Goa Branch Newsletter
April 2015
1
The Institute of Chartered Accountants of India (Set up by an Act of Parliament)
Goa Branch of WIRC
April 2015
InsIde…
Managing
COMMITTEE
EDITORIAL
BOARD
For Members only
Chairman‘s Communiqué
Branch Activity Report
Important Notifications &
Updates
Forthcoming events
Chairman:
CA. Kiran K. Kharangate
Vice-Chairman:
CA. Yeshwant V. Kamat
Secretary:
CA. Vinesh R. Pikale
Treasurer:
CA. Kedar R. Kenkre
Members:
CA. Naveen G. Daivajna
CA. Anup R. S. Borkar
CA. Kedar R. Kenkre
CA. Kiran K. Kharangate
CA. Pooja Bandekar
CA. Jovilyn Pereira e Dalgado
Goa Branch Newsletter
April 2015
2
Dear Members,
It is indeed a priviledge to communicate through this newsletter as the 34th
Chairman of the
Goa Branch of WIRC of ICAI and express my gratitude for honouring me with this
esteemed and coveted position. I also wish to thank my predecessor-in-office CA. Naveen
Daivajna who has guided and supported me during my tenure as Vice-Chairman of the
Branch and as Chairman of Goa Branch of WICASA in the year 2014-15.
By the time this Newsletter reaches you, most of you would be all immersed in the slogging
work of Bank Branch Audits. I wish you all the best for timely completion of the audits
given the stringent timelines and volume of work involved. The month of March was power
packed with seminars like the Budget Talk by Dr. Girish Ahuja, Talk on Service Tax and
Cenvat Proposal in Budget 2015 by CA. Parimal Kulkarni and the Bank Branch Audit
Seminar for the members.
I am delighted to inform you that Goa Branch has been awarded the "Certificate of
Appreciation" under Medium Branch Category by WIRC for the year 2014 and the Goa
Branch of Western India CA Students Association (WICASA) has been awarded the
"Certificate of Appreciation" under Micro WICASA branch category in the region for the
year 2014. The said certificates were presented during the Members Meet by the Hon'ble
President CA. Manoj Fadnis and Hon'ble Vice-President CA. Devaraja Reddy at Mumbai
on March 14, 2015.
Going by the President of ICAI, CA. Manoj Fadnis‘s motto ‘Spearheading Professional
Excellence’ we have drawn an Action Plan for the coming year. I assure you all that we at
the Managing Committee shall continue to work in unison towards meeting all its targets,
thus bringing greater glory to our branch. To all my colleagues and seniors in the profession,
I seek your unstinted support, suggestions and blessings in all our future endeavors as you
have in the past. Once again, thank you all and I look forward to a great year ahead.
I end this message with a thought provoking quote by Omar Nelson Bradley ―We need to
learn to set our course by the stars, not by the lights of every passing ship.” If our aim is
high and true there is nothing to stop our growth.
With Warm Professional Regards,
Forever, yours in service,
CA. Kiran K. Kharangate
Chairman
ChaIrman’s communiqué
Goa Branch Newsletter
April 2015
3
Activities organised by the Branch from 1st January to 31
st March, 2015
Branch Activity Report
Date Programme / Venue Speakers No. of
Participants
CPE
Hrs.
17.01.15 A CPE Talk Recent Notification on Goa VAT
Rules, 2005 & Issues in Goa VAT Audit at GCCI
Hall, Panaji
CA. Sandip Bhandare 163 3
24.01.15 Sports Meet for CA students at Multipurpose
Sports Complex (SAG), Fatorda, Margao, Goa
146 Nil
31.01.15 Annual Cricket Match at Arlem Grounds, Margao
120 Nil
07.02.15 National Conference on accounting, Income Tax
& Audit for Housing Co-operatives
Organized by Committee for Co-Operatives and
NPO Sectors in collaboration with National
Cooperative Housing Federation of India
The Institute of Chartered Accountants of India
(ICAI), New Delhi in Collaboration with
National Co-Operative Housing Federation of
India (NCHF)
hosted by Goa Housing Federation along with
Goa Branch of WIRC of ICAI. At Hotel Fidalgo
Inauguration function
Shri. Mahadev Narayan Naik – Hon‘ble Minister
for Cooperation, Government of Goa
Shri. S. N. Sharma, MLA, Chairman, National
Cooperative Housing Federation of India, Former
Cabinet Minister (Government of Madhya
Pradesh & Chhattisgarh)
Shri. Narayan Sawant – Register of Cooperative
Society
CA. Rajkumar S. Adukia - Chairman, Committee
for Cooperatives & NPO Sectors, ICAI
CA. R. K. Pikale, Chairman, Goa Housing
Federation, Past Chairman, Goa Branch
Income tax Compliance for Cooperative Housing
Societies.
Accounting by housing societies
Importance of Internal Control & Internal Audit in
Cooperative Housing Societies & Audit
Compliance in Cooperative Housing Societies
Service tax and Vat Compliances for Cooperative
Housing Societies
Case studies & practical Issues related to
Cooperative Housing Societies
CA. Vijay P Joshi
CA. Ramesh Prabhu
CA. Chandrasekhar V
Chitale
Adv. Monarch Bhatt
170 4
Goa Branch Newsletter
April 2015
4
Branch Activity Report
Date Programme / Venue Speakers No. of
Participants
CPE
Hrs.
11.02.15
To
28.02.15
GMCS Course – 1 at Goa Branch Premises 24 Nil
02.03.15 Annual Budget Talk at GCCI Hall, Panaji
Presentation on Direct Tax Provisions in the
Budget
Presentation on Indirect Tax Provisions in the
Budget
CA. Deepa Dalal
CA. Chirag Bhat
120 Nil
06.03.15 A CPE Talk on Analysis of Budget 2015 at Hotel
HQ, Vasco
CA. Dr. Girish Ahuja 145 3
12.03.15 Talk on Service tax and Cenvat proposals in
Budget 2015 at GCCI Hall, Panaji
CA. Parimal Kulkarni 111 2
20.03.15 Seminar on Bank Branch Audit at EDC Hall
Panaji
Audit Report, LFAR (Other than Advances),
Other Certification and Documentation
Audit of Advances (Funded & Non Funded)
including Reporting requirements in LFAR
Income Recognition, Asset Classification and
Provisioning(NPA)
CA. Atul Bheda
CA. Shriniwas Joshi
CA. Ketan Saiya
107 6
24.03.15 Talk on ―New Scheme of Education and Training
for CA Students” at Menezes Braganca Hall,
Panaji, Goa
CA. Satyaprakash
Kamath
60 Nil
25.03.15 Students Seminar on Central Excise & Customs at
Goa Branch Premises
CA. Satyaprakash
Kamath
40 Nil
30.03.15 Students Seminar on "Enhancing Quality
in Accounting Education and Research at
Sanskriti Bhavan, Multipurpose Hall, Patto, Panaji
Issues in Cost and Financial Audit
CA. Satyaprakash
Kamath
Nil
30.03.15 Joint Seminar on Companies Act-2013 -
Opportunities & Challenges at Fr. Agnel College
of Arts & Commerce, Pilar, Goa
CA. Satyaprakash
Kamath
Nil
Goa Branch Newsletter
April 2015
5
INCOME TAX
Source: www.incometaxindia.gov.in
Income-tax (1 st Amendment) Rules, 2015 dated
19th January, 2015 w.e.f. publication in the Official
Gazette
(A)afterrule12C the following rule shall be
inserted,namely:-
Statement under sub-section (4) of section 115UA.
12CA.
(1)The statement of income distributed by a business
trust to its unit holder shall be furnished to the
Principal Commissioner or the Commissioner of
Income-tax within whose jurisdiction the principal
office of the business trust is situated, by the 30th
November of the financial year following the
previous year during which such income is
distributed,:
Provided that the statement of income distributed
shall also be furnished to the unit holder by the
30thJune of the financial year following the previous
year during which the income is distributed.
(2) The statement of income distributed shall be
furnished under sub-section (4) of section 115UA by
the business trust to-(i) the Principal Commissioner
or the Commissioner of Income-tax referred to in
sub-rule (1), in Form No. 64A, duly verified by an
accountant in the manner indicated therein and shall
be furnished electronically under digital signature;
(ii) the unit holder in Form No. 64B, duly verified
by the person distributing the income on behalf of
the business trust in the manner indicated therein.
3) The Director General of Income-tax (Systems)
shall specify the procedure for filing of Form No.
64A and shall also be responsible for evolving and
implementing appropriate security, archival and
retrieval policies in relation to the statements so
furnished.‖;
B) In the Appendix II, after the Form No. 64, the
following Forms shall be inserted, namely: Form
64A and Form 64B.
NOTIFICATION NO. 9/2015 DATED 21-1-2015
In exercise of the powers conferred by clause (viii)
of sub-section (2) of section 80C of the Income-tax
Act, 1961 (43 of 1961), the Central Government
hereby specifies the 'Sukanya Samriddhi Account'
for the purposes of the said clause. This notification
shall come into force with effect from the date of its
publication in the Official Gazette.
NOTIFICATION NO. 21/2015 DATED 14th
March, 2015
In exercise of the powers conferred by sub-sections
(9) and(9A) of section 92CC read with section 295
of the Income-tax Act, 1961 (43 of 1961), the
Central Board of Direct Taxes hereby makes the
following rules further to amend the Income-tax
Rules, 1962, namely:-
(1) These rules may be called the Income-tax
(Third Amendment) Rules,2015.
(2) They shall come into force on the date of
their publication in the Official Gazette.
In the Income Tax Rules, 1962 ,
(a) in rule 10F –.
(i) after clause (b), the following shall be
inserted, namely :-
―(ba) ―applicant‖ means a person who has
made an application;‖;
(ii) after clause (h), the following clause shall
be inserted, namely :-
―(ha) ―rollback year‖ means any
previous year, falling within the period
not exceeding four previous years,
preceding the first of the previous
yearsreferred to in sub-section (4) of
section 92CC;‖;
(b) in rule10 H, in sub-rule (1),-
(i) for the word ―Every‖ the word ―Any‖
shall be substituted;
(ii) for the word ―shall‖ the word ―may‖
shall be substituted;
(c) in rule 10 I, for the words, figures and letter
―who has entered into a pre-filing
consultation as referred to in rule 10H‖, the
words, figures and letter―referred to in rule
10 G‖ shall be substituted;
(d) in rule 10 K, in sub-rule (2) after the words
―with understanding reached in‖, the word
―any‖ shall be inserted;
(e) in rule 10 M, in sub-rule (1), after clause (v),
the following clause shall be inserted,
namely:-
―(va) rollback provision referred to in rule 10
MA;‖;
(f) after rule 10 M, the following rule shall be
inserted, namely:-
―Roll Back of the Agreement.
10 MA. (1) Subject to the provisions of this
rule,the agreement may provide for
determining the arm‘s length price or specify
IMPORTANT NOTIFICATIONS, UPDATES & ANNOUNCEMENTS
Goa Branch Newsletter
April 2015
6
the manner in which arm‘s length price shall
be determined in relation to the international
transaction entered into by the person during
the rollback year (hereinafter referred to as
―rollback provision‖)
(2) The agreement shall contain rollback
provision in respect of an international
transaction subject to the following, namely:-
i)the international transaction is same as the
international transaction to which the
agreement (other than the rollback provision)
applies;
ii) the return of income for the relevant
rollback year has been or is furnished by the
applicant before the due date specified in
Explanation 2 to sub-section (1) of section
139;
iii) the report in respect of the international
transaction had been furnished in accordance
with section 92E;
iv) the applicability of rollback provision, in
respect of an international transaction, has
been requested by the applicant for all the
rollback years in which the said international
transaction has been undertaken by the
applicant; and
v) the applicant has made an application
seeking rollback in Form 3CEDA in
accordance with sub-rule (5);
3) Notwithstanding anything contained in
sub-rule (2), rollback provision shall not be
provided in respect of an international
transaction for a rollback year, if,-
(i) the determination of arm‘s length price of
the said international transaction for the said
year has been subject matter of an appeal
before the Appellate Tribunal and the
Appellate Tribunal has passed an order
disposing of such appeal at any time before
signing of the agreement; or
ii) the application of rollback provision has
the effect of reducing thetotal income or
increasing the loss, as the case may be, of the
applicant as declared in the return of income
of the said year.
4) Where the rollback provision specifies the
manner in which arm‘s length price shall be
determined in relation to an international
transaction undertaken in any rollback year
then such manner shall be the same as the
manner which has been agreed to be
provided for determination of arm‘s length
price of the same international transaction to
be undertaken in any previous year to which
the agreement applies, not being a rollback
year.
5) The applicant may, if he desires tocenter
into an agreement with rollback provision,
furnish along with the application,the request
for the same in FormNo. 3 CEDA with proof
of payment of an additional fee of five lakh
rupees:
Provided that in a case where an application
has been filed prior to the 1st day of January,
2015, Form No. 3CEDA along with proof of
payment of additional fee may be filed at any
time on or before the 31st day of March,
2015 or the date of entering into the
agreement whichever is earlier:
Provided further that in a case where an
agreement has been entered into before the
1st day of January, 2015, Form No. 3CEDA
along with proof of payment of additional fee
may be filed at any time on or before the 31st
day of March, 2015 and, notwithstanding
anything contained in rule 10 Q, the
agreement may be revised to provide for
rollback provision in the said agreement in
accordance with this rule.‖;
g) in rule 10 R, in sub-rule (1), in clause (iv),
after the words, brackets, figures and letter
―under sub-rule (4) of rule10Q‖, the words,
brackets, figures and letters ―or sub-rule (7)
of rule 10 RA‖ shall be inserted;
h) after rule 10 R, the following rule shall be
inserted, namely:- ―Procedure for giving
effect to rollback provision of an
Agreement".
(i)in Appendix-II of the principal rules,-
A) in Form No. 3CEC, in item 10, after the
words, ―Number of years for which APA is
proposed to be applied‖, the words
―including the rollback years‖ shall be
inserted;
B) in Form No. 3CED, in item 5, after sub-
item (e), the following shall be inserted,
namely:-
―f. whether any rollback request is being
made Yes/No g. If yes, enclose copy of
relevant Form No. 3CEDA.‖;
C) after Form No.3CED, Form No. 3CEDA
has been inserted.
Goa Branch Newsletter
April 2015
7
NOTIFICATION NO. 33/2015 DATED 31st March,
2015
The Central Government hereby notifies the income
computation and disclosure standards as specified in
the Annexure to be followed by all assessees,
following the mercantile system of accounting, for
the purposes of computation of income chargeable to
income-tax under the head ―Profit and gains of
business or profession‖ or ― Income from other
sources‖. This notification shall come into force
with effect from 1st day of April, 2015, and shall
accordingly apply to the assessment year 2016-17
and subsequent assessment years.
Company Law
http://www.mca.gov.in/
RULES
Companies (Accounts) Amendment Rules, 2015
(i) after rule 2, following rule shall be inserted,
namely:-
―2A. Notice of address at which books of
account are to be maintained .—For the
purposes of the first proviso to sub-section
(1) of Section 128, the notice regarding
address at which books of account may be
kept shall be in Form AOC-5.‖
(ii) in rule 6, after the third proviso, the
following proviso shall be inserted, namely
:—
Provided also that nothing in this rule shall
apply in respect of consolidation of financial
statement by a company having subsidiary or
subsidiaries incorporated outside India only
forthe financial year commencing on or after
1st April, 2014.‖
(iii)in the Annexure, after Form AOC-4, the
Form AOC -5 for ' Notice of address at
which books of account are to be maintained
shall be inserted, namely :—
Companies (Corporate Social Responsibility
Policy) Amendment Rules, 2015
They shall come into force on the date of their
publication in the Official Gazette.
In the Companies (Corporate Social Responsibility
Policy) Rules, 2014, in rule 4, in sub-rule (2),—
(i) for the words ―established by the company or its
holding or subsidiary or associate company under
section 8 of the Act or otherwise‖, the words
―established under section 8 of the Act by the
company, either singly or alongwith its holding or
subsidiary or associate company, or alongwith any
other company or holding or subsidiary or associate
company of such other company, or otherwise‖ shall
be substituted;
(ii) in the proviso, in clause (i), for the words ―not
established by the company or its holding or
subsidiary or associate company, it‖, the words ―not
established by the company, either singly or
alongwith its holding or subsidiary or associate
company, or alongwith any other company or
holding or subsidiary or associate company of such
other company‖ shall be substituted.
Companies (Management and Administration)
Amendment Rules, 2015
They shall come into force on the date of their
publication in the Official Gazette.
Rule 20 "Voting for electronic means" has been
substituted with the amendment.
Companies (Appointment and Qualification of
Directors)Amendment Rules, 2015
They shall come into force on the date of their
publication in the Official Gazette.
2. In the Companies (Appointment and Qualification
of Directors) Rules, 2014, in rule 16, the following
proviso shall be inserted, namely:—
―Provided that in case a company has already filed
Form DIR-12 with the Registrar under rule 15, a
foreign director of such company resigning from his
office may authorise in writing a practising chartered
accountant or cost accountant in practice or
company secretary in practice or any other resident
director of the company to sign Form DIR-11 and
file the same on his behalf intimating the reasons for
the resignation.‖.
Companies (Registration Offices and Fees)
Amendment Rules, 2015
(a) in rule 10, after sub-rule (6), the following
sub-rule shall be inserted, namely:—
―7. Any further information or documents
called for , in respect of application or e-form
or document, filed electronically with the
Ministry of Corporate Affairs shall be
furnished in Form No. GNL-4 as an
addendum‖
(b) in the Annexure, after Form No. GNL-3,
Form No. GNL -4 'for filing addendum for
rectification of defects or incompleteness'
shall be inserted, namely:—
Goa Branch Newsletter
April 2015
8
Companies (Meetings of Board and its Powers)
Amendment Rules, 2015
They shall come into force on the date of their
publication in the Official Gazette.
In Companies (Meetings of Board and its Powers)
Rules, 2014
(a) In Rule 8,
(i) item numbers(3)(5)(6)(7)(8)(9) and
the entries relating thereto shall be
omitted.
(b) In Rule 10, in the proviso, for the word
'principle', the word 'principal' shall be
subsituted.
Companies (Share Capital and Debentures)
Amendment Rules, 2015
They shall come into force on the date of their
publication in the Official Gazette.
Companies (Acceptance of Deposit) Amendment
Rules, 2015.
They shall come into force on the date of their
publication in the Official Gazette.
In case of share application money received before
the 1st April,2014 and disclosed in the balance sheet
for the financial year ending on or before the 31st
March,2014 against which the allotment is pending
on the 31st March,2015, the company shall, by 1st
June 2015, either return such amounts to the persons
from whom these were received or allot shares,
stock, bonds or debentures or comply with the rules.
2. Every eligible company shall obtain, at least once
in a year, credit rating for deposits accepted by it in
the manner specified herein below and a copy ofthe
rating shall be sent to the Registrar ofcompanies
alongwith the return ofdeposits in Form DPT-3;
3. The companies may accept deposits without
deposit insurance contract till the 31st March, 2016
or till the avaitability of a deposit insurance product,
whichever is earlier.
4. Form DPT -3 has been substituted.
CIRCULARS
Reference
No Date Description
General
Circular
5/2015
30.03.2015
Amount received by private
companies from their
members, directors or their
relatives before lst April, 2014
- Clariflcation regarding
applicability of Companies
(Acceptance of Deposits)
Rules, 20l4
General
Circular
4/2015
10.03.2015
Clarification with regard to
section 185 and 186 of the
Companies Act, 2013 - loans
and advances to employees
General
Circular
03/2015
03.03.2015
General Circular 03/2015:
Clarification relating to filing
of e-form DIR-I1 & DIR-12
under the Companies Act,
2013.
General
Circular
02/2015
11.02.2015
Extension of time for filing of
Notice of appointment of the
Cost Auditor in Form CRA-2.
General
Circular
01/2015
03.02.2015
Constitution of a High Level
Committee to suggest
measures for improved
monitoring of the
implementation of Corporate
Social Responsibility policies
by the companies under
Section 135 of the Companies
Act, 2013
NOTIFICATIONS
On 16th February, 2015 The Companies (Indian
Accounting Standards) Rules, 2015 notified.
Notifications Description
Indian Accounting
Standard (Ind AS)
101
First-time Adoption of Indian
Accounting Standards
Indian Accounting
Standard (Ind AS)
102
Share-based Payment
Indian Accounting
Standard (Ind AS)
103
Business Combinations
Indian Accounting
Standard (Ind AS)
104
Insurance Contracts
Indian Accounting
Standard (Ind AS)
105
Non-current Assets Held for Sale
and Discontinued Operations
Indian Accounting
Standard (Ind AS)
106
Exploration for and Evaluation
of Mineral Resources
Goa Branch Newsletter
April 2015
9
Indian Accounting
Standard (Ind AS)
107
Financial Instruments:
Disclosures
Indian Accounting
Standard (Ind AS)
108
Operating Segments
Indian Accounting
Standard (Ind AS)
109
Financial Instruments
Indian Accounting
Standard (Ind AS)
110
Consolidated Financial
Statements
Indian Accounting
Standard (Ind AS)
111
Joint Arrangements
Indian Accounting
Standard (Ind AS)
112
Disclosure of Interests in Other
Entities
Indian Accounting
Standard (Ind AS)
113
Fair Value Measurement
Indian Accounting
Standard (Ind AS)
114
Regulatory Deferral Accounts
Indian Accounting
Standard (Ind AS)
115
Revenue from Contracts with
Customers
Indian Accounting
Standard (Ind AS) 1
Presentation of Financial
Statements
Indian Accounting
Standard (Ind AS) 2
Inventories
Indian Accounting
Standard (Ind AS) 7
Statement of Cash Flows
Indian Accounting
Standard (Ind AS) 8
Accounting Policies, Changes in
Accounting Estimates and Errors
Indian Accounting
Standard (Ind AS) 10
Events after the Reporting
Period
Indian Accounting
Standard (Ind AS) 12
Income Taxes
Indian Accounting
Standard (Ind AS) 16
Property, Plant and Equipment
Indian Accounting
Standard (Ind AS) 17
Leases
Indian Accounting
Standard (Ind AS) 19
Employee Benefits
Indian Accounting
Standard (Ind AS) 20
Accounting for Government
Grants and Disclosure of
Government Assistance
Indian Accounting
Standard (Ind AS) 21
The Effects of Changes in
Foreign Exchange Rates
Indian Accounting
Standard (Ind AS) 23
Borrowing Costs
Indian Accounting
Standard (Ind AS) 24
Related Party Disclosures
Indian Accounting
Standard (Ind AS) 27
Separate Financial Statements
Indian Accounting
Standard (Ind AS) 28
Investments in Associates and
Joint Ventures
Indian Accounting
Standard (Ind AS) 29
Financial Reporting in
Hyperinflationary Economies
Indian Accounting
Standard (Ind AS) 32
Financial Instruments:
Presentation
Indian Accounting
Standard (Ind AS) 33
Earnings per Share
Indian Accounting
Standard (Ind AS) 34
Interim Financial Reporting
Indian Accounting
Standard (Ind AS) 36
Impairment of Assets
Indian Accounting
Standard (Ind AS) 37
Provisions, Contingent
Liabilities and Contingent Assets
Indian Accounting
Standard (Ind AS) 38
Intangible Assets
Indian Accounting
Standard (Ind AS) 40
Investment Property
Indian Accounting
Standard (Ind AS) 41
Agriculture
Service tax
NOTIFICATION N0. 4/2015-Service Tax, dated 1st
March, 2015
In exercise of the powers conferred by sub-section
(1) of section 93 of the Finance Act, 1994 (32 of
1994), the Central Government, being satisfied that
it is necessary in the public interest so to do, hereby
makes the following further amendment in the
notification of the Government of India in the
Ministry of Finance (Department of Revenue)
No.31/2012-Service Tax, dated the 20th June, 2012,
published in the Gazette of India, Extraordinary, Part
II,Section 3, Sub-section (i), vide G.S.R 473 (E),
dated the 20th June, 2012, namely:-
1. In the said notification, in the Table, against
Sl.No. 1, in column (2), for the words ―port
or airport‖, at both the places where they
occur, the words ―port, airport or land
custom station" shall be subsituted.
NOTIFICATION No.5/2015-Service Tax, dated 1st
March, 2015
In exercise of the powers conferred by sub-section
(1) read with sub-section (2) of section 94 of the
Finance Act, 1994 (32 of 1994), the Central
Government hereby makes the following rules
further to amend the Service Tax Rules, 1994,
namely:-
1. These rules may be called the Service Tax
(Amendment) Rules, 2015
2. Save as otherwise provided in these rules,
they shall come into force on the 1st day of
March 2015
In the Service Tax Rules, 1994,-
Goa Branch Newsletter
April 2015
10
(a)in rule 2, in sub-rule (1),-
(i)after clause(a), the following clause shall be
inserted, namely:-
(aa) ―aggregator‖ means a person, who owns and
manages a web based software application, and by
means of the application and a communication
device, enables a potential customer to connect with
persons providing service of a particular kind under
the brand name or trade name of the aggregator;‘;
(ii) after clause (bc),the following clause shall be
inserted, namely:-
‗(bca) ―brand name or trade name‖ means, a brand
name or a trade name, whether registered or not, that
is to say, a name or a mark, such as an invented
word or writing, or a symbol, monogram, logo,
label, signature, which is used for the purpose of
indicating, or so as to indicate a connection, in the
course of trade, between a service and some person
using the name or mark with or without any
indication of the identity of that person;‘;
(iii) in clause (d), in sub-clause (i),-
(I) after item (AA),the following item shall be
inserted, namely:-
‗(AAA)in relation to service provided or agreed to
be provided by a person involving an aggregator in
any manner, the aggregator of the service:
Provided that if the aggregator does not have a
physical presence in the taxable territory, any person
representing the aggregator for any purpose in the
taxable territory shall be liable for paying service
tax;
Provided further that if the aggregator does not have
a physical presence or does not have a representative
for any purpose in the taxable territory, the
aggregator shall appoint a person in the taxable
territory for the purpose of paying service tax and
such person shall be liable for paying service tax.‘;
(II)in item(E), from such date as the Central
Government may, by a notification in the Official
Gazette, appoint, the word―support‖ shall be
omitted;
(III) after item (EE), the following items shall be
inserted with effect from the 1stday of April 2015,
namely:-
―(EEA)in relation to service provided or agreed to
be provided by a mutual
fund agent or distributor to a mutual fund or asset
management
company, the recipient of the service;
(EEB) in relation to service provided or agreed to be
provided by a selling or marketing agent of lottery
tickets to a lottery distributor or selling
agent, the recipient of the service;‖;
(b) in rule 4,-
(i) sub-rule (1A) shall be omitted.
(ii) after sub-rule (8), the following sub-rule shall be
inserted, namely:-
―(9) The registration granted under this rule shall be
subject to such
conditions, safeguards and procedure as may be
specified by an order issued by the Board.‖;
(c) after rule 4B, the following rule shall be inserted,
namely:-
―4C. Authentication by digital signature-
(1) Any invoice, bill or challan issued under rule 4A
or consignment note issued under rule 4B may be
authenticated by means of a digital signature.
(2)The Board may, by notification, specify the
conditions, safeguards and procedure to be followed
by any person issuing digitally signed invoices.‖;
(d) in rule 5, after sub-rule (3), the following sub-
rules shall be inserted, namely,-
―(4) Records under this rule may be preserved in
electronic form and every page of the record so
preserved shall be authenticated by means of a
digital signature.
(5) The Board may, by notification, specify the
conditions, safeguards and procedure to be followed
by an assessee preserving digitally signed records.
Explanation – For the purposes of rule 4C and sub-
rule (4) and (5) of this rule,- (i)
The expression ―authenticate‖ shall have the same
meaning as assigned in the Information Technology
Act, 2000 (21 of 2000).
(ii)The expression ―digital signature‖ shall have the
meaning as defined in the Information Technology
Act, 2000 (21 of 2000) and the expression ―digitally
signed‖ shall be construed accordingly.‖
(e)in rule 6,
(i)sub-rule (6A) shall be omitted, with effect from
the date on which the Finance Bill, 2015, receives
the assent of the President;
(ii) from such dates as the Central Government
may,by a notification in the Official Gazette,
appoint,-
Goa Branch Newsletter
April 2015
11
(a)in sub-rule (7),for the figures―0.6%‖ and ―1.2
%‖,the figures and words―0.7 per cent.‖and ―1.4 per
cent.‖ shall respectively be substituted;
(b)in sub-rule (7A),in clause(ii), for the figures and
words―3 per cent.‖ and
―1.5 per cent.‖, the figures and words―3.5 per cent.‖
and ―1.75 per cent.‖ shall respectively be
substituted;‖;
(c)in sub-rule (7B),-
(i) in item (a), for the figures and words―0.12
percent‖and ―rupees 30‖,the figures and words―0.14
per cent‖ and ―rupees 35‖ shall respectively be
substituted;
(ii)in item (b), for the figures and words―120 and
0.06 per cent‖,the figures and words ―140 and 0.07
per cent.‖shall be substituted;
(iii) in item (c), for the figures and words ―660 and
0.012 per cent‖ and ―rupees 6,000‖, the figures and
words―770 and 0.014 per cent‖ and ―rupees 7,000‖
shall respectively be substituted;
(d)in sub-rule (7C),-
(A)in the Table, in column (2),-
(i)againstSl. No. 1, for the figures ―7000‖, the
figures ―8200‖ shall be substituted;
(ii) against Sl. No. 2, for the figures ―11000‖, the
figures ―12800‖shall be substituted;
(B) in the Explanation, item (i) shall be omitted,with
effect from the date on which the Finance Bill, 2015,
receives the assent of the President.
NOTIFICATION No.6/2015-Service Tax, dated 1st
March, 2015
In exercise of the powers conferred by sub-section
(1) of section 93 of the Finance Act, 1994 (32 of
1994), the Central Government, being satisfied that
it is necessary in the public interest so to do, hereby
makes the following further amendments in the
notification of the Government of India in the
Ministry of Finance (Department of Revenue)
No.25/2012-Service Tax, dated the 20th June, 2012,
published in the Gazette of India, Extraordinary, Part
II, Section 3, Sub-section (i) vide number G.S.R.
467 (E), dated the 20th June, 2012, namely:-
1. In the said notification,-
(i)for entry 2, the following entry shall be
substituted, namely,-
―2. (i) Health care services by a clinical
establishment, an authorised medical practitioner or
para-medics
(ii) Services provided by way of transportation of a
patient in an ambulance, other than those specified
in (i) above;‖;
(ii)incentry 12, items (a), (c) and (f) shall be omitted;
(iii) in entry 14, in item (a), the words ―an airport,
port or‖ shall be omitted;
(iv) for entry 16, the following entry shall be
substituted, namely:-
―16. Services by an artist by way of a performance
in folk or classical art forms of (i) music, or
(ii)dance, or (iii)theatre, if the consideration charged
for such performance is not more than one lakh
rupees:
Provided that the exemption shall not apply to
service provided by such artist as a brand
ambassador.‖;
(v) in entry 20, for item (i), the following item shall
be substituted, namely:-
"(i) milk, salt and food grain including flours, pulses
and rice;";
(vi) in entry 21, for item (d), the following item shall
be substituted, namely:-
"(d) milk, salt and food grain including flours, pulses
and rice;";
(vii)in entry 26A, after item (c), the following item
shall be inserted, namely-
―(d) Varishtha Pension BimaYojana;‖;
(viii)in entry 29, items (c), (d) and (e) shall be
omitted;
(ix) in entry 30, in item (c), for the words ―any
goods‖, the words ―any goods excluding alcoholic
liquors for human consumption,‖ shall be substituted
with effect from such date as the Central
Government may, by notification in the Official
Gazette, appoint;
(x)entry 32 shall be omitted;
(xi) after entry 42, the following entries shall be
inserted, namely,-
43. Services by operator ofCommon Effluent
Treatment Plantby way of treatment of effluent;
44. Services by way of pre-conditioning, pre-
cooling, ripening, waxing, retail packing, labelling
of fruits and vegetables which do not change or alter
the essential haracteristics of the said fruits or
vegetables;
45. Services by way of admission toa
museum,national park, wildlife sanctuary, tiger
reserve or zoo;
46. Service provided by way of exhibition of movie
by anexhibitor to the distributor or an association of
persons consisting of the exhibitor as one of its
members;‖;
(xii) after entry 46 so inserted, the following entry
shall be inserted with effect from such date as the
Goa Branch Newsletter
April 2015
12
Central Government may, by notification in the
Official Gazette, appoint,namely:-
―47.Services by way of right to admission to,-
(i) exhibition of cinematographic film, circus, dance,
or theatrical performance including drama or ballet;
(ii) recognised sporting event;
(iii) award function, concert, pageant, musical
performance orany sporting event other than a
recognised sporting event, wherethe consideration
for admission is not more thanRs 500 per person.‖.
2. In the said notification, in paragraph 2 relating to
Definitions,-
(a) after clause (xa), the following clause shall
be inserted, namely:-
‗(xaa) ―national park‘ has the meaning assigned to it
in the clause (21) of the section 2 of TheWild Life
(Protection) Act, 1972 (53 of 1972);‘;
(b) after clause (zaa), the following clause shall be
inserted with effect from such date as the Central
Government may, by notification in the Official
Gazette, appoint, namely:-
‗(zab) ―recognised sporting event‖ means any
sporting event,-
(i) organised by a recognised sports body where the
participating team or individual represent any
district, state, zone or country;
ii) covered under entry 11.‘;
(c) for the clause (zi), the following clauses shall be
substituted, namely:-
‗(zi) ―tiger reserve‖ has the meaning assigned to it in
clause (e) of section 38K of the Wild Life
(Protection) Act, 1972 (53 of 1972);
(zj) ―trade union‖ hasthe meaning assigned to it in
clause (h) of section 2 of the Trade Unions Act,
1926 (16 of 1926);
(zk) wildlife sanctuary‖ means sanctuary as defined
in the clause (26) of the section 2 of The Wild Life
(Protection) Act, 1972 (53 of 1972);
(zl) ―zoo‖has the meaning assigned to it in the clause
(39) of the section 2 of the Wild Life (Protection)
Act, 1972 (53 of 1972).‘.
Save as otherwise provided in this notification , this
notification shall come into force on the 1st of April,
2015.
NOTIFICATION No.7/2015-Service Tax, dated 1st
March, 2015
In exercise of the powers conferred by sub-section
(2) of section 68 of the Finance Act, 1994 (32 of
1994), the Central Government, hereby makes the
following further amendments in the notification of
the Government of India in the Ministry of Finance
(Department of Revenue) No. 30/2012-Service Tax,
dated the 20thJune, 2012, published in the Gazette
of India, Extraordinary, Part II, Section 3, Sub-
section (i) vide number G.S.R. 472 (E), dated the
20th June, 2012, namely:-
1. In the said notification,-
(i) in paragraph I, in clause (A),-
(a)after sub-clause (ia), the following sub-clauses
shall be inserted, namely:-
"(ib) provided or agreed to be provided by a mutual
fund agent or distributor,to a mutual fund or asset
management company‖;
―(ic)provided or agreed to be provided by a selling
or marketing agent of lottery tickets to a lottery
distributor or selling agent;‖;
(b)insub-clause(iv), initem (C),with effect from such
date as the Central Government may, by notification
in the Official Gazette, appoint, the words ―by way
of support services‖ shall be omitted;
c)after the sub-clause (v), with effect from the 1st
day of March, 2015, the following sub-clause shall
be inserted, namely:-
―(vi) provided or agreed to be provided by a person
involving an aggregator in any manner;‖;
(ii)in paragraph (II),-
(A)for the portion beginning with brackets, letters
and words ―(II) The extent of service tax payable‖
and ending with words ―namely:-‖, the following
shall be substituted with effectfrom 1st March, 2015,
namely:-
―II. The extent of service tax payable thereon by the
person who provides the service and any other
person liable for paying service tax for the taxable
services specified in paragraph shall be as specified
in the following Table, namely:-‖;
(B) in the Table,-
(i)in column (4), for the column heading, the
following column heading shall be substituted with
effect from 1st March, 2015, namely:-
―Percentage of service tax payable by any person
liable for paying service tax other than the service
provider‖;
(ii) after Sl. No. 1A and the entries relating thereto,
the following Sl Nos. and entries shall be inserted,
namely:-
Goa Branch Newsletter
April 2015
13
"1B.
in respect of services
provided or agreed to be
provided by a mutual fund
agent or distributor, to a
mutual fund or asset
management company Nil 100%
1C.
in respect of service provided
or agreed to be provided by a
selling or marketing agent of
lottery tickets to a lottery
distributor or selling agent Nil 100%;
(iii) againstSl. No. 8, in column (3) and column (4),
for the existing entries, the entries―Nil‖ and ―100%‖
shall respectively be substituted;
(iv) afterSl. No. 10 and the entries relating thereto,
with effect from 1st March, 2015, the following Sl.
No. and entries shall be inserted, namely
"11.
in respect of any service
provided or agreed to be
provided by a person
involving an aggregator in
any manner Nil 100%
Save as otherwise provided in this notification , this
notification shall come into force on the 1st of April,
2015.
No. 8/2015-Service Tax, dated 1st March, 2015
In exercise of the powers conferred by sub-section
(1) of section 93 of the Finance Act, 1994 (32 of
1994), the Central Government, being satisfied that
it is necessary in the public interest so to do, hereby
makes the following further amendments in the
notification of the Government of India in the
Ministry of Finance (Department of Revenue),
No.26/2012-Service Tax, dated the 20th June, 2012,
published in the Gazette of India, Extraordinary, Part
II, Section 3, Sub-section (i), vide number G.S.R.
468 (E), dated the 20th June, 2012, namely:-
1. In the said notification, in the Table,-
(i) against Sl. No. 2, in column (4), for the entry , the
following entry shall be substituted,
namely:
"CENVAT credit on inputs, capital goods and input
services, used for providing the taxable service, has
not been taken under the provisions of the CENVAT
Credit Rules, 2004."
(ii) against Sl. No. 3, in column (4), for the entry ―
Nil‖, the entry ―Same as above‖ shall be substituted;
(iii) for Sl. No. 5 and the entries relating thereto, the
following serial number and entries shall be
substituted, namely:-
(1) (2) (3) (4)
"5
Transport of
passengers by air, with
or without
accompanied
belongings in
(i) economy class 40%
CENVAT credit
on inputs and
capital goods,
used for
providing the
taxable service,
has not been
taken under the
provisions of the
CENVAT
Credit Rules,
2004.
(ii) other than economy
class 60%
(iv) against Sl. No. 7, in column (3), for the entry
―25 ‖, the entry ―30‖ shall be substituted;
(v) Sl. No. 8 and entries relating thereto shall be
omitted;
(vi) against Sl. No. 10, in column (3), for the entry
―40‖, the entry ―30‖ shall be substituted.
This notification shall come into force on the 1st of
April, 2015.
NOTIFICATION No. 9/2015 - Service Tax dated
1st March, 2015
In exercise of the powers conferred by sub-clause
(iii) of clause (b) of section 96A of the Finance Act,
1994 (32 of 1994), the Central Government hereby
specifies ―resident firm‖ as class of persons for the
purposes of the said sub-clause.
Explanation. - For the purposes of this notification,-
(a)―firm‖ shall have the meaning assigned to it in
section 4 of the Indian Partnership Act, 1932 (9 of
1932) , and includes
i) the limited liability partnership as defined in
clause (n) of sub-section (1) of the section 2 of the
Limited Liability Partnership Act, 2008 (6 of 2009);
or
(ii) limited liability partnership which has no
company as its partner; or
iii) the sole proprietorship; or
(iv) One Person Company.
(b) (i) ―sole proprietorship‖ means an individual
who engages himself in an activity as defined in sub-
clause (a) of section 96A of the Finance Act, 1994.
(ii) ―One Person Company‖ means as defined in
clause (62) of section 2 of the Companies Act, 2013
(18 of 2013).
Goa Branch Newsletter
April 2015
14
in clause (42) of section 2 of the Income-tax Act,
1961 (43 of 1961) in so far as it applies to a resident
firm.
Order 01/2015, dt. 01-03-2015 for Simplification of
Registration Procedures in Service Tax has been
issued.
Goa VAT (Value Added Tax)
Trade circular dated 30th Jan, 2015 regarding
facility of online payment of tax, penalty, interest,
etc. w.e.f. 1st February, 2015 through SBI gateway.
http://goacomtax.gov.in/uploads/file/113_FILE_trad
e2.pdf
Notification CCT/12-2/14-15/4797
In exercise of the powers conferred by the third
proviso to sub-section (3) of section 29 of the Goa
Value Added Tax Act, 2005 (Act 9 of 2005)
(hereinafter referred to as the
―said Act‖) I, Shri S. G. Korgaonkar,Commissioner
of Commercial Taxes, Government of Goa, hereby
extend the period of assessment for the financial
year 2011-12 by six months with effect from 1st
April, 2015. All assessments for the year 2011-12
shall accordingly be completed on or before 30th
September, 2015.
Excise
Notification no. 1/2015 - Clean Energy Cess dated
1st March, 2015
In exercise of the powers conferred by sub-section
(7) of section 83 of the Finance Act, 2010 (14 of
2010) read with section 5A of the Central Excise
Act, 1944 (1of 1944),the Central Government, being
satisfied that it is necessary in the public interest so
to do, hereby exempts all goods leviable to the Clean
Energy Cess under section 83 of the said Finance
Act, from so much of the Clean Energy Cess
leviable thereon under the Tenth Schedule to the
said Finance Act, 2010, as is in excess of the amount
calculated at the rate of Rs.200 per tonne.
Notification no. 1/2015 Medicinal and Toilet
Preparations dated 1st March, 2015
In exercise of the powers conferred by rule 8 of the
Medicinal and Toilet Preparations (Excise Duties)
Rules, 1956, the Central Government, being satisfied
that it is necessary in the public interest so to do,
hereby makes the following further amendment in
the notification of the Government of India in the
Ministry of Finance, (Department of Revenue), No.
2/2003-M&TP, dated the 1st March, 2003, published
in the Gazette of India,Extraordinary,vide number
G.S.R. 159 (E), dated the 1st March, 2003, namely:-
In the said notification, in the Table, in column (4),
for the entry ―Twelve per cent.advalorem ‖,
wherever it occurs, the entry ―Twelve and half per
cent.ad valorem‖ shall be substituted
Other tariff notifications summary: 7/2015-CE,
dt. 01-03-
2015
Seeks to rescind Notification No.
28/2010-CE and 29/20010-CE both
dated the 22nd June, 2010.
16/2015-CE,
dt. 01-03-
2015
Seeks to amend Notification No.
23/2003-CE, dated the 31st March, 2008
so as to omit certain entries and increase
the rate of excise duty from 12% to
12.5% in respect of certain entries.
15/2015-CE,
dt. 01-03-
2015
Seeks to exempt all goods falling within
the First Schedule of the CETA, 1985
from the whole of Secondary and Higher
Education Cess leviable under Section
138 of the Finance Act, 2007.
14/2015-CE,
dt. 01-03-
2015
Seeks to exempt all goods falling within
the First Schedule of the CETA, 1985
from the whole of Education Cess
leviable under Section 93 of the Finance
(No. 2) Act, 2004.
13/2015-CE,
dt. 01-03-
2015
Seeks to amend Notification No.
10/1996 dated 23rd July 1996 so as to
provide full exemption from excise duty
to all goods consumed within the factory
of production in the manufacture of
Agarbattis.
12/2015-CE,
dt. 01-03-
2015 Seeks to amend notification No.
12/2012-CE, dated the 17th March, 2012
so as to make necessary changes in the
specified entries therein. Corrigendum,
dt 04-03-
2015
11/2015-CE,
dt. 01-03-
2015
Seeks to increase the Additional Duty of
Excise (commonly known as Road Cess)
levied on imported High Speed Diesel
Oil.
10/2015-CE,
dt. 01-03-
2015
Seeks to increase the Additional Duty of
Excise (commonly known as Road Cess)
levied on imported motor spirit (petrol).
09/2015-CE,
dt. 01-03-
2015
Seeks to amend notification No. 6/2005-
CE, dated the 1st March, 2005 so as to
exempt Additional Excise Duty of 5%
leviable on waters including mineral
waters and aerated waters containing
added sugar.
Goa Branch Newsletter
April 2015
15
08/2015-CE,
dt. 01-03-
2015
Seeks to amend notification No. 2/2011-
CE, dated the 1st March, 2011 so as to
make necessary changes in the specified
entries therein.
07/2015-CE,
dt. 01-03-
2015
Seeks to amend notification No. 1/2011-
CE, dated the 1st March, 2011 so as to
make necessary changes in the specified
entries therein.
06/2015-CE,
dt. 01-03-
2015
Seeks to amend Notification No.
42/2008-CE, dated the 1st July, 2008 so
as to prescribe new rate of duty to Pan
Masala and Gutkha.
05/2015-CE,
dt. 01-03-
2015
Seeks to amend Notification No.
16/2010-CE, dated the 27th February,
2010 so as to prescribe new rate of duty
to unmanufactured tobacco and chewing
tobacco.
04/2015-CE,
dt. 30-01-
2015
Seeks to further amend notification No.
12/2012 - Central Excise dated
17/03/2012
03/2015-CE,
dt. 16-01-
2015
Seeks to further amend notification
No.12/2012-Central Excise, dated the
17th March, 2012
02/2015-CE,
dt. 07-01-
2015
Seeks to further amend notification no
12/2012 - Central Excise dated
17/03/2012
01/2015-CE,
dt. 01-01-
2015
Seeks to further amend notification no
12/2012 - Central Excise dated
17/03/2012 so as to increase the Basic
Excise Duty (BED) on petrol (both
branded as well as unbranded) and diesel
(both branded as well as unbranded)
Goa Branch Newsletter
April 2015
16
CA. Naveen G. Daivajna, Immediate Past Chairman, Goa Branch, welcoming the delegates and inaugurating at the CPE Talk on Recent Notification on Goa VAT Rules, 2005 & Issues in Goa VAT Audit held on 17
th January 2015 at GCCI Hall, Panaji, Goa. Seated on the dais -
from left to right CA. Sandip Bhandare Faculty & CA. Kiran Kharangate, Chairman, Goa Branch
Participants at the CPE Talk on Recent Notification on Goa VAT Rules, 2005 & Issues in Goa VAT Audit held on 17
th January 2015 at GCCI
Hall, Panaji, Goa. .
CA. Anup Borkar awarding the winners at the WICASA Sports Meet for CA students held on 24th January 2015 at Multipurpose Sports Complex (SAG), Fatorda, Margao, Goa
CA. Sandip Bhandare, Faculty addressing the participants at the CPE Talk on Recent Notification on Goa VAT Rules, 2005 & Issues in Goa VAT Audit held on 17
th January 2015 at GCCI Hall, Panaji, Goa.
Students taking part in the Sports Meet for CA students held on 24th January 2015 at Multipurpose Sports Complex (SAG), Fatorda, Margao, Goa
CA. Anup Borkar awarding the winners at the WICASA Sports Meet for CA students held on 24th January 2015 at Multipurpose Sports Complex (SAG), Fatorda, Margao, Goa
Goa Branch Newsletter
April 2015
17
Retired DGIT, Shri G.P. Prabhu presenting the winners trophy to North Income tax team at the Annual Cricket Match between Chartered Accountants & Income Tax Officials held on 31st January 2015 at Arlem Grounds, Margao, Goa.
Shri. Mahadev Narayan Naik – Hon’ble Minister for Cooperation, Government of Goa, lighting the traditional lamp at the Inauguration of National Conference on Accounting, Income Tax & Audit for Housing Co-operatives held on 7th February 2015 at Hotel Fidalgo, Panaji, Goa in the presence of CA. R. K. Pikale, Chairman, Goa Housing Federation & Past Chairman, Goa Branch, CA. Naveen Daivajna, Imm. Past Chairman, Goa Branch, Dr. M. L. Khurana, Advisor , National Cooperative Housing Federation of India, CA. Rajkumar S. Adukia - Chairman, Committee for Cooperatives & NPO Sectors, ICAI, Shri. S. N. Sharma, MLA, Chairman, National Cooperative Housing Federation of India, Former Cabinet Minister (Government of Madhya Pradesh & Chhattisgarh) , Shri B. S. Manhas, NCHF.
.
CA Ramesh Prabhu, Faculty addressing at the National Conference on Accounting, Income Tax & Audit for Housing Co-operatives held on 7
th
February 2015 at Hotel Fidalgo, Panaji, Goa.
Retired DGIT, Shri G.P. Prabhu presenting the winners trophy to North CAs team at the Annual Cricket Match between Chartered Accountants & Income Tax Officials held on 31st January 2015 at Arlem Grounds, Margao, Goa.
CA. R. K. Pikale, Chairman, Goa Housing Federation & Past Chairman, Goa Branch welcoming the delegates at the National Conference on Accounting, Income Tax & Audit for Housing Co-operatives held on 7th February 2015 at Hotel Fidalgo, Panaji, Goa. Seated on the dais - from left to right Dr. M. L. Khurana, Managing Director , National Cooperative Housing Federation of India , Shri B. S. Manhas,NCHF ,Shri. S. N. Sharma, MLA, Chairman, National Cooperative Housing Federation of India, Former Cabinet Minister (Government of Madhya Pradesh & Chhattisgarh), Shri. Mahadev Narayan Naik – Hon’ble Minister for Cooperation, Government of Goa, CA. Rajkumar S. Adukia - Chairman, Committee for Cooperatives & NPO Sectors, ICAI, CA. Naveen Daivajna, Imm. Past Chairman, Goa Branch.
Participants at the National Conference on Accounting, Income Tax & Audit for Housing Co-operatives held on 7
th February 2015 at Hotel
Fidalgo, Panaji, Goa
Goa Branch Newsletter
April 2015
18
CA. Satyaprakash Kamath addressing the students at the GMCS Course -1 held between 11
th to 28
th February 2015 Goa Branch
Premises, Panaji, Goa
Mr. Narayan Bandekar, President of GCCI, addressing the audience at the Budget Talk organized jointly with Goa Chamber of Commerce & Industry on 2
nd March 2015 at GCCI hall, Panaji. Seated on the dais -
from left to right CA. Sandip Bhandare, Past Chairman, Goa Branch & Vice President of GCCI, CA. Deepa Dalal, Faculty, CA. Kiran K. Kharangate, Chairman, Goa Branch, CA. Chirag Bhat Faculty, CA. Vinesh R. Pikale, Secretary, Goa Branch.
Participants at the Budget Talk held on 2
nd March 2015 at GCCI Hall,
Panaji.
CA. Santosh Kenkre addressing the students at the GMCS Course -1 held between 11
th to 28
th February 2015 Goa Branch Premises, Panaji,
Goa
CA. Kiran Kharangate, Chairman, Goa Branch, presenting a momento to CA Deepa Dalal,Faculty at the Budget Talk organized jointly with Goa Chamber of Commerce & Industry on 2
nd March 2015 at GCCI hall,
Panaji
CA. Kiran K. Kharangate, Chairman, Goa Branch, welcoming CA. Dr. Girish Ahuja, Faculty at A CPE Talk on Analysis of Budget 2015 held on 6
th March 2015 at Hotel HQ, Vasco, Goa
Goa Branch Newsletter
April 2015
19
CA. Parimal Kulkarni, Faculty addressing at the Talk on Service tax and Cenvat proposals in Budget 2015 held on 12
th March 2015 at GCCI
Hall, Panaji, Goa
CA. Vinesh R. Pikale, Secretary, Goa Branch welcoming the participants and inaugurating the Seminar on Bank Branch Audit held on 20
th March 2015 at EDC Hall, Panaji, Goa. Seated on the dais CA.
Kiran K. Kharangate, Chairman, Goa Branch & CA. Atul Bheda, Faculty.
CA. Mangesh Kinare, Past Chairman WIRC & RCM addressing the participants at Seminar on Bank Branch Audit held on 20
th March 2015
at EDC Hall, Panaji, Goa. seated on the dais CA. Shriniwas Joshi Past Chairman WIRC & RCM & CA. Vinesh R. Pikale, Secretary, Goa Branch
Participants at the Talk on Service tax and Cenvat proposals in Budget 2015 held on 12
th March 2015 at GCCI Hall, Panaji, Goa
CA. Atul Bheda, Faculty addressing the participants at Seminar on Bank Branch Audit held on 20
th March 2015 at EDC Hall, Panaji, Goa.
CA. Shriniwas Joshi Past Chairman WIRC & RCM addressing the participants at Seminar on Bank Branch Audit held on 20
th March 2015
at EDC Hall, Panaji, Goa. Seated on the dais CA. Shravan Swarup.
Goa Branch Newsletter
April 2015
20
CA. Satyaprakash Kamath, addressing the participants at the Meeting on New Scheme of Education and Training for CA Students held on 24
th March 2015 at Menezes Braganca Hall, Panaji, Goa.
Seated on the dais CA. Kiran K. Kharangate, Chairman, Goa Branch & CA. Vinesh R. Pikale, Secretary, Goa Branch
CA. Satyaprakash Kamath, addressing the participants at the CA Students Seminar on Central Excise & Customs held on 25
th March
2015 at Goa Branch Premises, Panaji, Goa
Please register your name at Goa Branch office
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Sr. No. Programme 1. Talk on Goa Budget 2015 Analysis – 18th / 25th April 2015
2. Seminar on Different Modes of Finance – 8th / 15th May 2015
3. International RRC / Study Tour – 26th – 30th May 2015
4. Two Day Sub-Regional Conference (Details to follow) – 5th/6th June
2015
Goa Branch of WIRC of ICAI
201/202, Kamat Towers
Patto Plaza, Panaji
Goa 403001.
Tel: +91 832 2438516
Email: [email protected]
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