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The Goods and Services Tax Practitioners’ Association of Maharashtra(Formerly Known as The Sales Tax Practitioners' Association of Maharashtra)
BST
GST
VAT
th
ANNUAL REPORT
stFOR THE YEAR ENDED 31 MARCH, 2017
MANAGING COMMITTEE 2016-17
OFFICE BEARERS 2016-17
Seated From L To R : Dinesh M. Tambde, Hon. Jt. Secretary, Pranav P. Kapadia, Vice President, Dr. Shashank S. Dhond, President, Pradip R. Kapadia, Hon. Treasurer, Raj P. Shah, Hon. Jt. Secretary
Standing Form L To R : Sonali A. Bapat, Dhaval Talati, Bhaven D. Mehta, Chirag Parekh, Sunil D. Joshi, D. V. Phad, Pravin V. Shinde, Amol T. Mane, Aalok K. Mehta, Dilip V. Nathani, Dharmen R. Shah, Ajay Talreja, Vinod K. Mhaske, Hiral Shah, Hemant Walkar, Sunil G. Kushlani, Amol Shirode, Mahesh Madkholkar
Seated From L To R : Pranav P. Kapadia, Vice President, Dr. Shashank S. Dhond, President, Standing Form L To R : Dinesh M. Tambde, Hon. Jt. Secretary, Pradip R. Kapadia, Hon. Treasurer, Raj P. Shah, Hon Jt. Secretary
Inside 2nd Cover
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.stpam.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.
66th ANNUAL REPORT(Report for the year 2016-17)
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Notice ----------------------------------------- 3
Highlights of the Year --------------------- 4
Annual Report ------------------------------ 6
Auditor’s Report ---------------------------35
Balance Sheet -----------------------------37
Income & Expenditure A/c --------------40
Schedules-----------------------------------44
Annexures ----------------------------------53
Significant Accounting Policies --------69
CONTENTS
The Goods & Services Tax Practitioners’ Association of MaharashtraOffice : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai - 400 010. Tel. : 2375 2267/68
E-mail : [email protected] • Website : www.stpam.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.
Preponement of 66th Annual General Meeting
NOTICE
In Continuation of the 66th Annual General Meeting Notice dated 25th April, 2017 all the Members are hereby informed that the time of the Annual General Meeting to be held on 21st July, 2017 is preponed and changed from 5.00 p.m. to 4.00 p.m. The Venue and Agenda remain the same.
Place : Mumbai Dated : 13th July, 2017 Dinesh M. Tambde
Raj P. Shah Hon. Jt. Secretaries
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The Goods & Services Tax Practitioners’ Association of MaharashtraOffice : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai - 400 010. Tel. : 2375 2267/68
E-mail : [email protected] • Website : www.stpam.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.
66th Annual General MeetingNOTICE TO MEMBERS
NOTICE is hereby given to all the members of the Association that the 66th ANNUAL GENERAL MEETING of the Members will be held on Friday the 21st July, 2017 at 5.00 p.m. at the GSTPAM Association Library Hall, Room. No. 104, 1st Floor, GST Bhavan, Mazgaon, Mumbai–400 010, to consider the following agenda:—
AGENDA1. To read and confirm the minutes of the last Annual General Meeting held on 15th
July, 2016.
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, 2017 and the Balance Sheet as on that date and to receive and adopt the Annual Report of the Managing Committee for the year 2016-17 (A copy of the report and accounts would be sent separately)
3. To appoint an Auditor for the year ending 31st March, 2018 and fix his honorarium.
4. To receive the report of the Chief Election Officer and declare the result of the Election.
5. To transact any other business that may be brought with the permission of the Chair.
Mumbai - 400 010 Dinesh M. TambdeDated - 25th April, 2017 Raj P. Shah Hon. Jt. Secretaries
Resolution : Any member desiring to move any resolution, other than alterations in the Articles of the Constitution of the GST 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 21st June, 2017.
Note : Any member desiring to seek any information on the Accounts may do so at least 3 days in advance in writing so as to enable the committee to reply to the same to the satisfaction of the member concerned.
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Highlights of the year
1. Strong representation before various authorities and meetings with the Hon’ble Finance Minister, Maharashtra State and Hon’ble Commissioner of Sales Tax, Maharashtra State for Clarification and Amendments to the MVAT Act, 2002 and various issues in the administration of the Act. Also time-to-time Representation were made on G.S.T.
2. Study Circle Meetings at Mazgaon library on important subjects.
3. Effective use of Sales Tax Review for communication with the Sales Tax Department and business community.
4. E-mailing and Publication of monthly STPAM 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.
5. Mega Guidance Cell meetings at Mazgaon Library on the topic of New Automation Process, Overview of GST Portal by GSTN Official & PTRC.
6. Workshop on MVAT, Service Tax and GST with Brains’ Trust Session jointly organised with AIFTP, CTC, BCAS, MCTC and WIRC of ICAI with 201 participants.
7. 41st Residential Refresher Course at Hotel Radisson Blu, at Kochi with 220 participants.
8. 16th International Study Tour at USA with 47 participants conducted, organised and operated by Club 7 Holidays Ltd.
9. Two Full Day Seminar on Goods & Services Tax (Model Law) on 22nd & 23rd October, 2016 at Navin Thakkar Auditorium, Vile Parle East with 452 participants.
10. Outstation seminars held at various districts of Maharashtra during the year.
11. Coaching Class & Mock Tribunal held for the benefit of new as well as experienced members with a view to explain the basics of VAT/CST & GST. This year also Mock Tribunal was held at Bench 1 of The Maharashtra Sales Tax Tribunal with 103 participants.
12. Our Website www.stpam.org was updated. New Domain name www.gstpam.org has also been activated.
13. Intensive Study Course was conducted.
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14. Seminar on GST jointly with The Malad Chamber of Tax Consultants conducted at Malad with total enrollment of 275.
15. Public Meeting on Union Budget, 2017 organised jointly with Ghatkopar CPE Study Circle, Forum of Free Enterprises, Chamber of Tax Consultants and various associations.
16. Felicitation of our senior members S/Shri, S.S. Gaitonde, P. V. Surte & P. C. Joshi.
17. First time Box Cricket Tournament was conducted at Thakur Turf, Kandivali jointly with CTC & MCTC.
18. 2 Days NRRC conducted at Pune on 11th & 12th Nov. 2016 jointly with AIFTP (WZ) & WMTPA with 377 participants.
19. Compilation of GST Model Draft Law, Rules, Formats & FAQs Book compiled & released.
20. 7 Lecture Orientation Course on GST for in-depth analysis was organised from 19th to 26th December 2016 with 66 participants.
21. Special General Meeting for Amendment of Constitution was held on 17th March 2017.
22. Conducted meeting under the auspices of Late Shri Arvind Thakkar Memorial Lecture.
23. 2nd Orientation Course on GST for in-depth analysis with 6 lectures was organised from 3rd May to 5th May 2017 with 127 participants.
24. Two Full day Seminar on Goods & Services Tax on 13th & 14th May, 2017 at Navin Thakkar Auditorium, Vile Parle East with 565 participants.
25. Compilation of GST Final Law, Rules, Formats & FAQs Book compiled & released.
26. Outstation Orientation Course on GST at Thane was organized on 3rd, 10th, 17th and 24th June, 2017.
27. 2nd Outstation Orientation Course on GST at Thane was organized from 18th June to 26th June with 219 participants.
28. Short Publication on Transitional Provision under GST Act was compiled.
29. Full day seminar on GST at Dahanukar Hall, Kala Ghoda on 16th June, 2017 jointly with AIFTP (WZ) and MACCIA.
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
The Goods & Services Tax Practitioners’ Association of Maharashtra
66th Annual Report (Report for the year 2016-17)
We have pleasure in presenting the 66th Annual Report of the activities of the Association during the period 2016-17 along with the Audited Statement of Account and Balance Sheet as on 31-3-2017.
1. Election for the year 2016-17
At the 65th Annual General Meeting held on 15th July 2016, Shri D. N. Parikh, Chief Election Officer informed the members present that the election was required for the year 2016-17. 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, Dr. Shashank Dhond.
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 2017-18. The Committee was headed by our Past President, Shri J. D. Rawal as a Chief Election Officer.
3. Managing Committee
At the first meeting of the Managing Committee Shri Sachin Gandhi, Shri Dhaval Talati, and Shri Milind Bhonde were unanimously co-opted as the members of the Managing Committee for the year 2016-17. 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 2016-17 comprising young, enthusiastic and dynamic members performed their functions with
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great zeal throughout the year. During the year, 13 meetings of the Managing Committee were held. The details of attendance are given in Annexure “C”.
4. Law & Representation Committee – VAT
The Law and Representation Committee of the STPAM, has the Hon’ble task of representing around 3,500 members from all across Maharashtra. This year practitioners had to face three main issues. Amnesty Scheme, Automation of Returns and GST Enrollment.
Committee frequently held meetings with CST and other authorities, gave representations and held Study Circle Meetings for the benefit of the members. Apart from that the Committee also held numerous meetings with the Finance Minister of Maharashtra, to represent legal issues or to escalate issues unresolved by the Commissioner. The Finance Minister has appreciated the role of STPAM in bringing upon accountability in the Sales Tax Department.
The Committee actively strove to act for the benefit of the members and ensured that their interests are protected even in the light of some strong opposition by the Sales Tax Department. Following are the list of Representations and the status of the issues represented therein.
Representation to CST on Extension of M.S.A.D. application time was considered and extended vide Circular 31T/2016 to 15.11.2016
Representation made to CST for credit of amount paid prior to Asst. Order under M.S.A.D. Act was considered vide Circular 21T of 2016
Representations were made to C.S.T. for payment made after Asst. Order but before filing of appeal were to be covered u/s. 40 of MVAT Act, at time of making M.S.A.D. Act, was allowed to be adjusted against Tax vide Circular 10T of 2016.
Representation made by STPAM to C.S.T. for submitting proof of appeal withdrawal letter instead of Withdrawal order was accepted by the C.S.T. vide Circular No. 20T of 2016.
Parth Badheka Convenor
Vivekanand Rao, Convenor
Dr. Shashank Dhond
Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Representations were strongly made for non-submission of monthly returns, which was considered by the C.S.T. and vide Circular 34T extension was granted.
Representation to C.S.T on issue of Circular 5T of 2017 disabling provisional ID of non-compliant Phase 1 & Phase 2 dealers, but needless to say such dealers were not eligible for the benefits of transitional provisions under GST law. It was brought to the notice of the C.S.T. who took prompt action to issue Circular 6T of 2017 – Corrigendum to Circular 5T of 2017.
List of Representations
Sr. No.
Date Representation Authority Status
1 27-07-16 Issues relating to Maharashtra SAD Act
CST Additional clarification issued through circulars
2 30-07-16 Extension of Returns for April to June 16 and issuance of CST Declarations
CST Successful
3 01-09-16 Issues relating to PT Amnesty
CST Resolved
4 02-09-16 Meeting with Commissioner for request for removal of condition for grant of stay for amnesty and extension
CST Ordinance XXIII of 16 issued on 17-9-2016 and CST issued 24T of 2016 and Scheme extended upto 15-11-2016
5 20-09-16 Letter of appreciation for issuance of 24T of 2016
CST
28-09-16 Representation regarding suggestions on Model GST Law
H o n ’ b l e M e m b e r Secretary , Empowered Committee of State Finance M i n i s t e r s , New Delhi
Various suggestions accepted in the final bill
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Sr. No.
Date Representation Authority Status
6 01-10-16 Representation regarding suggestions on Model GST Law
CC:1. Principal F i n a n c e S e c r e t a r y , Mumbai2. CST
7 09-11-16 R e p r e s e n t a t i o n for Extension of Amnesty Scheme post Demonetization
F i n a n c e Minister of Maharashtra CC: CST
Amnesty extended to 30-11-2017
8 18-11-16 Representation for automation issues, extension of returns filing dates and GSTN
CST Extension promptly granted for returns and GSTN
9 21-11-16 Issues relating to migration to GST Portal
CST GSTN Migration date extended
10 09-12-16 Urgent extension of 1 Quarter returns
CST Successful
11 03-03-17 For wrong GST circular curtailing transitional provisions vide 5T of 2017
CST C o r r i g e n d u m issued on 4-3-17, withdrawing the contentious portions
12 09-03-17 Representation and Pre budget meeting with Finance Minister for smooth revenue collection and ‘Ease of Doing Business’
F i n a n c e Minister of Maharashtra
13 10-03-17 Issues relating to automation and GST Portal
CST CC: Finance Min. Maharashtra
Partly resolved
14 21-03-17 Urgent representation for issues relating to proposed state budget
Finance Min., Maharashtra CC: CST
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Sr. No.
Date Representation Authority Status
15 20-04-17 Email representation for extension of Q3 and monthly returns
CST Successful
16 24-04-17 Failure of Automation, ambiguous dates of extension, and urgent action by CST
CST Immediate correction of date, District level JC meetings promised by CST
17 27-04-17 Additional issues under Automation and PT
CST Under urgent consideration
5. GST Committee
The GST Committee was chaired by Adv. Vinayak Patkar and the Joint Convenors were CA. Ashit Shah and Adv. Vinod Mhaske. The GST Committee has made various representations and suggestions to Central and the State Government on proposed GST from time to time. The details of the activities during the year 2016-17 are summarized below:
During the year 2016-17, the GST Committee organized Study Circle Meetings, GST Orientation Courses and Seminars to educate the members of the Association on the proposed Model GST Law. Video recording of Study Circle Meetings and Seminars are also placed on the website of the association.
The GST Committee had arranged Study Circle Meeting on 19th August, 2016 addressed by our Vice-President, CA. Pranav Kapadia on the subject of “Overview of GST” and respected members of association were present.
We have organized Two Full Days Seminar on 22nd & 23rd Oct, 2016, at Navin Thakar Hall, Mumbai, on the subject of proposed Model of GST Law (1st Draft). The learned speakers were Adv. P. C. Joshi, CA. Deepak Thakkar, Adv. Nikita Badheka, Adv. Vinayak Patkar, CA. Janak
Ashit Shah, Convenor
Vinod Mhaske, Convenor
Vinayak Patkar Chairman
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Vaghani, Adv. C. B. Thakar, CA. Sujata Rangnekar, CA. Rajat Talati, CA. Kiran Garkar and Adv. Ratan Samal. 452 delegates participated in the said seminar.
We have also organized Seminars at Nashik, Thane, Malvan, Solapur, Nagpur, Amravati, Kolhapur and Kudal on the subject of proposed Model GST Law, in order to update our outstation members with the latest development in the GST law.
During the year 2016-2017, we first time have arranged GST Orientation courses for in-depth analysis on proposed Model GST law. The course has series of 7 lectures of 3 hours and it started from 19/12/2016 to 26/12/2016, at GSTPAM Library, Mumbai. The total 66 delegates was participated from the Profession and Industry in the said GST Orientation Courses.
We also have organized 2nd GST Orientation Course, on 3rd, 4th & 5th May, 2017, at STPAM Library, Mumbai, consisting of 3 days of 5 hours to provide in-depth knowledge of the GST Law for the benefit of members and their office staff at large. The total 127 delegates was participated from the Profession and Industry in the said GST Orientation Courses.
We had organized Two Full Days Seminars on 13th & 14th May, 2017, at Navin Thakar Hall, Mumbai, on GST. The learned speakers were Adv. Nikita Badheka, Adv. Vinayak Patkar, Adv. C. B. Thakar, CA. Sujata Rangnekar, CA. Rajat Talati, CA. Kiran Garkar and Adv. CA. Vikram Mehta, CA. Mayur Parekh and 567 delegates participated in the said seminar.
We had organized jointly with the MCTC Two Full Days Seminar on 2nd & 3rd June, 2017, at Malad, on GST.
Two Books were compiled on 1st Draft Model GST and Final GST Act.
The GST Committee had made representation during the year 2016-17 before the concerned GST Authorities on the following issues.
SR. NO.
Date Topic Submitted
(1) 07/09/2016 Various proposals and representations on the subject of GST.
Hon’ble Finance Minister, State of Maharashtra
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
(2) 28/09/2016 Representation on the Proposed Model Goods & Services Tax Law for Centre and State of Maharashtra.
A) Hon’ble Member Secretary empowered Committee of the State Finance Minister New Delhi.
B) Hon’ble Finance Minister, the Principal Secretary of finance and the Commissioner of Sales Tax, Maharashtra State
6. 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 Smt. Sujata Rangnekar and Associate Editor Shri Vikram Mehta 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 Pravin Shah, Shri Ashvin A. Acharya and Shri Vinayak Patkar.
For the term of F.Y. 2016-17, Smt. Sujata Rangnekar as Chief Editor and Shri Vikram Mehta as Associate Editor of the Sales Tax Review have rendered their esteemed services.
The journal comprising columns, articles, gist of case laws, gist of DDQ’s, recent amendments, 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.
During the year, in addition to the regular articles and columns on the topics of VAT, CST, Service Tax, Income Tax and Company Law updates, articles of prime importance on burning topics of “Introduction of GST Law” and various
Dilip V. Nathani Convenor
Ishaan Patkar Convenor
Mayur Parekh Chairman
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articles on Model GST and its impact on various Industries as well as the various sections and draft rules were published.
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.
7. 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 to cater to this important requirement.
The committee was formed under the chairmanship of Mr. Dattatraya V. Phad and convenor Shri Sunil G. Khushalani.
Both the libraries were updated with latest books, Newsletters and Journals. Looking into the GST implementation in near future we had also updated the library with books on GST.
We had also installed “TAXMANN” software at Mazgaon Library to update the members with latest judgments, Amendments/Circulars/Notifications on VAT, Income Tax, Service Tax and Excise Laws.
8. 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. 31st batch of Coaching Class was organised under the able Chairmanship of our Hon. Jt. Secretary Shri Raj Shah and Jt. Conveners Shri Sunil D. Joshi and Shri Aditya S. Surte at our Association’s library at Mazgaon. This year, with the advent of GST, the coaching class consisted lectures focused on significant topics of the Model GST law along with lectures covering the practical aspects of VAT, CST and Profession Tax. The total number of participants was 103 which consisted of new entrants
Raj Shah Chairman
Sunil Khushalani Convenor
Dattatray Phad Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
in the practice of taxation, students who were pursuing professional courses and few of the practising professionals. This batch of Coaching Class was inaugurated by our Past President Smt. Sujata Rangnekar on 22nd November, 2016 and total 12 lectures on VAT, CST and Profession Tax and 10 lectures on the Model GST Law were conducted during the course. Three lectures were conducted every week and the classes were successfully completed in a span of mere 22 days.
Mock Tribunal was organised by the Committee wherein the students of the coaching class actively participated as Appellants and Defendants. Following last year’s practice, the Mock Tribunal was arranged at Bench One of Maharashtra Sales Tax Tribunal. The Mock Tribunal was inaugurated in hands of Hon. Shri Ashwinikumar Deore, President - Maharashtra Sales Tax Tribunal. The session was chaired by Shri. Ashwinikumar Deore, President and Shri V. U. Borse, Member – MSTT as Jury Members.
9. Computer, Website and Online Guidance Committee
This committee was headed by Shri Ashvin Acharya as Chairman and Shri Hiral Shah as Convenor. 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. Two Computers with few online tools were installed at the Library which can be used by Members for enhancing knowledge.
With the name change approved in the SGM, website www.gstpam.org has also been made functional. Several new concepts and facilities have been introduced. The mass e-mail facility has been re-introduced by the Association to spread awareness about different events organised by the Association. With the Demonetisation arena, the very useful feature of online payment facility for all the members was developed further to facilitate membership application from for new members as well as for renewal of membership. By this, members can pay
Sunil D. Joshi Convenor
Aditya S. Surte Convenor
Hiral Shah Convenor
Ashvin Acharya Chairman
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online and also apply online for membership or for renewal and fill the online form.
Association has got the website designed in the form by which members can access videos of Study Circle Meeting and other important data directly on home page. The handy facility given to members is android application for smart phones.
10. Accounting and Office Administration Committee
The Committee was headed by President Shri Dr. Shashank Dhond as Chairman and Shri Prashant Vora as Convenor. During the year, 3 staff members left the job and in their place new staff members were appointed. 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 of our office.
The duties of the existing & new staff have been reorganized so as to increase work efficiency among the staff. The rotations of duty of staffs were also carried out during the year. The Committee has taken reports containing details of work completed and work pending from staff on regular basis. Implementation of surprise checks and various check lists have increased efficiency of the staff. 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.
11. DDQ Compilation Committee
This Committee undertakes the task of publishing gist of DDQ orders in the Sales Tax Review and preparing and publishing the compilation of orders on calendar year basis. The Committee headed by the President Dr. Shashank Dhond as Chairman and Shri Dilip Nathani 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 benefits of the members of the Association.
Prashant Vora Convenor
Dr. Shashank Dhond
Chairman
Dilip Nathani Convenor
Dr. Shashank Dhond Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
12. Mega Guidance Cell Committee
Under the Chairmanship of president Dr. Shashank Dhond and convenorship of Shri Dattatray V. Phad 4 Guidance Cell Meetings were conducted during the year 2016-17. Queries raised by the participant members were answered by the Departmental authorities in detail and expressed their views and experience on the subject matter. Inaugural Mega Guidance Cell Meeting was inaugurated by Shri Subhash G. Morale, Addl. Commissioner of Sales Tax on 10th of August 2016.
The details of Mega Guidance Cell Meetings held during the period.
Sr. No.
Date Subject Speaker
1 10th August 2016
Amnesty under Profession Tax Act
Shri Subhash G. Morale Addl. Commissioner of Sales Tax
Shri Pradip Kadu Joint Commissioner of Profession Tax
2 16th September 2016
E-filing under New Automation
Shri Nitin Shaligram Deputy Commissioner Of Sales Tax and his officers
3 6th January 2017
Overview of GST Portal Shri Rajiv Agrawal Senior Vice President of GSTN New Delhi
Shri Rajiv Jalota Hon Commissioner of Sales Tax Maharashtra
Shri L. K. Giri Addl. Commissioner of Sales Tax
4 22nd Feb 2017 E-filing Under New Automation
Shri Nitin Shaligram Deputy Commissioner of sales Tax
Shri Gajanan Khanande Deputy Commissioner Of sales Tax
Dattatray V. Phad
Convenor
Dr. Shashank Dhond
Chairman
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13. Intensive Study Circle Committee We are in the era of welcoming the new law named “Goods
& Services Tax (GST)”. Our members are required to be well equipped with knowledge GST Law along with our normal study on Maharashtra Value Added tax, Central Sales tax and other allied laws.
We all are aware about the practical difficulties we face while applying the rules and procedures of the different Acts during our discussion with the clients or during the assessments proceedings. With the view to update our fellow members on the latest development in law and to discuss the practical issues arising there from, our association has been regularly conducting Intensive Study Circle meetings. The Intensive Study Circle, is designed to enable the members to study and discuss various issues on Indirect Tax Laws such as GST Law, MVAT, Central Sales Tax, Service Tax and such other allied laws.
At the intensive Study Circle, one of the members acts as a group leader and leads the discussion on issues of the relevant subject and one of the senior in the profession, monitors the discussion,. The meetings are generally arranged on 1st and 3rd Saturday of the month (working Saturdays of 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 in week days, to provide benefit of more meetings and more discussion on subjects, in the intensive.
The Intensive Study Circle was inaugurated on auspicious day of first day of Navratri i.e., on Saturday, 1st day of October, 2016 at Mazgaon Library by the hands of Adv. Shri C. B. Thakar, where he has also acted as the Monitor of the first session.
The Intensive Study Circle committee was headed by our Secretary Shri Dinesh Tambde as a Chairman with the Joint Convenors Bhaven Mehta and Ajay Talreja. Total 15 meetings were held starting from 1st October 2016 and ending on 17th of June 2017. Total 129 participants had enrolled for the Intensive Study Circle meetings. This time the conveners were in regular touch with the participants through e-mails and messages and were updating them about the meetings. And at the endeavour’s of the convenors, the study materials were mostly made available to the participants in advance before the start of every meeting.
Ajay Talreja Convenor
Bhaven Mehta Convenor
Dinesh Tambde Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
In the last meeting a new concept of “Your Issues – Your Solutions” was introduced where in 5 junior participants took part as Group Leader and 2 senior participants acted as their monitor. All the participants of Intensive Study Circle meeting were divided in 5 groups, and the issues prepared by the group leaders, were discussed with the participants and guided by the monitors. The meeting of it’s own kind was enjoyed by all.
We express our sincere gratitude to all the monitors and group leaders for providing their insights on various provisions under the MVAT Act, CST Act and GST law. We are also thankful to the participants for their enthusiasm and zeal for intense study and interactive meetings.
14. Referencer Committee
The STPAM Referencer on VAT and Allied Laws has become the most referred & preferred book for the tax professionals practicing in Indirect taxes. This Committee is headed by Vice President Shri Pranav Kapadia as the Chairman along with Shri Ashit Shah and Shri Bhaven Mehta as joint Convenors.
This year, the theme of “MOVING AHEAD” is selected to reflect the onset of GST era and also to reflect the change in name of our association to “THE GOODS & SERVICES TAX PRACTITIONERS’ ASSOCIATION OF MAHARASHTRA”. We at GSTPAM are updating our members and providing best knowledge of indirect tax laws in shortest possible time.
In the move of updating the knowledge, this year we have also added new feather to our Referencer pack, by introducing “GST REFERENCER”. We are confident that members will be benefitted by taking the basket of Referencer related to VAT & allied laws and the on-road GST law.
In the Referencer we have also tried to explain various processes of different Acts through use of “Flow Charts”. Our association has completed 66 years of service, a Ray of this is also included in Referencer.
We hope that the members will like the new features introduced in the Referencer vis-a-vis introduction of GST Referencer.
Bhaven Mehta Convenor
Ashit Shah Convenor
Pranav Kapadia Chairman
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15. 41st Residential Refresher Course Committee
Residential Refresher Course is always an eagerly awaited programme of the Association because it provides an atmosphere of learning in relaxed environment. This Committee was headed by Past President Shri Sachin Gandhi as Chairman along with Convenor Shri Pravin Shinde. The 41st Residential Refresher Course was held from 9th February 2017 to 12th February, 2017 at Hotel Radisson Blu, Kochi in pleasant environment of Kerala with inflow of knowledge and outflow of ideas with eminent & versatile personalities. In all, 220 participants attended the R.R.C. The details of papers submitted at the said RRC are as under:
Sr. No.
Subject Paper Writer Chairman
1 Valuation & Job Work Provisions under GST Law
CA Dharmen Shah Adv. Vinayak Patkar
2 Place of supply, Interstate supply and supplies in the course of Import & Export under GST regime vis-à-vis CST Act.
Adv. Milind Bhonde CA Sujata Ranganekar
3 Brains’ Trust Session ChairmanTrustees
P. C. JoshiAdv. C. B. ThakkarAdv. Nikita Badheka.CA Rajat Talati
The R.R.C. was Inaugurated by Shri P. C. Joshi Past President GSTPAM. Shri P. C. Joshi delivered Inaugural speech on the subject of “Impact of Demonetization on Indirect Taxes”. In the presence of Hon’ble Justice Mr. Dama Seshadri Naidu, Justice, Kerala High Court, Dr. Shashank Dhond, President of STPAM felicitated our Past President Shri P. C. Joshi. At this junction Justice Mr. Dama Seshadri Naidu, Justice, Kerala High Court gave marvellous speech to delegates. We specially thank Justice Mr. Dama Seshadri Naidu, for sparing his valuable time.
The participants appreciated the excellent presentation of papers by the paper writers, detailed group discussions and Chairmen’s Important remarks. The paper
Pravin Shinde Convenor
Sachin Gandhi Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
writers painstakingly highlighted the legal provisions, technical interpretation and the issues arising therefrom. The papers evinced keen interest and lively discussion amongst the participants. The Chairmen of the Technical Sessions provided the participants with their in-depth analysis of the provisions and issues and guided the participants on the subjects. The participants also enjoyed sightseeing program and “ValamKalli” a Traditional Boat race of Kerala and later enjoyed sunset cruise. We take this opportunity to thank all participants in this event for participating in large number. We once again thank Chief Guest, Paper Writers, Chairman, Trustee of Brains’ Trust Session, Past presidents, Office Bearer of our association, all Managing Committee Members, Staff of our Association who have made this RRC Successful.
16. International Residential Refresher Course
The 16th International Residential Refresher Course of our association was organized at United States of America under the Chairmanship of Shri Sachin Gandhi and Convenorship of Shri Aalok Mehta from 24th May, 2017 to 8th June, 2017. The International Residential Refresher Course received a good participation of 47 delegates.
The tour was conducted by Club 7 Holidays Limited and all the delegates appreciated the service provided by the tour operator throughout the tour.
17. Workshop on MVAT & Allied Laws Committee
The Workshop on MVAT, Service Tax & Allied Laws started on 21.01.2017 and ended on 24.03.2017. The Workshop is jointly organized by 6 professional Associations viz., AIFTP (WZ), BCAS, CTC, MCTC, STPAM & WIRC of ICAI. There were 201 participants enrolled for the Joint Workshop. The Workshop comprised of 14 Technical sessions with 14 eminent speakers and 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. To understand the challenges to be faced in GST Era,
Aalok Mehta Convenor
Sachin Gandhi Chairman
Dharmen Shah Convenor
Pradip Kapadia Chairman
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Pradip Kapadia Convener
Mahesh Madkholkar
(Thane) Jt. Convener
Mayur Parekh Chairman
Dr. Shashank Dhond - Chairman
Industry wise GST Implications and Comparison of Existing Laws vs. GST Model Law sessions were arranged. A special Mega Brains’ Trust Session was arranged at the end of Seminar to seek views from seniors on issues faced by all members with regards to interpretation of law and practical difficulties to be faced during transition issues. We have also included Works Contract under MVAT Act, 2002, CST Act, 1956, Service tax provisions which have always been matter of litigation in the existing laws.
The Committee was headed by Pradip Kapadia, Chairman and Dharmen Shah, Convenor. The Committee would like to acknowledge efforts taken by the various members of the committee and also all the co-ordinators of various sessions of Workshop.
18. Finance & Accounts Committee
The Committee under the Chairmanship of Shri Mayur Parekh with Convenor Pradip Kapadia, Hon. Treasurer along with President Shri Shashank Dhond, Vice President Shri Pranav Kapadia, Jt. Secretaries Shri Raj P. Shah & Shri Dinesh Tambde and Committee Members Shri U. M. Loonawat, R. S. Pathak, Suresh Sanghavi, Sachin Gandhi, Janak Vaghani, V. R. Ghelani, K. M. Shah, N. V. Pachpute, Hiten Shah, and Pravin Shah met at Periodical Intervals to review finance and accounts of the Association. The audited annual accounts for the year ended 31-3-2017 are 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.
19. Regional Centres and Outstation Seminars Committee
We take proud privilege to submit our report of above committee for the year 2016-2017.
We are happy to confirm that the basic goal of the activities of the association to enrich the knowledge of our members and of the general public by conducting seminars all over Maharashtra have been triggered.
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
We are thankful to the President and Managing Committee members of STPAM 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 lecture, 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 MACCIA, AIFTP and Regional taxation bodies who jointly organised seminars with us.
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 programme held are as follows–
Sr. No.
Date City Joint Participants
1 03/07/2016 Amravati Vidarbha Tax Practitioners’ Association and Tax Bar Association, Amravati
2 04/08/2016 Alibaug Tax Practitioners’ Association, Aurangabad3 26/10/2016 Nashik AIFTP (WZ); MACCIA and Tax Practitioners’
Association, Nashik4 05/11/2016 Thane AIFTP (WZ); Bhiwandi Tax Practitioners’
Association; Tax Friends and Tax Practitioners’ Association, Thane
5 05/11/2016 Malvan (Sindhudurg)
Local Trade Organisations
6 10/12/2016 Nagpur AIFTP (WZ); Vidarbha Tax Practitioners’ Association and Sales Tax Bar Association, Nagpur
7 02/12/2016 Solapur The Income Tax and Sales Tax Practitioners’ Association (Library Trust), Solapur and Solapur Branch of WIRC of ICAI
Rajkumar Bhambare -
Parbhni Jt. Convener
Bhonde M. M. (Pune)
Jt. Convener
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8 03/12/2016 Pandharpur Local Trade Organisations9 28/01/2017 Amravati Vidarbha Tax Practitioners’ Association and
Tax Bar Association, Amravati10 25/02/2017 Nashik Tax Practitioners’ Association, Nashik11 26/02/2017 Nanded Tax Practitioners’ Association, Nanded12 21/05/2017
& 22/05/2017
Sangli Taxation Consultants’ Association, Sangli
13 27/05/2017 Kolhapur Chamber of Tax Consultants, Income Tax Bar Association Kolhapur and Tax Consultants’ Association Kolhapur
14 10/06/2017 & 11/06/2017
Amravati Vidarbha Tax Practitioners’ Association and Tax Bar Association, Amravati
15 03/06/2017, 10/06/2017, 17/06/2017 & 24/06/2017
Thane(Proposed)
AIFTP (WZ); Bhiwandi Tax Practitioners’ Association; Tax Friends and Tax Practitioners’ Association, Thane
16 18/06/2017, 19/06/2017, 20/06/2017, 21/06/2017, 22/06/2017, 26/06/2017
Thane(Proposed)
Tax Practitioners’ Association, Thane
17 28/06/2017 Panvel(Proposed)
Local Trade Organisations
18 07/07/2017 & 08/07/2017
Goa(Proposed)
AIFTP (WZ) and Western Maharashtra Tax Practitioners’ Association
19 08/07/2017 Malvan (Sindhudurg)(Proposed)
Local Trade Organisations
20 09/07/2017 Kudal (Proposed)
Local Trade Organisations
21 15/07/2017 Nashik (Proposed)
Tax Practitioners’ Association, Nashik
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
20. STPAM News Bulletin
Under the Chairmanship of Dr. Shashank Dhond and Joint Convenors Shri Aalok Mehta and Shri Ajay Talreja, the Association has regularly published News Bulletins during the year 2016-17
The News Bulletin is uploaded on GSTPAM website on every month. STPAM News Bulletin contains details of all programmes of the Association during the month, Sales Tax Updates, Service Tax Updates, Short Notes on the recent decisions of the Maharashtra Sales Tax Tribunal, Gist of Important Judgments on Service Tax, Goods and Services Tax update which are contributed on a monthly basis by experts and are useful to the members of the association for getting important info at a glance of the news bulletin.
21. Membership and Subscription (Local) Committee
In current year, Membership Committee was working with dual object. Firstly, to increase the membership by reaching out to members who have not renewed recently and secondly to renew the membership of existing members. During the years, details of members like Communication address, phone numbers have changed. This year, calls have been made to members for updating their details and we have attached Member wise Data Updation Forms mentioning individual details for their confirmation, amendment and approval. These details will then be helpful in reaching out to individual members using mass SMS, e-mails, phone calls which will result in fruitful communication. A scheme for advance memberships for a block of three years has been proposed in case of Ordinary Local and Ordinary Outstation Members.
Ajay Talreja Convenor
Pravin Shinde Convenor
Aalok Mehta Convenor
Dharmen Shah Convenor
Dr. Shashank Dhond
Chairman
Dinesh Tambde Chairman
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The committee was headed by Chairman Shri Dinesh Tambde and Joint Convenors Shri Dharmen Shah and Shri Pravin Shinde and well supported by President Dr. Shashank Dhond and Vice-President Pranav Kapadia from time to time. The Committee would also like to acknowledge the efforts taken by the various members of the committee. The efforts of the Convenors and members of committee in past one year has resulted in updation of details of many members resulting in effective communication for renewals/new-memberships.
22. Membership and Subscription (Outstation) Committee
The main object of this committee is to increase the membership strength of the Association
This Committee was headed by President Dr. Shashank Dhond as Chairman and Shri Mahesh Madkholkar, Thane; Shri Mahesh Bafna, Dhule; Shri Satish Boob, Nashik and Shri Rajkumar Bhambare, Parbhani as Joint Convenors.
Many new members were enrolled due to the active efforts made by the Convenors. Appeal for membership was made through the seminar held at various districts. During this year due to Outstation Seminars, the strength of new Members has increased which was great achievement for STPAM. Many members converted their Membership from Ordinary to Life Membership. The object of the Association was accomplished in real sense with the inspiration of the President Dr. Shashank Dhond.
Mahesh Madkholkar
Convenor
Satish Boob Convenor
Rajkumar Bhambare Convenor
Dr. Shashank Dhond
Chairman
Mahesh Bafna Convenor
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
23. Non–Residential Refresher Course Committee
Association had organized 19th Non-Residential Refresher Course during the year in Pune at PYC (Poona Young Cricket Club), Off Bhandarkar Road, Deccan Gymkhana, Pune on 11th & 12th November, 2016 under the Chairmanship of Shri Dr. Shashank Dhond and Convenor Mr. Prashant Vora, which was jointly organized by with AIFTP (WZ) and WMTPA.
The NRRC had total 7 Technical Sessions. Delegates from all parts of India had attended and speakers from all over India have shared their views. It was a grand success and beneficial to all delegates.
24. Publication Committee Act, Rules & Short Publication on Amendments
The Publication Committee undertakes task of providing quality reference material at reasonable price to the members. Under the Chairmanship of President Dr. Shashank Dhond and Convenorship of Parth Badheka, short publication on ‘Transitional Provisions under GST’ was released which was compiled by Parth Badheka and Aditya Surte.
25. Sports Committee
Under the Chairmanship of Pradip Kapadia and Convenor Aalok Mehta, First Indoor Box Cricket Tournament (with Tennis Ball) was organized by our Association jointly with The Chamber of Tax Consultants and The Malad Chamber of Tax Consultants on 4th March, 2017 at The Turf Club, Thakur Village, Kandivali, Mumbai. Our Association won the runners up trophy under the captainship of Dinesh Tambde and he also received the Best Fielder Award. We are thankful to all the members who have participated in this tournament. We are also thankful to The Chamber of Tax Consultant and The Malad Chamber of Tax Consultants for their support in organising this mega event.
Prashant Vora Convenor
Parth Badheka Convenor
Aalok Mehta Convenor
Dr. Shashank Dhond
Chairman
Dr. Shashank Dhond
Chairman
Pradip Kapadia Chairman
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26. Tribunal Judgment & Short Notes Committee
Committee was headed by Chairman C. B. Thakar and Joint Convenors Amol Mane and Sonali Bapat. We have checked and made listing of all the judgments from last two years. Chronologically we have started working on the same. We have personally along with seniors like Shri Vijay Sachiv, Shri Vivekand Rao, Shri D. V. Phad, Shri Dhaval Talati, Shri Milind Bhonde, Shri Mahesh Madkholkar, Shri Ashit Shah, Shri G. Y. Patwardhan and Shri Mahesh Bhagwat altogether started to work on it and prepared the gist for the purpose of members at large and to display on the website and to publish in the News Bulletin.
27. Foundation Day & Diwali Get-together
17th November being the Foundation Day of STPAM, was celebrated along with Diwali Get together on 17th November, 2016 at 104, Liabrary, Mazgaon, Mumbai. On this day, Vimal Punmiya gave lecture on Demonetization of Currency.
28. Awards
Sr. Prize for Awardee[s] Judge[s] for selection
01 Best Article writer in STR [April 2016 to March 2017]
CA Aalok Mehta Editor - Smt. Sujata Rangnekar & Associate Editor – Shri Vikram Mehta
02 Best Column Writer in STR [April 2016 to March 2017]
CA Ashit Shah Editor - Smt. Sujata Rangnekar & Associate Editor – Shri Vikram Mehta
03 Best Speaker in Study Circle Meetings
Shri Sachin Gandhi Office Bearers
Sonali Bapat Convenor
Amol Mane Convenor
C. B. Thakar Chairman
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
04 Best Paper Writer in 41st Residential Refresher Course.
Advocate Milind Bhonde
Adv D. H. Joshi & Adv Ratan Samal
05 Best Sportsman Adv Dinesh Tambde CA Pranav Kapadia
06 Rajkumar Adukia Foundation Award for Best Group Leader in Intensive Study Course Meetings.
Shri Mayur Momaya CA Bhaven Mehta
07 Best Convenor Shri Pravin Shinde For RRC and Membership
President: Dr. Shashank Dhond
08 Best Convenor Adv Sunil Khushlani For Library Commite, C o n s t i t u t u o n Amendment & Thane Seminar
President: Dr. Shashank Dhond
09 Best Convenor Adv. Vinod Mhaske & CA Ashit Shah For GST Committee
President: Dr. Shashank Dhond
10 Best Convenor CA Bhaven Mehta President: Dr. Shashank Dhond
11 T.B. Lulla Memorial Fund for best Organizer for Outstation Seminar.
Tax Practitioners Association, Nanded & Tax Practitioners Association Solapur
President: Dr. Shashank Dhond
12 Satishchand Laxmichand Memorial Awards for best pleader before the Mock Tribunal & T. B. Lulla Memorial Fund for best Participant at Moot Court Competition.
Shri Vivek Anand Rao & Shri Mayur Doshi
Convenors: Sunil Joshi & Aditya Surte
13 Dr. Bharat D. Vasani Prize for securing highest percentage of marks in C.A. examination.
-
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14 D. M. Gala Prize for excellence in any field/subject/work as may be decided by the President.
Adv Vinayak Patkar,
Shri Sachin Gandhi
For Support and Guidance throughout the year
President: Dr. Shashank Dhond
15 Best paper Writer At NRRC
Adv Dinesh Tambde Adv Chirag Parekh
29. Obituary
With profound grief we record the sad demise of our members:
1) S. S. Gaitonde
2) T. M. Chhatpar
30. Acknowledgements
The various activities of the Association could not have been carried out without the support of the Members, Institutions, Government Officials and other Individuals. We place on record our sincere gratitude to these individuals and organisations for their support throughout the year.
1. Hon’ble Finance Minister, Shri Sudhir Mungantiwarji for giving us patient hearing on various representations on day-to-day issues.
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 President of Maharashtra Sales Tax Tribunal Shri Ashwinikumar Deore for Inaugurating the Study Circle Meeting and addressing the members on the occasion. We are also thankful to Hon’ble President of Maharashtra Sales Tax Tribunal for Inaugurating our Mock tribunal & NRRC at Pune and also for granting Permission to use Bench 1 for Mock Tribunal for the benefit of the students.
4. Hon’ble Members of The Maharashtra Sales Tax Tribunal for their Presence at the Inaugural Study Circle meeting.
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
5. Shri Subhash Morale, Additional Commissioner of Sales Tax for Inaugurating Mega Guidance Cell Meeting.
6. Past President Smt. Sujata Rangnekar for Inaugurating the 31st batch of Coaching Class.
7. All the dept. officials for sharing their views at various Guidance Cell Meetings
8. Shri Vimal Punmiya for delivering talk on the eve of Diwali Get-together and Foundation Day of the Association
9. Shri Dhaval Talati for Inaugurating Orientation Course on GST.
10. Past President Shri P. C. Joshi for Inaugurating the 41th RRC at Kochi.
11. Past President Shri D. H. Joshi for releasing Beginners Book.
12. Past President Shri C. B. Thakar for Inaugurating Intensive Study Course.
13. Special thanks to Judge Dama Seshadri Naidu of Kerala High Court for delivering excellent talk at at 41st RRC Kochi.
14. 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.
15. 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, Vinayak Patkar, Pravin R. Shah, Ashvin A. Acharya and Smt. Nikita Badheka for providing valuable inputs and guidance for bringing out the Sales Tax Review.
16. Editor Smt. Sujata Rangnekar & Associate Editor Shri Vikram Mehta of the Sales Tax Review for F.Y. 2016-17 for rendering their selfless services during the year.
17. All the authors of monthly columns and Contributors of Articles and other Reference materials for the Journal.
18. 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.
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19. 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 STPAM
20. CA Shailesh Ghedhia for co-ordinating meetings with Finance Minister Maharashtra State.
21. 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, Workshops, Coaching Classes, RRC, Orientation Courses and the Intensive Study Course Meetings.
22. Regional Tax Practitioners’ Associations for holding Joint seminars.
23. Office Bearers and Members of Managing Committee of :
• Chamber of Tax Consultants (CTC)
• Bombay Chartered Accountants’ Society (BCAS)
• All India Federation of Tax Practitioners [West Zone]
• The Malad Chamber of Tax Consultants (MCTC)
• Western India Regional Council (WIRC) of ICAI
• Maharashtra Chamber of Commerce, Industry and Agriculture
• Outstation Tax Practitioners’ Associations
• Various Trade Organisations
24. Judges for the various awards for selecting awardees.
25. All Senior Members, Editor and Compilers of the Referencer for checking and compiling the same.
26. Our statutory auditor Sheth Doshi and Associates, Chartered Accountants for Auditing the Accounts of our Association for the year 2016-17.
27. Management of the Hotel Radisson Blu, Kochi for excellent arrangements provided for 41st Residential Refresher Course.
28. Shri Rajesh Bist of Club 7 Holidays Ltd. for excellent arrangement of International Study Tour at USA.
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29. Management of Navinbhai Thakkar Auditorium, Mumbai for excellent arrangement for Seminars.
30. Management of Dahanukar Hall, Kala Ghoda for excellent arrangement for Full Day Seminar.
31. Printers M/s. Finesse Graphics Pvt. Ltd. for printing of Sales Tax Review, Referencer and RRC Paper and other publications.
32 We also thank all those Individuals and organisations who directly or indirectly helped us in organising various activities of the Association.
33. Our Special thanks to Past Presidents Shri Vinayak Patkar and Shri Sachin Gandhi for helping in organizing various activities of our association and providing guidance from time to time.
34. All Staff Members of the Association for their wholehearted support and co-operation extended throughout the year.
35. Last but not least, the Office Bearers and Managing Committee thank all the members of the STPAM Family for giving opportunity to serve the profession and the professional fraternity and also for their full co-operation.
31. Thanks
We take this opportunity to thank all the members of our Association for their continued encouragement and constructive suggestions as well as for their full support and co-operation which enable us to render better services to our members. However, we sincerely apologise if we have, inadvertently, missed anyone’s name or hurt anyone’s feelings.
We do hope that the efforts put in by this Managing Committee under the experienced leadership of Dr. Shashank S. Dhond were satisfactory and seek your constructive suggestions for further improvement by the incoming team.
Place : Mumbai Dinesh Tambde & Raj ShahDate : 14th June, 2017 Hon. Jt. Secretaries
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Annexure A
Membership Chart
Type of Membership 31-3-2015 31-3-2016 31-3-2017
Donor Members 3 3 3
Patron Members 4 4 4
Life Members 1,037 1,080 1,173
Ordinary Local Members 1,429 1,338 1,270
Ordinary Outstation Members 999 953 894
Total 3,472 3,378 3,344
Life Members Opening : 1080
Less : Deceased during the year : 0
Add : Admission during Year : 93
Balance Life Members as on 31-3-2017 : 1173
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
Annexure B Managing Committee Meeting Attendance
Record During July, 2016 to June, 2017
Name Designation Total Meetings
Meetings attended
Leave of absence
Dr. Shashank S. Dhond President 13 13
Pranav P. Kapadia Vice-President 13 13 _
Pradip R. Kapadia Hon. Treasurer 13 12 1
Dinesh M. Tambde Hon.Jt. Secretary 13 11 2
Raj P. Shah Hon.Jt. Secretary 13 13 _
Vijay M. Sachiv Ex.Off. Member 13 12 1
Sujata Rangnekar Editor, STR 13 _ _
Amol T. Mane Member 13 8 5
Sonali Bapat Member 13 8 5
Parth Badheka Member 13 7 6
Dharmen R. Shah Member 13 11 2
Ishaan V. Patkar Member 13 6 7
Mahesh Madkholkar Member 13 10 3
Aalok K. Mehta Member 13 12 1
Bhaven D. Mehta Member 13 13 _
Pravin V. Shinde Member 13 13 _
Aditya Surte Member 13 9 4
Ashit K. Shah Member 13 10 3
Dilip V. Nathani Member 13 11 2
Sunil G. Khushlani Member 13 9 2
Vinod K. Mhaske Member 13 12 1
Sunil Joshi Member 13 12 1
Co-opted Members
Sachin R. Gandhi Member 13 11 2
Dhaval Talati Member 13 7 6
Milind Bhonde Member 13 3 10
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Report of an Auditor relating to Accounts Audited under sub-section (2) of sections 33 & 34 and Rule 19 of the Bombay Public Trusts Act.
Registration No. F-2522 (BOM)
Name of the Public Trust
The Goods & Services Tax Practitioners’ Association of Maharashtra, Mumbai
For the year ending 31st March, 2017
(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
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The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
(l) All cases of irregular, illegal or improper expenditure, or failure 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 : 14.06.2017 Mem. No. 017370
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
37
Audited Statements of Account
and
Balance Sheet
for the period
1-4-2016 to 31-3-2017
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
38
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 Chartered Accountants Firm No. 110052W
B. M. Doshi Place : Mumbai Proprietor Dated : 14-6-2017 Mem. No. 017370
As at 31-3-2016
`
Funds & Liabilities Sche-dule
Page No.
As at 31-3-2017
`TRUST FUND OR CORPUS :
i) Admission Fees: I 44 1,492,878 Balance as per last Balance Sheet 1,596,078
103,200 Add : Received during the year 153,200 1,749,278 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 44
4,807,301 Balance as per last Balance Sheet 5,257,301 450,000 Add : Received during the year 720,000 5,977,301
v) Employees Provident Fund 76,096
EARMARKED & OTHER FUNDS : 6,291,087 New Office Premises Fund 6,291,087
- Add : Received during the year - 6,291,087
OTHER FUNDS : 1,033,112 i) Felicitation / Memorial and Award Fund IIIA 45 1,091,838
182,802 ii) Library Fund / Other Fund IIIB 45 175,272 1,267,110
2,975,764 GENERAL RESERVE 2,975,764
LIABILITIES : 718,976 For Expenses IVA 46 113,611 757,100 Advances & Deposits IVB 46 1,331,673 1,445,284
INCOME & EXPENDITURE A/C : 9,356,729 Balance as per last Balance Sheet 10,651,660 1,294,931 Add : Surplus/(Deficit) as per Income 863,292 11,514,951
& Expenditure A/c
29,513,388 Total 31,346,379
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
39
Association of MaharashtraSchedule VIII {Vide Rule 17(1)} Registration No. F-2522 (BOM)as at 31st March, 2017
Dr. Shashank Dhond Pranav P. Kapadia Pradip R. Kapadia Dinesh Tambde President Vice-President Hon. Treasurer Raj Shah Hon. Jt. Secretaries
As at 31-3-2016
`
Property & Assets Sche- Dule
Page No. As at 31-3-2017
`
1,641,382 IMMOVABLE PROPERTIES V 47 1,477,244
3,656,882 OTHER FIXED ASSETS VI 47 3,258,770
21,660,000 INVESTMENTS VII 48 23,625,022
50,558 CLOSING STOCK VIII 50 40,769
1,642,210 ADVANCES & DEPOSITS IX 51 1,734,401
CASH & BANK BALANCES :
807,886 SAVING & CURRENT BANK ACCOUNT XA 52 1,132,311
54,470 CASH & COURT FEES STAMPS BALANCES XB 52 77,862
29,513,388 Total 31,346,379
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
40
The Goods & Services Tax Practitioners' Income and Expenditure Account
Year ended 31-3-2016
`
Expenditure Annexure Page No. Year ended 31-3-2017
` Establishment Expenses :
1,458,653 a) Expenses on Human Resources A 53 1,451,268
b) Administrative Expenses : 89,152 Electricity Charges 108,775 71,641 Telephone Charges B 53 70,917
104,193 Printing & Stationery 137,786 117,999 Postal & Courier Charges 111,330
26,544 Xerox and Printing Charges 28,576 27,378 Conveyance Charges 26,016 48,163 Sundry Expenses 67,076
109,306 Administrative & Contractual Service Charges 406,378 8,605 Prize Distribution Expenses 14,320
18,846 SMS Expenses - General 22,857
c) Professional Fees : 28,197 Legal & Professional Fees – 39,620 28,625 Audit Fees 28,750 44,456 d) Repairs & Maintenance Charges 181,808
e) Financial Charges : 3,635 Bank Charges 12,410
f) Expenditure in respect of Property : 42,916 Society Charges (Mazgaon Tower) 41,607 34,520 Library Expenses (Mazgaon Library) -
342,379 Library Repairs (Bandra Library) 1,820 3,791 Insurance Charges 4,109
Mazgaon Tower Repairs 209,570
Expenditure on the Objects of the Association :Educational Expenses :
1,237,527 i Journal (Sales Tax Review) C 54 1,344,850 ii Publications :
157,569 Own Publications D 55 208,229 77,986 Other Publications DI 55 78,236
1,640,013 iii Referencer Printing Charges E 56 1,955,712 86,606 iv Study Circle Meetings 91,501
160,595 v Library Expenses F 57 137,698 23,815 vi News Bulletin 11,250
5,993,110 c/f Total 6,792,469
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
41
Association of Maharashtrafor the year ended 31st March, 2017
Year ended 31-3-2016
`
Income Annexure Page No.
Year ended 31-3-2017
` 3,198,250 Membership Fees M 68 3,066,500
Income From Investments : 240,000 a) Interest on Company Deposits and
Bonds1,33,872
1,730,402 b) Interest on Bank Fixed Deposits - BOI 15,15,010Interest on Bank Fixed Deposits - SBI 1,48,035
1,970,402 Total 17,96,917Less:-i) Trans. To Felicitation/
79,294 Memorial and Award Fund. 82,649 14,438 ii) Trans to Library Fund 14,624
1,876,670 Total 97,273 1,699,644
13,069 c) Interest on I.Tax Refund 13,891
i. Income From Educational Activities : 814,979 Journal (Sales Tax Review) C 54 785,986
ii. Income from Sale of Publications : 183,708 a) Sale of Own Publications D 55 242,535 101,638 b) Sale of Other Publications DI 55 101,348
1,673,390 c) Publication of Referencer E 56 1,943,086
iii. Income from Refresher Courses & Seminars :
2,735,985 a) 40th Residential Refresher Courser at Amritsar
305,500 b) Full Day Seminar on 14.12.2015 at Navin Thakkar Auditorium
105,500 c) Specialised Course on Service Tax - 2014-15
d) Full Day Seminar on 28.04.2016 at Navin Thakkar Auditorium
GI 58 775,800
e) Full Day Seminar on 11.05.2016 at Kala Ghoda
GII 59 315,200
f) 2 Full Day Seminar - 22rd & 23rd Oct 2016 at Navin Thakkar Auditorium
GIII 60 1,094,704
g) 41st Residential Refresher Course at Kochi
L 67 2,789,061
11,008,689 Total 12,827,755
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
42
The Goods & Services Tax Practitioners' Income and Expenditure Account
As per our report of even date For Sheth Doshi and Associates Chartered Accountants Firm No. 110052W
B. M. Doshi Place : Mumbai Proprietor Dated : 14-6-2017 Mem. No. 017370
Year ended 31-3-2016
`
Expenditure Annexure Page No.
Year ended 31-3-2017
` 5,993,110 b/f 6,792,469
vii Expenditure on Refresher Courses & Seminars : 2,560,914 a) 40th Residential Refresher Course At Amritsar
295,116 b) Full Day Seminar on 14.12.2015 at Navin Thakkar Auditorium
c) Full Day Seminar on 28.04.2016 at Navin Thakkar Auditorium
GI 58 530,412
d) Full Day Seminar on 11.05.2016 at Kala Ghoda GII 59 224,256 e) 2 Full Day Seminar - 22nd & 23rd Oct 2016 at Navin
Thakkar AuditoriumGIII 60 914,987
49,948 g) Specialised Course on Service tax 2014-15 - h) 41st Residential Refresher Course at Kochi L 67 2,637,107
17,673 viii) Outstation Seminar 33,188 ix) Expenditure on other Educational Activities :
28,842 a) 29th Batch of Coaching Class - 2014-15 49,645 b) 30th Batch of Coaching Class - 2015-16 - 12,529 c) Intensive Study Course - 2014-15 16,990 d) Intensive Study Course - Service Tax - 2015-16 54,102 e) Intensive Study Course - 2015-16 -
f) Intensive Study Course - 2016-17 H 64 56,224 g) 31st Batch of Coaching Class 16-17 I 65 127,859 h) Orientation Course on Model GST Law 2016-17 J 65 38,200 Social Events :a) Triangular Box Cricket Tournament 2016-17 K 66 12,030
25,021 b) Foundation Day Celebration and Diwali Get-to-gether 14,759 30,891 c) AGM Meeting Expenses 59,600
d) SGM Meeting Expenses 9,511 190,773 e) Election Expenses 145,819
13,857 f) Mega Guidance Cell 25,415 75,607 g) Committee Meetings 62,543 34,224 h) Website Expenses 61,037
2,288 i) Interest - Service Tax 5,870 j) Interest on TDS 4,940 k) T.D.S. PAID A.Y. 2008-09 3,410 l) T.D.S. PAID A.Y. 2010-11 960 m) T.D.S. PAID A.Y. 2011-12 3,060 n) TDS PAID A.Y. 2013-14 250
689,071 o) Depreciation 646,367 12,410,273
1,294,931 Excess of Income over Expenditure 863,292 11,435,532 Total 13,273,565
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
43
Association of Maharashtrafor the year ended 31st March, 2017
Note : Previous years figures have been re-grouped/re-arranged wherever found necessary.
Year ended 31-3-2016
`
Income Annexure Page No.
Year ended 31-3-2017
` 11,008,689 b/f 12,827,755
Surplus from Seminar Jointly held 30,852 a) Joint Workshop On MVAT, Service Tax & Allied
Laws - 2014-2015 9,700 b) Joint Workshop On MVAT, Service Tax & Allied
Laws - 2015-16GIV 61 4,203
31,335 c) Joint Seminar on Real Estate Transactionsd) Joint Workshop on MVAT at Malad 2015-16 GV 62 25,747e) Joint Workshop On GST, MVAT, and Service Tax
2016-17GVI 63 38,266
Income From other Educational Activities : 28,278 a) 29th Batch of Coaching Class - 2014-15 75,700 b) 30th Batch of Coaching Class - 2015-16 46,827 c) Intensive Study Course - 2014-15
101,400 d) Intensive Study Course -2015-16 33,750 e) Intensive Study Course on Service Tax - 2015-16
f) Intensive Study Course 2016-17 H 64 95,627 g) 31st Batch of Coaching Class 2016-17 I 65 148,928 h) Orientation Course on Model GST Law 2016-17 J 65 99,000
39,339 Profit on Sale of Assets -
29,662 Miscellaneous Income 34,039
11,435,532 Total 13,273,565
Dr. Shashank Dhond Pranav P. Kapadia Pradip R. Kapadia Dinesh Tambde President Vice-President Hon. Treasurer Raj Shah Hon. Jt. Secretaries
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
44
Schedules to Balance Sheet as at 31-3-2017
Schedule I
31.03.2017`
Balance as per last balance sheet 1,596,078
Admission Fees :
Received during the year
1 Life Members Local 46 X 800 = 36,800
Life Members Outstation 8 X 800 = 6,400
2 Ordinary Members Local 125 X 500 = 62,500
Ordinary Members Outstation 95 X 500 = 47,500 153,200
Total 1,749,278
Schedule II
31.03.2017`
Balance as per last balance sheet 5,257,301
Life Membership Fees :
Received during the Year 72 X 10,000 = 720,000 720,000
Total 5,977,301
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
45
Schedule IIIA : Felicitation, Memorial & Awards Funds & Students Prize FundsSr. No.
Name Op. Balance
1-4-2016
Received during
the year
Add Interest
@8%
Less Prize given
Closing Balance
31-3-2017` ` ` ` `
1 Past President Memorial Fund 58,133 - 4,651 2,900 59,883
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)
122,837 - 9,827 3,405 129,259
2 V. G. Varde & M. S. Sane & K. B. Kayastha Memorial Fund (For Best Article in "Sales Tax Review")
48,990 - 3,919 1,100 51,809
3 Satishchand Laxmichand Memorial Fund (For Best Pleader in Mock Tribunal)
27,001 - 2,160 1,620 27,541
4 M. D. Ranade & R. S. Bapat (Best Paper writer RRC & Best Column Writer in STR)
28,588 - 2,287 1,200 29,676
5 Bharat D. Vasani Prize Fund (For Best Paper Writer in NRRC)
99,970 - 7,998 - 107,967
6 Smt. Bhanuben Vora Education Fund (For securing highest percentage of marks in the M. Com Examination)
27,892 - 2,231 - 30,123
7 Pourana & Gala & Gala Memorial Prize 30,838 - 2,467 - 33,305
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. )
69,456 - 5,556 3,000 72,012
9 T.B.Lulla Memorial Prize Fund(For Best Participant of Moot Court Competition)
143,160 - 11,453 - 154,612
10 T.B.Lulla Memorial Prize Fund(for Best Outstation Seminar)
125,754 - 10,060 2,600 133,215
11 D. M. Gala Prize Fund 98,315 - 7,865 5,898 100,282
12 Other Funds (Combined) 152,179 - 12,174 2,200 162,154
Total (A) 1,033,112 - 82,649 23,923 1,091,838
Schedule III BSr. No.
Name Op. Balance
1-4-2016
Received during the
year
Add Interest
@8%
Less Books
Purchase
Closing Balance
31-3-2017` ` ` ` `
1 Library Fund (B) 182,802 - 14,624 22,154 175,272
Total (A + B) 1,215,914 - 97,273 46,077 1,267,110
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
46
Schedule IV : Liabilities
Schedule IVA : Liabilities for Expenses
Sr. No.
Particulars 31-3-2017 31-3-2016
` `1 Sheth Doshi & Associates (Audit & Professional Charges) 31,500 31,350 2 Outstanding Telephone Charges 6,212 8,022 3 Outstanding Exp Website Maintenance Charges 2,950 2,577 4 Outstanding Creditors for Electricity (Mazgaon Tower & Library) 5,000 11,112 5 Provision for TDS 3,288 3,286 6 Provision for Swachh Bharat Cess 2015-16 - 90 7 Provision for Swachh Bharat Cess 2016-17 5,444 - 8 Provision for Moot Tribunal 2015-16 (Coaching Class) - 18,786 9 Refund for 40th RRC at Amritsar - 136,165 10 Staff Leave Encashment 2015-16 - 47,315 11 Staff Leave Encashment 59,217 - 12 Jt.Workshop on MVAT, Service Tax Allied Law 2015-16 - 9,701 13 Shandar Interior Pvt. Ltd. - Library Renovation - 450,572
Total 113,611 718,976
Schedule IVB : Liabilities for Advances & Deposits Received
Sr. No.
Particulars 31-3-2017 31-3-2016
` `1 Deposit for Lockers - 73,125 2 Advance Service Charges 174,900 78,600 3 Advance Subscription 139,000 65,000 4 Advance Membership Fees (Outstation) 285,000 253,750 5 Advance Membership Fees (Local) 698,000 271,500 6 Intensive Study Course 2016-17 34,773 - 7 Receipt - Workshop 2015-16 - 15,125
Total 1,331,673 757,100
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
47
Fixed Assets
Schedule V : Immovable Properties
Particulars of Assets WDV as on 1-4-2016
Addition Deduction during the
year
Total Rate of depre-ciation
%
Depreciation up to
31-3-2017
Balance as on
31-3-2017on or before
30-9-2016on or after 1-10-2016
` ` ` ` ` ` ` `Office Premises (A) 1,641,382 - - - 1,641,382 10% 164,138 1,477,244
Schedule VI : Other Fixed AssetsFurniture & Fixtures 1,916,739 - - 1,916,739 10% 191,674 1,725,065 (Mazgaon Library)Furniture & Fixtures - (Office) 178,414 - - 178,414 10% 17,841 160,572 Furniture & Fixtures - 519,656 - - 519,656 10% 51,966 467,690 (Bandra Library)Electric Fittings 146,283 - - 146,283 15% 21,942 124,341 Air Conditioners (Maz.Tower) 20,294 - - - 20,294 15% 3,044 17,250 Air Conditioners (Maz. Library) 301,408 - - - 301,408 15% 45,211 256,197 EPBX System (Maz. Tower) 1,520 - - - 1,520 15% 228 1,292 EPBX System (Maz. Library) 15,083 - - 15,083 15% 2,262 12,821 Amplifier & Loudspeaker 36,632 - - 36,632 15% 5,495 31,137 Water Cooler 17,001 - - 17,001 15% 2,550 14,451 Water Purifier (Maz.Library) 11,084 - - 11,084 15% 1,663 9,421 Water Purifier (Maz. Tower) - 8,990 - 8,990 15% 674 8,316 Computer & Accessories 58,512 30,500 25,500 - 114,512 60% 61,057 53,455 Signage Boards(Maz.Library ) 143,197 3,938 - - 147,135 10% 14,714 132,422 Camera 3,408 - - - 3,408 15% 511 2,896 CCTV Camera (Maz.Tower) 14,259 - - - 14,259 15% 2,139 12,120 CCTV Camera (Maz.Library) 60,963 - - - 60,963 15% 9,144 51,818 Cleaning Machine 671 - - - 671 15% 101 570 Fax Machine 3,045 - - - 3,045 15% 457 2,589 LCD Projector 40,859 - - - 40,859 15% 6,129 34,730 Software Package 1 - - - 1 60% 1 Mass E-Mail Software 1 - - - 1 60% 1 Mass SMS Software 1 - - - 1 60% 1 Account Software Package 642 - - - 642 60% 385 257 Attendance Recording 10,399 15,188 - - 25,587 15% 3,838 21,749 System Web Site 156,810 - - 156,810 25% 39,203 117,608
(B) 3,656,882 49,626 34,490 - 3,740,998 482,229 3,258,770
Total (A + B) 5,298,264 49,626 34,490 - 5,382,380 646,367 4,736,014
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
48
Sr.
No.
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1-4-20
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20.10
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20.10
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- 3,
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-
17,26
7 -
133,8
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A 3,
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5 -
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21.05
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21.05
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1,37
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1,37
0,000
-
17,28
6 -
- -
- -
17,28
6 3
1099
822
.05.20
1522
.05.20
16 1,
370,0
00
98,19
3 1,
370,0
00
- 17
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- -
- -
- 17
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411
002
23.05
.2015
23.05
.2016
600,0
00
42,87
2 60
0,000
-
7,86
3 -
- -
- -
7,86
3 5
1100
425
.05.20
1525
.05.20
16 72
0,000
51
,134
720,0
00
- 9,
785
- -
- -
- 9,
785
611
005
25.05
.2015
25.05
.2016
450,0
00
31,95
8 45
0,000
-
6,11
6 -
- -
- -
6,11
6 7
1100
625
.05.20
1525
.05.20
16 55
0,000
39
,060
550,0
00
- 7,
475
- -
- -
- 7,
475
811
018
27.05
.2015
27.05
.2016
500,0
00
35,29
2 50
0,000
-
7,03
7 -
- -
- -
7,03
7 9
1101
927
.05.20
1527
.05.20
16 50
0,000
35
,291
500,0
00
- 7,
037
- -
- -
- 7,
037
1011
021
28.05
.2015
28.05
.2016
500,0
00
35,18
2 50
0,000
-
7,41
6 -
- -
- -
7,41
6 11
1102
228
.05.20
1528
.05.20
16 50
0,000
35
,182
500,0
00
- 7,
416
- -
- -
- 7,
416
1211
160
01.07
.2015
01.07
.2016
550,0
00
34,47
5 55
0,000
-
14,09
6 -
- -
- -
14,09
6 13
1116
101
.07.20
1501
.07.20
16 55
0,000
34
,475
550,0
00
- 14
,096
- -
- -
- 14
,096
1411
162
01.07
.2015
01.07
.2016
650,0
00
40,74
3 65
0,000
-
16,65
9 -
- -
- -
16,65
9 15
1116
301
.07.20
1501
.07.20
16 65
0,000
40
,743
650,0
00
- 16
,659
- -
- -
- 16
,659
1609
200
07.04
.2014
07.04
.2017
650,0
00
116,0
73
- -
- -
71,71
8 65
0,000
-
187,7
91
837,7
91
71,71
8 17
0929
125
.04.20
1425
.04.20
17 50
0,000
87
,011
- -
- -
54,95
4 50
0,000
-
141,9
65
641,9
65
54,95
4 18
0929
225
.04.20
1425
.04.20
17 50
0,000
87
,010
- -
- -
54,95
5 50
0,000
-
141,9
65
641,9
65
54,95
5 19
0400
712
.08.20
1513
.08.20
16 40
0,000
20
,832
400,0
00
- 14
,655
- -
- -
- 14
,655
2004
008
12.08
.2015
13.08
.2016
400,0
00
20,83
2 40
0,000
-
14,65
5 -
- -
- -
14,65
5 21
1135
920
.08.20
1520
.08.20
16 60
0,000
30
,253
600,0
00
- 22
,177
- -
- -
- 22
,177
2211
360
20.08
.2015
20.08
.2016
600,0
00
30,25
3 60
0,000
-
22,17
7 -
- -
- -
22,17
7 23
0401
603
.09.20
1504
.09.20
16 25
0,000
11
,510
250,0
00
- 9,
524
- -
- -
- 9,
524
2411
497
15.09
.2015
15.09
.2016
200,0
00
8,72
6 20
0,000
-
7,85
4 -
- -
- -
7,85
4 25
1161
207
.10.20
1507
.10.20
16 30
0,000
11
,292
300,0
00
12,64
2 -
- -
- -
12,64
2 26
1169
328
.10.20
1528
.10.20
16 20
0,000
6,
636
200,0
00
9,32
0 -
- -
- -
9,32
0 27
1214
714
.03.20
1614
.03.20
17 3,
000,0
00
10,00
8 3,
000,0
00
215,0
60
- -
- -
- 21
5,060
28
1214
814
.03.20
1614
.03.20
17 60
0,000
2,
002
600,0
00
43,01
2 -
- -
- -
43,01
2 29
1218
622
.03.20
1622
.03.20
17 50
0,000
88
3 50
0,000
36
,628
- -
- -
- 36
,628
3012
187
22.03
.2016
22.03
.2017
500,0
00
883
500,0
00
36,62
8 -
- -
- -
36,62
8 31
1218
622
.03.20
1722
.03.20
18 53
7,511
91
0 53
7,511
91
0 53
8,421
91
0
Sch
edu
le V
II :
In
vest
men
ts
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
49
3212
187
22.03
.2017
22.03
.2018
537,5
11
910
537,5
11
910
538,4
21
910
3341
2230
.05.20
1631
.05.20
17 50
0,000
31
,192
500,0
00
31,19
2 53
1,192
31
,192
3441
2330
.05.20
1631
.05.20
17 50
0,000
31
,192
500,0
00
31,19
2 53
1,192
31
,192
3541
2430
.05.20
1631
.05.20
17 50
0,000
31
,192
500,0
00
31,19
2 53
1,192
31
,192
3641
2530
.05.20
1631
.05.20
17 80
0,000
49
,908
800,0
00
49,90
8 84
9,908
49
,908
3741
2630
.05.20
1631
.05.20
17 50
0,000
31
,192
500,0
00
31,19
2 53
1,192
31
,192
3841
2730
.05.20
1631
.05.20
17 60
0,000
37
,431
600,0
00
37,43
1 63
7,431
37
,431
3941
2830
.05.20
1631
.05.20
17 1,
500,0
00
93,57
7 1,
500,0
00
93,57
7 1,
593,5
77
93,57
7 40
4129
30.05
.2016
31.05
.2017
1,50
0,000
93
,577
1,50
0,000
93
,577
1,59
3,577
93
,577
4141
3030
.05.20
1631
.05.20
17 70
0,000
43
,669
700,0
00
43,66
9 74
3,669
43
,669
4241
3130
.05.20
1631
.05.20
17 60
0,000
37
,431
600,0
00
37,43
1 63
7,431
37
,431
4341
3230
.05.20
1631
.05.20
17 60
0,000
37
,431
600,0
00
37,43
1 63
7,431
37
,431
4441
3330
.05.20
1631
.05.20
17 60
0,000
37
,431
600,0
00
37,43
1 8
37,43
1 45
4134
30.05
.2016
31.05
.2017
600,0
00
37,43
1 60
0,000
37
,431
637,4
31
37,43
1 46
1269
229
.09.20
1629
.09.20
17 70
0,000
26
,068
700,0
00
26,06
8 72
6,068
26
,068
4712
694
29.09
.2016
29.09
.2017
500,0
00
18,62
0 50
0,000
18
,620
518,6
20
18,62
0 48
1269
529
.09.20
1629
.09.20
17 50
0,000
18
,620
500,0
00
18,62
0 51
8,620
18
,620
4912
696
29.09
.2016
29.09
.2017
500,0
00
18,62
0 50
0,000
18
,620
518,6
20
18,62
0 50
1269
729
.09.20
1629
.09.20
17 50
0,000
18
,620
500,0
00
18,62
0 51
8,620
18
,620
5110
6319
.10.20
1627
.01.20
17 2,
000,0
00
2,00
0,000
36
,986
- -
- -
36,98
6 52
1311
930
.03.20
1730
.03.20
18 70
0,000
13
2 70
0,000
13
2 70
0,132
13
2 53
1312
131
.03.20
1731
.03.20
18 1,
000,0
00
- 1,
000,0
00
- 1,
000,0
00
- 54
1312
231
.03.20
1731
.03.20
18 1,
000,0
00
- 1,
000,0
00
- 1,
000,0
00
- 55
1312
331
.03.20
1731
.03.20
18 1,
000,0
00
- 1,
000,0
00
- 1,
000,0
00
- B
18
,660,0
00
1,09
7,295
18
,975,0
22
19,01
0,000
-
638,2
29
876,7
81
18,62
5,022
-
1,16
6,875
19
,154,4
74
1,51
5,010
IN
VEST
MENT
IN B
ANK
DEPO
SITS,
WIT
H ST
ATE B
ANK
OF IN
DIA
5636
1839
5743
017
.10.20
1617
.02.20
18 50
0,000
14
,984
500,0
00
1,66
5 14
,984
514,9
84
16,64
9 57
2618
3975
562
17.10
.2016
17.02
.2018
500,0
00
14,98
4 50
0,000
1,
665
14,98
4 51
4,984
16
,649
5836
1839
8332
417
.10.20
1617
.02.20
18 50
0,000
14
,984
500,0
00
1,66
5 14
,984
514,9
84
16,64
9 59
3618
3985
015
17.10
.2016
17.02
.2018
500,0
00
14,98
4 50
0,000
1,
665
14,98
4 51
4,984
16
,649
6036
1840
7298
817
.10.20
1617
.02.20
18 50
0,000
14
,984
500,0
00
1,66
5 14
,984
514,9
84
16,64
9 61
3642
9982
176
17.11
.2016
17.03
.2018
1,00
0,000
23
,324
1,00
0,000
2,
592
23,32
4 1,
023,3
24
25,91
6 62
3642
9965
138
17.11
.2016
17.03
.2018
1,00
0,000
23
,324
1,00
0,000
2,
592
23,32
4 1,
023,3
24
25,91
6 63
3642
9983
419
17.11
.2016
17.03
.2018
500,0
00
11,66
2 50
0,000
1,
296
11,66
2 51
1,662
12
,958
C -
- 5,
000,0
00
- -
- 13
3,230
5,
000,0
00
14,80
5 13
3,230
5,
133,2
30
148,0
35
TOTA
L A+
B+C
21,66
0,000
1,
136,0
90
23,97
5,022
19
,010,0
00
- 77
2,101
1,
010,0
11
23,62
5,022
32
,072
1,30
0,105
24
,287,7
04
1,79
6,917
CLOS
ING
BALA
NCES
OF
PRIN
CIPA
L AM
OUNT
AC
CRUE
D IN
TERE
ST
IN
TERE
ST R
ECEI
VED
A GO
I AXI
S B
ANK
BOND
S
0
A
- A
INTE
REST
ON
GOI A
XIS
BANK
BON
DS
133
,872
B
BANK
OF
INDI
A FD
1
8,62
5,02
2
B
1,1
66,8
75
B B
ANK
OF IN
DIA
1
,515
,010
C
STAT
E BA
NK O
F IN
DIA
5,0
00,0
00
C
133,
230
C
STAT
E BA
NK O
F IN
DIA
14
8,03
5
TOTA
L IN
VEST
MEN
T 2
3,62
5,02
2
1,3
00,1
05
TOTA
L IN
TERE
ST IN
COM
E 1
,796
,917
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
50
Schedule VIII : Closing Stock As On 31-3-2017
Sr. No
Particulars Opening Stock
Sale QTY
QuantityMazgaon
Tower
QuantityMazgaonCounter
QuantityBandraCounter
Total Rate Closing Stock Value
` `OWN PUBLICATION
1 Compilation of MVAT Rule C.D 305 0 300 5 0 305 0 1 2 Compilation of Gazette & Notification CD 152 0 152 0 0 152 0.00 1 3 C.J. (CD) New 55 6 49 0 0 49 84 4,116 4 Letter of Authority 11250 502 10500 0 248 10748 0.41 4,407 5 Circular & DDQ CD - 2011 215 0 215 0 215 0 1 6 DDQ CD - 2012 146 0 146 0 0 146 0 1 7 DDQ CD - 2013 2 0 0 2 0 2 0 1 8 37th RRC Papers (Hyderabad) 1 0 1 0 0 1 0 1 9 38th RRC Paper (Jaipur) 53 0 28 25 0 53 0 1 10 39th RRC Paper (New Delhi) 35 0 35 0 0 35 0 1 11 40th RRC Paper (Amritsar) 53 23 30 0 0 30 0 - 12 40th RRC Queries Paper (Amritsar) 48 0 48 0 0 48 0 1 13 Recent Amendments (2013) 22 0 13 9 0 22 0 1 14 Beginners Book - 2013-14 190 8 154 15 13 182 0 1 15 Beginners Book - 2014-15 5 1 4 0 0 4 0 1 16 17th NRRC 1 0 1 0 0 1 0 1 17 MSTT Digest 2009-14 100 50 25 25 0 50 286.98 14,349 18 Seminar Booklet-14.12.2015 7 0 7 0 0 7 0 - 19 Short Publication - LBT 188 0 188 0 0 188 0 1 20 Short Publication - Service Tax 116 45 10 61 0 71 27.77 1,972 21 18th NRRC 21 0 0 21 0 21 - 22 Table Referencers 2015-16 216 211 186 613 0 - 23 Pocket Referencers 2015-16 660 20 40 720 0 - 24 Seminar Booklet-11.05.2016 0 41 0 41 145.31 5,958 25 Seminar Booklet-28.04.2016 3 0 0 3 84.4 253 26 Seminar Booklet 22nd & 23rd Oct 225/- 3 0 0 3 217.45 652 27 Seminar Booklet 22nd & 23rd Oct 150/- 32 0 0 32 103.77 3,321 28 Table Referencers 2016-17 58 171 146 375 308.48 1 29 Pocket Referencers 2016-17 1 13 54 68 84.40 1 30 41st RRC Paper 250/- 0 0 43 43 133.33 5,733
12,965 635 12,879 619 730 14,228 1,476 40,769 Other Publication
1 AIFTP - 2-Day National Tax Conference 0 0 0 0 0 0 0 - 2 V.G. Mehta Ready Reckoner 0 0 0 0 0 0 0 - 3 Law Times MVAT Act 0 0 0 0 0 0 0 - 4 NBC Central Budget 0 0 0 0 0 0 0 - 5 NBC CST Acts 0 0 0 0 0 0 0 - 6 NBC Entry Good Act 0 0 0 0 0 0 0 - 7 NBC Entry of motor vehicle 0 0 0 0 0 0 0 - 8 NBC GST bill 0 0 0 0 0 0 0 - 9 NBC Luxuries Act 0 0 0 0 0 0 0 - 10 NBC Module GST Act 2016 0 0 0 0 0 0 0 - 11 NBC Module GST Law 0 0 0 0 0 0 0 - 12 NBC M-VAT Act 0 0 0 0 0 0 0 - 13 NBC M-VAT Act Marathi 0 0 0 0 0 0 0 - 14 NBC PT 0 0 0 0 0 0 0 - 15 NBC Stamp Act & Rules 0 0 0 0 0 0 0 - 16 The Indian Partnership Act 0 0 0 0 0 0 0 -
0 0 0 0 0 0 0 - Total 40,769
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
51
Sr. No.
Particulars 31-3-2017 `
31-3-2016 `
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 83,712 294,879
5 Accrued Interest Receivable 1,300,105 1,136,089
6 Service Tax 2015-16 (CENVAT) 82,041 33,411
7 Prepaid Expenses for SMS 46,608 275
8 Prepaid Expenses for Repairs and Renewals - 27,066
9 40th RRC – Kinjal Foods - 19,000
10 40th RRC – IRCTC - Refund Receivable 8,479 35,615
11 Receivable from Club7 Holidays (Advertisement Charges)
- 31,500
12 LIC of India (Group Gratuity surrender value) 149,081
Total 1,734,401 1,642,210
Schedule IX : Advances, Receivable and Deposits (Assets)
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
52
Schedule X : Cash & Bank Balances
Schedule XA : Saving & Current Bank A/c
31-3-2017
`
31-3-2016
`
1 With Bank of India – Mazgaon Branch - C/A No. – 1816 886,499 592,350
2 With Bank of India – Mazgaon Branch - C/A No. – 1817 129,081 114,208
3 With Bank of India – Mazgaon Branch - S/B A/C No. – 22635 106,364 101,328
4 With State Bank of India – Mazgaon Branch – C/A No. - 36138179257
10,368 -
Total 1,132,311 807,886
Schedule XB : Cash and Court Fee Stamps Balances
31-3-2016
`
31-3-2015
`
1 Cash on Hand 35,862 17,470
2 Court Fee Stamps 42,000 37,000
Total 77,862 54,470
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
53
Annexure B : Telephone Charges
Particulars 31-3-2017 `
31-3-2016 `
1 Mazgaon Tower 38,708 41,917
2 Mazgaon Library 27,936 25,765
3 Bandra Library 4,273 3,959
Total 70,917 71,641
The Goods & Services Tax Practitioners' Association of Maharashtra
Annexure A : Expenses on Human Resources
Particulars 31-3-2017 `
31-3-2016 `
1 Salaries 951,113 922,020
2 Staff Leave Encashments 59,217 216,780
3 Bonus to Staff 58,306 79,085
4 Employers Cont. to P.F. 73,768 76,074
5 Medical Allowance 89,133 79,085
6 Gratuity Paid 180,717 57,561
7 Staff Welfare 39,014 28,048
Total 1,451,268 1,458,653
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
54
Annexure C : Journal (Sales Tax Review) A/c for the Year Ended 31-3-2017
Year Ended
31-3-2016 `
Expenditure Year Ended 31-3-2017
`
Year Ended 31-3-2016
`
Income Year Ended 31-3-2017
`
1,107,470 Paper & Printing Charges of Journal
1,223,874 401,000 Subscription from 356,000
Non-Members (356 x 1000)
334,800 Subscription Charges for 356,400
130,057 Postal & Courier Charges
120,976 S.T.R. from Life Members (594 x 600)
75,000 Advertisements Receipts 64,500
3,579 Interest on Saving A/c 4,136
with bank
600 Retail Sales 4,950
1,237,527 Total Expenses 1,344,850 814,979 Total Income 785,986
422,548 Excess of Expenses over 558,864
Income
1,237,527 Total 1,344,850 1,237,527 Total 785,986
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
55
Statement of Books as on 31-3-2017
Annexure D
Own Publication A B C D E
Op. Stock`
Purchases`
Sales`
Cl. Stock `
Surplus`
Books & Bulletin A/c 40,875 158,122 200,065 32,248 33,316
CJCD 4,620 - 1,200 4,116 696
Sale of Forms (L. A.) 4,613 - 500 4,407 294
Total 50,108 158,122 201,765 40,770 34,306
Opening Stock A 50,108 Sales C 201,765
Add:- Purchase B 158,122 Add:- Closing Stock D 40,770
208,229 242,535
Surplus 34,306
Total 242,535 242,535
Annexure D-I
Own Publication A B C D E
Op. Stock`
Purchases`
Sales`
Cl. Stock `
Surplus`
New Book Corporation - 22,706 30,208 - 7,502
Law Times Bombay - 4,860 6,480 - 1,620
V.G.Mehta I.T.R.R. 450 25,500 34,600 - 8,650
MCTC - Budget Book - 4,200 4,200 - -
All India Fed. TP (17th Convention) - 20,520 25,860 - 5,340
Total 450 77,786 101,348 - 23,112
Opening Stock A 450 Sales C 101,348
Add:- Purchase B 77,786 Add:- Closing Stock D -
78,236 101,348
Surplus 23,112
Total 101,348 101,348
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
56
An
nex
ure
E :
Acc
oun
ts f
or R
efer
ence
r 20
16-1
7
Expe
nditu
reAm
ount
`
Inco
me
Amou
nt
`ST
PAM
Ref
eren
cer
STPA
M R
efer
ence
r :—
6045
x30
8.47
= 1
,864
,726
Sa
le75
x30
8.48
= 2
3,13
6 Sa
le18
09x
350
= 6
33,1
50
Sale
3730
x32
0 1
,193
,600
56
14 1
,849
,886
1
,849
,886
Po
cket
Ref
eren
cer
1000
x84
.4=
84,
400
Pock
et R
efer
ence
r :—
Am
ount
pai
d to
Fin
esse
Gra
phic
s Pr
ints
Pvt
. Ltd
. & F
ines
se M
ultim
edia
1,9
49,1
26 S
ale
932
x10
0=
93,
200
1,9
49,1
26
932
93,
200
93,
200
Clos
ing
Stoc
k Re
fere
ncer
SM
S Ch
arge
s 6
,586
Ref
eren
cers
375
x30
8.48
= -
Pock
et R
efer
ence
rs37
5x
308.
48=
- -
1,9
55,7
12
1,9
43,0
86
Com
plim
enta
ry R
efer
ence
r :—
56x
308.
48=
17,
275
Com
plim
enta
ry P
ocke
t Re
fere
ncer
:–0
x0.
00=
- De
ficit
12,
626
Tota
l 1
,955
,712
Tot
al 1
,955
,712
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
57
Annexure F : Details of Library Expenses
Sr. No.
Particulars 31-3-2017 `
31-3-2016 `
1 Newspapers & Periodicals & STC Online 65,739 63,860
2 Electricity Charges 41,849 67,992
3 Bandra Office Expenses 9,052 7,666
4 Book Binding Charges - -
5 Library Cleaning Charges 13,205 10,300
6 Subscription Membership (IMC) 8,000 3,648
7 Misc. Expenses & Cleaning Materials 918 8,279
138,763 161,745
Less : Sale of Raddi 1,065 1,150
Total 137,698 160,595
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
58
Annexure GI : Account for full Day Seminar on 28th April, 2016 Navin Thakkar Auditorium, Vile Parle, Mumbai
Expenditure Amount ` Income Amount `Auditorium Charges 64,121 Delegate Fees 481 x 1250 601,250
1 x 1300 1,300 A.C & Electricity Charges 19,590
Non Members 105 x 1650 173,250 Catering Charges 328,185 587 775,800 775,800
Xerox Charges 263
Memento to DelegatesFolder (530 x 15.19) 8,049 Pen (525 x 7.91) 4,154 Writing Pad (544 x 5) 2,720
14,923 14,923
Memento to Speaker 17,100
Photo Charges & Video Shooting 19,925
Printing Charges of BooksThe Goods & Services Tax Act, 2016 (587*84.40)
49,543
SMS Charges 4,428
Misc. Expenses 12,334 530,412 775,800
Surplus 245,388
Total 775,800 Total 775,800
Expenditure Amount ` Income Amount `Cost of Balance Paper 1,097 Sale of Papers 1,200 (13 x 84.40) (10 x 120)Surplus Stock of Papers(Trs to Books & Bulletin A/c) 356 (3 x 84.40) 253
1,453 1,453
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
59
Annexure GII : Account for full Day Seminar on 11th May, 2016 Maharashtra Chamber of Commerce, Kala Ghoda, Mumbai
Expenditure Amount `
Income Amount `
Delegates FeesAuditorium Charges 14,560 (Excluding Service Tax)
Members 194 x 1250 242,500 Catering Charges 130,350
Non Members 38 x 1650 62,700 Xerox Charges 1,200 232 305,200 305,200 Memento to Delegates Advertisement Fees 10,000 Folder (237 x 15.19) 3,600 (DDP Consultancy Pvt Ltd)Pen (237 x 9.63 ) 2,282 Writing Pad (228 x 5) 1,140
7,022 7,022 Closing Stock - Pen 13 x 9.63 125
Memento to Speaker 4,165 Folder 15 x 15.19 227 352
Photo Charges & Video Shooting 17,005 LESS:- Transferred to Printing & Stationery
Printing Charges of Books Pen 13 x 9.63 125 The Goods & Services Tax Act, 2016 (237*145.31)
34,438 Folder 15 x 15.19 227
352 SMS Charges 7,497 Misc. Expenses 8,018
224,256 315,200 Surplus 90,944 Total 315,200 Total 315,200
Expenditure Amount ` Income Amount `
Cost of Balance Paper 12,061 Sale of Papers 7,560 (83 x 145.31) (42 x 180)Surplus Stock of Papers(Trs to Books & Bulletin A/c) 1,457 (41 x 145.31) 5,958
13,518 13,518
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
60
Annexure GIII : Account for Two full Day Seminar on 22nd & 23rd Oct, 2016 Navin Thakkar Auditorium, Vile Parle, Mumbai
Expenditure Amount `
Income Amount `
Delegate FeesAuditorium Charges 126,470 (Excluding Service Tax)
Members 388 x 2348 911,024 A.C & Electricity Charges 25,709
Non Members 64 x 2870 183,680 Catering Charges 517,500 452 1,094,704 1,094,704 Xerox Charges 432 Kit to DelegatesFolder (Del 452 x 32.916 ) 14,878 Complementary (Del 3 x 32.916) 99 Pen (Del 452 x 10.07) 4,552 Balance of Stationery - Complementary (Del 3 x 10.07) 30 Folder 45 x 32.916 1,481 Writing Pad (Del 452 x 16) 7,232 Pen 45 x 10.07 453 Complementary (Del 3 x 16) 48 Pad 45 x 16.00 720
26,839 26,839 2,654 LESS: Transferred to
Memento to Speaker 9,566 Printing & StationeryFolder 45 x 32.916 1,481
Photo Charges & Video Shooting 37,000 Pen 45 x 10.07 453 Pad 45 x 16.00 720
Printing Charges of Books The Goods & Services Tax Act, 2016
147,735 2,654
GST Law @ 150/- (460 X 103.773)
47,736
Module GST Law @ 225/- (460 X 217.391) 99,999 SMS Charges 11,961 Misc Expenses 11,774
914,987 1,094,704 Surplus 179,717 Total 1,094,704 Total 1,094,704
Expenditure Amount ` Income Amount `Cost of Balance Paper 137,764 Sale of Papers 146,275 (123*103.773) 12,764 (157*250) 39,250 (575*217.391) 125,000 (415*225) 93,375
(91*150) 13,650
Surplus Stock of Papers 3,973 (Trs to Books & Bulletin A/c) 12,484 (32*103.773) 3,321
(3*217.39) 652
150,248 150,248
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
61
An
nex
ure
GIV
: P
rop
orti
onat
e A
ccou
nts
for
Joi
nt
Wor
ksh
op o
n M
vat,
Ser
vice
Tax
an
d A
llie
d L
aws
for
the
year
20
16-1
7
Expe
nditu
reST
PAM
B
CAS
CTC
A
IFTP
M
CTC
WIR
C T
OTA
L In
com
eST
PAM
B
CAS
CTC
C
TC
AIFT
P M
CTC
WIR
C T
OTA
L
Del
egat
e Fe
es M
embe
r
Tea
Bill
/ Sn
acks
2,2
99
- -
- -
2,2
99 D
eleg
ates
(Nos
) 2
4 6
1
4
Fees
Per
Mem
ber
(Exc
. S.
T.)
2,0
00
1,9
91
2,0
00
1,9
91
Xero
x Ch
arge
s 2
85
- -
- -
285
Tot
al F
ees
48,
000
11,
946
2,0
00
7,9
64
Fees
for
F Y
2016
-17
(A)
Mem
ento
to
Spea
ker
270
-
- -
- 2
70 (
2 ou
t 8 L
ectu
res)
12,
000
2,9
87
500
1
,991
1
7,47
8
SMS
Char
ges
- -
- -
- -
Dele
gate
s Fe
es
Non
Mem
bers
Dele
gate
s (N
os)
5
8
4
-
Fees
Per
Mem
ber
(Exc
. S.
T.)
2,5
00
2,4
89
2,4
89
-
Tota
l Fee
s 1
2,50
0 1
9,91
2 9
,956
-
Fees
for
FY 2
016-
17
(B)
(2 o
ut 8
Lec
ture
s) 3
,125
4
,978
2
,489
-
10,
592
Tota
l Exp
ense
s 2
,854
-
- -
- -
2,8
54 T
otal
Inco
me
(A+
B) 1
5,12
5 7
,965
2
,989
1
,991
-
- -
28,
070
Part
icu
lars
ST
PAM
B
CA
S
CT
C
AIF
TP
M
CT
C
WIR
C
Tot
al
No.
of
Del
egat
es 2
9 1
4 9
-
-
-
5
2
Tota
l In
com
e 1
5,12
5 7
,965
4
,980
-
-
-
2
8,07
0
Tota
l E
xpen
ses
2,8
54
-
-
-
-
-
2,8
54
Rec
eiva
ble/
Paya
ble
12,
271
7,9
65
4,9
80
-
25,
216
Sh
are
of T
otal
Su
rplu
s 4
,203
4
,203
4
,203
4
,203
4
,202
4
,202
2
5,21
6
Net
Pay
able
/ R
ecei
vabl
e 8
,068
3
,762
7
77
(4,
203)
(4,
202)
(4,
202)
25,
214
Rou
nd
ing
Off
2
Tota
l 8
,068
3
,762
7
77
(4,
203)
(4,
202)
(4,
202)
25,
216
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Annexure GV : Proportionate Accounts for Joint Workshop on MVAT at Malad 2016-17 Accounts For the year 2016-17
Expenditure STPAM MCTC TOTAL Income STPAM MCTC TOTAL
Delegate Fees -
Hall Booking Chgs SNDT
- 44,800 44,800 Member - 98
Fees Per Member 1,750
Pen/Pad/Folder - 6,308 6,308 Total Fees 171,500 171,500
Memento to Speaker - 5,523 5,523 Delegates Fees
Non Member - 1
Photographer Exps - 11,000 11,000 Fees Per Member - 2,500
Total Fees 2,500 2,500
Snacks Exps. - 49,770 49,770
Misc. Exps. - 5,106 5,106
SMS Charges - - -
Total Expenses - 122,507 122,507 Total Income - 174,000 174,000
Particulars STPAM MCTC Total
No. of Delegates - 99 99
Total Income - 174,000 174,000
Total Expenses - 122,507 122,507
Receivable/Payable - 51,493 51,493
Share of Total Surplus 25,747 25,747 51,493
Net Payable/ Receivable (25,747) 25,747 -
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
63
An
nex
ure
GV
I: A
ccou
nts
for
Joi
nt
Wor
ksh
op o
n G
ST,
MV
AT,
an
d S
ervi
ce T
ax 2
016-
17
Expe
nditu
re S
TPAM
B
CAS
CTC
A
IFTP
M
CTC
WIR
C T
OTA
L In
com
eST
PAM
B
CAS
CTC
AI
FTP
MCT
C W
IRC
TO
TAL
Dele
gate
Fee
s:-
Tea
Bill
/ Sna
cks/W
ater
114,
709
710
-
- -
- 1
15,4
19 (
Excl
udin
g Se
rvic
e Ta
x)
Xero
x Ch
arge
s 3
8,26
6 -
- -
- -
38,
266
MEM
BERS
Dele
gate
s (N
os.)
21
20
27
3
- -
Mem
ento
to S
peak
er 1
2,37
7 -
- -
- -
12,
377
Fees
per
Mem
ber
1,7
40
1,7
39
1,7
39
1,7
39
1,7
39
1,7
39
Tota
l Fee
s 3
6,54
0 3
4,78
0 4
6,95
3 5
,217
-
- 1
23,4
90
Fold
er, C
onf.
Pad
& Pe
n 5
,750
-
- -
- -
5,7
50
Mis
c Ch
arag
es 4
00
534
-
- -
- 9
34 N
ON
-MEM
BERS
Dele
gate
s (N
os.)
9
92
24
5
- -
SMS
Char
ges
1,1
06
- -
- -
- 1
,106
Fee
s pe
r M
embe
r 2
,174
2
,174
2
,174
2
,174
2
,174
2
,174
Tota
l Fee
s 1
9,56
6 2
00,0
08
52,
176
10,8
70
- -
282
,620
Bann
er C
harg
es 1
,166
-
- -
- -
1,1
66
Phot
ogra
pher
cha
rges
1,5
00
- -
- -
- 1
,500
Tota
l Exp
ense
s17
5,27
4 1
,244
-
- -
- 1
76,5
18 T
otal
Inco
me
(A
+B)
56,
106
234
,788
9
9,12
9 16
,087
-
- 4
06,1
10
Part
icu
lars
ST
PAM
B
CA
S
CT
C
AIF
TP
M
CT
C
WIR
C
Tot
al
No.
of
Del
egat
es 3
0 1
12
51
8
-
-
201
Tota
l In
com
e 5
6,10
6 2
34,7
88
99,
129
16,
087
-
-
406
,110
Tota
l E
xpen
ses
175
,274
1
,244
-
-
-
-
1
76,5
18
Bal
ance
(1
19,1
68)
233
,544
9
9,12
9 1
6,08
7 -
-
2
29,5
92
Sh
are
of T
otal
Su
rplu
s 3
8,26
6 3
8,26
6 3
8,26
5 3
8,26
5 3
8,26
5 3
8,26
5 2
29,5
92
Paya
ble/
(R
ecei
vabl
e)(1
57,4
34)
195
,278
6
0,86
4 (
22,1
78)
(38
,265
) (
38,2
65)
-
Ch
equ
es t
o be
iss
ued
:
BC
A t
o S
TPA
M 1
95,2
78
(19
5,27
8) -
CT
C t
o S
TPA
M 6
0,86
4 (
60,8
64)
-
ST
PAM
to
AIF
TP
(22
,178
) 2
2,17
8 -
ST
PAM
to
MC
TC
(38
,265
) 3
8,26
5 -
ST
PAM
to
WIR
C (
38,2
65)
38,
265
-
Bal
ance
-
-
-
-
-
-
-
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Annexure H : Proportionate Accounts for Intensive Study Circle Meeting 2016-17 From 1st October, 2016 to 31st March, 2017
Expenditure Amount Income Amount
Tea Bill / Snacks 39,881 Delegates Fees Received 95,627
(Excluding Service Tax)
11 Lectures out of 15
Members : 110
Xerox Charges 6,346 Fees per Member 1,000
Total Fees 110,000
Memento to Speaker 5,200 Fees for FY 2016-17 80,667
SMS Charges 4,797 Non Members : 17
Fees per Non Member 1,200
Total Fees 20,400
Fees for FY 2016-17 14,960
TOTAL 56,224
Surplus 39,403
Total 95,627 Total 95,627
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
65
Annexure I : Accounts for 31st Batch of Coaching Class 2016-17
Expenditure Amount Income Amount
Tea Bill / Snacks 14,019 Delegates Fees Received
148,928
(Excluding Service Tax)
Xerox Charges 19,401 Members :
82 x 1304 = 106,928
Memento to Speaker 14,307 Non-Members :
21 x 2000 = 42,000
Misc. Charges 30 103 148,928
Photo Charges 3,000
SMS Charges 3,320
Printing books for students 46,000
(Qty 100 x 460)
Printing of Certificates (105 x 42.4)
4,452
Courier Charges 195
Referencer 16-17 Complementary
75 x 308.47 23,135
TOTAL 127,859 148,928
Surplus 21,069
Total 148,928 Total 148,928
Annexure J : Accounts for Orientation Course On Model GST Law 2016-17
Expenditure Amount Income AmountTea Bill / Snacks 29,498 Delegates Fees Received 99,000
Members :Xerox Charges 501 66 X 1500 = 99,000
Non Members :Memento to Speaker 3,500 0 X 0 = -
0 99,000
Misc. ChargesPhoto Charges 1,500 SMS Charges 3,201
TOTAL 38,200 Surplus 60,800 Total 99,000 Total 99,000
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Annexure K: Accounts for Triangular Box Cricket Tournament 2016-17
Expenditure STPAM MCTC CTC TOTAL Income STPAM MCTC CTC TOTAL
Delegate Fees:
Rent of Ground & Cleaning
20,000 8,400 - 28,400 (Excluding Service Tax )
Food & Others - 26,460 - 26,460
Delegates (Nos.) 22 22 24
Umpire & Scorer - 5,500 - 5,500 Fees per Member 521 600 521
Total Fees 11,462 13,200 12,504 37,166
Banners - - 4,746 4,746
Sale of Food Coupons - 4,000 174 4,174
Trophy 4,131 - - 4,131
Mandap Decorator & Lights
- 3,000 - 3,000
Photographer Charges - - 2,500 2,500
Bat & Balls & Caps - 1,700 - 1,700
Tips/Conveyance/Xerox etc.
- 250 310 560
First Aid & Energy Drink
145 288 433
SMS Charges -
Total Expenses 24,131 45,455 7,844 77,430 Total Income (A + B) 11,462 17,200 12,678 41,340
Particulars STPAM MCTC CTC Total
No. of Delegates 22 22 24 68
Total Income 11,462 17,200 12,678 41,340
Total Expenses 24,131 45,455 7,844 77,430
Receivable/Payable (12,669) (28,255) 4,834 (36,090)
Share of Loss of Each Association (12,030) (12,030) (12,030) (36,090)
Net Payable/ Receivable (639) 16,225) 16,864 -
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
67
Annexure L: Account for 41st RRC at Kochi, between 9th February, 2017 to 12th February, 2017
EXPENDITURE AMOUNT INCOME AMOUNT
Hotel Charges 1,886,759 Delegates Fees (Excluding Service Tax) 2,928,675
Pre-Visit Expenses 48,971 Less :- Refund of Delegates Cancelled 92,958
Less :- Refund of Train Tickets 51,656
Xerox Charges 100 144,614 2,784,061
RRC Misc. Expenses 44,940
RRC Folder , Pen & Writing Pad
SMS Charges 5,616 Folder ( 14 x 42.4 ) 594
Pen ( 14 x 25.5 ) 357
Train Ticket Charges 2,400 Pad ( 24 x 6.50 ) 156
Less : Train Cancelled Receivable from IRTC
- 2,400 Cotton Caps ( 7 x 47.7 ) 334
1,441
Bus Charges 143,630 LESS :- Transferred to Printing & Stationry A/c
Folder ( 14 x 42.4 ) 594
Boat Ticket Charges 40,000 Pen ( 14 x 25.5 ) 357
Pad ( 24 x 6.50 ) 156
Events Charges 398,221 Cotton Caps ( 7 x 47.7 ) 334
1,441
Memento to Chief Guests/Speakers
Pendrive (16 x 636) 10,176 Advertisment 5,000
Trofee 12,774 22,950
RRC Folder , Pen & Writing Pad
& Delegates Mementos
Folder (156 x 42.4) 6,614
Pen (156 x 25.5) 3,978
Pad (156 x 6.50) 1,014
Cotton Caps (233 x 47.7) 11,114 22,721
RRC Paper Printing Charges (156*133.33)
20,800
Total Expenses 2,637,107
Surplus 151,954
2,789,061 2,789,061
Expenditure Amount ` Income Amount `
Cost of Balance Paper 7,200 Sale of Papers 2,750 (54 x 133.33) (11 x 250)Surplus Stock of Papers(Trs to Books & Bulletin A/c) 1,283 (43 x 133.33) 5,733
8,483 8,483
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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ANNEXURE M : ORDINARY MEMBERSHIP FEES
31.03.2017 31.03.2016
` `
Local - Ordinary
` 1500 x 1282 Members 1,921,500
` 1500 x 1338 Members (Prev. Year) 2,007,000
Outstation - Ordinary
` 1250 x 916 Members 1,145,000
` 1250 x 953 Members (Prev. Year) 1,191,250
Total 3,066,500 3,198,250
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
69
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 ' K '
The Schedules/Annexures referred to above form an integral part of the Balance Sheet as at 31st March, 2017 and Income and Expenditure Account for the year ended 31st March, 2017.
As per our report of even date For Sheth Doshi and Associates (Regd.) Chartered Accountants Firm No. 110052W
B. M. Doshi Place : Mumbai Proprietor Dated : 14-6-2017 Mem. No. 017370
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Speaker of Study Circle
Past President Adv. P. C. Joshi – Speaker addressing the delegates at the Inaugural Study Circle Meeting
3rd August, 2016
Pranav Kapadia Vice President
19th August, 2016 16th September, 2016
Shri Punit Mehta – Speaker addressing members on the
topic of ‘Use of Tally Software in preparing VAT Annexures’
Shri Pramod Kudtarkar – Speaker addressing members on the
topic of ‘Use of Tally Software in preparing GST Annexures’
15th December, 2016
CA Atul Bheda, Speaker addressing members at ‘Arvind Thakkar Memorial Lecture’
Arvind Thakkar Memorial Lecture held on 18th October, 2016
Shri Mukund Chitale Speaker addressing the delegates
Shri Suhas Padhye Speaker addressing the delegates
6th February, 2017
14th June, 2017
Shri Sachin Gandhi
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
71
Seen from L-R : S/Shri Jt. Secretary Raj P. Shah, Treasurer Pradip Kapadia, Vice President Pranav Kapadia, President Dr. Shashank Dhond, Deputy Commissioner of Sales Tax Nitin Shaligram, Deputy Commissioner of Sales Tax Gajanan Khanande, Assistant Commissioner of Sales Tax Chandrakant Kumbhare and Sachin Gandhi - Speaker
Mega Guidance Cell held on 6th January, 2017
Seen from left to right: Treasurer Pradip Kapadia; Shri S. G. Morale, Additional Commissioner of Sales Tax; Shri L. K. Giri, Additional Commissioner of Sales Tax; Shri Rajiv Jalota, Commissioner of Sales Tax; President Dr. Shashank Dhond; Shri V. C. Pichad, Joint Commissioner of Sales Tax; Shri Rajeev Agrawal, Senior Vice President, GSTN; Vice President Pranav Kapadia; Mega Guidance Cell Committee Convenor
D. V. Phad; Jt. Secretary Raj Shah
Inaugural Mega Guidance Cell Meeting 10th August, 2016
Shri Subhash Gopinath Morale – Additional Commissioner of Sales Tax inaugurating 1st Mega Guidance Cell Meeting by lighting lamp
Mega Guidance Cell-cum-Study Circle Meeting, held on 16th September, 2016
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Two Day Seminar on GST held on 22nd and 23rd October, 2016 at Mumbai
Seen from L/R: Treasurer Shri Pradeep Kapadia, Past President P. C. Joshi, President Dr. Shashank Dhond, Vice-President Shri Pranav Kapadia, Jt. Secretary Shri Raj Shah, Jt. Convenor of GST Committee Ashit Shah
Two Days Seminar on GST held on 13th-14th May, 2017 at Navin Thakkar Hall, Mumbai
From L to R: Jt. Convenor GST Committee Vinod Mhaske, Jt. Secretary Raj Shah, Jt Convenor GST Committee Ashit Shah, Past President P. V. Surte, Past President S. S. Gaitonde, President Dr. Shashank Dhond, Vice-President Pranav Kapadia, Treasurer Pradip Kapadia, Jt. Secretary Dinesh Tambde
Group Photo of all delegates
1st Outstation Seminar at Alibaug 4th August, 2016
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
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Full Day Seminar on GST held on 5th November, 2016 at Thane
Seen from L/R: Shri Vijay Kewalramani, President of Tax Friends; Shri Pranav Kapadia, Vice-President, STPAM; Shri Chagan Bhanushali, President, Tax Practitioners’ Association, Thane; Dr. M. V. K. Moorthy, National President, All India Federation of Tax Practitioners; Shri Chirag Parekh, Chairman, All India Federation of Tax Practitioners (Western Zone) and Shri A. K. Ansari, President of Bhiwandi Tax Practitioners’ Association
Full Day Seminar on GST held on 26th October, 2016 at Nashik
Seen from L/R: Shri Satish Boob; Shri Chirag Parekh, Chairman, All India Federation of Tax Practitioners (Western Zone); Shri Santosh Mandlecha, Vice-President, Maharashtra Chamber of Commerce, Industry and Agriculture; Past President Shri J. D. Nankani; Dr. Shashank Dhond, President, The Sales Tax Practitioners’ Association of Maharashtra
Full Day Seminar on GST, VAT and Income Tax held on 5th November, 2016 at Malvan
Seen from L/R: Dr. Shashank Dhond, President, STPAM; Shri Ishaan Patkar, Speaker; Shri Girish Samant; Shri Vinayak Patkar, Past President
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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Full Day Seminar on GST jointly with Income Tax and Sales Tax Practitioners' Association (Library Trust) along with Solapur Branch of WIRC of ICAI held on
2nd December, 2016 at Solapur
President Dr. Shashank Dhond inaugurating Seminar by lighting the lamp
Full day seminar on GST jointly with Vidarbha Tax Practitioners' Association along with All India Federation of Tax Practitioners (WZ)
held on 10th December, 2016 at Nagpur
Seen from left to right S/Shri Narendra Jha, President, VTPA; Pranav Kapadia, Vice President, STPAM; Santosh Gupta, Chief Guest Hon. Justice Shri P. B. Varale, Judge, Bombay High Court; Guest of Honour Shri P. K. Agrawal, Joint Commissioner of Sales Tax (Nagpur Division); Mahendra Jain, President, STBA Nagpur; M. Srinivasa Rao, Secretary General, AIFTP
66th Annual Report
Sagacity, Service, Solidarity Leads to Success
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19th NRRC was held on 11th & 12th November, 2016 at Pune
Seen from left to right S/Shri Dr. Shashank Dhond, President, STPAM; Samir Jani, Vice President, AIFTP; Milind Bhonde; Chirag Parekh, Chairman, AIFTP (WZ); Vijay Kewalramani, Hon. Secretary, AIFTP (WZ); Dr. M. V. K. Moorthy, National President, AIFTP; Hon’ble Mr. Ashwinikumar P. Deore, President, Maharashtra Sales Tax Tribunal; Hon’ble Mrs. Sushma Chowla, Judicial Member, ITAT, Pune; Prakash Joglekar; Pranav Kapadia, Vice President, STPAM and Deepak Godse, President, WMTPA
Shri C. B. Thakar, Past President inaugurating Intensive Study Course by lighting lamp
Intensive Study Course held on 1st October, 2016
The Goods & Services Tax Practitioners’ Association of Maharashtra Sagacity, Service, Solidarity Leads to Success
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On dais seen from L to R: S/Shri Adarsh Parekh, President, Malad Chamber of Tax Consultants; Kamlesh Saboo, Secretary of WIRC of ICAI; Hitesh Shah, President, Chamber of Tax Consultants; Chirag Parekh, Chairman, All India Federation of Tax Practitioners’ (WZ); Dr. Shashank Dhond, President, STPAM; Rajat Talati; Pradip Kapadia, Chairman, Joint Workshop Committee
Joint Workshop on GST, MVAT and Service Tax held on 21st January, 2017
31st Batch of Coaching Class on VAT and GST was held on 22nd November, 2016
Seen from L/R: Coaching Class Committee Jt. Convenor Shri Sunil Joshi; President Dr. Shashank Dhond; Smt. Sujata Rangnekar; Jt. Secretary Shri Raj Shah; Coaching Class Committee Jt. Convenor Shri Aditya Surte
Mock Tribunal held on 18th March, 2017
Shri Ashwinikumar Deore, President of Maharashtra Sales Tax Tribunal inaugurating Mock Tribunal by lighting the lamp
Last inside Cover
Orientation Course on GST held on 19th December, 2016 at STPAM Library Hall, Mumbai
Seen from left to right: GST Committee Jt. Convenor Vinod Mhaske; Jt. Secretary Raj Shah; President
Dr. Shashank Dhond; Shri Dhaval Talati; GST Committee Jt. Convenor Ashit Shah
Seen from L to R: S/Shri Jt. Secretary Raj Shah; Treasurer Pradip Kapadia; President Dr. Shashank Dhond; Chairman of Constitution Amendment Committee P. C. Joshi; Vice President Pranav Kapadia; Jt. Secretary Dinesh Tambde
Special General Meeting held on 17th march 2017
Foundation Day held on 17th November, 2016
Past Presidents and Office Bearers on the occasion of Foundation Day
Last Cover
Representation letter regarding extension of due date of Amnesty Scheme on 21-9-2016
41st Residential Refresher Course, at Hotel Radisson Blu, Kochi from 9th February, 2017 to 12th February, 2017
International Study Tour Organised by Club 7 Holidays Ltd. At USA
Team STPAM gave representation letter regarding extension of due date of Amnesty Scheme to Hon’ble Finance Minister of Maharashtra State Shri Sudhir Mungantiwar at Devgiri Bungalow on 21-9-2016
Hon’ble Mr. Dama Sheshadri Naidu, Justice, Kerala High Court with Managing Committee Members of STPAM and Past Presidents
Seen from L to R : Shri C. B. Thakkar, Dr. Shashank Dhond, President