thakkar 21 2. Statutory Update (Jan 19- July 19).
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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 Sunil Khushalani Mahesh Premal Gandhi Chairman Madkholkar Jt. Convenor esteemed library so that all staff, Jt. Convenor 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,
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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. Sachin Gandhi Pravin Shinde Chairman Convenor 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. Subject Paper Writer Chairman No. 1 Input Tax Credit under GST Act Shri Ritesh Mehta Shri Kiran Garkar & its intricacies 2 Controversial AAR and Important Shri Aditya Seema Shri Ratan Samal High Court Judgments under GST Pradeep (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
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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. Sachin Gandhi Ajay Talreja The tour was conducted by GEM TOURS AND Chairman Convenor TRAVELS. The following topic was discussed:
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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 Deepak Thakkar Vinod Mhaske workshops were also organized with live coverage Chairman Jt. Convenor 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 :- Bhaven Mehta Jatin Chheda 1. In starting of our tenure for this year, we had Jt. Convenor Jt. Convenor 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
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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
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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. Date Seminar / Topic Speaker / No. Workshop Group Leader 1 28th August, Workshop Recent Important Shri Parth Badheka 2018 Amendments in CGST Shri Janak Vaghani Act, IGST Act as per GST bill 2 30th August, Workshop Recent Amendments Shri Aditya Surte 2018 related to New Returns Shri Kiran Garkar under GST Act as per GST bill 3 4th Workshop Recent Amendments in Shri Umang Talati September, Notifications, Circulars, Shri Kantilal Jain 2018 Press Releases under IGST/ CGST/SGST Act
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Sr. Date Seminar / Topic Speaker / No. Workshop Group Leader 4 17th October, Half day 1.Concept & Learning of Shri Ashit Shah 2018 Seminar Annual Return under GST Act 2. Study & Preparation of Shri Rajat Talat Audit Report under GST Act. 5 17th January, Jt. Workshop 1. Issues In Works Shri Rajat Talati 2019 Contract Transactions With Relevant Advance Rulings 2. E-Commerce Shri Jayesh Gogri Transactions and TDS-TCS Provisions with Relevant Advance Rulings 6 30th January, Jt. Workshop 1.Composition Scheme Shri Aditya Surte 2019 with Relevant Advance Rulings & Annual Return For Composition Taxpayers (Form 9A) 2. Issues in Reverse Shri Manish Gadia Charge Mechanism and Trans-1 with Relevant Advance Rulings 7 7th February, Jt. Workshop 1. Export of Services, Shri Dharmen Shah 2019 Supplies to SEZ and Issues in Refunds with Relevant Advance Rulings 2. Provisions Relating to Shri Mayur Parekh e-Way Bills, Interception & Procedural Aspects thereof 8 14th February, Jt. Workshop 1. Understanding and Shri Ankit Chande 2019 Discussing – GST Annual Return Form No.9 (other than form No.9A)
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Sr. Date Seminar / Topic Speaker / No. Workshop Group Leader 2. Understanding and Shri Pranav Discussing – GST Audit Kapadia (Form No.9C) 9 27th February, Jt. Workshop 1. Issues In Place of Shri Rajiv Luthia 2019 Supply of Goods & Services with Relevant Advance Rulings 10 1st March, Jt. Workshop 1. Input Tax Credit, Shri Dinesh 2019 Electronic Ledger & Issues Tambde thereon, with Relevant Advance Rulings 2. Issues in Job Work with Shri Dhaval Talati Relevant Advance Rulings 11 5th March, Jt. Workshop 1. Classification and Shri Ratan Samal 2019 Valuation of Goods & Services with Relevant Advance Ruling 12 12th March, Jt. Workshop 1. Late Fees, Interest, Shri C. B. Thakar 2019 Penalties & Penal Provisions thereof. 2. Provisions related Mrs. Nikita to Inspection, Search, Badheka Seizure, Summons, Sec.73, 74 etc. 13 14th March, Jt. Workshop Mega Brains’ Trust Trustees – 2019 Session Shri S. S. Gupta Shri Naresh Sheth Smt Sujata Rangnekar Shri Vikram Mehta Moderator – Shri Deepak Thakkar
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Sr. Date Seminar / Topic Speaker / No. Workshop Group Leader 14 5th April, Full day 1. Understanding of Shri Dinesh 2019 Seminar Amnesty Scheme, 2019 Tambde under VAT & CST Shri C. B. Thakar Act & Discussion of Issues related thereon. (Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fees 2019) 2. Understanding of Shri Amol Mane OTPT’ 2019 scheme under Profession Tax Act & Discussion of Issues related thereon. (One Time Payment of Tax Scheme, 2019). 3. Recent Amendments Shri Parth Badheka under GST Act. Mrs. Sujata Rangnekar 4. Understanding of Shri Dharmen Shah Annual Return under Shri Ashit Shah GST Act & Issues related thereto. 15 23th April, Half Day 1. Recent GST Changes Shri Ashwin Shah 2019 Seminar RERA Perspective 2. Provisions of GST Act, Shri Rajat Talati for Real Estate Sector. 3. Input Tax Credit of Shri Vikram Mehta GST for Real Estate Sector.
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Sr. Date Seminar / Topic Speaker / No. Workshop Group Leader 4. Panel Discussions on Panellists : Issues related to GST on Shri Ashwin Shah Real Estate Sector Pre- & Shri Rajat Talati Post- April 01, 2019 Shri Vikram Mehta Shri Ratankumar Samal Moderator : 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, Mayur Parekh Raj Shah Shri Suresh Sanghavi, Shri Sachin Gandhi, Shri Chairman Hon. Treasurer 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.
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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 Pankaj Parekh Amol Mane Sunil Khushalani Maharashtra during the year Chairman Jt. Convenor Jt. Convenor 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 Arun Baheti Rajkumar Mahesh triggered. Jt. Convenor Bhambare Madkholkar We are thankful to the President and Jt. Convenor Jt. Convenor 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 Santosh Gupta us to make each event a grand success. Jt. Convenor 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.
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OUTSTATION SEMINARS ORGANISED BY GSTPAM JOINTLY WITH REGIONAL CENTERS
Sr. Date Subject Speaker Joint Association No. (Place) 1. 4th September 1. Impact Latest 1. Shri Swapnil Western 2018 Important Munot Maharashtra Tax Notification 2. Shri Dinesh Practitioners 2. ITC Under GST Tambde Association Varsha Sahal at Malhar 3. Scientific Truth 3. Shri Machi at Pune of Life Suryawanshi 4. Phycology of 4. Shri Milind Human Body Bhonde Reaction 2. 1st November Annual Returns Shri Dinesh Taxation 2018 Under GST Tambde Consultant’s Audit Under GST Shri Aditya Surte Association, Sangli Act & Sangli Branch of WIRC of ICAI GST on works Shri Mayur Parekh Contracts 3. 22nd Impact of GST on Shri Raj P. Shah Bhiwandi December Textile Industry jointly with Tax 2018 Practitioners Association, Bhiwandi and Bhiwandi CPE 4. 24th January Recent Amendments Shri Rahul Thakar Tax Consultants 2019 under GST Act Association, (Latest Notifications, Kolhapur Circulars and Orders under CGST and MGST Act). 5. 24th January Recent Amendments Shri Rahul Thakar Taxation 2019 under GST Act Consultants (Latest Notifications, Association, Sangli Circulars and Orders under CGST and MGST Act)
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Sr. Date Subject Speaker Joint Association No. (Place) 6. 16th February Income Tax & Shri Anup Shah Aurangabad jointly 2019 & 17th GST - Private with All India February 2019 Trust – Succession Federation of Tax Planning, Wills an Practitioners (WZ) Taxation Aspects & Aurangabad thereof Branch of WIRC Prosecution – Recent Shri Rahul Hakani of ICAI and Tax Developments, Practitioners Consequences Association, on Independent Aurangabad Directors/Legal Heirs Goods and Services Shri Sagar Shah Tax - Taxation of Intermediary Services in GST Recent Shri Dinesh Developments in Tambde ITC Brains’ Trust Shri Harish Session Direct Tax & Motiwalla & Shri Indirect Tax Umesh Sharma 7. 26th March, Amnesty Scheme Shri G.Y. Taxation 2019 -2019 Patwardhan Consultant’s Recent Shri Ashit Shah Association, Sangli Developments under GST Act Penal actions under Shri Parth Badheka GST Annual Return and Shri Aditya Seema Audit under GST Pradeep 8 21st April, Annual Return Shri Pranav Jalgaon Branch of 2019 under GST Act Kapadia WIRC of ICAI and Amnesty Scheme Shri Dinesh Jalgaon District Tax and OTPT Tambde Practitioners Asso. Recent Amendments Shri Janak Vaghani
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Sr. Date Subject Speaker Joint Association No. (Place) 9 27th April, Annual Return Shri Ashit Shah Dhule District 2019 under GST Act Tax Practitioners’ Settlement Scheme Shri Pradeep Association under Various Acts. Kshatriya Audit under GST Shri Dharmen R. Act Shah 10 10th May, Inaugural Session: Shri Girish Bapat, Two Day National 2019 Key note Address: Guardian Minister, Tax Conference Maharashtra at Pune Branch Shri Santosh Z. of WIRC of ICAI, Firodiya AIFTP (WZ) & 1st Technical Shri Pritam WMTPA Session - Important Mahure Advance Rulings & Judgments under GST : 2nd Technical Shri Suhas Bora Session - Capital Gains Tax on JDA, SRA (Joint Development Agreement, Slum Re-Development Agreement) 3rd Technical Shri Bimal Jain Session – GST on Real Estate – Impact of Amendments- Complicated or Simplified 11th May, 4th Technical Shri S. 2019 Session – e-Way Bill Venkatramani – Critical Issues of Concern in Future & Role of Tax Professionals
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Sr. Date Subject Speaker Joint Association No. (Place) 5th Technical Shri Madhukar Session – ITC – Hiregange Whether Privilege or Concession Granted 6th Technical Session – Panel Discussion on Recent Trends/ Controversies in Taxation 11. 24th May, Technical Session I Shri Abhijeet GSTPAS Jointly at 2019 – VAT Amnesty Berde Kudal Technical Session Shri Shantanu II – GSTR-9 (Annual Bagwe Return) Technical Session III – GST Audit Discussion on Shri Dinesh Queries Tambde 12. 1st June, 2019 Session 1 - Shri Dinesh Tax Bar Maharashtra Tambde Association, Settlement of Amravati & Arrears of Tax, Vidarbha Tax Interest, Penalty or Practitioners’ Late Fees Ordinance, Association, 2019 Nagpur Session 2 - Step- Shri Dharmen by-Step Guidance Shah to file GST Annual Returns Session 3 - Shri Ashit Shah Amendments pertaining to FY 2017-18 and reporting thereof in Annual Returns
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Sr. Date Subject Speaker Joint Association No. (Place) Session 4 - Audit Shri Aditya under GST: Issues Kshatriya and Disclosures 13 7th July, 2019 Session I- GST Shri Suhas Padhye Jointly with Annual Return Income Tax & Sales GSTR-9, GSTR-9A Tax Practitioners’ and GST Audit Association, GSTR-9C Solapur Recent Notifications Shri Amol Mane in CGST Act
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 Dinesh Tambde Sunil D. Joshi Amol Mane News Bulletin precise with the abled Chairman Jt. Convenor Jt. Convenor 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.
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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. Raj Shah Dharmen Shah Vivekanand Rao In current year we have informed Chairman Jt. Convenor Jt. Convenor 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, Sunil Khushalani Mahesh Bafna Prakash Chairman 2018 seminars were organize at (Dhule) Patwardhan Jt. Convenor (Pune) WMTPA, Pune and on 1st November, 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 Rajkumar Aditya Seema the benefit of the members. Bhambare Pradeep (Parbhani) (Nashik) In order to discuss the problems and challenges Jt. Convenor Jt. Convenor 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 Sunil Khushalani Sunil D. Joshi Residency, Thane. In total 313 Delegates have Chairman Convenor 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.
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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.
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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 Rajat Talati Premal Gandhi Ashit Shah Chairman Jt. Convenor during the year: Jt. Convenor
Subject Contributor(s) Maharashtra Settlement of Arrears of Tax, Interest, Penalty Shri Subhash Surte or Late Fee Ordinance, 2019. 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 Shri Ratan Samal Zones under the GST Laws 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 Aalok Mehta Ajay Talreja Mahesh and The Malad Chamber of Tax Chairman Jt. Convenor Madkholkar Consultants on 17th March, 2019 Jt. Convenor 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
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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 C. B. Thakar Parth Badheka Aditya S. Surte undertaken the work of preparation Chairman Jt. Convenor Jt. Convenor 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 Pranav Kapadia Dharmen Shah Hiral Shah Chairman Jt. Convenor Jt. Convenor 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.
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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. office@gstpam. org 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.
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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) Aalok Mehta Dharmen Shah 1. The Facebook Page was updated timely with Chairman Convenor 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.
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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 Dinesh Tambde Ishaan Patkar Shri Dinesh M. Tambde as Chairman Ashit Shah Chairman Jt. Convenor Jt. Convenor 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.
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28. Awards
Sr. Prize for Awardee[s] Judge[s] for selection No. 1. Best Article writer in STR Shri Prem Chhatpar Editor - Shri Vikram [April 2018 to March Mehta & Associate 2019] Editor - Shri Dhaval Talati 2. Best Column Writer in Mrs Deepali Mehta Editor - Shri Vikram STR [April 2018 to March Mehta & Associate 2019] Editor - Shri Dhaval Talati 3. Best Speaker in Study Shri Parind Mehta Office Bearers Circle Meetings 4. Best Paper Writer in 43rd Shri Ritesh Mehta Shri Mayur Parekh Residential Refresher Course 5. Best Sportsman Shri Aalok Mehta Shri Pradip Kapadia 6. Rajkumar Adukia 1. Shri Dharmen Shah Convenors: Foundation Award for Best 2. Shri Amar Shukla Shri Dilip Nathani & Group Leader in Intensive Shri Prasant Vora Study Course Meetings 7. Best Convenor 1. Shri Parth Badheka President: Shri Pradip 2. Mrs Sonali Bapat Kapadia 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
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Sr. Prize for Awardee[s] Judge[s] for selection 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 1. Taxation Consultants’ President: Shri Pradip for best Organizer for Association, Sangli Kapadia Outstation Seminar. 2. Tax Bar Association, Amravati 3. Dhule District Tax Practitioners Association 4. Tax Practitioners Association Jalgaon 9. Satishchand Laxmichand 1. Miss Krutika Nadar Shri Deepak Bapat & Memorial Awards for best 2. Miss Devanshi Shah Mrs. Sujata Rangnekar pleader before the Mock Tribunal & T. B. Lulla Memorial Fund for best Participant at Moot Court Competition. 10. Dr. Bharat D. Vasani Prize 1. Shri Aditya Seema Shri Abhijit Berde for Best Paper Writer at Pradeep NRRC 2. Shri Umag Talati 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. Prize for Awardee[s] Judge[s] for selection No. 13. Pourana & Gala For Highest Percentage in Accounts paper in Bcom and Highest Percentage in Bcom 14. D. M. Gala Prize for 1. Shri Deepak Thakkar President: Shri Pradip excellence in any field/ 2. Shri Mayur Parekh Kapadia subject/work as may be 3. Shri Sachin Gandhi decided by the President
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 Leave of Meetings attended 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
56 68th Annual Report Sagacity, Service, Solidarity Leads to Success
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, Mumbai For the year ending 31st March, 2019
(a) Whether accounts are maintained regularly and in accordance with : YES the provisions of the Act and the rules; (b) Whether receipts and disbursements are properly and correctly : YES shown in the accounts; (c) Whether the cash balance and vouchers in the custody of the : YES manager or trustee on the date of audit were in agreement with the accounts; (d) Whether all books, deeds, accounts, vouchers or other documents or : YES records required by the auditor were produced before him; (e) Whether a register of movable and immovable properties is properly : YES 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; (f) Whether the manager or trustee or any other person required by the : YES auditor to appear before him did so and furnished the necessary information required by him; (g) Whether any property or funds of the Trust were applied for any : NO object or purpose other than the object or purpose of the Trust; (h) The amounts of outstandings for more than one year and the : NIL amounts written off, if any; (i) Whether tenders were invited for repairs or construction involving : YES expenditure exceeding ` 5,000/- (j) Whether any money of the public trust has been invested contrary : NO to the provision of Section 35; (k) Alienations, if any, of the immovable property contrary to the : NO provisions of Section 36 which have come to the notice of the auditor;
57 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
(l) All cases of irregular, illegal or improper expenditure, or failure : NO 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; (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 : YES maintained; (o) Whether the meetings are held regularly as provided in such : YES instrument; (p) Whether the minute books of the proceedings of the meeting is : YES maintained; (q) Whether any of the trustees has any interest in the investment of : NO the trust; (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 : YES of the previous year have been duly complied with by the trustees during the period of audit; (t) Any special matter which the auditor may think fit or necessary to : NO bring to the notice of the Deputy or Assistant Charity Commissioner.
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
58 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Audited Statements of Account and Balance Sheet for the period 1-4-2018 to 31-3-2019
59 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success The Goods & Services Tax Practitioners' The Bombay Public Trusts Rules, 1951. Balance Sheet As at Funds & Liabilities Schedule Page As at 31-3-2018 No. 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
As per our report of even date For Sheth Doshi and Associates [Regd] Chartered Accountants Firm No. 110052W
B. M. Doshi Place : Mumbai Proprietor Dated : 4-6-2019 Mem. No. 017370 60 68th Annual Report Sagacity, Service, Solidarity Leads to Success Association of Maharashtra Schedule VIII {Vide Rule 17(1)} Registration No. F-2522 (BOM) as at 31st March, 2019 As at Property & Assets Schedule Page No. As at 31-3-2018 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.
Pradip R. Kapadia Dinesh Tambde Raj Shah Aalok Mehta President Vice-President Hon. Treasurer Sunil Khushalani Hon. Jt. Secretaries
61 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
The Goods & Services Tax Practitioners' Income and Expenditure Account Year ended Expenditure Annexure Page No. Year ended 31-3-2018 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
62 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Association of Maharashtra for the year ended 31st March, 2019 Year ended Income Annexure Page Year ended 31-3-2018 No. 31-3-2019 ` ` 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 8,600 (Staff PF)
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 G 82 6,66,703 Swatantryaveer Savarkar Rashtriya Smarak, Dadar – e) Half Day Seminar on GST on 17-10-2018 at H 85 2,56,600 Mysore Association Auditorium, Matunga – f) 43rd Residential Refresher Course at L 89 18,77,500 Pondicherry
1,31,29,996 Total 1,18,71,458
63 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success The Goods & Services Tax Practitioners' Income and Expenditure Account
Year ended Expenditure Annexure Page No. Year ended 31-3-2018 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 G 82 4,26,159 Swatantryaveer Savarkar Rashtriya Smarak, Dadar – e) Half Day Seminar on GST on 17-10-2018 at Mysore H 85 1,50,355 Association Auditorium, Matunga – 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 As per our report of even date For Sheth Doshi and Associates (Regd) Chartered Accountants Firm No. 110052W
B. M. Doshi Place : Mumbai Proprietor Dated : 4-6-2019 Mem. No. 017370 64 68th Annual Report Sagacity, Service, Solidarity Leads to Success Association of Maharashtra for the year ended 31st March, 2019
Year ended Income Annexure Page Year ended 31-3-2018 No. 31-3-2019 ` ` 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
65 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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
66 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Schedule IIIA : Felicitation, Memorial & Awards Funds & Students Prize Funds
Sr. Name Op. Received Add Less Prize Closing No. Balance during Interest given Balance 1-4-2018 the year @6.50% 31-3-2019 ` ` ` ` ` 1 Past President Memorial Fund i) Created out of Association Fund (For Best Speaker in 62,125 – 4,038.13 2,400 63,763 Study Circle Meeting, Best Writer of Article for “GST Review” and Championship in all Sports activities.) ii) Contribution from Mr. Arvind Thakkar (For 1,29,261 – 8,401.97 7,249 1,30,414 Conducting Lecture Series) 2 V. G. Varde & M. S. Sane & K. B. Kayastha Memorial 54,627 – 3,550.76 – 58,178 Fund (For Best Article in “GST Review”) 3 Satishchand Laxmichand Memorial Fund (For Best 28,231 – 1,835.02 1,600 28,466 Pleader in Mock Tribunal) 4 M. D. Ranade & R. S. Bapat (Best Paper writer RRC & 31,055 – 2,018.58 1,600 31,474 Best Column Writer in STR) 5 Bharat D. Vasani Prize Fund (For Best Paper Writer in 1,14,435 – 7,438.28 – 1,21,873 NRRC) 6 Smt. Banuben Vora Education Fund (For securing highest 32,081 – 2,085.27 – 34,166 percentage of marks in the M. Com Examination) 7 Pourana & Gala & Gala Memorial Prize i) For securing 35,470 – 2,305.55 – 37,776 highest percentage of marks in the B. Com Examination ii) For securing highest marks in the paper of Accountancy in the B.Com. Examination 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 1,64,662 – 10,703.03 – 1,75,365 Moot Court Competition) 10 T. B. Lulla Memorial Prize Fund (for Best Outstation 1,40,774 – 9,150.31 8,625 1,41,299 Seminar) 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
Schedule III B Sr. Name Op. Received Add Less Books Closing No. Balance during the Interest .@ Purchase Balance 01.04.2018 year 6.50% 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
67 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Schedule IV : Liabilities Schedule 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
68 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Schedule IVB : Liabilities for Advances & Deposits Received Particulars 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
69 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Fixed Assets Schedule V : Immovable Properties Particulars of Assets WDV as Addition Deduction Total Rate of Depreciation Balance on on or on or after during the depre- up to as on 1-4-2018 before 1-10-2018 year ciation 31-3-2019 31-3-2019 30-9-2018 % ` ` ` ` ` ` ` ` Office Premises (A) 13,29,520 – – – 13,29,520 10% 1,32,952 11,96,568 Schedule VI : Other Fixed Assets Furniture & Fixtures 15,52,559 – – – 15,52,559 10% 1,55,256 13,97,303 (Mazgaon Library) Furniture & Fixtures - (Office) 1,44,515 – – – 1,44,515 10% 14,452 1,30,064 Furniture & Fixtures - 4,20,921 – – – 4,20,921 10% 42,092 3,78,829 (Bandra Library) 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
70 68th Annual Report Sagacity, Service, Solidarity Leads to Success
3,710 1,483 1,483 2,831 2,831 2,831 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 7,562 7,562 7,562 4,726 4,726 TOTAL 25,328 18,092 18,092 18,092 18,092 INTEREST
– – – – – – – – – – – – – – – – ` – – – – – – – – – – – – – – – – – – – – – – – – Total Total as on In F.D.R. 31-3-2019 Investment
– – – – – – ` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Bal. of Closing Interest on FDR Accrued
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – A.Y. A.Y. TDS 2019-20
– – – – – – – – – – – ` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Amt. of FDR Principal Cl. Bal of
– – – – – – – – – – – – – ` – – – – – – – – – – – – – – – – – – – – – – – – – – – Up To Interest 31-3-2019 Receivable
` 1,483 1,483 2,831 2,831 2,831 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 3,710 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 6,346 7,562 7,562 7,562 4,726 4,726 During 18,092 18,092 18,092 18,092 25,328 Interest Received The Period
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – year (T DS effect) Excess Provision in Earlier
` FDR During Matured The Year 4,26,839 4,26,839 5,32,572 5,32,572 5,32,572 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,29,057 5,00,000 5,00,000 5,00,000 5,15,734 5,15,734 5,15,734 5,00,000 5,15,734 7,22,028 5,00,000 10,67,096 VIIA : Investments
– – – – – – – – – – – – – – – – – – – ` – – – – – – – – – – – – – – – – During Invested The Year 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000
` – – – – – Schedule 26,839 26,839 32,572 32,572 32,572 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 67,096 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 29,057 15,734 15,734 15,734 15,734 22,028 Op. bal. Accrued 1-4-2018 Interest of FDR
` – – – – – Op. bal. 1-4-2018 4,00,000 4,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 7,00,000 Principal 10,00,000 Amount of FDR 19.04.2018 19.04.2018 29.04.2018 29.04.2018 29.04.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 19.04.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 03.06.2018 13.09.2018 13.09.2018 13.09.2018 10.10.2018 10.10.2018 01.10.2018 10.10.2018 10.10.2018 10.10.2018 01.10.2018 DATE OF DATE MATURITY 19.04.2017 19.04.2017 29.04.2017 29.04.2017 29.04.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 19.04.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 03.06.2017 13.06.2018 13.06.2018 13.06.2018 10.10.2017 10.10.2017 02.08.2018 10.10.2017 10.10.2017 10.10.2017 02.08.2018 DATE OF DATE DEPOSIT 4270 4271 4269 1205 1206 1207 1220 1221 13173 13174 13175 13293 13294 13295 13296 13297 13298 13299 13300 13301 13302 13303 13304 13305 13306 13307 13308 13309 13310 13311 13312 13313 13314 13315 13316 13601 13603 13602 13599 13600 INVESTMENT IN BANK DEPOSITS, WITH BANK OF INDIA F.D.R. NO. INVESTMENT IN BANK DEPOSITS, WITH OF INDIA F.D.R. DETAILS OF FDR DETAILS
2 3 4 5 6 7 8 9 1 A 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 36 38 39 37 34 35 40 Sr. No.
71 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
– – – 134 7,479 7,479 7,479 9,948 9,948 9,948 TOTAL 26,838 26,838 67,652 26,838 67,652 27,249 67,652 59,421 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 22,319 26,838 22,319 26,838 22,319 16,927 22,319 23,698 16,927 16,927 16,927 13,05,580 INTEREST
` – – – – – – – Total Total as on In F.D.R. 5,26,838 5,26,838 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,27,249 5,26,838 5,22,319 5,26,838 5,22,319 5,26,838 5,22,319 5,50,753 5,22,319 7,71,054 5,50,753 5,50,753 5,09,948 5,09,948 5,09,948 7,50,134 5,50,753 31-3-2019 10,67,652 10,67,652 10,67,652 Investment 2,05,59,075
` – – – – – – – – – – 134 9,948 9,948 9,948 Bal. of 26,838 26,838 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 22,319 26,838 22,319 26,838 22,319 16,927 22,319 23,698 16,927 16,927 16,927 Closing Interest on FDR Accrued 7,23,459
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – A.Y. A.Y. TDS 2019-20
` – – – – – – – Amt. of FDR 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,33,826 5,00,000 7,47,356 5,33,826 5,33,826 5,33,826 5,00,000 5,00,000 7,50,000 5,00,000 Principal Cl. Bal of 10,67,652 10,67,652 10,67,652 1,98,35,616
` – – – – – – – – – – 134 Up To 9,948 9,948 9,948 26,838 26,838 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 27,249 26,838 22,319 26,838 22,319 26,838 22,319 16,927 22,319 23,698 16,927 16,927 16,927 Interest 7,23,459 31-3-2019 Receivable
– ` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – 7,479 7,479 7,479 During 67,652 67,652 67,652 59,421 Interest Received 5,82,121 The Period
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – year (T DS effect) Excess Provision in Earlier
` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – - FDR During Matured The Year 5,00,000 5,00,000 5,00,000 10,00,000 10,00,000 10,00,000 10,00,000 2,70,00,822
` – – – – During Invested The Year 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,33,826 5,00,000 7,47,356 5,00,000 5,33,826 5,33,826 5,33,826 5,00,000 5,00,000 7,50,000 5,00,000 10,67,652 10,67,652 10,67,652 2,38,35,616
` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Op. bal. Accrued 1-4-2018 10,00,822 Interest of FDR
` – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – Op. bal. 1-4-2018 Principal 10,00,000 10,00,000 10,00,000 10,00,000 2,20,00,000 Amount of FDR 13.12.2018 13.09.2019 13.12.2018 13.09.2019 04.06.2019 13.12.2018 13.09.2019 31.03.2019 04.06.2019 31.03.2019 31.03.2019 31.03.2019 13.09.2019 04.06.2019 13.09.2019 04.06.2019 13.09.2019 04.06.2019 13.09.2019 04.06.2019 13.09.2019 04.06.2019 13.09.2019 31.07.2019 13.09.2019 31.07.2019 13.09.2019 31.07.2019 10.10.2019 31.07.2019 10.10.2019 13.09.2019 10.10.2019 10.10.2019 10.10.2019 31.03.2020 13.12.2019 13.12.2019 30.03.2020 13.12.2019 31.03.2020 31.03.2020 13.09.2018 13.06.2018 13.09.2018 13.06.2018 04.06.2018 13.09.2018 13.06.2018 31.03.2018 04.06.2018 31.03.2018 31.03.2018 31.03.2018 13.06.2018 04.06.2018 13.06.2018 04.06.2018 13.06.2018 04.06.2018 13.06.2018 04.06.2018 13.06.2018 04.06.2018 13.06.2018 31.07.2018 13.06.2018 31.07.2018 13.06.2018 31.07.2018 10.10.2018 31.07.2018 10.10.2018 13.06.2018 10.10.2018 10.10.2018 10.10.2018 31.03.2019 13.12.2018 13.12.2018 30.03.2019 13.12.2018 31.03.2019 31.03.2019 A 1235 4508 1236 4509 1237 4510 4511 4512 4513 4514 4515 4516 4517 4518 4507 1236 1237 1235 14050 13903 14051 13902 13901 13900 14052 14053 14054 14055 14056 14195 14196 14197 13599 14198 13600 13601 13602 13603 13901 14624 13902 13903 DETAILS OF FDR DETAILS
41 60 42 61 48 43 62 47 49 46 45 44 63 50 64 51 65 52 66 53 67 54 68 55 69 56 70 57 71 58 72 59 73 74 75 80 77 78 79 76 81 82 Sr. No.
72 68th Annual Report Sagacity, Service, Solidarity Leads to Success
TOTAL 32,799 32,799 32,799 32,799 32,799 32,799 32,799 38,703 55,115 55,115 55,115 55,115 27,558 27,558 27,558 27,558 5,98,988 19,04,568 INTEREST 19,04,568 5,98,988 13,05,580
` Total Total as on In F.D.R. 5,29,870 5,29,870 5,29,870 5,29,870 5,29,870 5,29,870 5,29,870 6,25,246 5,24,802 5,24,802 5,24,802 5,24,802 31-3-2019 10,49,603 10,49,603 10,49,603 10,49,603 Investment 1,06,31,956 3,11,91,031
` Bal. of 29,870 29,870 29,870 29,870 29,870 29,870 29,870 35,246 49,603 49,603 49,603 49,603 24,802 24,802 24,802 24,802 Closing Interest on FDR Accrued 5,41,956 12,65,415
A.Y. A.Y. TDS 3,280 3,280 3,280 3,280 3,280 3,280 3,280 3,871 5,512 5,512 5,512 5,512 2,756 2,756 2,756 2,756 59,903 59,903 2019-20
` Amt. of FDR BANK OF INDIA STATE BANK OF INDIA STATE TOTAL INTEREST INCOME TOTAL 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,90,000 5,00,000 5,00,000 5,00,000 5,00,000 Principal Cl. Bal of 10,00,000 10,00,000 10,00,000 10,00,000 2,99,25,616 1,00,90,000 INTEREST RECEIVED
` Up To 32,799 32,799 32,799 32,799 32,799 32,799 32,799 38,703 55,115 55,115 55,115 55,115 27,558 27,558 27,558 27,558 Interest 5,98,988 31-3-2019 13,22,447 Receivable
` – – – – – – – – – – – – – – – – – During Interest Received 5,82,121 7,23,459 5,41,956 The Period 12,65,415
– – – – – – – – – – – – – – – – – – year (T DS effect) Excess Provision in Earlier
` – – – – – – – – – – – – – – – – – FDR During Matured The Year 2,70,00,822
` – – – – – – – – ACCRUED INTEREST ACCRUED
During Invested The Year 5,00,000 5,00,000 5,00,000 5,00,000 10,00,000 10,00,000 10,00,000 10,00,000 60,00,000 2,98,35,616
` – – – – – – – –
351 351 351 351 351 351 351 414 2,871 Op. bal. Accrued 1-4-2018 10,03,693 Interest of FDR
` – – – – – – – – 1,98,35,616 1,00,90,000 2,99,25,616 Op. bal. 1-4-2018 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,00,000 5,90,000 Principal 40,90,000 2,60,90,000 Amount of FDR 28.07.2019 28.07.2019 28.07.2019 28.07.2019 28.07.2019 28.07.2019 28.07.2019 28.07.2019 11.09.2021 11.09.2021 11.09.2021 11.09.2021 11.09.2021 11.09.2021 11.09.2021 11.09.2021 28.03.2018 28.03.2018 28.03.2018 28.03.2018 28.03.2018 28.03.2018 28.03.2018 28.03.2018 11.06.2018 11.06.2018 11.06.2018 11.06.2018 11.06.2018 11.06.2018 11.06.2018 11.06.2018 TOTAL TOTAL BANK OF INDIA FD STATE BANK OF INDIA STATE TOTAL INVESTMENT TOTAL 37618439692 37618447784 37618448370 37618448857 37618449351 37618449769 37618450388 37618453640 37759133489 37759134201 37759134722 37759135169 37759135828 37759136184 37759136605 37759136967 DETAILS OF FDR DETAILS
83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 CLOSING BALANCES OF PRINCIPAL OF PRINCIPAL CLOSING BALANCES AMOUNT Sr. No. INVESTMENT IN BANK DEPOSITS,WITH STATE BANK OF INDIA INVESTMENT IN BANK DEPOSITS,WITH STATE
73 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
37 60 37 48 46 43 45 54 487 804 909 115 436 868 727 811 791 670 594 794 632 373 383 1,059 1,513 1,178 1,340 2,521 1,194 2,037 TOTAL 20,606 20,606 INTEREST 20,606
– ` – – – – – – – – – – Total Total as on 20,684 34,174 22,180 36,164 11,583 18,543 25,821 18,797 11,775 64,291 28,724 15,093 49,688 14,650 16,341 13,451 15,418 14,200 17,149 In F.D.R. 4,48,726 31-3-2019 Investment
– – – – – – – ` – – – – 33 54 33 43 41 38 40 48 439 723 818 103 392 953 603 568 1,362 1,060 1,833 9,184 Bal. of Closing Interest on FDR Accrued
4 6 4 5 5 5 5 6 48 81 91 12 44 87 73 82 80 67 60 80 64 38 39 A.Y. A.Y. TDS 106 151 118 134 253 120 204 2,072 2019-20
– – – – – – – ` – – – – Amt. of FDR 20,245 11,550 33,451 21,362 18,743 36,061 11,742 18,151 24,868 15,050 62,929 27,664 14,609 47,855 13,413 15,738 14,160 14,850 17,101 4,39,542 Principal BANK OF MAHARASHTRA TOTAL INTEREST INCOME TOTAL Cl. Bal of
INTEREST RECEIVED
– – – – – – ` – – – – 37 60 37 48 46 43 45 54 487 804 909 115 436 670 632 Up To 1,059 1,513 1,178 2,037 10,210 Interest 31-3-2019 Receivable
– – – – – – ` – – – – – – – – – – – – 794 868 727 811 791 594 373 383 1,340 2,521 1,194 During 10,396 Interest Received 9,184 9,184 The Period
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – – – year (T DS effect) Excess Provision in Earlier
– – – – – – – – – – – – – ` – – – – – – FDR During 22,941 32,245 20,886 60,661 28,720 17,497 19,516 19,034 17,143 15,652 21,667 Matured The Year 2,75,962
– – – – – ` – – ACCRUED ACCRUED INTEREST
During 11,550 20,245 18,743 11,742 33,451 21,362 15,050 36,061 18,151 24,868 22,941 14,609 62,929 27,664 17,143 13,413 47,855 15,652 14,160 15,738 21,667 17,101 14,850 Invested The Year 5,16,945
– – – – – ` – – – – – – – – – – – – – – – – – – 757 490 674 411 458 447 1,424 4,661 Op. bal. Accrued 1-4-2018
Interest of FDR
– – – – – – ` – – – – – – – – – – – – – – – – – 4,39,542 4,39,542 31,488 20,396 59,237 28,046 17,086 19,058 18,587 Op. bal. 1-4-2018 1,93,898 Principal Amount of FDR 18.11.2019 14.03.2020 18.11.2019 14.03.2020 14.03.2020 18.11.2019 08.08.2019 14.03.2020 14.03.2020 18.11.2019 08.08.2019 06.03.2019 18.11.2018 18.11.2018 18.11.2018 18.11.2018 18.11.2018 18.11.2018 18.11.2018 14.03.2020 08.08.2019 06.03.2019 14.03.2020 08.08.2019 31.12.2018 14.03.2020 08.08.2019 06.03.2019 14.03.2020 08.08.2019 18.11.2018 14.03.2019 18.11.2018 14.03.2019 14.03.2019 18.11.2018 08.08.2018 14.03.2019 14.03.2019 18.11.2018 08.08.2018 08.08.2018 18.11.2017 18.11.2017 18.11.2017 18.11.2017 18.11.2017 18.11.2017 18.11.2017 14.03.2019 08.08.2018 08.08.2018 14.03.2019 08.08.2018 08.08.2018 14.03.2019 08.08.2018 18.11.2018 14.03.2019 08.08.2018 TOTAL TOTAL INVESTMENT TOTAL BANK OF MAHARASHTRA 60297685533 60327285320 60297685055 60327284202 60327283832 60297684618 60312131750 60327284371 60327284053 60297685929 60312132539 60312131954 60297684618 60297687904 60297685533 60297684812 60297685929 60297685055 60297684119 60327284597 60312129729 60312130177 60327284712 60312132288 60312131466 60327284870 60312131603 60297687904 60327285080 60312129967 DETAILS OF FDR DETAILS INVESTMENT OF STAFF FD’S ,WITH BANK OF MAHARASHTRA FD’S INVESTMENT OF STAFF
8 6 7 3 4 5 2 1 9 19 22 18 25 23 21 17 26 24 20 16 27 15 28 14 10 29 13 11 30 12 CLOSING BALANCES OF CLOSING BALANCES AMOUNT PRINCIPAL Sr. No. B
74 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Schedule VIII : Closing Stock As On 31-3-2019
Sr. Particulars Opening Purchase Discarded Sale Quantity Quantity Quantity Total Rate Closing No. Stock Qty Qty Qty Mazgaon Mazgaon Bandra Stock Tower Counter Counter Value ` ` OWN PUBLICATION 1 Compilation of MVAT Rule C.D 305 – – – 300 5 – 305 0.01 1.00 2 Compilation of Gazette & Notification 152 – – – 152 – – 152 0.01 1.00 CD 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 – 330 – 323 – 7 – 7 56.00 392.00 Tax 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
75 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Schedule IX : Advances, Receivable and Deposits (Assets)
Sr. Particulars 31.03.2019 31.03.2018 No. ` ` 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
76 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Schedule X : Cash & Bank Balances
Schedule XA : Saving & Current Bank A/c
Sr. Particulars 31.03.2019 31.03.2018 No ` `
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. Particulars 31.03.2019 31.03.2018 No ` `
1 Cash On Hand 19,363 2,191
2 Court Fee Stamps 25,000 25,000
Total 44,363 27,191
77 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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
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
78 68th Annual Report Sagacity, Service, Solidarity Leads to Success
Annexure C : Journal (Sales Tax Review) A/c as on 31-3-2019
Year Ended EXPENDITURE 31.03.2019 Year Ended INCOME 31.03.2019 31.03.2018 ` 31.03.2018 ` ` ` 14,17,580 Paper & Printing 14,92,127 3,59,000 Subscription from Non- 3,50,000 Charges of Journal Members (350*1000) 1,36,246 Postal & Courier 1,25,490 Charges 4,11,000 Subscription Charges for 4,51,200 G.S.T.R. from Life Members (752 x 600) 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 31-3-2019 Annexure D OWN PUBLICATION A B C D E OP. STOCK PURCHASES SALES GST CL. STOCK SURPLUS PAYABLE ` ` ` ` ` 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
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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
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Annexure F : Accounts for Referencer 2018-19 Expenditure 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 134 x 425.6 = 57,030 class Account 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 30,330 Received
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
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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 35,000 Charges 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 3 x 65.46 – Tower, Bandra & Maz Lib.
Surplus Stock of Papers 3,600 (Trs to Books & Bulletin A/c) 2,360 55 x 65.46 3,600
11,000 11,000
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Annexure GI : Accounts for Workshop on GST 2018-19 From 28th, 30th Aug & 4th Sept, 2018
Expenditure Amount ` Income Amount ` 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
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Annexure GII : Proportionate Accounts of Intensive Study Circle Meeting 2017-18 From 1st April, 2018 to 12th July, 2018
Expenditure Amount ` Income Amount ` 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
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Annexure H : Account of Half Day Seminar on GST on 17-10-2018 at Mysore Association Auditorium, Matunga Expenditure Amount ` Income Amount `
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 9,750 Charges
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
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Annexure I : Accounts of 33rd Batch of Coaching Class 2018-19 From 26th November, 2018 to 26th December, 2018
Expenditure Amount ` Income Amount ` 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
86 68th Annual Report Sagacity, Service, Solidarity Leads to Success 8 83 56 175 9,600 83,000 TOTAL 5,82,600 1,40,000 3,50,000 – – – – – – 24 1,200 1,000 2,500 2,000 48,000 48,000 WIRC 0 91 – – – – 231 1 11 1,200 1,000 1,000 2,500 2,000 2,12,231 3,70,369 3,70,369 5,82,600 Total Total MCTC 23,000 22,000 – – 1 1 4 – – 1,200 1,200 1,000 1,000 2,500 8,000 2,000 10,200 AIFTP 24 3 18 18 34 48,000 61,728 48,000 (13,728) WIRC 1,200 3,600 1,000 2,500 2,000 18,000 45,000 68,000 CTC 1,34,600 – – 5 – 13 14 1 11 1,200 5,000 1,000 2,500 2,000 65,500 32,500 28,000 BCAS 23,000 61,728 23,000 4 (38,728) 58 25 88 MCTC 4,800 1,200 1,000 2,500 2,000 58,000 62,500 3,01,300 1,76,000 GSTPAM – 4 2 10,200 61,728 10,200 (51,528) AIFTP Income Total Fees Total Income Total (A+B) Total Fees Total NON-MEMBERS Delegates (Nos.) Fees per Member Fees Fees per Member Fees Delegates (Nos.) Live Streaming Fees:- GST) (Excluding MEMBERS Total Fees Total Fees per Member Fees Delegates (Nos.) Total Fees Total NON-MEMBERS Fees per Member Fees (Excluding GST) (Excluding MEMBERS Delegates (Nos.) Delegate Fees:- 50 52 21 660 616 1,088 12,000 15,225 10,029 10,275 39,454 2,12,231 TOTAL 1,22,885 72,822 61,728 CTC 1,34,550 1,34,600 – – – – – – – – – – WIRC 5 – – – – – – – – – – 27 890 2,882 64,610 61,728 65,500 MCTC BCAS – – – – – – – – – – AIFTP – – – – – – – – 62 113 50 50 CTC 90,009 61,728 28,281 2,11,291 3,01,300 – – – – – – – GSTPAM 890 610 280 BCAS – 616 808 12,000 15,225 10,029 10,275 39,454 1,22,885 GSTPAM 2,11,291 Expenditure Particulars Balance Surplus Share of Total Receivable Payable/ Total Expenses Total Total Income Total No. of Delegates Live Streaming Delegates Total Expenses Total Webinar Charges Webinar Conveyance Charges Bank Charges - Bank Charges Credit Card SMS Charges Folder, Pad & Pen Pad Folder, Misc Exp Memento to Speaker Xerox Charges Xerox Tea Bill / Snacks/ Tea Water Annexure J : Accounts of Joint Workshop on GST Law Jointly with AIFTP, BCAS, CTC, MCTC, and WIRC of ICAI ICAI of WIRC and MCTC, CTC, BCAS, with AIFTP, Jointly Law GST on Workshop Joint of J : Accounts Annexure to 14th March 2019 to be held from 17th January 2019
87 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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 –
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Annexure L : Account for 43rd RRC at Pondicherry between 31st January, 2019 to 3rd February, 2019 at Accord Hotel Expenditure Amount ` Income Amount ` 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 5,009 Mementos RRC Paper Printing Charges 18,330 Total Expenses 18,03,630 Surplus 73,870
18,77,500 18,77,500
Expenditure Amount ` Income Amount ` 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
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Annexure M : Proportionate Accounts of Intensive Study Circle Meeting 2018-19 From 1st Sept, 2018 to 16th Mar, 2019
Expenditure Amount ` Income Amount ` 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
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Annexure N : Ordinary Membership Fees
Particulars 31.03.2019 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
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The Goods & Services Tax Practitioners’ Association of Maharashtra 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
B. M. Doshi Place : Mumbai Proprietor Dated : 4-6-2019 Mem. No. 017370
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93 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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
13th August, 2018 16th November, 2018 4th December, 2018 14th December, 2018
Shri Parind Mehta Shri Mayur Parekh Shri Ashit Shah Shri Ratan Samal
4th January, 2019 13th February, 2019 15th March, 2019 14th June, 2019
Shri Parth Badheka Shri Deepak Thakkar Shri Subhash Surte Shri Dharmen Shah
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1st Webinar by GSTPAM held on 4th Webinar by GSTPAM 1st December, 2018 held on 17th June, 2019
Seen from L to R : Shri Raj Shah, Speaker; Seen on dais L to R: Shri Hiral Shah, Convenor; Shri Hiral Shah, Jt. 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
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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
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
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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 Sham-E-Gazal Programme performed by renowned singer Shri D. M. Gala cutting the Cake on the occasion of Shri Ajay Tiwari and his team on the occasion of Foundation Day 68th Foundation Day-cum-Diwali get-together
97 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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
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.
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.
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Release of Short Publication on ‘Maharashtra Settlement of Arrears of Tax, Interest, Penalty or Late Fee Ordinance, 2019’
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 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.
99 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Half Day seminar organized jointly with Tax Consultants Association, Sangli (TCA) held on 24th January, 2019
Shri Rahul Thakar, Speaker, addressing Delegates on topic “Recent Amendments under GST Act.”
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.
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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.
101 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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
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
102 68th Annual Report Sagacity, Service, Solidarity Leads to Success
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
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 Non-Residential Refresher Course at Dadar held on 10th July 2019
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.
103 The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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 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.
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
104 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
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
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 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; Group Photo Shri Sanjay Sonawane, Speaker; Shri Sachin Gandhi, Chairman; Shri Ajay Talreja, Convenor Varsha Sahal at Malhar Machi, Pune held on 4th September, 2018 Seen 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.
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