BCAS President CA. Sunil Gabhawalla's Message for the Month of September 2018


Dear Members,

The month of August, named after Augustus, the first Roman Emperor is also celebrated as the “Happiness Happens Month”. Even though it may sound trivial, it does have a very important purpose. The month reminds us that happiness happens one small moment at a time and it’s our job to recognize those moments when they happen. It reminds us that sometimes a small action boosts our happiness. It reminds us that happiness is a personal experience and it’s also contagious! So, step back and reflect, what were your happy moments during the last month? When did you make someone else happy?

Happiness was what a team of 37 volunteers witnessed when they visited the tribal areas of Dharampur as a part of the social initiative of BCAS Foundation. Members and students were thrilled to spend two days together with lots of fun during the journey to visit various social and religious projects coupled with the environmental initiative of tree plantation.

The BCAS Foundation also had the privilege of jointly hosting the 3rd Narayan Varma Memorial Lecture Series, where Mr. Vallabh Bhansali spoke on an interesting topic of “Re-building India”. In a thought-provoking session, he highlighted that the key stake-holders of this re-building exercise would be the Government, private enterprise, charities and individuals and that each of these stake-holders should work in close co-ordination for optimal results. As the Hon’ble Prime Minister rightly said in his Independence Day Speech, “When 125 crore countrymen become partners, then each and every citizen joins us in the progress of the country”

The recent natural disaster in Kerala requires necessarily this type of co-operative effort. While the immediate work of rescue and relief is more or less taken care of, experience suggests that rehabilitation is perhaps something which is frequently neglected. BCAS Foundation is in the process of identifying a suitable rehabilitation project in the field of education and would endeavour to create a visible long term impact by direct or assisted intervention. I request the members to contribute generously to this noble cause.

Technology was the flavour of the month at the Society. While delivering an insightful talk on the “Impact of Technology on the Role of Auditors”, Mr. P. R. Ramesh minced no words while pointing out that only those CA firms would survive that would accept change and flow with the flood of technology impacting every aspect of human life. A week later, the talk on “GSTN Portal – Experiences” by the GSTN CEO Mr. Prakash Kumar, showcased the benefits of technology in improving data analytics. This was soon followed by an interactive session with Mr. Purushottam, from TRACES and Mr. Deepak Wayal from NSDL. A common thread across all the three meetings was that technology will play a larger disruptive role than ever, especially in the manner in which the profession conducts its’ activities.

The 22nd International Tax and Finance Conference, 2018 held at Ahmedabad was a grand success with a record number of participants. Residential course not only provide the members with the specialised technical knowledge on the respective domains but also foster networking amongst the members, presenting further opportunities of growth, all in a relaxed and luxurious environment. The Seminar and Membership Development Committee is in the advanced stage of finalisation of the 52nd Residential Refresher Course and the members can expect the announcement very soon. Some innovative ideas are being implemented at this RRC and I would urge the members not to miss this event.

There were many more activities at the Society – a visit to Reliance Industries Limited to understand their consolidation process, a two day event on “Internal Audit – Let’s start at the very beginning”, full day seminar on “Tax audit including new amendments therein”, lecture meeting on “Proposed GST Returns Formats”. A common thread across all these events was the huge turnout. In fact, for four of the paid workshops, we had to close enrolments and turn down last minute requests. I would earnestly request all the members to enrol early to avoid disappointment. The Committees curate the best of the programs for our members and early enrolment helps them in planning the events better.

I would be glad to receive any feedback or suggestions on the functioning of the Society, events and publications that you would like to witness, or any other matter concerning the profession.

Do write to me at president@bcasonline.org

With kind regards

CA. Sunil Gabhawalla






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