Western India Regional Council of
The Institute of Chartered Accountants of India

Chairperson Communication

Chairperson WIRC

Dear Professional Colleagues,

‘Every Summer has a Story’. And this summer India had a great story. As the curtains were drawn on the biggest festival of democracy, history was created. the incumbent Government under the leadership of Prime Minister Shri Narendra Modi retained power for the consecutive second term with a landslide victory. My heartiest congratulations to Shri Narendra Modi for the impressive electoral win. Don’t take rest after your first victory because if you fail in second, more lips are waiting to say, that your first victory was just luck – Shri A. P. J. Abdul Kalam. These election results are testament to his able leadership in the largest economy of the world. He has dreamt about new India and made every citizen of the country believe that a new India would be created in the next 5 years as India moves to th celebrate its 75th year of independence. But at the same time voters also have equal responsibility to create the new India.

At the maiden address by the Prime Minister to his team he said “We have worked for ‘sabka saath, sabka vikas’, now we have to strive for ‘sabka vishwas’. One of the impor tant values of Char tered Accountants is vishwas (trust). ‘Trust takes years to build, seconds to break and forever to repair’ The trust gives Chartered Accountants respect in the society and it is our responsibility that we maintain the trust that every stakeholder has put in us.

If you salute your duty, you no need to salute anybody, but, if you pollute your duty, you have to salute everybody – Shri A. P. J. Abdul Kalam.

The summer month of May at WIRC began with visits and interactive meets with members of Akola, Amravati, Jalgaon & Dhule branches. WIRC conducted International Study Tour to South Africa. We visited SAICA i.e. South Africa Institute of Chartered Accountants and various cities in South Africa where interaction among members took place.

Personal satisfaction is the most important ingredient of success - Denis Waittey

I am gaining satisfaction as the process of serving members of the region is accelerating and gaining speed. To deliver quality services we should never allow the student in us to die. Considering this, at WIRC we have organized various contemporary seminars, workshops & lecture meetings. The stupendous performance of WIRC can be seen by the record number of participation in various programs viz, Seminar on Returns & Audit under GST, seminar on International Taxation, Workshop on RERA, Seminar on Forensic Audit, etc.

We have organized two interactive meets with Income Tax Authorities on Statement of Financial Transactions (SFTs) and Latest Developments in Filing TDS Returns, where we discussed the issues and challenges faced by members in SFT transaction and TDS with deputed officials of Income Tax.

We shall be doing GST Audit for the first time for the benefit of members and to support them for conducting GST Audits, WIRC has published a “Guide to GST Annual Return & Audit” well in time. This publication was released simultaneously at three locations - Mumbai, Nagpur and Vadodara. This is an excellent publication contributed by stalwarts in the profession. I appreciate the efforts of contributors and team WIRC for compilation of this guide in a timely manner.

‘Making commitments to professional Excellence leads to greater enjoyment. – Neha Venne.

WIRC shall celebrate 70th ICAI Foundation Day - JEET: Josh to Enrich and Empower through Teamwork on 1st July. We shall be taking various initiatives as part of the celebrations.

WIRC has planned its’ most awaited, prestigious 34th Regional Conference - “AWAKE – Arise With Aim of Knowledge Enrichment” in the month of August. This conference is an ideal platform for Chartered Accountants to participate and gain benefit from the doyens of the profession addressing the members at this Conference on topics ranging from subjects on Audit, Direct Tax, GST, Insolvency, Industry, Technology, Financial Services and matters related to Professional Development. WIRC has also organized st nd its Sub Regional Conference at Nashik on 21st & 22nd June, 2019 at Nashik.

I look forward to meet & greet you all at the CA Foundation Day celebration and at the Regional Conference.

With Best Wishes,
CA. Priti Paras Savla
Chairperson

 

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