ANNUAL REPORT...(Formerly Known as The Sales Tax Practitioners' Association of Maharashtra) The...

(Formerly Known as The Sales Tax Practitioners' Association of Maharashtra)

The Goods and Services Tax Practitioners’ Association of Maharashtra

GSTPAM

FOR THE YEAR ENDED 31ST MARCH, 2018

ANNUAL REPORT

67th

The Goods & Services Tax Practitioners’ Association of MaharashtraOffice : 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.

67th ANNUAL REPORT(Report for the year 2017-18)

GSTPAM

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Notice ----------------------------------------- 3

Highlights of the Year --------------------- 4

Annual Report ------------------------------ 7

Auditor’s Report ---------------------------59

Balance Sheet -----------------------------61

Income & Expenditure A/c --------------64

Schedules-----------------------------------68

Annexures ----------------------------------78

Significant Accounting Policies --------98

CONTENTS

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



Preponement of 67th Annual General Meeting

NOTICE

In Continuation of the 67th Annual General Meeting Notice dated 20th April, 2018 all the Members are hereby informed that the time of the Annual General Meeting to be held on 20th July, 2018 is preponed and changed from 5.00 P.M to 3.00 P.M. The Venue and Agenda remain the same.

Place : Mumbai Dated : 20th June, 2018 Raj P. Shah

Aalok Mehta Hon. Jt. Secretaries

GSTPAM

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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



67th Annual General MeetingNOTICE TO MEMBERS

NOTICE is hereby given to all the members of the Association that the 67th ANNUAL GENERAL MEETING of the Members will be held on Friday 20th July, 2018 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:—

AGENDA1. To read and confirm the minutes of the last Annual General Meeting held on 21st

July, 2017.

2. To receive and adopt the Audited Statement of Accounts of the Association, Sales Tax Review and Books and Bulletin for the year ended 31st March, 2018 and the Balance Sheet as on that date and to receive and adopt the Annual Report of the Managing Committee for the year 2017-18. (A copy of the report and accounts would be sent separately).

3. To appoint an auditor for the year ending 31st March, 2019 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 Raj P. ShahDated : 20th April, 2018 Aalok Mehta 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 20th June, 2018.

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.

GSTPAM

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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success

GSTPAM

Highlights of the year

1. Strong representations made to the 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.

2. Representation and meeting with CGST Commissioner, Thane and CGST Commissioner, Pune on technical glitches and other issues in implementation of GST Law under the auspices of the orders passed by the Hon’ble Bombay High Court.

3. 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.

4. Representatives from GSTPAM met Mr. Hasmukh Adhia, Finance Secretary of India on 14th December, 2017 at World Trade Centre, Mumbai in an Interactive meeting held with the members of Trade, Industry & Professional Associations to discuss various issues under GST and submitted representation to him. Amendments made in Customs Law in pursuance of issues represented before Shri Hasmukh Adhia regarding sale of imported goods from bonded warehouses.

5. Based on suggestions from GSTPAM, a WhatsApp group 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.

6. Revival of Regional Centres, wherein representatives were appointed from Tax Practitioners’ Associations in various districts of Maharashtra.

7. Meeting of the representatives of all the Regional Centres was held on 25th November, 2017 at Mazgaon Library to discuss and represent the various issues in implementation and administration of MVAT and GST law. Another meeting of the representatives of the Regional Centres of GSTPAM was held on 1st December, 2017 at WMTPA Hall, Pune.

8. GSTPAM Facebook page activated with details of all forthcoming events and photos and having around 4,000 followers.

9. GSTPAM YouTube Channel activated with more than 100 videos of presentations made by the learned faculties at various seminars/events organized by GSTPAM.

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Sagacity, Service, Solidarity Leads to SuccessGSTPAM

10. Commencement of Live Webcast of various Study Circle Meetings/Mega Guidance Cell Meetings across all the districts of Maharashtra.

11. For the first time, Webinars were conducted on Industry-Specific Topics under GST.

12. GST Referencer 2017-18 prepared with Alphabetical Index of GST Rates of Taxable Goods along with password protected online viewing of the Referencer on GSTPAM Website.

13. GST Referencer 2018-19 in addition to the earlier updated Referencer, contains e-Compilation of GST Acts, Rules, Notifications, Circulars, Press Releases and Chapter wise GST rates with hyperlink to the relevant Notifications.

14. Topic-wise and Industry-wise Short Publications on GST compiled and printed.

15. 21 sessions of Intensive Study Circle Meetings were conducted during the year.

16. Effective use of Sales Tax Review for communication with the Sales Tax Department and business community.

17. Publication of GSTPAM News Bulletin for Members containing Circulars, Short Notes on Tribunal Judgment, Important Judgments on Allied Laws and other information regarding programmes organised by the Association, Renewal of Membership etc.

18. Mega Guidance Cell meetings at Mazgaon Library by Department Authorities as well as by way of Panel Discussion by learned faculties.

19. Workshop on GST with Brains’ Trust Session jointly organised with AIFTP (WZ), CTC, BCAS, MCTC and WIRC of ICAI with 217 participants.

20. 42nd Residential Refresher Course at Hotel Golden Palms Hotel & Spa, at Bengaluru with 198 participants. The delegates had a unique experience of meeting and interacting with Sri Sri Ravi Shankarji during their visit to his ashram at the Art of Living International Centre at Bengaluru.

21. 17th International Study Tour at Paris, Switzerland & Austria with 37 participants conducted, organised and operated by Club 7 Holidays Ltd.

22. Record 23 Outstation seminars held at various districts of Maharashtra during the year.

23. Coaching Class & Mock Tribunal with 77 participants held for the benefit of new as well as experienced members with a view to explain the basics of GST, VAT & CST.

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24. Full Day Seminar on GST organised jointly with The Malad Chamber of Tax Consultants on 12th Aug., 2017 at Aspee Auditorium, Malad (W) with a record 895 participants.

25. Orientation Course on GST for in-depth analysis was organised with 92 participants in Aug-Sep, 2017 at Mazgaon Library.

26. Full day Seminar on GST organised jointly with MACCIA, AIFTP (WZ) and TPA Nashik on 7th Oct., 2017 at Khadayta Bhavan, Vile Parle (E).

27. Half Day Seminar on GST on 21st Dec., 2017 at Mysore Association Auditorium, Matunga (E) with 139 participants.

28. Public Meeting on Union Budget, 2018 organised jointly with Ghatkopar CPE Study Circle, Forum of Free Enterprises, Chamber of Tax Consultants and various associations.

29. Triangular Box Cricket Tournament was conducted at Thakur Turf, Kandivali jointly with CTC & MCTC, wherein Team GSTPAM won the Tournament.

30. Health Check-up Camp and Musical Programme on ‘Stress Free Living’ organised on the occasion of Diwali Get-together and Foundation Day of the Association.

31. Lecture on ‘In Search of Tranquility’ by Shri Swami Swatmanandji from Chinmaya Mission under the auspices of Late Shri Arvind Thakkar Memorial Lecture.

32. With a view to formalise the vision of our Association, a formal Vision Statement was prepared and unveiled at the Mazgaon Library.

33. The Constitution Book of our Association was amended and updated.

34. International Yoga Day celebrated by conducting Session on Yoga for Members.

35. Full Day Seminar on GST on 29th June, 2018 at Swatantryaveer Sawarkar Auditorium, Dadar with 482 participants.

36. More than 1000 participants all across Maharashtra simultaneously attended Mega Guidance Cell meeting dated 4th July, 2018 through webcast.

37. GSTPAM Members were invited for celebration for GST Day on 1st July, 2018 in the August presence of Hon. Finance Minister of Maharashtra.

38. Members of GSTPAM were invited to share their expertise in the GST week celebration organized by CGST Commissionerate, Thane.

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67th Annual Report



67th Annual Report(Report for the year 2017-18)

We have pleasure in presenting the 67th Annual Report of the activities of the Association during the period 2017-18 along with the Audited Statement of Accounts and Balance Sheet as on 31-3-2018.

1. Election for the year 2017-18

At the 66th Annual General Meeting held on 21st July, 2017, Shri J. D. Rawal, Chief Election Officer informed the members present that the election was not required for the year 2017-18. 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 Pranav P. 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 2018-19. 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 Satish Boob were unanimously co-opted as the members of the Managing Committee for the year 2017-18. 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 2017-18 comprising young, enthusiastic and dynamic members performed their functions with great zeal throughout the year. During the year, 14 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

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 2017 was the year of major tectonic change in the field of Indirect Taxation. 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.

That being said, unsurprisingly once the euphoria of the birth of the new born child i.e. the GST Laws settled down, cornucopia of issues surfaced. At the same time, the issues under the earlier laws as well were very much live and constantly affecting several tax practitioners and the businesses alike. What was initially labelled as teething problems has in fact degenerated into extremely serious and pressing legal issues in implementation of the new law. 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 GSTPAM 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 frequently undertook physical as well as written representations with the GST Council, 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 inefficient network, impractical deadlines for filing returns, serious penal provisions to completely clueless administration, were

Ashit Shah Jt. Convenor

Parth Badheka Jt. Convenor

Pranav Kapadia Chairman

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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 programmes.

Following is the list of 24 representations made by this Committee to address issues in relation to GST laws, MVAT, LBT, Service Tax, etc.

Sr. No.

Date Matter

1 06-08-2017 Various issues relating to Assessments, Declaration Forms, MVAT Late fees, Migration, Refund of ` 25,000/- Voluntary Deposits, adjustment of tax payments.

2 18-08-2017 Various technical and legal issues relating to Builders & Developers, Input Tax Credit, setting up of Authority for Advance Ruling, works contract transactions, Reverse Charge Mechanism, Transitional Provisions, issues faced by Exporters etc.

3 18-08-2017 Various procedural Issues and suggestions relating to GSTR-3B and Tran-1.

4 29-08-2017 Problems and Difficulties in filing VAT Returns as well as Registration and Composition under GST.

5 22-09-2017 In continuation of Service Cell Meeting on 7th September 2017, some issues regarding VAT and GST were brought before Hon’ble Commissioner such as (i) Assessment proceedings to be kept in abeyance; (ii) Returns under VAT regime and VAT audit turnover limit for FY 2017-18; (iii) Extension of due date of filing of VAT audit report; (iv) Incentive to backward areas; (v) Refunds etc.

6 21-09-2017 Condemning the act of Hon’ble Commissioner while he was addressing a seminar organized by Chamber of Commerce at Nashik wherein some adverse comments were passed against the tax fraternity by alleging that practitioners are deliberately procrastinating the filing of returns with an intention to increase professional fees.

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GSTPAM

Sr. No.

Date Matter

7 17-10-2017 Problems in complying GST laws viz. automatic levy of late filing fees, Revision of TRAN-1 etc. Representation made for waiver and reversal of late filing fees.

8 25-10-2017 Problems faced by members in filing GSTR-3B, TRAN-1, Composition Scheme, Goods dispatch to job workers and received back, cancellation or deregistration of dealers, TRAN-2, GSTR-2A etc.

9 03-11-2017 Members as well as dealers were facing difficulties in making payment of VAT/CST appeal fees and hence requested Hon’ble Commissioner to clarify the position so that appeal petition is not rejected for procedural and technical breach of law.

10 06-11-2017 Necessity to change the system of filing GST returns before Hon’ble Finance Minister, Hon’ble Chief Minister of State of Maharashtra, Hon’ble State Finance Ministers and Hon’ble State GST Commissioner so as to bring more simplicity in filing returns especially GSTR-1, GSTR-2 and GSTR-3.

11 06-11-2017 Lots of problems were faced by members in complying GST law especially in filing of returns under GST due to which dealers were liable to pay late filing fees due to technical glitches. All such problems were brought to the notice of Hon’ble Commissioner so that it can be forwarded to GST Council. Moreover, a separate representation had been submitted before Office of the Prime Minister of India, Finance Minister of India, Revenue Secretary of Finance Department of India and Commissioners of Central GST.

12 23-11-2017 Assessing officers were carrying out ex-parte assessments for the F.Y. 2015-16, these problems were brought to the notice of Hon’ble Commissioner.

13 25-11-2017 Meeting with Regional Centres of Maharashtra was held at Mumbai and Pune wherein members from Jalgaon, Dhule, Kolhapur, Solapur, Amravati and various other districts were present and the difficulties/issues faced by them were gathered and forwarded before the Hon’ble Commissioner.

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Sr. No.

Date Matter

14 14-12-2017 Representation for extension of date of filing of VAT audit report in Form 704 which was due on 15th January 2018 as various difficulties faced by our members as well as trade in general and urge to extend till 31st March 2018. This representation was filed before Hon’ble Chief Minister of Maharashtra, The State Finance Minister of Maharashtra and The Additional Secretary (Finance Department) Maharashtra State.

15 03-01-2018 Since the extension was not yet granted, again committee had a personal meeting with Hon’ble State Finance Minister and requested for extension of date of filing of VAT Audit Report at an early date to avoid any panic situations among members as well as trade.

16 15-01-2018 Pre-Budget Memorandum on GST17 13-02-2018 At last, State of Maharashtra, after a rigorous follow ups of

communications and personal meeting with State authorities, convinced State to extend due date of filing of audit report from 15th January 2018 to 15th February 2018. But unfortunately, there was no end to the problems to the problems of our members as now website where in annual audit have to be uploaded was giving problems and also annual revised return was also not introduced. Hence, again committee had approached the State Finance Minister and Commissioner to extend the further time period of 15 days for filing / uploading of VAT audit report.

18 01-03-2018 Representation made to Hon’ble SGST and CGST Commissioners under the auspices of Order of Bombay High Court in the Writ Petitions in the case of Abicor & Binzel Technoweld Pvt. Ltd. and Padmavati Enterprises.

19 07-03-2018 Assessment proceedings for the financial year 2013-14, 2014-15, 2015-16 and 2016-17 were carried out by the Assessing Officer and not much time limit for furnishing details/documents were provided to the dealers and it was observed and experienced by members that Assessing officers are passing “ex-parte” assessment orders. In the absence of provision to cancel an ex-parte assessment order in Form 316, dealers have no other options but to file appeal petition and such appeal petitions

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Sr. No.

Date Matter

were sometimes becomes a costly affair as dealers have to mandatorily pay 10% of the tax liability as part payment. Hence, it was urged before the Hon’ble State Finance Minister to ensure that provisions of Section 26(6A) and (6B), will not be applicable to Orders passed Ex-parte.

These points were also being part of the suggestions for State Budget 2018-19.

20 07-03-2018 Annual revised returns have to be filed by dealers, either before or after the completion of VAT audit reports. State authority had introduce new template on 17-02-2018, after completion of due date of filing audit report of F.Y. 2016-17 vide Circular No. 7T of 2018. New format introduced were suffering from various difficulties and hence it has been brought to the notice of the State authorities. It was suggested that the option of Single Revised Annual Return Template should be made available to the dealers an which was subsequently introduced.

21 12-03-2018 Clarifications sought with regards to LBT payable by dealers having turnover more than ` 50 Crores on Purchases with in the local limits of Municipal Corporations before Urban Development Department.

22 15-03-2018 There was a consistent problem in functioning of website of the department of Sales tax, on the last days of filing of returns websites were not working for a continuous period of 2-3 days and this had been brought to the notice of the Hon’ble Commissioner.

23 12-04-2018 In a monthly service cell meeting organized by Hon’ble Commissioner, certain points viz. (i) Short notice for calling service Cell Meeting; (ii) Refund of Voluntary Deposits of ` 25,000/- paid by the dealers at the time of obtaining registrations; (iii) Generation of Declaration forms; (iv) Issues in filing of Profession Tax Returns etc.

24 15-06-2018 In a monthly service cell meeting organized by Hon’ble Commissioner, various current issues were submitted for further clarifications.

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Certain achievements

1. Due date of filing returns under GST were extended due to technical glitches in initial months of introduction of GST;

2. Reversal of levy of late filing fees while filing returns under GST due to technical glitches;

3. Revising the facility of filing TRAN-1 and extension of time limit for filing TRAN-1;

4. Extending due date of filing of VAT Audit Report;

5. Introduction of simplified Annual Return under u/s. 20(4)(b);

6. On the directions of Hon’ble Mumbai High Court, GSTPAM represented the various problems faced by the taxpayers in implementation of GST returns and filing of forms, before Hon’ble Central and State Commissioners along with GSTIN authorities;

7. Amendments made in Customs Law in pursuance of issues represented before Shri Hasmukh Adhia regarding sale of imported goods from bonded warehouses.

8. Maharashtra State Finance Minister sent proposal to GST Council for making changes in pattern of filing returns on the basis of representation given by association. The matter is pending before GST Council.

The Committee had pro-actively acted to educate the members and had organized following Study Circle Meetings during the year.

Date Topic Speaker

24th July, 2017 Issues relating to “Supply” including Composite Supply, Mixed Supply & Contracts under GST.

Adv. C. B. Thakar

6th October, 2017 Workshop on GST in Tally ERP 9 CA. Punit Mehta

3rd November, 2017 Practical aspects of filing of GSTR-2 Return

CA. Kiran Garkar

7th December, 2017 VAT Audit and relevant ruling under MVAT Law

CA. Deepak Thakkar

22nd January, 2018 E-way bills under GST CA. Sheel Bhaushali

8th March, 2018 Refunds under GST CA. Rajiv Luthia

5th April, 2018 Practical Aspects of E-way bill CA. Mitesh Katira

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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 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. 2017-18, Shri Vikram Mehta as Chief Editor and Shri Dhaval B. Talati as Associate Editor of the Sales Tax Review have rendered their esteemed services.

The Journal comprising columns, articles, GST Updates, Do you Know?, Replies to Queries, Representation & Response, Important Judgments, Income-tax Updates, Gist of Case Laws, Gist of DDQ’s, Recent Notifications & Circulars under CGST, SGST & IGST, Recent Amendments, Tax Digest, From the Courts etc. continues to be a constant companion of practitioners. The Journal Committee was headed by Shri Mayur Parekh as the Chairman and Shri Dilip V. Nathani and Shri Ishaan Patkar as the Jt. Convenors. The Committee rendered valuable assistance in the publication of the Sales Tax Review on GST.

During the year one of the most awaited events of our country, GST was introduced. Articles of prime importance on burning topics of “GST Law” and various articles on Filing of Returns, Refunds, Transitional Provisions, E-Way Bill, Place of Supply, Composite Supply, various issues in implementation of GST and its impact on various Industries as well as challenges to professionals were published during the year.

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 efforts in sharing their knowledge and experience throughout the year.

Dilip V. Nathani Jt. Convenor

Ishaan Patkar Jt. Convenor

Mayur Parekh Chairman

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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 Vikrikar Bhavan, Mazgaon and Suburban Vikrikar Bhavan, Bandra cater to this important requirement.

The library committee was formed under the chairmanship of Shri Dattatray V. Phad and Convenor Shri Vivekanand R. Rao.

Both the libraries were updated with latest books, Newsletters and Journals The Library Committee, looking into the modern trends of webinars, live streaming etc., has purchased new projectors and have carried out repairs in the library New sign boards of GSTPAM were installed at the Mazgaon and Bandra libraries.

“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. 32nd batch of Coaching Class was organised under the able Chairmanship of our Hon. Jt. Secretary Shri Raj Shah and Jt. Convener’s Shri Sunil D. Joshi and Smt. Sonali Bapat at our Association’s library at Mazgaon. This year, being a first year of GST Law, the coaching class lectures focused more on topics of the GST law along with lectures covering practical aspects of VAT, CST and Profession Tax. The total number of participants was 77 which consisted of new entrants in the practice of taxation, students who were pursuing professional courses and considerably of the practicing professionals.

Dattatray Phad Chairman

Vivekanand Rao Convenor

Raj Shah Chairman

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This batch of Coaching Class was inaugurated by our Past President, Adv. Shri Deepak Bapat on 22nd November, 2017 and total 22 lectures on GST, VAT, CST and Profession Tax were conducted during the course. Three lectures were conducted every week and the classes were successfully completed in a span of mere 38 days.

Mock Tribunal was organised by the Committee at GSTPAM Library Mazgaon wherein the students of the coaching class and members of Association have actively participated as appellants and defendants. Mock Tribunal was inaugurated by Past President, Adv. Shri Deepak Bapat and Adv. Shri Ratan Samal who also chaired the session as Jury Members and guided the participants.

32nd Batch of Coaching Class Schedule for F.Y. 2017-18

Sr. No.

Date Day Topic Speakers 2017-18

1. 22-11-2017 Wednesday Overview of GST Adv. Deepak Bapat – Speaker & Chief Guest

2. 24-11-2017 Friday Levy and Scope of Supply (Including Exemptions under GST)

Adv. Ishaan Patkar

3. 27-11-2017 Monday Important Definitions under GST

CA. Aditya Surte

Registration under GST Act

CA. Dharmen Shah

4. 29-11-2017 Wednesday Time of Supply under GST

Adv. Sonali Bapat

Value of Supply under GST

Adv. Amol Mane

5. 04-12-2017 Monday Place of Supply of Goods under GST

Shri Milind Bhonde

Sonali Bapat Jt. Convenor

Sunil D. Joshi Jt. Convenor

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Sr. No.


Place of Supply of Services under GST

Adv. Parth Badheka

6. 06-12-2017 Wednesday Composition Scheme under GST

Shri Sachin Gandhi

Types of Invoices, Credit /Debit Notes and Maintenance of Accounts under GST

Shri Avinash Lalvani

7. 08-12-2017 Friday Returns and Payment of Taxes under GST

Shri Bhavin Mehta

8. 11-12-2017 Monday E-Commerce, Reverse Charge, TDS & TCS

Shri Anvesh Vakharia

Composite and Mixed Supply

CA. Ritesh Mehta

9. 13-12-2017 Wednesday ITC and Refund under GST

CA. Dilip Phadke

10. 15-12-2017 Friday Imports under GST CA. Mayur Momaya

Exports & Supply to SEZ under GST

CA. Aditya Kshatriya

11. 22-12-2017 Friday Assessments & Audit under GST

CA. Rupa Gami

Appeals & Penalties under GST

Shri Sunil Joshi

12. 27-12-2017 Wednesday Transitional Provisions under GST

Adv. Ashwin Acharya

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Sr. No.


Profession Tax: Profession Tax Act and filing of Returns and payment of taxes under Maharashtra State Tax on Professions, Trades, Callings & Employment Act, 1975

Shri Pravin Shinde

13. 29-12-2017 Friday Audit Report under MVAT Act

CA. Hiral Shah

Assessments and Appeals under MVAT & CST Acts

Dr. Shashank Dhond

8. Accounting and Office Administration Committee

The Committee was headed by President Shri Pranav Kapadia as Chairman and Shri Pravin Shinde jointly with Shri Jatin Chheda as Convenors. During the year, no staff has left or joined the job. The day-to-day issues of office administration have been attended by the Committee members regularly along with proper guidance given to office staff as and when required which in turn results into smooth functioning of work at our office.

The duties of the existing staff have been reorganised so as to increase work efficiency among the staff. The rotation duty of staff 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.


Pravin Shinde Jt. Convenor

Jatin Chheda Jt. Convenor

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During the year we have installed the credit card machine for the accepting the various payments through the debit and credit cards.

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 Pradip Kapadia and Joint Convenorship of Shri Prashant Vora & Shri Sunil G. Khushalani, 4 Guidance Cell Meetings on various topics were conducted during the year 2017-18. Queries raised by the participant members were answered by the Panel Members / departmental authorities in detail who expressed their views and experience on the subject matter. The first Mega Guidance Cell Meeting was inaugurated by Shri Vikram Mehta & Shri Ashit Shah on 21st of August 2017.

The details of Mega Guidance Cell Meetings held during the period.

Sr. No.

Date Topic Speaker

1. 21st August, 2017

Panel Discussion on Place of Supply of Services

1. CA. Vikram Mehta 2. CA. Ashit Shah

2. 1st September, 2017

Issues in Registration & Filing of Returns under GST

1. Shri Ashish Sharma, Deputy Commissioner of Sales Tax

2. Shri Gajanan Khanande Deputy Commissioner of Sales Tax3. Shri Sunil Bodhgire Deputy Commissioner of Sales Tax4. Shri Nitin Shaligram Deputy Commissioner of Sales Tax

Pradip Kapadia Chairman

Prashant Vora Jt. Convenor

Sunil Khushalani Jt. Convenor

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GSTPAM

Sr. No.

Date Topic Speaker

3. 8th June, 2018 Issues Regarding Implementation of E-Way Bill

1. Shri G. V. Bilolikar, Joint Commissioner of Sales Tax2. Shri Gajanan Khanande, Deputy Commissioner of Sales Tax3. Shri. Rakesh Bhavsar Asst. Commissioner of Sales Tax

4. 4th July, 2018 Intricacies in filing of VAT/CST/GST/PTR Returns, Refund Application (501), obtaining Declarations Forms, J1-J2 Mismatch

1. Shri Nitin Shaligram, Deputy Commissioner of Sales Tax2. Shri Girish Nehete, Deputy Commissioner of Sales Tax3. Shri Pramod Dumre, Deputy Commissioner of Sales Tax4. Shri Gajanan Khanande, Deputy Commissioner of Sales Tax5. Shri Ashish Sharma, Deputy Commissioner of Sales Tax6. Shri Sunil Bodhagire, Deputy Commissioner of Sales Tax7. Shri Chandrakant Kumbhare, Deputy Commissioner of Sales Tax8. Shri Ranjeet Hatole, Assistant Commissioner of Sales Tax9. Shri Harshad Kuwar, Assistant Commissioner of Sales Tax

The Mega Guidance cell Meeting dated 4th July, 2018 was held at the Mazgaon Library on “Intricacies in filing of VAT/ CST/GST/PTR Returns, Refund Application (501), obtaining Declarations Forms, J1-J2 Mismatch”. The queries on the above subject were given to the Department official in advance on which the answer were given by them. The Meeting was attended by large number of members at the library and the meeting was simultaneously webcasted across various regional centers throughout Maharashtra. We are thankful to the office bearer of each of the regional centers who had taken great efforts in arranging the said webcast through projector and screen at seminar hall of the association/Department/at their offices. More than 1,000 participants attended this meeting through webcast and were benefited by this mega guidance cell meeting. We are also thankful to CA Hiral Shah for arranging this webcast.

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67th Annual Report


10. Intensive Study Circle Committee

We are witness to the introduction of “Goods and Services Tax Act (GST)”, the biggest Indirect tax reforms in India after Independence, which was proposed as “ONE NATION, ONE TAX”. Our members are required to be well-equipped with knowledge of GST.

We all are aware that several practical difficulties are being faced in implementing and applying the rules and procedures of the GST. Keeping this in mind and with the view to update our fellow members on the latest developments in law and to discuss the practical issues arising therefrom, our Association has been regularly conducting Intensive Study Circle meetings. This time entire programme was designed to cover whole GST right from Transitional provisions to Issues in 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 Saturdays of the month (working Saturdays of Sales Tax 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 on week days, to provide benefit of more meetings and more discussion on subjects, at the meeting.

The Intensive Study Circle was inaugurated on Saturday, 5th August, 2017 at Mazgaon Library at the hands of CA. Deepak Thakkar, where he has also acted as the monitor of the first session.

The Intensive Study Circle committee was headed by Treasurer, Shri Dinesh Tambde as a Chairman with the Joint Convenors Shri Dilip V. Nathani and Shri Pravin Shinde. Total 21 meetings were scheduled starting from 5th August, 2017 and ending on 12th July, 2018. Total 157 record number of Participants had enrolled for the Intensive Study Circle meetings. This time the convenors 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.

Dinesh Tambde Chairman

Dilip Nathani Jt. Convenor

Pravin Shinde Jt. Convenor

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GSTPAM

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 intensive study and interactive meetings.

SCHEDULE FOR INTENSIVE STUDY CIRCLE 2017-18 ISSUES UNDER GST

Sr. No.

Date Topic Group Leader Chairman / Monitor

1. 5th August, 2017

Transitional Issues under GST

CA. Aditya Surte

CA. Deepak Thakkar

2. 11th August, 2017

Registration Issues (Including Causal Dealer)

CA. Hemang Shah

CA. Vikram Mehta


Issues in Filing of Returns under GST, TRANS-1, TRANS-2

CA. Deepali Mehta

CA. Mayur Parekh

4. 16th September, 2017

Issues in supply W.R.T. Composite and Mixed Supply

Adv. Rahul Thakar

Adv. Vinayak Patkar


Issues in Valuation of Goods and Services

Adv. Ishan Patkar

CA. Sujata Rangnekar

6. 13th October, 2017

Issues under Works Contract and Real Estate

CA. Kush Vora CA. Rajiv Luthia


Issues in Input Tax Credit and RCM

Adv. Khushiram Jadhawani

CA. Naresh Sheth

8. 2nd November, 2017

Issues under Hotels, Restaurants, Outdoor Caterers, Tour & Travels

CA. Umang Talati

CA. Manish Gadia

9. 18th November, 2017

Issues under Place of Supply W.R.T. Services

Adv. Parth Badheka

CA. Rajat Talati

10. 2nd December, 2017

Issues in Place of Supply of Goods Under GST

Adv. Sonali Bapat

Adv. Ratan Samal

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67th Annual Report


Sr. No.

Date Topic Group Leader Chairman / Monitor

11. 16th December, 2017

Issues in Time of Supply of Goods and Services Under GST

CA. Aditya Kshatriya

Shri Dhaval Talati

12. 6th January, 2018

Issues in Refund W.R.T. Zero Rated Supplies & It’S ITC

CA. Ankit Chande

CA. Ashit Shah


Issues under Hotels, Restaurants, Outdoor Caterers, Tour & Travel

CA. Umang Talati

CA. Manish Gadia

14. 17th March, 2018

Issues Under GST to Charitable Trust & Non- profit Organization

CA. Dharmen Shah

CA. Amar Shukla

15. 07th April, 2018

Issues in Taxability Co-operative Hsg. Society

Shri. Bhavin Mehta

CA. Bharat Gosar

16. 13th April, 2018

Issues in Classification of Goods and Services

Adv. Dinesh Tambde

Adv. C.B. Thakar

17. 21st April, 2018

Issues in Composition Scheme

CA. Premal Gandhi

CA. Janak Vaghani

18. 22nd June, 2018

Issues in Inter-State transactions & Import Under GST

CA Sumit Jhunjhunwala

Adv. Nikita Badheka

19. 30th June, 2018

Issues in Job Works, Repairs, Replacement & Warranty Transactions Under GST

CA. Sheel Bhanushali

CA. Kiran Garkar

20. 7th July, 2018 Issues in Assessment & Appeals Under GST

Adv. Vinod Mhaske

CA. Kantilal Jain

21. 12th July, 2018 Issues In GST Under GST

CA. Avinash Lalwani

CA. Deepak Thakkar

24


GSTPAM

11. Referencer Committee Parts A, B & C

The GSTPAM Referencer book has taken a move ahead and it has become now an most appreciable and a must book for every practitioner practicing in Indirect taxes. This year’s Committee was headed by Hon. Secretary Shri Aalok Mehta as a Chairman along with Shri Premal Gandhi & Smt. Sonali Bapat as Joint Convenors.

Last year we have selected the theme as “MOVING AHEAD” and in line of the same, this year our theme is “MOVING, ACCEPTING, FACING AND CHALLENGING THE CHALLENGES” for “REFERENCER 2018-19”. This year, 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 combo nature of Referencer for Indirect Taxes.

Along with the Referencer 2018-19 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. We acknowledge the efforts of the members of Publication Committee CA. Rajat Talati, CA. Ashit Shah, CA. Aditya Surte and our President CA. Pranav Kapadia in conceptualising and finalizing the e-Compilation.

During the year, our Association has published it’s First Referencer on GST. The GST Referencer 2017-18 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 30-11-17, Gist of important Judgements 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 hereby appreciates and acknowledges the efforts made CA. Bhaven Mehta and guidance given by CA. Deepak Thakkar, Adv. Deepak Bapat, Shri Dhaval Talati, CA. Janak Vaghani and CA. Mayur Parekh who have helped in finalizing this GST Referencer. They have reviewed the entire contents prepared by the Makers and Checkers and also reframed the topics to include the various

Aalok Mehta Chairman

Sonali Bapat Jt. Convenor

Premal Gandhi Jt. Convenor

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67th Annual Report


and frequent amendments being made in the GST Law after its implementation. The amendments made upto 15th November, 2017 had been duly incorporated in the GST Referencer 2017-18. Password protected e-version of the GST Referencer has also been made available to its subscribers in our website www.gstpam.org.

The new GST Referencer 2017-18 had an overwhelming response and around 4,750 copies were sold.

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 Prashant Vora. The 42nd Residential Refresher Course was held from 15th February 2018 to 18th February, 2018 at The Golden Palms Hotel & Spa – Bengaluru.

The essence of the RRC was GST and the theme was Gaining the Edge - Strategies for Success - The Challenge of Changes. 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 concept of panel discussion was also introduced in this RRC which was very much appreciated by the participants.

A unique feature of this RRC was that the Group Leaders and Mentors interacted with the respective Paper Writer and Chairman through Video Conference few days before the commencement of the RRC. This initiated the learning process for the topics covered and cleared the doubts of the group leaders on the facts mentioned in the case studies prepared by the Paper Writers. During the RRC, sufficient time was allocated for the brain storming group discussions after which the Group Leaders and Mentors had a separate reporting on the views of their groups to the Paper Writer and Chairman. Subsequently, the Paper Writers presented their paper and views on the case studies with expert comments from the Chairman after duly considering the views of the groups. This new system enlightened and enriched the knowledge of the participants.

During the RRC the delegates had a unique experience of meeting and interacting with Sri Sri Ravi Shankar ji during their visit to his ashram at the Art of Living

Sachin Gandhi Chairman

Prashant Vora Convenor

26


GSTPAM

International Centre at Bengaluru. RRC Commitee acknowledges the efforts made by our member and representative from Regional Centre Shri Rajkumar Bhambare for arranging the interactive meeting with Guruji, meditation and sightseeing for the members at the ashram. The participants also enjoyed sightseeing programme of Bannerghatta National Park with Safari excursion. The Safari included separate sections for herbivores e.g. spotted deer and carnivores as bears, lions, white tigers and Bengal tigers.

The details of papers submitted at the said RRC are as under:

Paper Topics Paper Writer Chairman

Discussion Paper 1

Case Studies in Composite and Mixed Supply

CA. Aditya Surte

CA. Parind Mehta

Discussion Paper 2

Case Studies in Place of Supply of Goods and Services

Adv. Rahul Thakar

CA. Vikram Mehta

Presentation Paper

Recent Amendments in GST Law

CA. Deepak Thakkar

Panel Discussion

Issues in Input Tax Credit

Moderator CA. Rajat Talati

Panellists 1. CA. Sujata Ranganekar 2. Adv. V. Raghuraman 3. CA. S. Venkatramani

Brains’ Trust Session

Issues in Valuation, RCM, Classification, WCT etc.

Trustees 1. Adv. C. B. Thakar 2. Adv. Nikita Badheka 3. Adv. Vinayak Patkar 4. CA. Jatin Christopher

The RRC was inaugurated by Shri C. B. Thakar Past President STPAM. Shri C. B. Thakar delivered inaugural speech on the subject of “GST Implementation”.

We once again thank the Chief Guest, Paper Writers, Chairmen, Paper Presenters, Moderators & Panellists of Panel Discussion, Trustees of Brains’ 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.

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67th Annual Report


There were total 198 participants of RRC which include 131 male delegates, 10 female delegates and 57 spouse and children.

13. International Residential Refresher Course

The 17th International Residential Refresher Course of our Association was organised at Swiss/Paris/Austria under the Chairmanship of Shri Sachin Gandhi and Convenorship of Shri Sunil Khushalani from 29th April 2018 to 9th May, 2018. The International Residential Refresher Course received a good response participation of 37 delegates.

The tour was conducted by Club 7 Holiday Limited and all the delegates appreciated the service provided by the tour operator throughout the tour.

The following topic was discussed:

Paper for Discussion Paper Writer

Taxable Transaction under European Union – VAT CA. Ashit Shah

14. Seminar and Workshop Committee

The Seminar & Workshop Committee was chaired by Shri Deepak Thakkar with the Joint Convenors Shri Vinod Mhaske, Shri Bhaven Mehta and Shri Premal Gandhi. The Seminar & Workshop Committee has conducted various seminars & workshops from time to time. During the 2017-18, the Seminar & Workshop Committee has organized seminars and workshops to educate the members of the Association on the GST Law. 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 activities carried out by Seminar & Workshop Committee during the year 2017-18 are summarized as below:-

Sachin Gandhi Chairman

Sunil Khushalani Convenor

Deepak Thakkar Chairman

Premal Gandhi Jt. Convenor

Vinod Mhaske Jt. Convenor

Bhaven Mehta Jt. Convenor

28


GSTPAM

1. On 12th, August 2017, Full Day Seminar was organized jointly with The Malad Chamber of Tax Consultants at Aspee Auditorium Malad, on the subject of Practical Aspects of Goods & Services Tax. The topics covered were Understanding of GST Tans 1 & 2, Practical Aspects of GST Return filing, Practical Aspects of Invoicing, challans & Accounting and the learned speakers were CA. Ankit Chande, CA. Mitesh Katria and CA. Jayesh Gogri respectively. Total 895 delegates had participated in the said seminar. As overwhelming response was received by the members and due to the limitation of seats in the auditorium, 2 auditoriums were booked in the same venue and the speakers had given their speech at both the auditorium alternatively, one after another on the same day. This type of approach of GSTPAM was welcomed by the members and was appreciated by all.

2. During the year, the committee also organised Half Day Workshop for in-depth analysis & study of GST law. The unique feature of the workshop was that the concept of Presenter & Supervisor was introduced. The presenters had presented their views on the given subjects and the same was supervised by seniors in the profession. Participants got an opportunity to interact with the presenter and supervisor. The workshop had focused on the practical aspect as well on the procedural issues. The workshop had 4 lectures of 3 hours each and it was conducted on 28th August, 2017, 6th September, 2017, 8th September, 2017 & on 11th September, 2017 at GSTPAM Library, Mumbai. Delegates participated from different profession and industry in the said workshop. The presenters were CA. Parita Shah, CA. Aditya Surte, CA. Mayur Parekh and CA. Krunal Davda and their supervisors were CA. A.R. Krishnan, CA. Sunil Gabhawala, Adv. P. C. Joshi and CA. Parind Mehta respectively.

3. Another Full Day Seminar was organized on 7th October, 2017 jointly with Maharashtra Chamber of Commerce, Industries and Agriculture, All India Federation of Tax Practitioners (WZ) & Tax Practitioners Association, Nashik on the subject of “Challenges under GST Act” at Shri Kadayata Bhavan Mandal Hall, Vile Parle, Mumbai. The said seminar was Inaugurated by Adv. Shri P. C. Joshi and in the said seminar amendments made on 6th October, 2017 in the 22nd Council meeting of GST Council was also discussed by CA. Ashit Shah, the amendments were just announced 1 day before the seminar. Participants benefitted a lot from said seminar. Case studies on various issues were also discussed by the young & upcoming professionals viz. CA. Ishaan

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67th Annual Report


Patkar, Adv. Parth Badheka, Adv. Rahul Thakar and CA. Chetan Bumb under guidance of Adv. C. B. Thakar. In the said seminar CA. S. Venkatramani of Bengaluru, Adv. Nikita Badheka, Adv. Dinesh Tambde and CA. Janak Vaghani had also given their speeches and guidance on various topics of GST.

4. Another Half Day Seminar was organized on Recent Amendments and Provisions relating to Import & Export under GST Law on 21st December, 2017, at Mysore Association Auditorium, Matunga, Mumbai. The learned speakers were CA. Ashit Shah & CA. Ankit Chande. And it was participated by 139 delegates. Members present gained the knowledge shared by the speakers and also appreciated the new venue.

5. Our association had organised it’s most awaited workshop i.e. the Workshop on GST law jointly with AIFTP (WZ), BCAS, CTC, MCTC and WIRC of ICAI for the year 2017-18. This was the 9th continuous year of the joint workshop. It was organized from 17th Jan, 2018 to 14th Mar, 2018, on every Wednesday at GSTPAM Library, Mazgaon. Total 217 delegates had participated from profession & industry in the said Joint Workshop. The Joint Workshop consisted of 14 technical sessions with 14 eminent speakers and also a brain trust session at the end with 4 eminent speakers as Brains’ Trustees in the Mega Brains’ Trust Session. 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. The sessions were very interactive and the delegates discussed the intricacies of the subject in detail.

6. A Full day Seminar on GST law was organized on 29th June, 2018 at Swatantryaveer Savarkar Rashtriya Smarak, 252, Swatantryaveer Savarkar Marg, Near Mayor’s Bungalow, Shivaji Park, Dadar (West) Mumbai-400028. Keynote addressed was given by Hon’ble Commissioner of SGST, Maharashtra State Shri Rajiv Jalota. The Seminar had an overwhelming response and the registration for the seminar was closed 7 days before the seminar date and was attended by 482 participants. Many outstation members had also attended the seminar.

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GSTPAM

Details of Seminars/ Workshops conducted by Workshop Committee :

Sr. No.

Date Seminar / Workshop

Topic Speaker / Group Leader


Full day Seminar

1. GST TRAN 1 & 22. Practical Aspects of GST Returns Filing3. Invoicing, Documentation & Accounting

1. CA. Ankit Chande2. CA. Mitesh Katira3. CA. Jayesh Gogri


Workshop Supply Without Consideration, Composite Supply and Mixed Supply

1. CA. Parita Shah 2. CA. A.R. Krishnan


Workshop Works Contract and Job Work relating to Immovable property

1. CA. Mayur Parekh 2. Adv. P. C. Joshi


Workshop Job work relating to movable property.

1. CA. Krunal Davda 2. CA. Parind Mehta


Workshop Place of Supply of Services 1. CA. Aditya Surte 2. CA. Sunil Gabhawala


Full day Seminar

1. Glitches of GST2. E Way Bill, TDS, TCS and recent amendments under GST3. Issues related to RCM and Classification/HSN4. Case Studies on Place of Supply

1. CA. S Venkatramni, 2. CA. Ashit Shah 3. Adv. Dinesh Tambde 4. CA. Ishaan Patkar5. Adv. Parth Badheka

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67th Annual Report


Sr. No.



5. Case Studies on Input Tax Credit6. Case Studies on WCT Transactions7. Case Studies on Composite & Mixed Supply

6. Adv. Rahul Thakar7. CA. Chetan Bumb

7. 21st December, 2017

Half day Seminar

1. Recent Amendments in GST Law 2. Provisions Relating to Import & Export under GST

1. CA. Ashit Shah 2. CA. Ankit Chande


Workshop 1. Issues In Transitional Provisions2. Documentation Including Invoicing Debit-Credit Notes & Accounting

1. CA. Rajiv Luthia 2. CA. Ashit Shah


Workshop Classification of Goods & Services

Adv. Ratan Samal

10. 31st January, 2018

Workshop 1. Composition Scheme, TDS & TCS Provisions 2. Issues In Reverse Charge Mechanism Input Tax Credit & Electronic Ledger

1. CA. Janak Vaghani2. CA. Dilip Phadke

11. 7th February, 2018

Workshop 1. Export of Goods & Services, Supplies to SEZ, Refunds2. Provisions Relating to E-Way Bills, Anti- Profiteering

1. CA. Jinit Shah 2. CA. Jayesh Gogri


Workshop Issues in Works Contract Transactions Related to Movable & Immovable Property

CA. S. S. Gupta

13. 21st February, 2018

Workshop 1. Issues Related to Job Work & E-Commerce Transactions 2. Late Fees, Interest & Penal Provisions

1. CA. Jigar Doshi 2. CA. Sujata Rangnekar

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GSTPAM

Sr. No.




Workshop 1. Issues in Valuations of Goods & Services 2. Issues in Time & Place of Supply of Goods

1. CA. Manish Gadia 2. CA. Rajat Talati

15. 7th March, 2018

Workshop 1. Issues in Time & Place of Supply of Services 2. Provisions Related to Inspection, Search, Seizure & Summons

1. CA. Naresh Sheth 2. Adv. C. B Thakar

16. 14th March, 2018

Workshop Mega Brains’ Trust Session 1. CA. A. R. Krishnan,2. CA. Sunil Gabhawala 3. Adv. Nikita Badheka4. CA. Parind Mehta

17. 29th June, 2018

Full day Seminar

1. GST Audit & Impact of GST in Finalization of Accounts & IT Returns.2. Impact of Recent AAR Rulings under GST 3. Issues in Real Estate Transactions under GST4. Brains Trust Session on Current Issues under GST

1. CA. Vikram Mehta 2. Adv. Nitin Shah3. CA. Naresh Sheth4. Eminent Faculties

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 Pranav Kapadia for giving their continuous guidance for conducting the same and also thankful to all Committee Members for their continuous support.

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15. Finance & Accounts Committee

The Committee under the Chairmanship of Shri Mayur Parekh with Convenor Shri Dinesh M. Tambde, Hon. Treasurer along with President Shri Pranav P. Kapadia, Vice President Shri Pradip Kapadia, Jt. Secretaries Shri Raj P. Shah & Shri Aalok Mehta and Committee Members Shri Hiten Shah, Shri U. M. Loonawat, Shri R. S. Pathak, Shri Suresh Sanghavi, Shri Sachin Gandhi, Shri Janak Vaghani, Shir V. R. Ghelani, Shri K. M. Shah, Shri Pravin Shah and Shri Pankaj Parekh met at Periodical Intervals to review finance and accounts of the Association.

This is the first year when GST is implemented and therefore, it was but obvious that it would accompany several implications from the perspective of expenditure, accounting, administration etc. It was great help from the Chairman Shri Mayur Parekh, Past President Shri Sachin Gandhi and President Shri Pranav Kapadia who helped in taking every possible care in implementing adequate changes in administration and accounting.

It was great help from the members of Finance Committee who reviewed the periodic accounts minutely and suggested the required changes and precautions in income and expenditure of Association. The discussion in Finance Committee meetings have always illuminated the office bearers to think in different advantageous perspective for Association. The Finance Committee which consists of several senior members have always proven to be a great support even in administration of the Association. Keeping this in mind, here it is necessary to specifically thank Shri K. M. Shah, Shri Suresh Sanghvi, Shri U. M. Loonawat and Shri R. S. Pathak who have always shown great support in administration with their positive words and suggestions.

The audited annual accounts for the year ended 31-3-2018 is printed along with this Annual Report.

The Committee is thankful to Chairman, Shri Mayur Parekh and all the members of Finance Committee for their continuous guidance and constructive suggestions for financial matters and review of accounts.

Mayur Parekh Chairman

Dinesh Tambde Hon. Treasurer

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GSTPAM

16. Regional Centres and Outstation Seminars Committee

We take proud privilege to submit our report of above committee for the year 2017-18.

Record 23 Outstation seminars held at various districts of Maharashtra during the year.

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 triggered.

We are thankful to the President and 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 us to make each event a grand success.

We solicit our sincere thanks to other associations like AIFTP, WMTPA and regional taxation bodies who jointly organised seminars with us.

Meeting of the representatives of all the Regional Centres was held on 25th November, 2017 at Mazgaon Library to discuss and represent the various issues in implementation and administration of MVAT and GST law. Another meeting of the representatives of the Regional Centres of GSTPAM was held on 1st December, 2017 at WMTPA Hall, Pune.

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.

Mahesh Madkholkar Jt. Convenor

Milind Bhonde (Pune)

Jt. Convenor

Rajkumar Bhambare

Jt. Convenor

Amol Mane Jt. Convenor

Pankaj Parekh Chairman

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67th Annual Report


Last but not the least, we solicit our team members of the committees who had worked hard to enrich the level of the committee in the Association.

The list of programmes held are as follows –

OUTSTATION SEMINAR ORGANISED BY GSTPAM JOINTLY WITH REGIONAL CENTERS.

Sr. No.

Date Subject Speaker Joint Association

1. 8th August, 2017

Classification of Schedule Entries

Adv. Ratan Samal Taxation Consultants’

Association, Sangli

2. 8th August, 2017

Classification of Schedule Entries

Adv. Ratan Samal Tax Consultants’ Association,

Kolhapur


Filing of Returns under the GST Act Practical Issues

1. Shri Nitin Shaligram2. Shri Gajanan Khanande

Taxation Consultants’

Association, Sangli


Filing of Returns under the GST Act Practical Issues

1. Shri Nitin Shaligram2. Shri Gajanan Khanande

Tax Consultants’ Association,

Kolhapur


Place of Supply, Time of Supply and Valuation of Supply

1. Adv. Milind Bhonde 2. Adv. G. Y. Patwardhan

The Western Maharashtra Tax

Practitioner’s Association, Pune

Composite Supply, Mixed Supply and Works Contract Supply

Adv. Rahul Thakar

Filing of Returns – GSTR 1, 2, 3, 3B, TRAN-1, TRAN-2

CA. Mitesh Katira

36


GSTPAM

Sr. No.


6. 17th August, 2017 to 23rd August, 2017

Input Tax Credit CA. Ashit Shah

Tax Practitioner’s Association, Nashik, &

Maharashtra Chamber of Commerce, Industry &

Agriculture, & All India Federation of Tax Practitioners

(WZ) & Nashik Chapter of

The Institute of Cost Accountants

of India

Classification and Interpretation of Tariff Entries under GST

Adv. Ratan Samal

Registration, Tax Invoice, Debit Note, Credit Note, RCM, Return, Payments, TDS, TCS.

Adv. Pradip Kshatriya &CA. Aditya Seema Pradip

Concept & Scope of Supply Place of Supply

CA. Rajat Talati

Transitional Provisions and Composition Levy

CA. Chetan Bumb

Notifications under GST

CMA. R. K. Deodhar

Circulars and Returns CMA. Pradnya Chandorkar

Place of Supply, IGST in Nutshell, Important, Definitions

Shri M. L. Patil, Deputy Commissioner

7. 23rd August, 2017

Time of Supply CA. Pranav Kapadia Taxation Consultants’

Association, SangliValue and Place of Supply

CA. Vikram Mehta

8. 23rd August, 2017

Time of Supply CA. Pranav Kapadia Tax Consultants’ Association,

KolhapurValue and Place of Supply

CA. Vikram Mehta

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67th Annual Report


Sr. No.


9. 1st Septem-ber, 2017

Issues in Filing of Returns under GST

Dr. Abhijit Pore, Asst. Comm. of Sales Tax

The Income Tax & Sales Tax

Practitioner’s Association,

(Library Trust) Solapur

10. 13th Septem-ber 2017

Filing of Tran 1 and Tran 2, under GST

Shri Suhas Padhye Taxation Consultants’

Association, Sangli

11. 27th November 2017

Recent Notifications, Circulars and Press Releases under GST Act.

Adv. Dinesh Tambde Taxation Consultants’

Association, Sangli

12. 27th November 2017

Recent Notifications, Circulars and Press Releases under GST Act

Adv. Dinesh Tambde Tax Consultants’ Association,

Kolhapur

13. 3rd January, 2018

Intricate issues in Practical filing the Returns under GST Act

1. CA. Shripad Bedarkar2. CA. Manoj Lalwani

Taxation Consultants’

Association, Sangli & The Western

Maharashtra Tax Practitioner’s

Association, Pune

Setoff Practical Issues CA. Rajesh Bhate


E-way Bill and Recent Amendments under GST

CA. Sheel Bhanushali

The Western Maharashtra Tax

Practitioner’s Association, Pune

Critical Issues after Demonetisation

CA. Paras Savla

15. 23rd January, 2018

E-Way Bill under GST 1. CA. Girish Shah Barshi Tax Consultants’ Association,

(Solapur) & Rotary Club of Barshi

2. Adv. Amol Mane

3. Shri Nitin Bang

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Sr. No.


16. 17th March, 2018

INCOME TAX : Issues related to Demonetization

CA. Devendra Jain The Chamber of Tax Consultants, The Aurangabad Branch of WIRC of ICAI & The

Tax Practitioner’s Association, Aurangabad

Issues related to Benami Transactions

CA. Paras Savla

GOODS & SERVICE TAX:- Issues related to Refund on Supplies to SEZ and Deemed Exports

CA. Ankit Chande

Position of Builders and Government Contractors under GST

CA. Deepak Thakkar

17. 24th March, 2018

Recent Amendments in GST Law including Notification and Circular

CA. Aditya Surte Tax Practitioner’s Association,

Nashik

Taxation of works contracts and Buildership Transaction under GST Law

Adv. Deepak Bapat

Brains Trust

18. 28th April, 2018

Half Day Seminar on E-way Bill

CA. Aditya Surte Taxation Consultant’s Association, Sangli

19. 28th April, 2018

Half Day Seminar on E-way Bill

CA. Aditya Surte Tax Consultant’s Association, Kolhapur

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67th Annual Report


Sr. No.


20. 25th June, 2018

Finalisation of Accounts with GST and Income-tax Returns

CA. Hiral S. Shah Dhule District Tax Practitioner’s

Association

Advance Rulings And Appeals

Adv. Aditya Surte

VAT and GST Audit with Annual Return

CA. Pranav P. Kapadia

E-Way Bill CA. Aditya Seema Kshatriya

21. 30th June, 2018

Issues in GST on Builders, Developers and Real Estate Transactions

CA. Ashit Shah Tax Bar Association, Amravati &

Vidarbha Tax Practitioner’s Association,

Nagpur

Issues in Works Contract under GST

CA. Rahul Thakkar

Important Issues related to E-Way Bills

CA. Mayur Parekh

Input Tax Credit under VAT & GST

Adv. Vinayak Patkar

GST Audit & Impact of GST in Finalisation of Accounts & IT Returns

CA. Pranav Kapadia

Brains’ Trust Session on Current issues under GST

Moderator - CA. Shailendra Jain

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GSTPAM

Sr. No.


22. 7th July, 2018

Impact of GST on Indian Economy and our Profession

Advocate C. B. Thakar

The Tax Practitioner’s Association,

Parbhani & CPE Chapter - Parbhani

- WIRC

GST Returns and GST Audit, GST Impact on Finalisation of Accounts and IT Return

CA. Dharmen Shah

Input Credit, Debit note and Credit note adjustments

Shri Dhaval Talati

Question and Answer - Practical Questions related to GST

1. Advocate C. B. Thakar2. CA. Dharmen Shah3. Shri Dhaval Talati 4. CA. Pranav Kapadia

23. 8th July, 2018

GST Audit & Impact of GST in Finalization of Accounts & IT Return

CA. Dharmen Shah Jalgaon District Tax Practitioners

Association (JDTPA) & The

Jalgaon Branch of WIRC of ICAI

Issues in Works contract, Government Contract & Builders

Adv. C.B. Thakar

Input tax Credit, Refund - Export & Inverted Duty Structure

Shri Dhaval B. Talati

Brains’ Trust Session on Current Issues Under GST

1. CA. Pranav Kapadia2. Adv. C. B. Thakar3. Shri. Dhaval B. Talati 4. CA. Dharmen Shah

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67th Annual Report



Sunil D. Joshi Jt. Convenor

Jatin Chheda Jt. Convenor

17. News Bulletin

Under the Chairmanship of Shri Dinesh Tambde and Joint Convenor Shri Sunil Joshi and Shri Jatin Chheda, the Association has periodically published News Bulletins during the year 2017-18. With the able guidance and active support of the President Shri Pranav Kapadia the committee could make the News Bulletin precise.

The News Bulletins are uploaded on GSTPAM website. The GSTPAM News Bulletin contains details of the all programmes of the Association during the month, Goods and Service Tax Updates, Sales Tax Updates, Income Tax updates, Short Notes on the recent decisions of the Maharashtra Sales Tax Tribunal, Gist of Goods and Services Tax Notifications and Circulars which were contributed on a monthly basis by experts and are useful to the members of the Association for getting important information at a glance.

18. Membership & Subscription (Local)

The Membership & Subscription (Local) Committee was chaired by Shri Raj Shah with the Joint Convenors Adv. Amol Shirode and CA. Bhaven Mehta. This year we are headed with aim to increase the membership count and standardise the renewal processes.

In current year we have informed 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. This year the committee has redesigned the Membership, Renewal & Subscription forms where new forms were short and simple in structure and were easy to fill up. The 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

Raj Shah Chairman

Bhaven Mehta Jt. Convenor

Amol Shirode Jt. Convenor

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GSTPAM

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 whereever 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 thankful to our President Shri Pranav Kapadia for giving his continuous guidance and we are also thankful to our committee member CA. Dharmen Shah for his continuous support.

We are hopeful that the efforts of the Convenors and members of committee, must have benefitted 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) Committee

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 8th August, 2017 two seminars were organized at Sangli and Kolhapur and on 16th August 2017 with local organised the WMTPA, Pune. The Full day seminar at Pune was inaugurated in the presence and at the auspicious hands of President Shri Pranav Kapadia. In the said seminar the President briefed about the work of the GSTPAM (erstwhile STPAM) and encouraged the participants to become the member of the GSTPAM narrating various activities undertaken by the Association in the interest and for the benefit of the members.

In order to discuss the problems and challenges faced by the outstation members and the tax

Dr. Shashank Dhond

Chairman

Mahesh Bafna (Dhule)

Jt. Convenor

Rajkumar Bhambare (Parbhani)

Jt. Convenor

Milind Bhonde (Pune)

Jt. Convenor

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67th Annual Report


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 1st Dec., 2017. The office bearers of the GSTPAM, Mumbai including President Shri Pranav 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. 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 Aditya Surte, work on following short publications is underway and the same are expected to be published in the months of June/July 2018:

Subject Contributor(s) Mentor

Classification of Goods and services – Principal & Interpretation

Shri Ratan Samal Shri V. Sridharan

Place of Supply of Goods and Services

Shri Ankit Chande and Shri Rahul Thakar

Shri Sunil Gabhawalla

Composite Supply and Mixed Supply

Shri Dharmen Shah Shri Parind Mehta

Aditya S. Surte Jt. Convenor

Ashit Shah Jt. Convenor

Rajat Talati Chairman

Satish Boob (Nashik)

Jt. Convenor

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GSTPAM

Subject Contributor(s) Mentor

Valuation of Goods Services

Smt Parita Shah Shri S. S. Gupta

Impact of GST on Construction Industry

Shri Keval Shah Shri Rajat Talati

Impact of GST on Hospitality Industry

Shri Umang Talati Shri Manish Gadia

Work on more short publications on classification, valuation and other industry-specific subjects is in the planning stages.

The Committee is also working on releasing a e-compilation of GST Acts, Rules, Rates, Notifications, Press Releases and Circulars which would serve as a single reference point for the members. An e-compilation of the same is also being prepared with hyperlinks to relevant notifications, which would be provided to the subscribers of the Referencer on a complementary basis.

21. Sports Committee

Under the Chairmanship of Shri Aalok Mehta and Joint Convenor Shri Mahesh Madkholkar & Shri Ajay Talreja, Second Triangular Indoor Box Cricket Tournament (with Tennis Ball) was organised by our Association jointly with The Chamber of Tax Consultants and The Malad Chamber of Tax Consultants on 10th March, 2018 at The Turf Club, Thakur Village, Kandivali, Mumbai. Our Association won the Tournament under the captainship of Shri Aalok Mehta, We are thankful to all the members who have participated in this tournament. We are also thankful to The Chamber of Tax Consultants and The Malad Chamber of Tax Consultants for their support in organising this mega event. Further on 21st June 2018, “International Yoga Day” was celebrated by Organizing Workshop on Yoga, by Yoga Instructor Shri Sachin Dixit at our GSTPAM Library, Mazgaon.

Aalok Mehta Chairman

Mahesh Madkholkar Jt. Convenor

Ajay Talreja Jt. Convenor

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67th Annual Report


C. B. Thakar Chairman

Aditya S. Surte Jt. Convenor

Parth Badheka Jt. Convenor

22. Tribunal Judgments & Short Note Committee

Committee was headed by Chairman Shri C. B. Thakar and Joint Convenors Shri Aditya Surte and Shri Parth Badheka. The work of checking and chronologically listing the judgments of the Maharashtra Sales Tax Tribunal, which was commenced by this committee in the preceding year was continued and streamlined to collect and update all the judgments up-to-date. The convenors, with the help of fellow committee members Shri Vinod Mhaske, Shri Vivekanand Rao, Shri Sunil Joshi, Shri D. V. Phad, Shri Dharmen Shah and Smt. Sonali Bapat, have undertaken the work of preparation of gist of important judgments for the benefit of members at large and to display the same on the website and publish in the News Bulletin.

23. 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 bond between the Association and Members.

Website Upgradation

In the current year, the website domain “stpam.org” was shifted to “gstpam.org” pursuant to change in name of our Association. 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 464 responses from members of Association.

2. Study Material distributed at various events of GSTPAM like Intensive Study Course, Coaching class, workshop, and other events are available on website to all members post login.


Dharmen Shah Jt. Convenor

Hiral Shah Jt. Convenor

46


GSTPAM

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 new 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 2 hours of event completion.

6. GST Referencer 2017-18 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 for law and representation committee was activated to enable members of Association to forward all queries immediately sitting in office without having to submit physical applications.

Due to all above functionalities on website, visitor count of website has crossed 3.7 lakhs.

Mass e-mail & Mass-SMS

The mass e-mail facility has been successfully implemented and configured to ensure e-mails reach members inbox instead of spam mail box 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. Mailing Webinars links to members for joining events.

4. Sending pre-filled membership forms to members for renewal.

5. Mass SMS is regularly being used to update all members on the go about events conducted by association.

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67th Annual Report


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. Live Meeting on the web was held for Group Leaders and Mentors of RRC so that the Geographical distance constraints of Group Leaders and Mentors was eliminated.

This new technology has revolutionised the way Association arranges regular Study Circles 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.

During some important live streaming sessions, Regional Centres were involved and seminar halls were booked for members to come together and watch the webinar 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 appreciations from members led to multiple webinars being conducted during the year.

Live Streaming of Study Circle Meetings

Sr. No. Date Speaker Topic

1 22.01.2018 CA. Sheel Bhanushali E-Way Bill under GST

2 05.04.2018 CA. Mitesh Katira Practical Aspects of E-Way bill

3 04.07.2018 1. Shri Nitin Shaligram, Deputy Commissioner of Sales Tax2. Shri Girish Nehete, Deputy Commissioner of Sales Tax3. Shri Pramod Dumre, Deputy Commissioner of Sales Tax4. Shri Gajanan Khanande, Deputy Commissioner of Sales Tax

Intricacies in filing of VAT/CST/PTR Returns, Refund Application (501), obtaining Declarations Forms, J1-J2 Mismatch

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GSTPAM

Sr. No. Date Speaker Topic

5. Shri Ashish Sharma, Deputy Commissioner of Sales Tax 6. Shri Sunil Bodhagire, Deputy Commissioner of Sales Tax7. Shri Chandrakant Kumbhare, Deputy Commissioner of Sales Tax8. Shri Ranjeet Hatole, Assistant Commissioner of Sales Tax9. Shri Harshad Kuwar, Assistant Commissioner of Sales Tax

List of Webinars hosted/Proposed

Sr. No.

Date Speaker Topic

1 24.11.2017 CA. Rajat Talati Taxation of Restaurants, Hoteliers and Caterers under GST Act

2 22.12.2017 CA. Mayur Parekh Issues in WC transaction under GST3 05.06.2018 CA. Manish Gadia GST Impact on Tours and Travel

Industry4 02.07.2018 CA. Jigar Doshi Applicability of Foreign Trade Policy to

Indirect Taxes 5 13.07.2018 CA. Ashit Shah GST Impact on Construction Industry

24. Public Relations Committee

This committee was headed by Shri Pradip Kapadia 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:

Pradip Kapadia Chairman

Dharmen Shah Convenor

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67th Annual Report


Reactivating Facebook Page (Social Media)

1. The Facebook Page is reactivated with additional security and a sign up form is created so as to enable any visitor to fill up membership form.

2. All events to be held are regularly updated on Facebook in advance. Post events 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 initially after activation, members visiting facebook page has increased by more than 1000%. Our every post is viewed approximately by around 750 - 1,000 people.

5. As on date, 3,843 users are following our Facebook Page. As per Facebook report, users following Facebook Page are located across globe and from various States in India.

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 312 subscribers as on date.

2. Every video uploaded after revamping of YouTube channel has resulted in average 50 to 1505 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. 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.

– On change of name from STPAM to GSTPAM in Mumbai Samachar.

– Explanation of importance of GST in Navbharat Times.

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GSTPAM

– GSTPAM discussing GST issues by calling a meeting had come in a Marathi newspaper.

– When GSTPAM won cricket tournament in Mumbai Samachar.

25. Advance Ruling Compilation Committee Report

This Committee undertakes the task of publishing gist of Advance Rulings / DDQ orders under GST/ VAT laws in the Sales Tax Review and preparing and publishing the compilation of orders on calendar year basis. The Committee headed by Shri Dinesh M. Tambde as Chairman and Shri Ishaan V. Patkar as the Convenor, have taken great efforts in preparing the gist of DDQ and published in Sales Tax Review throughout the financial year for the benefit of the members of the Association.

26. Constitution Amendment Committee

Constitution is a set of fundamental principles or established precedent according to which Association or Trust is undertaking its varied useful activities.

Constitution Amendment committee was formed which was headed by one of the seniormost members of our Association, Shri P. C. Joshi Convenor was Shri Sunil G. Khushalani.

During the tenure of our Committee the G.S.T. Act was introduced. Consequently it was necessary to change the existing name “The Sales Tax Practitioner’s Association of Maharashtra’’ to “The Goods & Services Tax Practitioners’ Association of Maharashtra”.

The Committee initiated the proceedings. Subsequently a Special General Meeting was convened to approve the change of the name of Association as also other consequential changes which were not effected in the previous years were also to be considered.

Sunil Khushalani Convenor

P. C. Joshi Chairman


Ishaan Patkar Convenor

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67th Annual Report


Accordingly a notice was issued and the Special General Body Meeting was held on 17-3-2017 & 28-4-2017. All the proposals were approved to be carried out in the constitution of our Association.

After the approval in Special General Meeting, proper change in name & other Clauses was reported to the Hon’ble Asst. Charity Commissioner in schedule III on 18-1-2018 Hon’ble Charity Commissioner approved the name and other changes to the constitution.

Due to change in name of Association as other clauses of Constitution, the amended booklet of our Association was unveiled in the hands of our senior members Shri P. C. Joshi and Shri D. M. Gala and our President CA. Pranav P. Kapadia on 23-2-2018, in the presence of large number of members who attended “Arvind Thakker Memorial Lecture’’.

We would like to place on record our appreciation to all the members of this Committee President CA. Pranav P. Kapadia, Past President Dr. Shashank Dhond, Treasurer Shri Dinesh Tambde without whose help the task couldn’t have been completed.

We would also like to thank Shri P. C. Joshi and Shri D. M. Gala and other seniors, without their blessings/ guidance or co-operation the task would have remained incomplete.

27. Foundation Day & Diwali Get-together

The 67th Foundation Day of our Association was celebrated on 17th November, 2017. A Health Check-up and Computerised Eye-Testing camp was organised for the members and their family members on the occasion of Foundation Day. It was for the first time in the history of Association that such a camp was organised. Medical Representatives from reputed pharmaceutical companies like Cipla, Glenmark Pharma, Ajanta Pharma, Biosense etc., carried out the medical tests such as Random Blood Sugar (Diabetes), B.M.D. (Osteaophorisis-Calcium), Uric Acid, Asthama along with Dental Check-up and Eye Testing (Computerised and Manual).

The Health Check-up camp was followed by a Musical Programme on Stress Free Living by Mr. Sanjeev Shah who explained how to live stress free in a unique musical presentation by correlating his talk with Hindi Movie Songs.

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GSTPAM

28. Awards

Sr. No.

Prize for Awardee[s] Judge[s] for selection

1. Best Article writer in STR [April 2017 to March 2018]

Shri Mandar Telang Editor - Shri Vikram Mehta & Associate Editor - Shri Dhaval Talati

2. Best Column Writer in STR [April 2017 to March 2018]

Shri Sunil Jhunjhunwala

Editor - Shri Vikram Mehta & Associate Editor - Shri Dhaval Talati

3. Best Speaker in Study Circle Meetings

Shri Kiran Garkar Office Bearers

4. Best Paper Writer in 42nd Residential Refresher Course

Shri Aditya Surte Shri Pankaj Parekh & Shri Ashvin Acharya

5. Best Sportsman Shri Mahesh Madkholkar

Shri Pradip Kapadia

6. Rajkumar Adukia Foundation Award for Best Group Leader in Intensive Study Course Meetings

1. Shri Sumit Jhunjhunwala2. Shri Umang Talati

Convenors: Shri Pravin Shinde & Shri Dilip Nathani

7. Best Convenor 1. Shri Hiral Shah 2. Shri Dilip Nathani 3. Shri Bhaven Mehta 4. Shri Prashant Vora

President: Shri Pranav Kapadia

8. T.B. Lulla Memorial Fund for best Organizer for Outstation Seminar.

1. Taxation Consultants’ Association, Sangli 2. Tax Consultants’ Association, Kolhapur 3. Tax Bar Association, Amravati


9. Satishchand Laxmichand Memorial Awards for best pleader before the Mock Tribunal & T. B. Lulla Memorial Fund for best Participant at Moot Court Competition.

1. Miss. Maina Sancheti2. Shri Ajay Talreja

Shri Deepak Bapat & Shri Ratan Samal

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67th Annual Report


Sr. No.

Prize for Awardee[s] Judge[s] for selection

10. Dr. Bharat D. Vasani Prize for securing highest percentage of marks in C.A. examination.

11. D. M. Gala Prize for excellence in any field/ subject/work as may be decided by the President

1. Shri Mayur Parekh2. Shri Rajat Talati 3. Shri Pankaj Parekh


28. Obituary With profound grief we record the sad demise of our members:

1. Shri Bharat Shemlani2. Shri Gopaldas Bagri3. Shri Vasantray Vithaldas Mody4. Shri Viswanath V. Khare5. Shri Satish Boob6. Shri R. C. Kale7. Shri Govind N. Mistry8. Shri J. V. Chhabria9. Shri Arun S. Salve

29. Acknowledgements

The various activities of our 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.

1. Hon’ble Finance Minister, Shri Sudhir Mungantiwarji for recommending our representation on Changing the System of Filing of GST Returns to the GST Council and for extending the due date for filing of VAT Audit Report for F.Y. 2016-17 by one month.

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.

3. Hon’ble Member of Maharashtra Sales Tax Tribunal, Shri R. R. Gandhi for inaugurating the Study Circle Meeting and addressing the members on the occasion.

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GSTPAM

4. Hon’ble Members of The Maharashtra Sales Tax Tribunal for their presence at the Inaugural Study Circle Meeting.

5. Past Presidents Shri P. C. Joshi and Shri D. M. Gala for releasing the Amended and Updated Constitution Book of our Association.

6. Past Presidents Shri P. V. Surte and Shri S. S. Gaitonde for unveiling the Vision Statement of our Association.

7. Special thanks to Past President Shri Vinayak Patkar and Ishaan Patkar for suggesting the name of GSTPAM as the Association for representing the issues under GST to the State and Central GST Commissioners under the auspices of the orders issued by Hon’ble Bombay High Court in the Writ Petitions in the cases of Abicor & Binzel Technoweld Pvt. Ltd. and Padmavati Enterprises.

8. Past President Shri C. B. Thakar for inaugurating the 42nd RRC at Bengaluru.9. Past President Shri Deepak Thakkar for inaugurating Intensive Study Circle.10. Editor of Sales Tax Review, Shri Vikram Mehta for inaugurating the Mega

Guidance Cell Meeting.11. Past President Shri Deepak Bapat for inaugurating the 32nd Batch of

Coaching Class.12. All the dept. officials for sharing their views at various Guidance Cell

Meetings13. Shri Sanjeev Shah for performing Musical Programme on Stress Free Living

on the eve of Diwali Get-together and Foundation Day of our Association14. Shri Prasad Panvalkar for arranging the Health Check-up and Eye Testing

Camp wherein representatives from reputed Pharmaceutical companies had conducted various medical tests.

15. Shri Sachin Dixit, Yoga Instructor for enlighting the Participants on International Yoga Day on 21st June, 2018.

16. 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.

17. Members of the Editorial Board of the Sales Tax 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 Sales Tax Review.

18. Editor Shri Vikram Mehta & Associate Editor Shri Dhaval Talati of the Sales Tax Review for F.Y. 2017-18 for rendering their selfless services during the year.

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67th Annual Report


19. All the authors of monthly columns and Contributors of Articles and other Reference materials for the Journal.

20. 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.

21. 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.

22. CA. Shailesh Ghedhia for co-ordinating meetings with Finance Minister Maharashtra State.

23. 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.

24. Regional Tax Practitioners’ Associations for holding Joint seminars.25. Office Bearers and Members of Managing Committee of :

• The 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

26. Judges for the various awards for selecting awardees.27. All makers and checkers of the Referencer for compiling and checking the

same.28. All authors and mentors of the Short Publications on GST for compiling and

checking the same.29. Our statutory auditor Sheth Doshi and Associates, Chartered Accountants for

Auditing the Accounts of our Association for the year 2017-18.

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GSTPAM

30. Management of the Hotel Golden Palms Hotel & Spa for excellent arrangements provided for 42nd Residential Refresher Course.

31. Shri Rajesh Bist of Club 7 Holidays Ltd. for excellent arrangement of International Study Tour at Paris, Switzerland & Austria.

32. Management of Sawarkar Auditorium, Mysore Association Auditorium and Aspee Auditorium for excellent arrangement for Seminars.

33. Printers M/s. Finesse Graphics & Pvt. Ltd. for timely printing of Sales Tax Review, Referencer, RRC Paper and other publications.

34. Special thanks to Mr. Shakir Khan, Commercial Tax Officer, Mysuru, Government of Karnataka, who has shared with us the compilation “Edition-3 GST A to Z dated 14-11-2017” on GST Rates, prepared by him and allowed to publish extracts from it in this GST Referencer.

35. We also thank all those Individuals and organisations who directly or indirectly helped us in organising various activities of the Association.

36. Our Special thanks to Past Presidents Shri Deepak Thakkar, Shri Rajat Talati, Shri Mayur Parekh, Shri Pankaj Parekh and Shri Sachin Gandhi and Senior member Shri Janak Vaghani and Shri Suresh Sanghavi for helping in organising various activities of our Association and providing guidance from time-to-time.

37. All Staff Members of our Association for their wholehearted support and co-operation extended throughout the year.

38. 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.

30. 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 Pranav P. Kapadia were satisfactory and seek your constructive suggestions for further improvement by the incoming team.

Place : Mumbai Raj Shah & Aalok MehtaDate : 11th July, 2018 Hon. Jt. Secretaries

57

67th Annual Report


Annexure A

Membership Chart

Type of Membership 31-03-2016 31-03-2017 31-03-2018

Donor Members 3 3 3

Patron Members 4 4 4

Life Members 1080 1173 1244

Ordinary Local Members 1338 1282 1373

Ordinary Outstation Members 953 916 881

TOTAL 3378 3378 3505

Life Members Opening : 1173

Less : Deceased during the year : 7

Add : Admission during year : 78

Balance Life Members as on 31-3-2018 : 1244

58


GSTPAM

Annexure B Managing Committee Meeting Attendance During 21st July, 2017 to 20th July, 2018

Name Designation Total Meetings

Meetings attended

Leave of absence

Pranav P. Kapadia President 14 14 -

Pradip R. Kapadia Vice-President 14 11 3

Dinesh M. Tambde Hon. Treasurer 14 13 1

Raj P. Shah Hon. Jt. Secretary 14 14 -

Aalok Mehta Hon. Jt. Secretary 14 13 1

Shashank S. Dhond Ex. off. Member 14 10 4

Mehta Vikram D. Editor, STR 14 - -

Badheka Parth R. Member 14 6 8

Bapat Sonali A. Member 14 5 9

Bhonde Milind Member 14 3 11

Joshi Sunil D. Member 14 11 3

Sunil G. Khushalani Member 14 10 4

Mahesh Madkholkar Member 14 11 3

Amol T. Mane Member 14 3 11

Vinod K. Mhaske Member 14 10 4

Bhaven D. Mehta Member 14 11 3

Nathani Dilip V. Member 14 11 3

Ishaan Patkar Member 14 2 12

Ashit K. Shah Member 14 10 4

Dharmen Shah Member 14 7 7

Pravin Shinde Member 14 12 2

Prashant Vora Member 14 12 2

Co-opted Members

Satish Boob Member 14 1 13

Mayur Parekh Member 14 13 1

Pankaj Parekh Member 14 4 10

59

67th Annual Report


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, MumbaiFor the year ending 31st March, 2018

(a) Whether accounts are maintained regularly and in accordance with the provisions of the Act and the rules;

: YES

(b) Whether receipts and disbursements are properly and correctly shown in the accounts;

: YES

(c) Whether the cash balance and vouchers in the custody of the manager or trustee on the date of audit were in agreement with the accounts;

: YES

(d) Whether all books, deeds, accounts, vouchers or other documents or records required by the auditor were produced before him;

: YES

(e) Whether a register of movable and immovable properties is properly 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;

: YES

(f) Whether the manager or trustee or any other person required by the auditor to appear before him did so and furnished the necessary information required by him;

: YES

(g) Whether any property or funds of the Trust were applied for any object or purpose other than the object or purpose of the Trust;

: NO

(h) The amounts of outstandings for more than one year and the amounts written off, if any;

: NIL

(i) Whether tenders were invited for repairs or construction involving expenditure exceeding ` 5,000/-

: YES

(j) Whether any money of the public trust has been invested contrary to the provision of Section 35;

: NO

(k) Alienations, if any, of the immovable property contrary to the provisions of Section 36 which have come to the notice of the auditor;

: NO

60


GSTPAM

(l) All cases of irregular, illegal or improper expenditure, or failure 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;

: NO

(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 maintained;

: YES

(o) Whether the meetings are held regularly as provided in such instrument;

: YES

(p) Whether the minute books of the proceedings of the meeting is maintained;

: YES

(q) Whether any of the trustees has any interest in the investment of the trust;

: NO

(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 of the previous year have been duly complied with by the trustees during the period of audit;

: YES

(t) Any special matter which the auditor may think fit or necessary to bring to the notice of the Deputy or Assistant Charity Commissioner.

: NO

As per our report of even date For Sheth Doshi and Associates Chartered Accountants Firm No. 110052W

B. M. Doshi Place : Mumbai Proprietor Dated : 6-6-2018 Mem. No. 017370

61

67th Annual Report


Audited Statements of Account

and

Balance Sheet

for the period

1-4-2017 to 31-3-2018

62


GSTPAM

The Goods & Services Tax Practitioners' The Bombay Public Trusts Rules, 1951.

Balance Sheet

As per our report of even date For Sheth Doshi and Associates [Regd] Chartered Accountants Firm No. 110052W


As at 31-3-2017

`

Funds & Liabilities Sche-dule

Page No.

As at 31-3-2018

` TRUST FUND OR CORPUS : i) Admission Fees: I 68

15,96,078 Balance as per last Balance Sheet 17,49,278 1,53,200 Add : Received during the year 1,62,200 19,11,478

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 68 52,57,301 Balance as per last Balance Sheet 59,77,301

7,20,000 Add : Received during the year 7,80,000 67,57,301 v) Employees Provident Fund

- Balance as per last Balance Sheet 76,096 76,096 Add : Addition during the year 2,42,817 3,18,913

EARMARKED & OTHER FUNDS : 62,91,087 New Office Premises Fund 62,91,087

- Add : Received during the year - 62,91,087

OTHER FUNDS : 10,91,838 i) Felicitation / Memorial and Award Fund IIIA 69 11,39,108

1,75,272 ii) Library Fund / Other Fund IIIB 69 1,68,227 13,07,335

GENERAL RESERVE 29,75,764 Balance as per last Balance Sheet 29,75,764

- Less : Income Tax A.Y. 2015-16 51,640 29,24,124

LIABILITIES : 1,13,611 For Expenses IVA 70 8,92,424

13,31,673 Advances & Deposits IVB 70 5,12,813 14,05,237

INCOME & EXPENDITURE A/C : 1,06,51,660 Balance as per last Balance Sheet 1,15,14,952

8,63,292 Add : Surplus/(Deficit) as per Income & 8,84,851 1,23,99,803 Expenditure A/C

3,13,46,380 Total 3,33,64,786

63

67th Annual Report


Association of MaharashtraSchedule VIII {Vide Rule 17(1)} Registration No. F-2522 (BOM)as at 31st March, 2018

Pranav P. Kapadia Pradip R. Kapadia Dinesh M. Tambde Raj Shah President Vice-President Hon. Treasurer Aalok Mehta Hon. Jt. Secretaries

As at 31-3-2017

`

Property & Assets Sche- dule

Page No. As at 31-3-2018

`

14,77,244 Immovable Properties V 71 13,29,520

32,58,770 Other Fixed Assets VI 71 30,93,978

2,36,25,022 Investments in Bank FD's VIIA 74 2,60,90,000

- Investments in Staff FD's VIIB 74 1,98,559

40,769 Closing Stock VIII 75 1,39,532

17,34,401 Advances receivable & Deposits IX 76 19,64,561

Cash & Bank Balances

11,32,312 Saving & Current Bank Account XA 77 5,21,445

77,862 Cash & Court Fees Stamps Balances XB 77 27,191

3,13,46,380 Total 3,33,64,786

64


GSTPAM

The Goods & Services Tax Practitioners' Income and Expenditure Account

Year ended 31-3-2017

`

Expenditure Annexure Page No. Year ended 31-3-2018

`Establishment Expenses :

18,57,646 a) Expenses on Human Resources A 78 24,23,814

b) Administrative Expenses : 1,08,775 Electricity Charges 1,00,783

70,917 Telephone Charges B 78 91,078 1,37,786 Printing & Stationery 2,19,928 1,11,330 Postal & Courier Charges 81,195

28,576 Xerox and Printing Charges 19,013 26,016 Conveyance Charges 19,176 67,076 Sundry Expenses 89,699 14,320 Prize Distribution Expenses 3,018 22,857 SMS Expenses - General 34,732

c) Professional Fees : 39,620 Legal & Professional Fees 20,500 28,750 Audit Fees 27,500

1,81,808 d) Repairs & Maintenance Charges 78,817

e) Financial Charges : 12,410 Bank Charges 5,760

- Online Bank Charges 12,757

f) Expenditure in respect of Property : 41,607 Society Charges (Mazgaon Tower) 66,385

1,820 Library Repairs (Bandra Library) - 4,109 Insurance Charges 4,164

2,09,570 Mazgaon Tower Repairs 1,05,079

Expenditure on the Objects of the Association :Educational Expenses :

13,44,850 i Journal (Sales Tax Review) C 79 15,53,826 ii Publications :

2,08,229 Own Publications D 80 1,90,144 78,236 Other Publications DI 80 1,69,185

19,55,712 iii Referencer Printing Charges E 81 26,99,660 91,501 iv Study Circle Meetings 25,592

1,37,698 v Library Expenses F 82 1,23,402 11,250 vi News Bulletin 1,350

67,92,469 c/f Total 81,66,556

65

67th Annual Report


Association of Maharashtrafor the year ended 31st March, 2018


`

Income Annexure Page No.


` 30,66,500 Membership Fees Q 97 31,62,250

Income From Investments : 1,33,872 a) Interest on Company Deposits and

Bonds-

15,15,010 b) Interest on Bank Fixed Deposits - BOI 15,77,031 1,48,035 Interest on Bank Fixed Deposits - SBI 3,45,101

- Interest on Saving Bank UBI 67 17,96,917 Total 19,22,199

Less:-i) Trans. To Felicitation/Memorial 82,649 and Award Fund. 70,970 14,624 ii) Trans. to Library Fund 11,393

16,99,644 Total 82,363 18,39,836

13,891 c) Interest on Income Tax Refund - - d) Interest on LIC Gratuity Receivable 11,405

Income From Educational Activities : 7,85,986 i. Journal (Sales Tax Review) C 79 9,33,737

ii. Income from Sale of Publications : 2,42,535 a) Sale of Own Publications D 80 2,10,860 1,01,348 b) Sale of Other Publications DI 80 2,24,260

19,43,086 c) Publication of Referencer E 81 26,50,132

iii. Refresher Courses & Seminars : 7,75,800 a) Full Day Seminar on 28.04.2016 at

Navin Thakkar Auditorium -

3,15,200 b) Full Day Seminar on 11.05.2016 at Babasaheb Dhanukar Hall

-

10,94,704 c) 2 Full Day Seminars on 22nd & 23rd Oct' 16 at Navin Thakkar Auditorium

-

27,89,061 d) 41st Residential Refresher Course at Kochi

-

- e) 2 Full Day Seminar on 13th & 14th May at Navin Thakkar Auditorium

GI 83 13,79,398

- f) Half Day Seminar on 21.12.2017 at The Mysore Association Auditorium

L 92 55,118

- g) 42nd Residential Refresher Course at Bengaluru

O 95 26,63,000

1,28,27,755 c/f Total 1,31,29,996

66


GSTPAM

The Goods & Services Tax Practitioners' Income and Expenditure Account

As per our report of even date For Sheth Doshi and Associates (Regd) Chartered Accountants Firm No. 110052W



`

Expenditure Annexure Page No. Year ended 31-3-2018

` 67,92,469 b/f 81,66,556

vii Expenditure on Refresher Courses & Seminars : 5,30,412 a) Full Day Seminar on 28.04.2016 at Navin Thakkar

Auditorium -

2,24,256 b) Full Day Seminar on 11.05.2016 at Dhanukar Auditorium

-

9,14,987 c) 2 Full Day Seminar on 22nd & 23rd Oct' 2016 at Navin Thakkar Auditorium

-

26,37,107 d) 41st Residential Refresher Course at Kochi - - e) 2 Full Day Seminar on 13th & 14th May at Navin

Thakkar AuditoriumGI 83 10,67,121

- f) Half Day Seminar on 21.12.2017 at The Mysore Association Auditorium

L 92 53,977

- g) 42nd Residential Refresher Course at Bengaluru O 95 25,59,862 33,188 viii) Outstation Seminar 56,234

ix) Expenditure on other Educational Activities : 56,224 a) Intensive Study Course - 2016-17 H 88 22,744

1,27,859 b) 31st Batch of Coaching Class 2016-17 - 38,200 c) Orientation Course on Model GST Law 2016-17 -

- d) Orientation Course on Model GST Law 2017-18 GV 86 94,790 - e) 6 Days Orientation Course on GST - TMA Hall, Thane GVI 87 1,68,214 - f) Q/A, Brains' Trust Session - TMA Hall, Thane GVII 88 19,890 - g) Workshop on GST 2017-18 I 89 48,241 - h) 32nd Batch of Coaching Class 2017-18 J 90 80,863 - i) Intensive Study Course 2017-18 K 91 1,29,240 - j) Webinar Expenses 65,424

x) Social Events : 12,030 a) Triangular Box Cricket Tournament 2016-17 - 14,759 b) Diwali Get together & Foundation Day Celebration 27,391 59,600 c) AGM Meeting Expenses 27,641

9,511 d) SGM Meeting Expenses 2,038 1,45,819 e) Election Expenses 5,443

25,415 f) Mega Guidance Cell 27,366 62,543 g) Sub Committee Meetings 68,870 61,037 h) Website Expenses 63,869

5,870 i) Interest - Service Tax 48 4,940 j) Interest on TDS - 3,410 k) TDS Paid A.Y. 2008-09 -

960 l) TDS Paid A.Y. 2010-11 - 3,060 m) TDS Paid A.Y. 2011-12 -

250 n) TDS Paid A.Y. 2013-14 - - o) Felicitation Expenses 27,240

xi) Deficit from Seminar Jointly held - Joint Seminar with MACCIA, AIFTP, TPA Nashik at Shri

Kadayta BhavanM 93 4,517

6,46,367 Depreciation 6,00,254 1,24,10,273 1,33,87,833

8,63,292 Excess of Income over Expenditure 8,84,851 1,32,73,565 Total 1,42,72,684

67

67th Annual Report


Association of Maharashtrafor the year ended 31st March, 2018


`

Income Annexure Page No.


` 1,28,27,755 b/f 1,31,29,996

iv) Surplus from Seminar/ Events Jointly held 4,203 a) Joint Workshop on MVAT, Service Tax & Allied

Laws - 2015-16 -

25,747 b) Joint Workshop on MVAT at Malad 2015-16 - 38,266 c) Joint Workshop on MVAT, Service Tax & Allied

Laws - 2016-17 -

- d) 2 Full Days Seminar on GST Jointly with MCTC at DG Khetan Auditorium

GII 84 78,069

- e) Full Day Seminar on GST Jointly with MCTC at Aspee Auditorium

GIII 85 1,17,587

- f) Full Day Seminar jointly with MACCIA at Babasaheb Dhanukar Hall

GIV 86 10,400

- g) Joint Workshop on GST Law 2017-18 N 94 44,193 - h) Triangular Box Cricket Tournament 2017-18 P 96 3,209

v) Income From other Educational Activities 95,627 a) Intensive Study Course MTG 2016-17 H 88 34,773 1,48,928 b) 31st Batch of Coaching Class 2016-17 -

99,000 c) Orientation Course on Model GST LAW 2016-17

-

- d) Orientation Course on Model GST Law 2017-18 GV 86 2,59,000 - e) 6 Days Orientation Course on GST - TMA Hall, Thane GVI 87 1,91,400 - f) Q/A, Brains' Trust Session - TMA Hall, Thane GVII 88 19,240 - g) Workshop on GST 2017-18 I 89 1,04,800 - h) 32nd Batch of Coaching Class 2017-18 J 90 1,01,935 - i) Intensive Study Course 2017-18 K 91 1,42,354

34,039 vi) Miscellaneous Income 35,727 1,32,73,565 Total 1,42,72,684

Pranav P. Kapadia Pradip R. Kapadia Dinesh M. Tambde Raj Shah President Vice-President Hon. Treasurer Aalok Mehta Hon. Jt. Secretaries

68


GSTPAM

Schedules to Balance Sheet as at 31-3-2018

SCHEDULE I : ADMISSION FEES

31.03.2018`

Balance as per last balance sheet 17,49,278

Admission Fees :

Received during the year

1 Life Members Local 29 X 800 = 23,200

Life Members Outstation 35 X 800 = 28,000

Conversion from Ord. to Life Local 5 X 500 = 2,500

Conversion from Ord. to Life Outstation 9 X 500 = 4,500

78 58,200

2 Ordinary Members Local 115 X 500 = 57,500

Ordinary Members Outstation 93 X 500 = 46,500

208 1,04,000 1,62,200

Total 19,11,478

SCHEDULE II : LIFE MEMBERSHIP FEES

31.03.2018`

Balance as per last balance sheet 59,77,301

Life Membership Fees :

Received during the Year 78 X 10,000 = 7,80,000 7,80,000

Total 67,57,301

69

67th Annual Report


Schedule IIIA : Felicitation, Memorial & Awards Funds & Students Prize FundsSr. No.

Name Op. Balance

1-4-2017

Received during

the year

Add Interest

@6.50%

Less Prize given

Closing Balance

31-3-2018` ` ` ` `

1 Past President Memorial Fund 59,883 - 3,892 1,650 62,125

i) Created out of Association Fund (For Best Speaker in Study Circle Meeting, Best Writer of Article for "Sales Tax Review" and Championship in all Sports activities.)ii) Contribution from Mr. Arvind Thakkar (For Conducting Lecture Series)

1,29,259 - 8,402 8,400 1,29,261

2 V. G. Varde & M. S. Sane & K. B. Kayastha Memorial Fund (For Best Article in "Sales Tax Review")

51,809 - 3,368 550 54,627

3 Satishchand Laxmichand Memorial Fund (For Best Pleader in Mock Tribunal)

27,541 - 1,790 1,100 28,231

4 M. D. Ranade & R. S. Bapat (Best Paper writer RRC & Best Column Writer in STR)

29,676 - 1,929 550 31,055

5 Bharat D. Vasani Prize Fund (For Best Paper Writer in NRRC)

1,07,967 - 7,018 550 1,14,435

6 Smt. Bhanuben Vora Education Fund (For securing highest percentage of marks in the M. Com. Examination)

30,123 - 1,958 - 32,081

7 Pourana & Gala & Gala Memorial Prize 33,305 - 2,165 - 35,470

i) For securing highest percentage of marks in the B. Com. Examinationii) 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.)

72,012 - 4,681 4,650 72,043

9 T.B.Lulla Memorial Prize Fund(For Best Participant of Moot Court Competition)

1,54,612 - 10,050 - 1,64,662

10 T.B.Lulla Memorial Prize Fund(for Best Outstation Seminar)

1,33,215 - 8,659 1,100 1,40,774

11 D. M. Gala Prize Fund 1,00,282 - 6,518 2,600 1,04,200

12 Other Funds (Combined) 1,62,154 - 10,540 2,550 1,70,144

Total (A) 10,91,838 - 70,970 23,700 11,39,108

Schedule III BSr. No.

Name Op. Balance

1-4-2017

Received during the

year

Add Interest

@6.50%

Less Books

Purchase

Closing Balance

31-3-2018` ` ` ` `

1 Library Fund (B) 1,75,272 - 11,393 18,438 1,68,227

Total (A + B) 12,67,110 - 82,363 42,138 13,07,335

70


GSTPAM

Schedule IV : Liabilities

Schedule IVA : Liabilities for Expenses

Sr. No.

Particulars 31-3-2018 31-3-2017

` `1 Sheth Doshi & Associates (Audit & Professional Charges) 29,700 31,500 2 Outstanding Telephone Charges 8,589 6,212 3 Outstanding Exp Website Maintenance Charges 18,000 2,950 4 Outstanding Creditors for Electricity (Mazgaon Tower & Library) 5,500 5,000 5 Provision for TDS 14,903 3,288 6 Provision for Swachh Bharat Cess 2016-17 - 5,444 7 Staff Leave Encashment 67,303 59,217 8 Finesse Graphics & Prints Pvt Ltd 2,25,007 - 9 Refundable - 42nd RRC Bengaluru 3,09,000 -

10 Amitkumar Corporation 180 - 11 Vichare Courier 16,104 - 12 All India Federation Tax Practitioners (Joint Workshop) 40,193 - 13 The Malad Chamber of Tax Consultants (Joint Workshop) 44,193 - 14 The Malad Chamber of Tax Consultants (Box Cricket Tournament) 64,732 - 15 Outstanding Creditors for Webinar Expenses 49,020 -

8,92,424 1,13,611Schedule IVB : Liabilities for Advances & Deposits Received

Sr. No.

Particulars 31-3-2018 31-3-2017

` `1 Intensive Study Course (Advance for Balance Lectures) 61,009 34,773 2 Advance Service Charges (Life Members) - 1,74,900 3 Advance Subscription (Non Members) 2,000 1,39,000 4 Advance Membership Fees (Outstation) 8,775 2,85,000 5 Advance Membership Fees (Local) 3,000 6,98,000 6 Advance Membership Fees (Local) 18-19 1,95,819 - 7 Advance Membership Fees (Local) 19-20 49,019 - 8 Advance Membership Fees (Local) 20-21 31,860 - 9 Advance Membership Fees (Outstation) 18-19 68,225 -

10 Advance Membership Fees (Outstation) 19-20 20,543 - 11 Advance Membership Fees (Outstation) 20-21 6,638 - 12 Advance Service Charges 18-19 26,400 - 13 Advance Service Charges 19-20 9,000 - 14 Advance Service Charges 20-21 4,800 - 15 Advance Subscription 18-19 18,725 - 16 Advance Subscription 19-20 4,000 - 17 Advance Subscription 20-21 1,000 - 18 Advance Admission Fees 2,000

Total 5,12,813 13,31,673

71

67th Annual Report


Fixed Assets

Schedule V : Immovable Properties

Particulars of Assets WDV as on 1-4-2017

Addition Deduction during the

year

Total Rate of depre-ciation

%

Depreciation up to

31-3-2018

Balance as on

31-3-2018on or before

30-9-2017on or after 1-10-2017

` ` ` ` ` ` ` `Office Premises (A) 14,77,244 - - - 14,77,244 10% 1,47,724 13,29,520

Schedule VI : Other Fixed AssetsFurniture & Fixtures 17,25,065 - - - 17,25,065 10% 1,72,506 15,52,559 (Mazgaon Library)Furniture & Fixtures - (Office) 1,60,572 - - - 1,60,572 10% 16,057 1,44,515 Furniture & Fixtures - 4,67,690 - - - 4,67,690 10% 46,769 4,20,921 (Bandra Library)Signage Boards (Maz. Library) 1,32,422 15,598 24,143 - 1,72,163 10% 16,009 1,56,154 Electric Fittings 1,24,341 - - - 1,24,341 15% 18,651 1,05,690 Air Conditioners (Maz. Tower) 17,250 54,300 - - 71,550 15% 10,733 60,817 Air Conditioners (Maz. Library) 2,56,197 - - - 2,56,197 15% 38,430 2,17,767 EPBX System (Maz. Tower) 1,292 - - - 1,292 15% 194 1,098 EPBX System (Maz. Library) 12,821 - - - 12,821 15% 1,923 10,897 Amplifier & Loudspeaker 31,137 - - - 31,137 15% 4,671 26,466 Water Cooler 14,451 - - - 14,451 15% 2,168 12,283Water Purifier (Maz. Library) 9,421 - - - 9,421 15% 1,413 8,008 Water Purifier (Maz. Tower) 8,316 - - - 8,316 15% 1,247 7,069 Camera 2,896 - - - 2,896 15% 434 2,462 CCTV Camera (Maz. Tower) 12,120 - 1,179 - 13,299 15% 1,906 11,393 CCTV Camera (Maz. Library) 51,818 - - - 51,818 15% 7,773 44,045 Cleaning Machine 570 - - - 570 15% 86 484 Fax Machine 2,589 - - - 2,589 15% 388 2,200 LCD Projector 34,730 - 26,490 - 61,220 15% 7,196 54,024 Attendance Recording System 21,749 - - - 21,749 15% 3,262 18,487 Credit Card Machine - - 19,679 - 19,679 15% 1,476 18,203 Mobile Charging Unit - Maz Lib

- - 10,012 - 10,012 15% 751 9,261

Website 1,17,608 - - - 1,17,608 25% 29,402 88,206 Computer & Accessories 53,455 1,01,659 34,680 - 1,89,794 40% 68,982 1,20,812 Software Package 1 - - - 1 40% - 1 Mass E-Mail Software 1 - - - 1 40% - 1 Mass SMS Software 1 - - - 1 40% - 1 Account Software Package 257 - - - 257 40% 103 154

(B) 32,58,770 1,71,557 1,16,183 - 35,46,510 4,52,530 30,93,978

Total (A + B) 47,36,014 1,71,557 1,16,183 - 50,23,754 6,00,254 44,23,498

72


GSTPAM

Sr.

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25.04

.2014

25.04

.2017

5,00

,000

1,41

,965

- 5,

00,00

0 -

3,84

0 -

- -

- 3,

840

441

2230

.05.20

1631

.05.20

17 5,

00,00

0 31

,192

- 5,

00,00

0 -

6,42

7 -

- -

- -

6,42

7 5

4123

30.05

.2016

31.05

.2017

5,00

,000

31,19

2 -

5,00

,000

- 6,

427

- -

- -

- 6,

427

641

2430

.05.20

1631

.05.20

17 5,

00,00

0 31

,192

- 5,

00,00

0 -

6,42

7 -

- -

- -

6,42

7 7

4125

30.05

.2016

31.05

.2017

8,00

,000

49,90

8 -

8,00

,000

- 10

,282

- -

- -

- 10

,282

841

2630

.05.20

1631

.05.20

17 5,

00,00

0 31

,192

- 5,

00,00

0 -

6,42

7 -

- -

- -

6,42

7 9

4127

30.05

.2016

31.05

.2017

6,00

,000

37,43

1 -

6,00

,000

- 7,

712

- -

- -

- 7,

712

1041

2830

.05.20

1631

.05.20

17 15

,00,00

0 93

,577

- 15

,00,00

0 -

19,28

0 -

- -

- -

19,28

0 11

4129

30.05

.2016

31.05

.2017

15,00

,000

93,57

7 -

15,00

,000

- 19

,280

- -

- -

- 19

,280

1241

3030

.05.20

1631

.05.20

17 7,

00,00

0 43

,669

- 7,

00,00

0 -

8,99

7 -

- -

- -

8,99

7 13

4131

30.05

.2016

31.05

.2017

6,00

,000

37,43

1 -

6,00

,000

- 7,

712

- -

- -

- 7,

712

1441

3230

.05.20

1631

.05.20

17 6,

00,00

0 37

,431

- 6,

00,00

0 -

7,71

2 -

- -

- -

7,71

2 15

4133

30.05

.2016

31.05

.2017

6,00

,000

37,43

1 -

6,00

,000

- 7,

712

- -

- -

- 7,

712

1641

3430

.05.20

1631

.05.20

17 6,

00,00

0 37

,431

- 6,

00,00

0 -

7,71

2 -

- -

- -

7,71

2 17

1269

229

.09.20

1629

.09.20

17 7,

00,00

0 26

,068

- 7,

00,00

0 -

26,44

8 -

- -

- -

26,44

8 18

1269

429

.09.20

1629

.09.20

17 5,

00,00

0 18

,620

- 5,

00,00

0 -

18,89

1 -

- -

- -

18,89

1 19

1269

529

.09.20

1629

.09.20

17 5,

00,00

0 18

,620

- 5,

00,00

0 -

18,89

1 -

- -

- -

18,89

1 20

1269

629

.09.20

1629

.09.20

17 5,

00,00

0 18

,620

- 5,

00,00

0 -

18,89

1 -

- -

- -

18,89

1 21

1269

729

.09.20

1629

.09.20

17 5,

00,00

0 18

,620

- 5,

00,00

0 -

18,89

1 -

- -

- -

18,89

1 22

1161

22.11

.2017

22.12

.2017

- -

7,00

,000

7,00

,000

- 2,

445

- -

- -

- 2,

445

2311

6222

.11.20

1701

.01.20

18 -

- 11

,00,00

0 11

,00,00

0 -

5,12

3 -

- -

- -

5,12

3 24

1169

05.01

.2018

05.02

.2018

- -

10,00

,000

10,00

,000

- 3,

493

- -

- -

- 3,

493

2512

186

22.03

.2017

22.03

.2018

5,37

,511

910

- 5,

37,51

1 -

33,10

2 -

- -

- -

33,10

2 26

1218

722

.03.20

1722

.03.20

18 5,

37,51

1 91

0 -

5,37

,511

- 33

,102

- -

- -

- 33

,102

2713

119

30.03

.2017

30.03

.2018

7,00

,000

132

- 7,

00,00

0 -

50,16

9 -

- -

- -

50,16

9 28

1312

131

.03.20

1731

.03.20

18 10

,00,00

0 -

- 10

,00,00

0 -

71,85

9 -

- -

- -

71,85

9 29

1312

231

.03.20

1731

.03.20

18 10

,00,00

0 -

- 10

,00,00

0 -

71,85

9 -

- -

- -

71,85

9 30

1312

331

.03.20

1731

.03.20

18 10

,00,00

0 -

- 10

,00,00

0 -

71,85

9 -

- -

- -

71,85

9 31

4269

19.04

.2017

19.04

.2018

- -

10,00

,000

- -

- 67

,096

10,00

,000

- 67

,096

10,67

,096

67,09

6 32

4270

19.04

.2017

19.04

.2018

- -

4,00

,000

- -

- 26

,839

4,00

,000

- 26

,839

4,26

,839

26,83

9 33

4271

19.04

.2017

19.04

.2018

- -

4,00

,000

- -

- 26

,839

4,00

,000

- 26

,839

4,26

,839

26,83

9 34

1317

329

.04.20

1729

.04.20

18 -

- 5,

00,00

0 -

- -

32,57

2 5,

00,00

0 -

32,57

2 5,

32,57

2 32

,572

3513

174

29.04

.2017

29.04

.2018

- -

5,00

,000

- -

- 32

,572

5,00

,000

- 32

,572

5,32

,572

32,57

2 36

1317

529

.04.20

1729

.04.20

18 -

- 5,

00,00

0 -

- -

32,57

2 5,

00,00

0 -

32,57

2 5,

32,57

2 32

,572

3713

293

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 38

1329

403

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

Sch

edu

le V

IIA

: I

nve

stm

ents

73

67th Annual Report


3913

295

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 40

1329

603

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

4113

297

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 42

1329

803

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

4313

299

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 44

1330

003

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

4513

301

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 46

1330

203

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

4713

303

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 48

1330

403

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

4913

305

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 50

1330

603

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

5113

307

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 52

1330

803

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

5313

309

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 54

1331

003

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

5513

311

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 56

1331

203

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

5713

313

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 58

1331

403

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

5913

315

03.06

.2017

03.06

.2018

- -

5,00

,000

- -

- 29

,057

5,00

,000

- 29

,057

5,29

,057

29,05

7 60

1331

603

.06.20

1703

.06.20

18 -

- 5,

00,00

0 -

- -

29,05

7 5,

00,00

0 -

29,05

7 5,

29,05

7 29

,057

6113

599

10.10

.2017

10.10

.2018

- -

5,00

,000

- -

- 15

,734

5,00

,000

- 15

,734

5,15

,734

15,73

4 62

1360

110

.10.20

1710

.10.20

18 -

- 5,

00,00

0 -

- -

15,73

4 5,

00,00

0 -

15,73

4 5,

15,73

4 15

,734

6313

602

10.10

.2017

10.10

.2018

- -

5,00

,000

- -

- 15

,734

5,00

,000

- 15

,734

5,15

,734

15,73

4 64

1360

310

.10.20

1710

.10.20

18 -

- 5,

00,00

0 -

- -

15,73

4 5,

00,00

0 -

15,73

4 5,

15,73

4 15

,734

6513

600

10.10

.2017

10.10

.2018

- -

7,00

,000

- -

- 22

,028

7,00

,000

- 22

,028

7,22

,028

22,02

8 66

1390

031

.03.20

1831

.03.20

19 -

- 10

,00,00

0 -

- -

- 10

,00,00

0 -

- 10

,00,00

0 -

6713

901

31.03

.2018

31.03

.2019

- -

10,00

,000

- -

- -

10,00

,000

- -

10,00

,000

- 68

1390

231

.03.20

1831

.03.20

19 -

- 10

,00,00

0 -

- -

- 10

,00,00

0 -

- 10

,00,00

0 -

6913

903

31.03

.2018

31.03

.2019

- -

10,00

,000

- -

- -

10,00

,000

- -

10,00

,000

- A

1,

86,25

,022

11,66

,875

2,48

,00,00

0 2,

14,25

,022

- 5,

76,20

9 10

,00,82

2 2,

20,00

,000

- 10

,00,82

2 2,

30,00

,822

15,77

,031

BIN

VEST

MENT

IN B

ANK

DEPO

SITS,

WIT

H ST

ATE B

ANK

OF IN

DIA

7036

1839

5743

017

.10.20

1617

.02.20

18 5,

00,00

0 14

,984

- 5,

00,00

0 -

33,60

1 -

- 3,

361

- -

33,60

1 71

3618

3975

562

17.10

.2016

17.02

.2018

5,00

,000

14,98

4 -

5,00

,000

- 33

,601

- -

3,36

1 -

- 33

,601

7236

1839

8332

417

.10.20

1617

.02.20

18 5,

00,00

0 14

,984

- 5,

00,00

0 -

33,60

1 -

- 3,

361

- -

33,60

1 73

3618

3985

015

17.10

.2016

17.02

.2018

5,00

,000

14,98

4 -

5,00

,000

- 33

,601

- -

3,36

1 -

- 33

,601

7436

1840

7298

817

.10.20

1617

.02.20

18 5,

00,00

0 14

,984

- 5,

00,00

0 -

33,60

1 -

- 3,

361

- -

33,60

1 75

3642

9982

176

17.11

.2016

17.03

.2018

10,00

,000

23,32

4 -

10,00

,000

- 69

,690

- -

6,96

9 -

- 69

,690

7636

4299

6513

817

.11.20

1617

.03.20

18 10

,00,00

0 23

,324

- 10

,00,00

0 -

69,69

0 -

- 6,

969

- -

69,69

0 77

3642

9983

419

17.11

.2016

17.03

.2018

5,00

,000

11,66

2 -

5,00

,000

- 34

,845

- -

3,48

5 -

- 34

,845

7837

6184

3969

228

.03.20

1828

.07.20

19 -

- 5,

00,00

0 -

- -

351

5,00

,000

- 35

1 5,

00,35

1 35

1 79

3761

8447

784

28.03

.2018

28.07

.2019

- -

5,00

,000

- -

- 35

1 5,

00,00

0 -

351

5,00

,351

351

8037

6184

4837

028

.03.20

1828

.07.20

19 -

- 5,

00,00

0 -

- -

351

5,00

,000

- 35

1 5,

00,35

1 35

1 81

3761

8448

857

28.03

.2018

28.07

.2019

- -

5,00

,000

- -

- 35

1 5,

00,00

0 -

351

5,00

,351

351

8237

6184

4935

128

.03.20

1828

.07.20

19 -

- 5,

00,00

0 -

- -

351

5,00

,000

- 35

1 5,

00,35

1 35

1 83

3761

8449

769

28.03

.2018

28.07

.2019

- -

5,00

,000

- -

- 35

1 5,

00,00

0 -

351

5,00

,351

351

8437

6184

5038

828

.03.20

1828

.07.20

19 -

- 5,

00,00

0 -

- -

351

5,00

,000

- 35

1 5,

00,35

1 35

1 85

3761

8453

640

28.03

.2018

28.07

.2019

- -

5,90

,000

- -

- 41

4 5,

90,00

0 -

414

5,90

,414

414

B 50

,00,00

0 1,

33,23

0 40

,90,00

0 50

,00,00

0 -

3,42

,230

2,87

1 40

,90,00

0 34

,228

2,87

1 40

,92,87

1 3,

45,10

1 TO

TAL A

+B 2,

36,25

,022

13,00

,105

2,88

,90,00

0 2,

64,25

,022

- 9,

18,43

9 10

,03,69

3 2,

60,90

,000

34,22

8 10

,03,69

3 2,

70,93

,693

19,22

,132

74


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75

67th Annual Report


Schedule VIII : Closing Stock As On 31-3-2018

Sr. No.

Particulars Opening Stock

Destroyed Qty

Sale Qty

Quantity Mazgaon

Tower

Quantity Mazgaon Counter

Quantity Bandra Counter

Total Rate Closing Stock Value

` ` OWN PUBLICATION

1 Compilation of MVAT Rule C.D 305 - 300 5 - 305 0.01 1 2 Compilation of Gazette &

Notification CD 152 - 152 - - 152 0.01 1

3 C.J. (CD) New 49 - 49 - - 49 84.00 4,116 4 Letter of Authority 10,748 750 9,750 248 9,998 0.41 4,099 5 Circular & DDQ C.D - 2011 215 - 215 - - 215 0.01 1 6 DDQ CD - 2012 146 - 146 - - 146 0.01 1 7 DDQ CD - 2013 2 - - 2 - 2 0.06 0 8 37th RRC Papers (Hyderabad) 1 - - 1 - 1 - - 9 38th RRC Paper (Jaipur) 53 - 28 25 - 53 0.02 1 10 39th RRC Paper (New Delhi) 35 - 35 - - 35 0.03 1 11 40th RRC Paper (Amritsar) 30 - 30 - - 30 - - 12 40th RRC Queries Paper (Amritsar) 48 - 48 - - 48 0.02 1 13 Recent Amendments (2013) 22 - 13 9 - 22 0.03 1 14 Beginners Book - 2013-14 182 - 154 15 13 182 0.01 1 15 Beginners Book - 2014-15 4 - 4 - - 4 0.02 - 16 17th NRRC 1 - 1 - - 1 - 1 17 MSTT Digest 2009-14 50 11 24 15 - 39 286.98 11,192 18 Seminar Booklet-14.12.2015 7 - 7 - - 7 - - 19 Short Publicatiion - LBT 188 - 188 - - 188 0.01 1 20 Short Publicatiion - Service Tax 71 1 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 - 32 - - 32 - - 26 Table Referencers 2016-17 375 6 57 168 144 369 - - 27 Pocket Referencers 2016-17 68 - 1 13 54 68 - - 28 41st RRC Paper 250/- 43 10 - 33 - 33 - - 29 Seminar Booklet 13 & 14 May

200/- - - - - 3 - 3 171.29 514

30 Seminar Booklet 12.08.17 100/- - - - 2 1 - 3 70.00 210 31 Transitional Provision 50/- - - - 500 50 17 567 32.00 18,144 32 Table Referencers 2017-18 VAT - - - 9 215 16 240 349.38 83,851 33 Table Referencers 2017-18 GST - - - 9 37 16 62 173.32 10,746 34 Pocket Referencers 2017-18 - - - 1 29 - 30 94.40 2,832 35 42 nd RRC Paper - Bengaluru 200/- - - - 10 10 5 25 152.69 3,817

12,895 778 2,031 10,503 513 13,047 1,39,532

OTHER PUBLICATION

- - - - - - - -

Total 1,39,532

76


GSTPAM

Sr. No.

Particulars 31-3-2018 `

31-3-2017 `

1 BEST Deposit 17,610 17,610

2 G.P.O. Deposit 22,174 22,174

3 MTNL (Telephone Deposit) 24,591 24,591

4 TDS On Interest Income 78,020 83,712

5 Accrued Interest Receivable 10,03,693 13,00,105

6 Service Tax (Cenvat) - 82,041

7 Prepaid Expenses for SMS 1,800 46,608

8 40th RRC - IRCTC - Refund Receivable - 8,479

9 LIC of India (Group Gratuity surrender value) 1,60,486 1,49,081

10 GST Paid on Advances Received 46,728 -

11 MACCIA 4,517 -

12 TPA Nashik 4,517 -

13 Prepaid Expenses for E-mail Charges 10,386 -

14 Prepaid Expenses for Internet Charges 8,264 -

15 Eureka Forbes Limited 4,510 -

16 Reliance Jio Infocomm Limited 59,000 -

17 Sreeven Paytech Private Limited 2,000 -

18 GST Credit C/f 3,87,720 -

19 Bombay Chartered Accountant's Society (Joint Workshop)

53,193 -

20 Chamber of Tax Consultants (Joint Workshop) 59,895 -

21 WIRC (Joint Workshop) 1,947 -

22 Chamber of Tax Consultants (Box Cricket Tournament) 10,079 -

23 Advance Receivable from Staff 3,431 -

Total 19,64,561 17,34,401

Schedule IX : Advances, Receivable and Deposits (Assets)

77

67th Annual Report


Schedule X : Cash & Bank Balances

Schedule XA : Saving & Current Bank A/c

Sr. No.

Particulars 31-3-2018

`

31-3-2017

`

1 With Bank of India - Mazgaon Branch - C/A No. - 1816 1,26,643 8,86,499

2 With Bank of India - Mazgaon Branch - C/A No. - 1817 10,131 1,29,081

3 With Bank of India - Mazgaon Branch - S/B A/C No. - 22635 1,15,574 1,06,364

4 With Bank of Maharashtra - Mazgaon Branch - S/B A/C No. - 60286343400

1,22,297 -

5 With State Bank of India - Mazgaon Branch - C/A No. - 36138179257

12,854 10,368

6 With Union Bank of India - Mazgaon Branch - S/B No. - 318302010074917

1,33,946 -

Total 5,21,445 11,32,312

Schedule XB : Cash and Court Fee Stamps Balances

Sr. No.

Particulars 31-3-2018

`

31-3-2017

`

1 Cash On Hand 2,191 35,862

2 Court Fee Stamps 25,000 42,000

Total 27,191 77,862

78


GSTPAM

Annexure B : Telephone Charges

Sr. No.


31-3-2017 `

1 Mazgaon Tower 51,881 38,708

2 Mazgaon Library 30,585 27,936

3 Bandra Library 4,446 4,273

4 Internet Charges 4,166 -

Total 91,078 70,917

Annexure A : Expenses on Human Resources & Contractual Service Charges

Sr. No.


31-3-2017 `

1 Salaries 14,27,482 9,51,113

2 Staff Leave Encashments 67,303 59,217

3 Bonus to Staff 1,41,666 58,306

4 Employers Cont. to P.F. 1,17,776 73,768

5 Medical Allowance 1,18,950 89,133

6 Gratuity Paid - 1,80,717

7 Staff Welfare 41,761 39,014

Total A 19,14,938 14,51,268

8 Contractual Service Charges 5,08,876 4,06,378

Total B 5,08,876 4,06,378

Total (A+B) 24,23,814 18,57,646

79

67th Annual Report


Annexure C : Journal (Sales Tax Review) A/c as on 31-3-2018

Year Ended

31-3-2017 `

Expenditure 31-3-2018 `

Year Ended 31-3-2017

`

Income 31-3-2018 `

12,23,874 Paper & Printing Charges of Journal

14,17,580 3,56,000 Subscription from 3,59,000

Non-Members (359 x 1000)

3,56,400 Subscription Charges for 4,11,000

1,20,976 Postal & Courier Charges

1,36,246 S.T.R. from Life Members (685 x 600)

64,500 Advertisements Receipts 1,58,500

4,136 Interest on Saving A/c 4,187

with bank

4,950 Retail Sales 1,050

13,44,850 Total Expenses 15,53,826 7,85,986 Total Income 9,33,737

5,58,864 Excess of Expenses over 6,20,089

Income

13,44,850 Total 15,53,826 13,44,850 Total 15,53,826

80


GSTPAM

Statement of Books as on 31-3-2018

Annexure D

Own Publication A B C D E Op. Stock

`Purchases

`Sales

`Cl. Stock

`Surplus

`Books & Bulletin A/c 32,248 1,49,373 1,68,383 33,887 20,649 CJCD 4,116 - - 4,116 - Sale of Forms (L. A.) 4,407 - 375 4,099 67 Total 40,771 1,49,373 1,68,758 42,102 20,716

Opening Stock A 40,771 Sales C 1,68,758

Add: Purchase B 1,49,373 Add: Closing Stock D 42,102

1,90,144 2,10,860

Surplus 20,716

Total 2,10,860 2,10,860

Annexure D-I

Other Publication A B C D E Op. Stock

`Purchases

`Sales

`Cl. Stock

`Surplus

`New Book Corporation - 35,565 48,920 - 13,355 V. V. MODY @ 200/- - 11,400 15,200 - 3,800 V. V. MODY @ 300/- - 17,820 24,240 - 6,420 V. G. Mehta I.T.R.R - 25,500 34,000 - 8,500 MCTC - Budget Book - 6,300 6,300 - - Patkar - GST Law Guide 17-18 63,900 85,200 - 21,300 All India Fed. TP (17th Convention) - 8,700 10,400 - 1,700 Total - 1,69,185 2,24,260 - 55,075

Opening Stock A - Sales C 2,24,260

Add:- Purchase B 1,69,185 Add: Closing Stock D -

1,69,185 2,24,260

Surplus 55,075

Total 2,24,260 2,24,260

81

67th Annual Report


An

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82


GSTPAM

Annexure F : Details of Library Expenses

Sr. No.


31-3-2017 `

1 News Papers & Periodicals & STC Online 46,407 65,739

2 Electricity Charges 56,882 41,849

3 Bandra Office Expenses 10,081 9,052

4 Library Cleaning Charges - 13,205

5 Subscription Membership (IMC) 4,720 8,000

6 Misc. Expenses & Cleaning Materials 6,813 918

1,24,903 1,38,763

Less : Sale of Raddi 1,501 1,065

Total 1,23,402 1,37,698

83

67th Annual Report


Annexure GI : Account of Two full Day Seminar on 13th & 14th May 2017 Navin Thakkar Auditorium, Vile Parle, Mumbai

Expenditure Amount ` Income Amount `Delegates Fees

Auditorium Charges 2,07,875 (Excluding Service Tax)Members 492 x 2174 10,69,608

A.C & Electricity Charges 30,431 Non Members 67 x 2870 1,92,290

Catering Charges 6,33,940 559 12,61,898 12,61,898

Xerox Charges 2,990 Advertisement, Demo & Stall Charges 1,17,500

Kit to DelegatesFolder (Del 559 x 31.05) 17,538 Complementary (Del 18 x 31.05) 567 Pen (Del 559 x 15) 8,470 Complementary (Del 18 x 15) 274 Writing Pad (Del 559 x 11.40) 6,417 Complementary (Del 18 x 11.40) 207

33,473 33,473

Memento to Speaker 11,804

Photo Charges & Video Shooting 25,800

Printing Charges of Books :- 98,832 Printing of Book - GST Law, Rules & Draft RulesDelegates (559 X 171.287) 95,749 Complimentary (18 X 171.287) 3,083

SMS Charges 2,878 Misc Expenses 19,098

10,67,121 Surplus 3,12,277 Total 13,79,398 Total 13,79,398

Expenditure Amount ` Income Amount `Cost of Balance Paper 74,169 Sale of Papers 82,183 (433*171.29) 74,169 Books Sale 303 x 200 60,600

O r i e n t a t i o n Course Delegates

126 x 171.29 21,583

Complementary 1 x 171.29 -

Surplus Stock of Papers 514 (Trs to Books & Bulletin A/c) 8,528 (3*171.29) 3 x 171.29 514

82,696 82,696

84


GSTPAM

Annexure GII : Account of 2 Full Day Joint Seminar on GST 2nd & 3rd June 2017 Organised Jointly by GSTPAM & MCTC at DG Khetan Auditorium, Malad

Expenditure GSTPAM MCTC TOTAL Income GSTPAM MCTC TOTAL Hall Rent - 64,000 64,000 Delegates Fees Member(Cleaning Charges) Delegates (Nos) 41 153

Fees Per Member (Exc. S.T.)

2,000 2,000

Sound & Projector - 17,900 17,900 Total Fees 82,000 3,06,000 3,88,000

Catering Charges - 2,73,600 2,73,600 Delegates Fees Non Members

Mandap Decorator - for Tables/ Fan

- 10,005 10,005 Delegates (Nos) 7 74

Fees Per Member ( Exc. S.T.)

2,500 2,500

Kit to Delegates Total Fees 17,500 1,85,000 2,02,500 Folders / Pen / Pad - 17,325 17,325

Advertisement Charges - 50,000 50,000 For Speakers :(Pen with Pen drive & OTP) Qty 8 & Flowers

- 6,050 6,050

Book Printing Materials 79,475 - 79,475

Miscelleneous ExpensesStationery & Xerox - 690 690 Snacks for Speakers - 2,250 2,250 Bags & Water Bottles - 540 540 Photograph - 5,000 5,000 Support Peon - 1,000 1,000 Tip - 500 500 Banners & Coupons - 3,710 3,710 Advertisement on Facebook - 500 500 Shawl - 245 245

SMS Charges 1,572 - 1,572

Total Expenses 81,047 4,03,315 4,84,362 Total Income ( A+B ) 99,500 5,41,000 6,40,500

Particulars STPAM MCTC Total No. of Delegates 48 227 275 Total Income 99,500 5,41,000 6,40,500 Total Expenses 81,047 4,03,315 4,84,362 Receivable/Payable 18,453 1,37,685 1,56,138 Share of Total Surplus 78,069 78,069 1,56,138 Net Payable/ Receivable (59,616) 59,616 - Rounding OffTotal (59,616) 59,616 -

85

67th Annual Report


Annexure GIII : Account of Full Day Seminar on GST Organised Jointly by GSTPAM & MCTC 12.08.2017 Aspee Auditorium, Malad

Expenditure GSTPAM MCTC TOTAL Income GSTPAM MCTC TOTAL Hall Rent 1,22,959 85,850 2,08,809 Delegates Fees Member

To 08.08.2017Sound & Projector - 38,300 38,300 Delegates (Nos) 298 555

Fees Per Member (Exc. GST.)

1,300 1,300

Catering Charges - 6,67,541 6,67,541 Total Fees 3,87,400 7,21,500 11,08,900

Mandap Decorator - 47,200 47,200 Delegates Fees NON MemberFrom 08.08.2017

Kit to Delegates Delegates (Nos) 28 14 Folders / Pen / Pad 27,000 6,250 33,250 Fees Per Non Member

(Exc. GST.) 1,500 1,500

Total Fees 42,000 21,000 63,000 Banner - 3,958 3,958

Demo & Stall Charges 1,55,000 15,000 1,70,000 Photography & Video Shooting Charges

16,700 - 16,700

Book Printing Materials 68,110 - 68,110

Mementoes - 3,776 3,776

Ushers - Tip - 7,500 7,500

Miscelleneous ExpensesRailway Fare for all staff 428 60 488 Coldrinks, Bislery, Naral & Other 240 - 240 Salary - Employee for event - 4,000 4,000

SMS Charges 3,199 3,655 6,854

Total Expenses 2,38,636 8,68,090 11,06,726 Total Income (A+B) 5,84,400 7,57,500 13,41,900

Particulars GSTPAM MCTC Total No. of Delegates 326 569 895 Total Income 5,84,400 7,57,500 13,41,900 Total Expenses 2,38,636 8,68,090 11,06,726 Receivable/Payable 3,45,764 (1,10,590) 2,35,174 Share of Total Surplus 1,17,587 1,17,587 2,35,174 Net Payable/ Receivable 2,28,177 (2,28,177) - Rounding OffTotal 2,28,177 (2,28,177) -

86


GSTPAM

Annexure GIV : Account of Full day Seminar on GST Organised Jointly by GSTPAM, MACCIA and AIFTP on 16th June 2017 at Babasaheb Dahanukar Hall, Kalaghoda, Mumbai

Expenditure Amount (excldg

Ser Tax)

Income Amount (excldg

Ser Tax)

Paid to MACCIA 60,460 Delegates - Member (Nos) 45

Fees Per Member (Exc. S.T.) 1,304

Surplus 10,400 58,680 58,680

Delegates - Non Members (Nos) 7

Fees Per Non Member (Exc. S.T.) 1,740

12,180 12,180

Total Expenses 70,860 Total Income 70,860

Annexure GV : Accounts of Orientation Course on GST Law 2017-18From 3rd May to 5th May 2017 at GSTPAM Library

Expenditure Amount Income Amount

Tea Bill / Snacks 65,232 Delegates Fees Received (Excluding Service Tax)

189,000

Xerox Charges 330 Members :-

126 X 1500 = 1,89,000


Demo & Stall Charges 70,000

Misc Charges 60

SMS Charges 2,759

Books (126 X 171.29) 21,583

94,790

Surplus 164,210

Total 259,000 Total 259,000

87

67th Annual Report


Annexure GVI : Accounts of 6 Days Orientation Course on GST on 18th to 22nd & 26th June 2017 at TMA Hall, Thane

Expenditure Amount `

Income Amount `

Hall Charges 37,482 Delegates Fees Received 191,400

(Excluding Service Tax) 220 X 870

Photo Charges 6,000

Decoration Charges 15,000

Tea Bill / Snacks 91,520


Kit to Delegates

Pen (200 x 4) 800

Pad (200 x 18) 3,600

Misc Charges 3,358

SMS Charges 2,361

168,214

Surplus 23,186

Total 191,400 Total 191,400

88


GSTPAM

Annexure GVII : Accounts of Q/A, Brains' Trust Session on GST on 20th July, 2017 at TMA Hall, Thane


Income Amount `

Decoration Charges 5,500 Delegates Fees Received 296 X 65 19,240(Excluding GST)

Tea Bill / Catering 8,000Memento to speakers 2,655Books 1,200SMS Charges 2,535

19,240

Deficit 650Total 19,890 Total 19,890

Annexure H : Proportionate Accounts of Intensive Study Circle Meeting 2016-17 From 1st April 2017 to 3rd June 2017


Income Amount `

Tea Bill / Snacks 15,585 Delegates Fees Received 34,773(Excluding Service Tax)

Xerox Charges 2,652 4 Lectures out of 15Members :- 110

Memento to Speakers 4,350 Fees per Member 1,000Total Fees 1,10,000

SMS Charges 157 Fees for FY 17-18 29,333

Non Members :- 17Fees per Non Member 1,200Total Fees 20,400Fees for FY 17-18 5,440

22,744Surplus 12,029Total 34,773 Total 34,773

89

67th Annual Report


Annexure I : Accounts of Workshop on GST 2017-18 on 28th, 30th Aug, 6th Sept & 8th Sept, 2017


Income Amount `

Tea Bill / Snacks 23,629 Delegates Fees Received 104,800

(Excluding Service Tax)

Postage & Courier Charges 91

Members :- 54

Xerox Charges 6,033 Fees per Member 1,500

81,000

Memento to Speakers 7,600

Non Members :- 4

SMS Charges 9,340 Fees per Non Member 2,000

Total Fees 8,000

Conveyance Charges 48

Attending 1 lecture

Photography Charges 1,500 Members 23

Fees per Member 400

9,200

Non Members 11

Fees per Member 600

6,600

48,241

Surplus 56,559

Total 104,800 Total 104,800

90


GSTPAM

Annexure J : Accounts of 32nd Batch of Coaching Class 2017-18 From 22nd November, 2017 to 17th March, 2018


Income Amount `


(Excluding GST)

Xerox Charges 9,905

Members :- 71

Memento to Speakers 11,108 Fees per Member 1,271

Total Fees 90,241

SMS Charges 5,281

Non Members :- 6

Other Expenses 168 Fees per Non Member 1,949

Total Fees 11,694

Referencer 17-18

Complementary

VAT 77 x 349.38 26,902

GST 40 x 173.32 6,933

Printing of Certificates 77 x 30 2,310

TOTAL 80,863

Surplus 21,072

Total 101,935 Total 101,935

91

67th Annual Report


Annexure K : Proportionate Accounts of Intensive Study Circle Meeting 2017-18 From 2nd August, 2017 to 31st March, 2018


Income Amount `


(Excluding GST)

Conveyance Exp 20 14 Lectures out of 20

Members :- 139

Xerox Charges 3,980 Fees per Member 1,271

Total Fees 176,669

Memento to Speakers 12,720 Fees for FY 17-18 123,668

SMS Charges 17,238 Non Members :- 18

Fees per Non Member 1,483

Photography charges 1,500 Total Fees 26,694

Fees for FY 17-18 18,686

Other Expenses 796

129,240

Surplus 13,114

Total 142,354 Total 142,354

92


GSTPAM

Annexure L : Account of Half Day Seminar on Recent Amendments in GST Law At Mysore Association Auditorium, Matunga on 21st December, 2017


Income Amount `

Delegates Fees

Auditorium Charges 19,550 (Excluding GST)

Members 122 x 381 46,482


Non Members 17 x 508 8,636

Catering Charges 19,250 139 55,118 55,118

Xerox Charges 3,350

Kit to Delegates 2,144

SMS CHARGES 5,544

Misc Expenses 3,070

53,977

Surplus 1,141

Total 55,118 Total 55,118

93

67th Annual Report


An

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ber

Elec

trici

ty C

harg

es 1

2,00

0 –

–

–

1

2,00

0 De

lega

tes

(Nos

) 5

6 1

0 1

6 –

Fees

Per

Mem

ber

(Exc

. GST

.) 1

,271

1

,271

1

,271

–

Cate

ring

Char

ges

50,

976

–

–

–

50,

976

Tota

l Fee

s 7

1,17

6 1

2,71

0 2

0,33

6 –

1

04,2

22

Man

dap

Deco

rato

r 3

3,00

0 –

–

–

3

3,00

0 D

eleg

ates

Fee

s N

on M

embe

rDe

lega

tes

(Nos

) 1

–

6

–

Kit t

o D

eleg

ates

Fees

Per

Mem

ber

(Exc

. GST

.) 1

,695

–

1

,695

–

Fold

ers

/ Pen

/ Pa

d 7

,416

–

–

–

7

,416

Tot

al F

ees

1,6

95

–

10,1

70

–

11,

865

Phot

ogrp

hy &

Vid

eo

Shoo

ting

Char

ges

13,

000

–

–

–

13,

000

Mem

ento

es –

5

,520

–

–

5

,520

Mis

celle

neou

s

Expe

nses

Conv

eyan

ce 2

,250

–

3

65

–

2,6

15Co

ldrin

ks, B

isle

ri,

Nar

al &

Oth

er 8

90

–

–

–

890

Xero

x Ch

arge

s 1

43

–

5,4

00

–

5,5

43SM

S Ch

arge

s 3

,195

–

–

–

3

,195

Tota

l Exp

ense

s 1

22,8

70

5,5

20

5,7

65

–

134,

155

Tota

l Inc

ome

72,

871

12,

710

30,

506

–

116

,087

Part

icul

ars

GST

PAM

M

ACCI

A

AIF

TP

TPA

NAS

HIK

Tota

l

No.

of D

eleg

ates

57

10

22

– 8

9

Tota

l Inc

ome

72,

871

12,

710

30,

506

– 1

16,0

87

Tota

l Exp

ense

s 1

22,8

70

5,5

20

5,7

65

– 1

34,1

55

Rece

ivab

le/P

ayab

le (4

9,99

9) 7

,190

2

4,74

1 –

(18,

068)

Shar

e of

Tot

al S

urpl

us (4

,517

) (4

,517

) (4

,517

) (4

,517

) (1

8,06

8)

Net

Pay

able

/ Rec

eiva

ble

(45,

482)

11,

707

29,

258

4,5

17

(0)

Roun

ding

Off

Tota

l (4

5,48

2) 1

1,70

7 2

9,25

8 4

,517

(0

)

94


GSTPAM

An

nex

ure

N :

Acc

oun

ts o

f Jo

int

Wor

ksh

op o

n G

ST

Law

Org

anis

ed J

oin

tly

by G

ST

PAM

, A

IFT

P(W

Z),

BC

AS

, C

TC

, M

CT

C &

WIR

C F

rom

17t

h J

an 2

018

to 1

4th

Mar

201

8

Expe

nditu

reGS

TPAM

BCAS

CTC

AIFT

PM

CTC

WIR

CTO

TAL

Inco

me

GSTP

AMBC

ASCT

CAI

FTP

MCT

CW

IRC

TOTA

L

Dele

gate

Fee

s:-

Tea

Bill

/ Sna

cks/W

ater

145

,578

–

–

–

–

–

1

45,5

78 (

Excl

udin

g GS

T)

Xero

x Ch

arge

s 2

2,40

4 –

–

–

–

–

2

2,40

4 M

EMBE

RS

Dele

gate

s (N

os.)

92

14

29

2

–

22

159

Mem

ento

to S

peak

er 1

2,60

0 –

–

–

–

–

1

2,60

0 Fe

es p

er M

embe

r 2

,000

2

,000

2

,000

2

,000

2,

000

2,0

00

Tota

l Fee

s 1

84,0

00

28,

000

58,

000

4,0

00

–

44,

000

318

,000

Fold

er, P

ad &

Pen

5,8

16

–

–

–

–

–

5,8

16

Misc

Exp

159

–

1,

372

–

–

360

1

,891

NON

-MEM

BERS

Dele

gate

s (N

os.)

10

28

19

–

–

1

58

Conv

eyan

ce C

harg

es 1

28

614

4

0 –

–

–

7

82 F

ees

per M

embe

r 2

,500

2

,500

2

,500

2

,500

2,

500

2,5

00

Tota

l Fee

s 2

5,00

0 7

0,00

0 4

7,50

0 –

–

2

,500

1

45,0

00

SMS

Char

gaes

5,9

21

–

–

–

–

–

5,9

21

Bann

er C

harg

es 1

,350

–

–

–

–

–

1,3

50

Phot

ogra

pher

cha

rges

1,5

00

–

–

–

–

–

1,5

00

Tota

l Exp

ense

s19

5,45

6 6

14

1,41

2 –

–

3

60

197,

842

Tota

l Inc

ome

(A+

B) 2

09,0

00

98,

000

105,

500

4,0

00

– 4

6,50

0 46

3,00

0

Part

icul

ars

GST

PAM

BCAS

CTC

AIF

TP M

CTC

WIR

CTo

tal

No.

of D

eleg

ates

102

4

2 4

8 2

-

23

217

Tota

l Inc

ome

209

,000

9

8,00

0 1

05,5

00

4,0

00

- 4

6,50

0 4

63,0

00

Tota

l Exp

ense

s 1

95,4

56

614

1

,412

-

- 3

60

197

,842

Bala

nce

13,

544

97,

386

104

,088

4

,000

-

46,

140

265

,158

Shar

e of

Tot

al S

urpl

us 4

4,19

3 4

4,19

3 4

4,19

3 4

4,19

3 4

4,19

3 4

4,19

3 2

65,1

58

Paya

ble/

(Rec

eiva

ble)

(30,

649)

53,

193

59,

895

(40,

193)

(44,

193)

1,9

47

-

95

67th Annual Report


Annexure O : Account of 42nd RRC at Bengaluru, between 15th February, 2018 to 18th February, 2018 at The Golden Palms Hotel and SPA

EXPENDITURE AMOUNT INCOME AMOUNTEvent Charges 23,66,144 Delegates Fees (Excluding GST) 29,72,000Pre-Visit Expenses 25,460 Less : Refund

Delegates Cancelled

Xerox Charges 8,720Due to Death in Family

RRC Misc Expenses 22,170 (14000 * 3) 42,000SMS Charges 5,622 Before Room Commitment

(11500 * 5) 57,500GST Referencer complementary

1,568

Delegates CancelledSight Seeing Charges 41,116 After Room Commitment (1500*13) 19,500Memento to Chief Guests/Speakers

28,254 Delegates Participated (1000*190) 1,90,000 26,63,000

RRC Folder, Pen & Writing Pad & Delegates Mementos 38,324RRC Paper Printing Charges 22,484Total Expenses 25,59,862

Surplus 1,03,138

26,63,000 26,63,000

EXPENDITURE AMOUNT INCOME AMOUNTCost of Balance Paper 9,314 Sale of Papers 7,200(61 x 152.69) (36 x 200)

Surplus Stock of Papers(Trs. to Books & Bulletin A/c) 1,703 (25 x 152.69) 3,817

11,017 11,017

96


GSTPAM

Annexure P : Accounts of Triangular Box Cricket Tournament 2017-18 Organised Jointly by GSTPAM, MCTC & CTC at The Turf Club, Thakur Village, Kandivali

Expenditure GSTPAM MCTC CTC TOTAL Income GSTPAM MCTC CTC TOTAL

Delegate Fees:-

Rent of Ground & Cleaning

- 25,500 - 25,500 (Excluding GST)

Delegates (Nos.) 27 22 22

Food & Others 90 34,087 916 35,093 Fees per Member 636 750 636

Total Fees 17,161 16,500 13,992 47,653

Umpire & Scorer - 6,500 - 6,500

Guest Fees :-

Trophy 8,830 - - 8,830 (Excluding GST)

Delegates (Nos.) 8 9 1

Mandap Decorator & Lights

- 7,350 - 7,350 Fees per Guest 212 250 212

Total Fees 1,695 2,250 212 4,157

Photographer charges - 2,500 - 2,500

Bat & Balls & Grips 250 1,200 - 1,450 Advertisement Charges 50,000 - - 50,000

Tips/Conveyance/Xerox etc.

215 1,203 - 1,418

First Aid & Energy Drink - 833 - 833

SMS Charges 1,608 1,100 - 2,708

Total Expenses 10,993 80,273 916 92,182 Total Income (A + B) 68,856 18,750 14,204 1,01,810

Particulars STPAM MCTC CTC Total

No. of Delegates 27 22 22 71

No. of Guests 8 9 1 18

Total Income 68,856 18,750 14,204 1,01,810

Total Expenses 10,993 80,273 916 92,182

Receivable/Payable 57,863 (61,523) 13,288 9,628

Share of Surplus 3,209 3,209 3,209 9,628

Net Payable/ Receivable 54,654 (64,732) 10,079 -

97

67th Annual Report


Annexure Q : Ordinary Membership Fees

Particulars 31.03.2018 31.03.2017

` `

Local - Ordinary

` 1,500 x 1,374 Members 20,61,000 -

` 1,500 x 1,281 Members (Prev. Year) - 19,21,500

Outstation - Ordinary

` 1,250 x 881 Members 11,01,250 -

` 1,250 x 916 Members (Prev. Year) - 11,45,000

Total 31,62,250 30,66,500

98


GSTPAM

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, are written off and valued at token value ` 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 'Q'

The Schedules/Annexures referred to above form an integral part of the Balance Sheet as at 31st March, 2018 and Income and Expenditure Account for the year ended 31st March, 2018.

As per our report of even date For Sheth Doshi and Associates (Regd.) Chartered Accountants Firm No. 110052W


99

67th Annual Report


100


GSTPAM

Study Circle Meetings 2017-18

Seen from L to R: S/Shri Aalok Mehta, Jt. Secretary; Dinesh Tambde, Hon. Treasurer; Pradip Kapadia, Vice-President; Raj Shah, Jt. Secretary; Pranav Kapadia, President; C.B. Thakar, Speaker; R.R. Gandhi, Member of Maharashtra Sales Tax Tribunal

Shri C. B. Thakar

Shri Rajiv Luthia

Shri Punit Mehta

Shri Mitesh Katira

Shri Kiran Garkar

Shri Sheel Bhanushali

Speaker at Study Circle Meeting

24th July, 2017

22nd January, 2018

6th October, 2017

8th March, 2018

3rd November, 2017

5th April, 2018

101

67th Annual Report


1st Webinar by GSTPAM held on 24th November, 2017

On dais from L to R: S/Shri Hiral Shah, Convenor Website, Webinar & Rajat Talati, I.T. Committee; Speaker Pranav Kapadia, President

32nd Batch of Coaching Class

Past President and Speaker Shri Deepak Bapat Inaugurating the 32nd Batch of Coaching Class. Also

seen from L to R: S/Shri Sonali Bapat, Convenor; Pradip Kapadia, Vice President; Pranav Kapadia,

President; Raj Shah, Jt. Secretary; Dinesh Tambde, Treasurer and Sunil Joshi, Convenor

Mock Tribunal on 17th March, 2018 at GSTPAM Library Hall, Mazgaon

Seen from L to R: S/Shri Sunil Joshi, Convenor; Raj Shah, Jt. Secretary; Deepak Bapat, Past President of GSTPAM; Pradip Kapadia, Vice President; Ratan Samal, President of Sales Tax Tribunal Bar Association; Sonali Bapat, Convenor

Inaugural Intensive Study Circle Meeting held on 5th August, 2017

Past President Shri Deepak Thakkar inaugurating Intensive Study Circle by lighting the lamp

Seen from L to R: S/Shri Pranav Kapadia, President; Pravin Shinde, Convenor; Deepak Thakkar, Dilip Nathani, Convenor, Dr. Shashank Dhond, Past President; V. V. Guthe, Member

102


GSTPAM

Inaugural Mega Guidance Cell Meeting held on 21st August, 2017

Seen from L to R : S/Shri Ashit Shah and Vikram Mehta, Panel Members;

Sunil Khushalani, Convenor; Dinesh Tambde, Hon. Treasurer;

Prashant Vora, Convenor

Public Meeting on Union Budget held on 4th February, 2018On dais from L to R: S/Shri Hinesh

Doshi, Vice President of CTC; Meghana Shah, Member of ICSI; Sarika Rachuri,

Faculty; Mehul Shah, Faculty; Ravi Jain, Convenor of Ghatkopar CPE Study Circle;

Smt. Hoofreez S. Batliwala, Sr. Manager of Forum of Free Enterprises; Shri Pranav

Kapadia, President of GSTPAM

Half day Workshops on GST held on 28th August, 2017 and 6th, 8th, 11th September, 2017

On dais from L to R: S/Shri Pradip Kapadia, Vice President; Deepak Thakkar, Chairman of Workshop and Seminar Committee; A.R. Krishnan, Supervisor; Pranav Kapadia, President; Parita Shah, Presenter; Dinesh Tambde, Treasurer; Vinod Mhaske, Convenor, Workshop and Seminar Committee

Workshop on GST Law jointly with BCAS, CTC, MCTC, AIFTP (WZ) & WIRC of ICAI on 17th January, 2018

Inauguration of Workshop from L to R: S/Shri Deepak Shah, Chairman of AIFTP (WZ); Deepak Thakkar, Chairman Workshop and Seminar Committee; Pranav Kapadia, President of GSTPAM; Vipul Somaiya, President of MCTC; Narayan Pasari, President of BCAS; Premal Gandhi, Convenor of GSTPAM; Ajay Singh, President CTC

103

67th Annual Report


Seminar on Practical Aspects of GST held on 12th August, 2017 organized by GSTPAM Jointly with MCTC at Aspee Auditorium, Malad

Dignitaries on dais seen from L to R: S/Shri Darshan Shah, Sachin Gandhi, CA Vipul Somaiya (President, MCTC), CA Ankit Chande (Speaker), CA Pranav Kapadia (President, GSTPAM), CA Deepak Thakkar & Vinod Mhaske

Full Day Seminar on Challenges under GST held on 7th October, 2017, at Vile Parle jointly with Maharashtra Chamber of Commerce Industries and Agriculture (MCCIA), All India Federation of Tax Practitioners (AIFTP) (WZ), Mumbai and Tax

Practitioners Association, Nashik

On dais from L to R: S/Shri Raj Shah, Jt. Secretary; Chirag Parekh, President of AIFTP (WZ); P. C. Joshi, Past President; Pranav Kapadia, President of GSTPAM; Santosh Mandlecha, President of MACCIA and Late Satish Boob

Half Day Seminar on Recent Amendments in GST held on 21st December, 2017 at Mysore Association Auditorium, Matunga

Release of GST Referencer by Dr. Shashank Dhond, Past President of GSTPAM Seen from L to R: S/Shri Vinod Mhaske, Convenor; Raj Shah, Jt. Secretary; Dr. Shashank Dhond, Past President;

Bhaven Mehta, Convenor of Referencer Committee; Ashit Shah, Speaker; Pranav Kapadia, President, Pradip Kapadia, Vice-President; Dinesh Tambde, Hon. Treasurer; Aalok Mehta, Jt. Secretary; Premal Gandhi, Convenor

104


GSTPAM

Release of Short Publication on ‘Classification of Goods & Services – Principles & Interpretation’

Release of Short Publication authored by Shri Ratan Samal on ‘Classification of Goods & Services – Principles & Interpretation’ by Chief Guest Shri Rajiv Jalota along with President Shri Pranav Kapadia, Convenors of Publication Committee; Shri Ashit Shah and Shri Aditya Surte and other dignitaries

Unveiling of GSTPAM Vision Statement

Seen from L to R: S/Shri Swami Swatmanandaji, Chinmaya Mission; Pranav Kapadia, President; S.S. Gaitonde, Past President; P. V. Surte, Past President

Release of Updated Constitution of GSTPAM

Seen from L to R: S/Shri Aalok Mehta, Jt. Secretary; Dinesh Tambde, Hon. Treasurer; Dr. Shashank Dhond, Past President; Pranav Kapadia, President; P. C. Joshi, Past President; D. M. Gala, Past President; Swami Swatmanandaji, Chinmaya Mission; Pradip Kapadia, Vice-President; Raj Shah, Jt. Secretary; Sunil Khushalani, Managing Committee Member of GSTPAM

Arvind Thakkar Memorial Lecture held on 23rd February, 2018

Shri Swami Swatmanandaji of Chinmaya Mission addressing members on the Topic

of “In Search of Tranquility”

105

67th Annual Report


Half Day Seminar organized jointly with WMTPA, Pune on 6th January, 2018

Publication of Tax Tribune for the month of January, 2018

From L to R: S/Shri Aalok Mehta, Jt. Secretary of GSTPAM; Atul Kulkarni, Vice-President

of WMTPA; Narendra Sonawane, President of WMTPA; Pranav Kapadia, President of

GSTPAM; Sheel Bhanushali, Faculty; Editor Sukrut Deo

Seen from L to R: S/Shri Sachin Gandhi, Past President of GSTPAM; Yogesh Agrawal, Secretary of CA Branch of Aurangabad, Pranav Kapadia, President of GSTPAM; Sachin Lathi, Chairman of Aurangabad of WIRC; Aloke Singh, President of TPA of Aurangabad; Ajay Singh, President of CTC; Umesh Sharma, Regional Council Member of WIRC; Pankaj Parekh, Chairman of Outstation Seminar Committee of GSTPAM

Full Day Seminar on Important Tax Issues organized jointly with Aurangabad Branch of WIRC of ICAI, The Tax Practitioners Association (TPA), Aurangabad,

and The Chamber of Tax Consultants (CTC) on 17th March, 2018

Half Day Seminar on GST Jointly with Tax Practitioners Association (TPA) held on 24th March, 2018 at Nashik

Seen from L to R : S/Shri Sonali Bapat, Committee Member of GSTPAM; Mahesh Madakholkar, Committee Member of

GSTPAM; Deepak Bapat, Past President; Jayprakash Girase, President of TPA, Nashik and

Pradeep Kshatriya

Half Day Seminar organized jointly with Tax Consultants Association (TCA), Sangli and WMTPA, Pune on 27th November, 2017 at Sangli

Seen from L to R: S/Shri Atul Kulkarni, Vice-President of WMTPA Pune; Amol Mane, President of TCA Sangli; Shripad Bedarkar, Speaker; Manoj Lalwani, Speaker

106


GSTPAM

Half Day Seminar on “Practical Issues in E-Way Bill” jointly with Tax Consultants Association (TCA) held at Sangli on 28th April, 2018

Seen from L to R: S/Shri Amol Mane, President of TCA; Sudarshan Kadam, Convenor and

Managing Committee Member of TCA; Vinod Mhaske, Convenor of GSTPAM; Aditya Surte,

Speaker; Nitin Bang, Vice-President, TCA

Full Day Seminar on GST organized Jointly with Dhule District Tax Practitioners Association (DDTPA) held on 25th June, 2018

Full Day Seminar on GST Law Jointly with Vidarbha Tax Practitioners’ Association, Nagpur (VTPA) & Tax Bar Association, Amravati (TBA)

held on 30th June, 2018

From L to R: S/Shri Mahesh Madkholkar, Committee Member of GSTPAM; Hiral Shah, Speaker; Pranav Kapadia, President of GSTPAM, Pradeep G. Varade, Vice President of DDTPA; Mahesh Bafna, Secretary of DDTPA and Shivkumar Dongre President of DDTPA.

Seating From L to R: S/Shri Rajesh Mundada, Convenor of TBA, Amravati; R. S. Paliwal, President

of VTPA, Nagpur; R.R. Khandelwal, President of TBA, Amravati; Pranav Kapadia, President of GSTPAM;

Ratan Sharma, Secretary of TBA, Amravati; Aparna Thakare, Project Director; Rajesh Chandak,

Past President of TBA, Amravati

Newspaper reports of Seminar at Amravati

107

67th Annual Report


Full Day Seminar on GST organized jointly with The Tax Practitioners Association Parbhani on 7th July, 2018

Seen from L to R: S/Shri Arvind Nirmal, President of Tax Practitioners Association Parbhani; Dhaval Talati, Speaker; Pranav Kapadia, President; C.B. Thakar, Speaker; Dharmen Shah, Speaker; Arun Oza, Convenor, Parbhani CPE Chapter WIRC

GST One Year Celebration Outreach Programme held on 3rd July, 2018

GST Outreach program by CGST Thane Commissionerate

on 3rd July 2018

International Residential Refresher Course at Paris, Switzerland & Austria held from 28th April to 9th May, 2018

Seen from L to R: S/Shri Sunil Khushalani, Convenor; Pranav Kapadia, President; Ashit Shah, Speaker; Aalok Mehta, Jt. Secretary

42nd RRC at The Golden Palms Hotel & Spa, Bengaluru from 15th to 18th February, 2018

Inauguration of 42nd RRC by the Chief Guest Shri C. B. Thakar

Seen from L to R: S/Shri Prashant Vora, Convenor; Sachin Gandhi, Chairman; Pradip

Kapadia, Vice-President; Aalok Mehta, Jt. Secretary; C.B. Thakar, Speaker; Pranav

Kapadia, President; Raj Shah, Jt. Secretary; Dinesh Tambde, Hon. Treasurer

108


GSTPAM

Triangular Indoor Box Cricket Tournament between The Goods and Services Tax Practitioners’ Association of Maharashtra, The Chamber of Tax Consultants and

The Malad Chamber of Tax Consultants on 10th March, 2018

International Yoga Day celebrated on 21st June, 2018

Team GSTPAM – Winners of the Triangular Box Cricket Tournament held

on 10th March, 2018

Celebrated International Yoga Day on 21st June, 2018 under the guidance of Yoga Instructor Shri Sachin Dixit

Free Health Check-up Camp & Musical Program on Stress Free Living on the Occasion of

67th Foundation Day on 17th November, 2017

Musical Program on Stress Free Living by Shri Sanjeev Shah and his Team on 67th Foundation Day

Shri Pradip Kapadia & Shri P. V. Surte at the Health Check-up camp

ANNUAL REPORT...(Formerly Known as The Sales Tax Practitioners' Association of Maharashtra) The...

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