Chairman's Message

CA. Ganesh Nadar,
CHAIRMAN
Ahmedabad Branch of WIRC of ICAI
May Greetings from CA Ganesh Nadar!

Summer is here in its scorching fury so let’s make hay while the sun shines!

The electorate has made its choice and for the next five years the same political party will continue to lead India.

April marked a lot of highs and lows for our country – the harnessed fury of Cyclone Fani; the IPL 2019 Trophy being lifted by the Mumbai Indians; Gold sales soaring to a 25 per cent rise on Akshaya Tritiya; and the President approving the Redevelopment Bill giving a push to the realty sector.

For us April was replete with events the premier one being the Key Note Address by Union Minister Piyush Goyal, CA at our Conference on GST alongside felicitating the WIRC Office Bearers 2019-20 on 20 April 2019. Other knowledge-sharing moments were created with the Intensive FEMA Series; alongside Seminars on – Decoding GST for the Real Estate Sector and Professionalism and Skills Development. Members benefitted from Lecture Meetings on topics ranging from – Income Tax, Success Mantras and Learning Skills for Upcoming Exams, Handling Reassessment Proceedings before AO to Demystifying the Indian Capital Market.

Understanding that “all work and no play make Jack a dull boy” we held a Cricket Carnival from 27 April to 5 May which epitomized the sportsman spirit of not only our young blood but also our revered doyens!

The May issue of your newsletter provides you with a glimpse of - Updates on Accounting, Auditing, Company Law, Direct Tax, International Taxation, FEMA and compliance due dates; a snapshot of FAQs on TDR, FSI and long term lease issued by CBIC; a quick connect on Project Alteration under the RERA Act, 2016; and Important AARs – Re-credit of rejected GST Refund can be claimed through GSTR-3B and ITC can be claimed on inward supplies by the recipient when consideration is paid through book adjustment. A moral story highlighting the need to boldly face challenges head-on instead of using the escape route and a closer look at the advance filter feature of Microsoft Excel are also a part of this issue.

The month of May is dedicated to mothers as “the hand which rocks the cradle, rules the world”! We also pledge our alliance to doing away with unhealthy addictions like tobacco on 31 May. The month also marks the beginning of the holy Ramadan for our Muslim brethren which culminates in the celebration of Eid-ul-Fitar in June. Advance wishes to all our readers for a - peaceful Eid, conscious World Environment Day, a fit and healthy Yoga Day and of course a happy Father’s Day!

ICAI-Delhi initiatives like – the Self Service Portal, No to Physical Daak and Non-acceptance of Offline Membership Applications - are a positive step in the direction of reducing our carbon footprint. While the Help Desk is anticipated to go a long way in facilitating communication between ICAI and industry members

As we ring in World Environment Day let us each try to take a step howsoever small to protect the planet on which we walk as – “The environment and the economy are really both two sides of the same coin. If we cannot sustain the environment, we cannot sustain ourselves” (Wangari Maathai)

For those of you enjoying a well-deserved break with your family…Enjoy your vacation and keep reading and contributing to YOUR newsletter!

CA. Ganesh Nadar
CHAIRMAN,
Ahmedabad Branch of WIRC of ICAI
Mission to take our esteemed profession to unparalleled heights!