September Greetings from CA Ganesh Nadar!
"In a gentle way, shake the world" - let us strive to imbibe these immortal words of the Father of the Nation in our lives as we participate in the 150th Birth Anniversary Celebrations of Mahatma Gandhi on 2 October.
This month, Finance Minister Nirmala Sitharaman unveiled radical measures to shore up economic activity in the country through a slew of reforms like - merger of ten public sector banks to create four large entities; boosting the real estate and housing sector; slashing the corporate tax rate to 22 per cent; and relief measures related to MSMEs, taxation, banking, releasing unpaid dues, etc. Albeit, our Chandrayan 2 Mission faced a last minute glitch – but no worries we'll connect with the moon soon!
While the Howdy Modi Gala at Houston created ripples in the international circles; nearer to home the Sardar Sarovar Dam reaching its full reservoir level of 138.68 meters was a big high. Communal harmony gained a new definition with the uniting of the faces of the 2002 riots Qutubuddin Ansari and Ashok Parmar; and the Motor Vehicles Act kicked off lots of fines alongside hilarious memes on social media!
Your ICAI hosted multiple activities in August besides celebrating Independence Day and an International Study Tour to Netherlands, Germany and Switzerland. Some of these include - the Microsoft Excel Series 2019 led by our CAs – Charmi Doshi, Hemlata Dewnani, Vishal Langalia and Zalak Parikh; Program on GST Annual Return and Audit; Conference on GST Audit and Tax Audit; Lecture Meetings on : Audit Report and Drafting of Legal Papers and Submissions; Seminars on : Ind AS 116 and Finalization of Financial Statement and 360 Degree Review on GST Annual Return and Audit; a Press Conference to Declare the Results of the CA Examinations Held in May 2019; the Second Meeting on IBC Seminar on Insolvency and Bankruptcy Code; PQC on ISA Course at Ahmedabad; Meeting on Exposure Drafts; A Women Safety Awareness Session by the Office of the Ahmedabad Police Commissioner; etc.
In sync with our Mission Statement of 'Celebrating the Past and Inspiring the Future' we organized a Workshop for Senior CAs on Getting the Most from their Smart Phones in the past month. The WICASA Lecture Series – Erudites 2019 and Vedant (RERA) were also held in August along with the Convocation of our recent CAs.
Besides carrying attractive photographs from the above activities this issue of your newsletter also includes regular features like – Updates on Accounting, Company Law, GST, Direct Tax, RERA and International Taxation; Quick Tips on Creating a Tornado Chart in Excel; Important Due Dates for Compliance; and a Motivational Bio of Christopher Paul Gardner showcasing the criticality of being accountable and responsible for our actions.
A gentle reminder to all regarding the upcoming deadline of 30 September for the ICAI Awards for Excellence in Financial Reporting
October rings in the longest dancing festival Navratri, Durga Pooja, Sharad Purnima, Sardar Patel Jayanti and not-to-forget Diwali, Bhai Dooj and the Gujarati New Year! Here wishing all of you and your families a lot of bonhomie and positivity.
The United Nations will also be marking many crucial days in October to honour - older persons, non-violence, teachers, habitats, post, mental health, the girl child, rural women, food, poverty eradication, audio-visual heritage and cities.
While celebrating Dushehra let us keep in mind the immortal words of Walt Disney - "The important thing is to teach a child that good can always triumph over evil"
That's all from my desk…Keep reading and contributing to YOUR newsletter!
CA. Ganesh Nadar
Ahmedabad Branch of WIRC of ICAI
Mission to take our esteemed profession to unparalleled heights!