BCAS Vice President Sunil Gabhawalla's Message for the Month of March 2018

March - 2018
BCAS Vice President Sunil Gabhawalla's Message for the Month of March 2018

Dear Members

The GST Council met for the 26th time on 10th March 2018 and announced the rollout of e-way bill system for inter-state movement of goods valued over Rs. 50,000 from 1st April 2018. The Council, however, did not reach a consensus on the proposed simplification of returns filing process as the tax bureaucracy emphasised on removing any scope for evasion while moving towards an easier return filing process. As the financial year draws to a close, a continued suspense on the way forward could be detrimental to trade and long-term development of the GST Law.

To address the issues of profession and challenges faced by the CA Firms, review the regulatory impediments and learn the possible changes in this regard for strengthening and developing the capacity of Indian CA Firms, the Society had organised a Fireside Chat with Mr. M. Damodaran, CA. Mukund Chitale & Padma Shri CA. T. N. Manoharan. The Chat was anchored by CA. Himanshu Kishnadwala. A video recording of the said Chat has been uploaded on the Youtube Channel. In the context of the recent development relating to the profession, the Chat assumes greater importance and the members may take benefit of the same.

As mentioned in the last Newsletter, the Society has decided to discontinue the Newsletter from financial year 2018-2019 and hence this will be last Newsletter. Indeed, the birth of the newsletter was envisaged to facilitate speedy transmission of information about various programs and announcements to the members.

This objective remains unchanged but the context has changed. Therefore, instead of having a separate newsletter, a specific feature in the Journal will regularly include all event announcements. This decision will not only result in saving of cost to the Society but also permit a wider reach for the events since the Journal reaches to non-members as well.

Technology has opened up speedier and cost-effective means of communications. Your Society intends to use them more effectively to improve its channels of communication. All the announcements are uploaded on the Society’s website www.bcasonline.org along with various other content. The Vice President will continue to interact with the members every month electronically.

The Society will also be sending email announcements for individual events as well as a consolidated forthcoming event list. It is therefore important that your email address is correctly recorded in the Society’s records and your email software is configured to receive emails from the Society. In case you are not receiving emails from us, we request you to write to us immediately so that we can rectify the situation and add you into our mailing list.

The Society is active on various social media like LinkedIn, Facebook and Twitter. It recently crossed the 20k mark of followers on social media. All event announcements will also be uploaded on these social media, thus permitting a much wider reach for its events. I would earnestly request all the members to connect with ‘bcasglobal’ on these social media and stay connected with the latest happenings at the Society.

Your Society has lined up a series of educational programs and intensive courses, the details whereof are available elsewhere in the newsletter. I would request you to participate in large numbers and take benefit of the same.

With warm regards


Yours truly

CA. Sunil Gabhawalla