The Indirect Taxes and Allied Laws committee of the BCAS had organised the 8th Residential Study Course on Service Tax & VAT (RSC) from Friday 13th June, 2014 to Sunday 15th June, 2014 at Khanvel Resort, Silvassa. In all 139 delegates from 25 cities of 11 States attended this keenly awaited Study Course, devoted to indirect taxes. This RSC was attended by many young chartered accountants including 15 lady participants. Many of them attended for the first time.
L to R : Mr. Naushad A. Panjwani (President), Mr. Shailesh Sheth, Mr. Sunil B. Gabhawalla, Mr. Govind G. Goyal
The Course comprised of group discussion on three case study papers and two presentation papers by eminent faculties.
L to R : Mr. Naushad A. Panjwani, Mr. Nitin P. Shingala, Mr. Kaustuv Sen,Mr. Suhas S. Paranjpe
The Course began with a welcome address by Nitin Shingala, Vice President of the Society. Thereafter, Govind Goyal, Chairman of the Committee, presented his opening remarks and Naushad Panjwani, the President, shared his experience with the officials of the Revenue Department from the Ministry of Finance and updated the members about the revenue’s current perception about the defaulting tax payers including expectations of Finance Ministry’s from our CA fraternity. Suhas Paranjpe, convenor, proposed vote of thanks.
Advocate Kaustuv Sen presented his paper in the first technical session, in which he discussed various issues concerning ‘Service Tax Implications on Cross Border Transactions.’ In his paper, he elaborately discussed various practical issues. Advocate Shailesh Sheth chaired the session and touched upon all the issues discussed by the paper writer in a very lucid manner. Members got the benefit of hearing two experts on the same platform. Saurabh Shah presented vote of thanks.
L to R: Mr. Shailesh Sheth,Mr. V. Sridharan, Mr. Saurabh P. Shah, Mr. Rajeev Luthia
On the second day, Senior Advocate V. Sridharan explained certain important judgements of House of Lords and ECJ with its relevance in interpreting Indian Tax Laws. The session was interactive as well as informative. Sunil Gabhawalla chaired the session. Rajeev Luthia thanked the speaker and the chair.
L to R: Mr. Sunil B. Gabhawalla, Mr. A.R. Krishnan, Mr. N. Venkataraman, Ms. Bhavana G. Doshi
Thereafter, Senior Advocate N. Venkataraman presented his paper on various critical issues dealing with ‘Taxation of Works Contract Transactions’ and discussed case studies in the light of various judgements including landmark cases of the Hon’ble Supreme Court. A. R. Krishnan, the chairman of the session, summarised various issues addressed by learned paper writer. Sagar Shah performed the pleasant task by thanking the speaker and the chair.
L to R: Mr. Sagar N. Shah, Mr. Bharat K. Oza, Mr. Uday V. Sathaye, Mr. Bakul B. Modi
The technical discussion was followed by refreshing group activities in the evening. Young members played cricket while many others visited Dudhani Lake and enjoyed boating. The day ended with delicious food and a musical night.
L to R: Mr. V. Raghuraman, Mr. Mandar U. Telang
On the third day, Bhavana Doshi gave a presentation on ‘Intangible-Indirect Issues.’ Based on her wide experience, she made her session lively wherein many participants openly interacted. Uday Sathaye, past-President, chaired the session. Bharat Oza presented a vote of thanks.
