President Message

Dear Members,

September is the month with numerous due dates of statutory compliances. In this month there are compliances to be adhered to within the given time frame under various different laws. During and by the end of this month we have to submit Tax Audit Reports, Companies Audit reports, Annual Return (Form 5) of RERA. In GST, in addition to GSTR 1 and GSTR 3B, one also need to avail Input Tax Credit of the transactions done before 31st March 2018, if the credit is not yet availed. If this is not enough, we have to work out the correct liability of advance tax and pay the second installment along with other routine and regular payments of TDS and TCS. Moreover, we have to ensure that we attend the ongoing assessment proceedings. In such a scenario, it is imperative on our part to be more efficient and better time managers to be effective in our responsibility enabling proper and timely fulfillment of all obligations. Day by day, as the responsibility on chartered accountants is increasing, we should also educate and update our clients so that they are also ready for the timely compliances and not adding to our stress level.

At the Association
RERA is a new area of opportunity and practice development for all practicing chartered accountants.The subject is new and there are various issues that need address and clarifications. Considering this in mind, the Association has come out with a publication - “Treatise on GUJRERA” authored by CA. Aniket S. Talati. I am happy to announce that this is the first ever publication on the topic of GUJRERA. I am sure that the book will be very useful not just to the practicing professionals but also the community of real estate developers. The publication is priced at Rs. 300/- but for the members the Association is offering at Rs. 200. I urge all members to grab their copy and make this beautiful publication as part of their library.

A seminar covering important clauses of 3CD report was organized by Professional Development Committee. Speaker CA. Harit Dhariwal led the topic very well and shared his expertise with a large interactive audience. More than 130 members took active participation in the seminar.

The Legal and Representation Committee (Direct taxes) along with other professional bodies of India have made a representation to the Ministry of Finance and the CBDT against the revised audit report format of Form 3CD. Copy of representation is already e-mailed to all the members.

Until now, the Journal of the Association was sent to members who have opted for physical copy in a plastic bag. In support of "Go Green Initiative" and "Say no to Plastic" campaign, you will now receive your copy of journal in a cloth bag. I recommend all members should come forward in support of this initiative and curtail down their usage of plastic in our day to day life.

Meaning: Arise, Awake and Learn by approaching the excellent ones
- Get up, wake, and know knowledge in the proximity of the best men. The scholars say that the path of acquiring knowledge is inaccessible in the same way as the walking on the sharpened knife edge.

Keep pursuing the path of knowledge.Happy Learning!

CA. Chintan M. Doshi

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