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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. Pooja Bandekar

CA. Jovilyn Pereira e Dalgado


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,


Chairman

ChaIrman’s communiqué


April 2015

3

Activities organised by the Branch from 1st January to 31

st March, 2015


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


April 2015

4


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


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

http://www.incometaxindia./


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.


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


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



Rule 20 "Voting for electronic means" has been

substituted with the amendment.

Companies (Appointment and Qualification of

Directors)Amendment Rules, 2015



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)


(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:—

http://www.mca.gov.in/


April 2015

8

Companies (Meetings of Board and its Powers)




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)




Companies (Acceptance of Deposit) Amendment

Rules, 2015.



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

http://www.mca.gov.in/Ministry/pdf/General_Circular_5-2015.pdf



http://www.mca.gov.in/Ministry/pdf/Circular_04_10032015.pdf



http://www.mca.gov.in/Ministry/pdf/General_Circular_03_2015.pdf









http://www.mca.gov.in/Ministry/pdf/INDAS101.pdf



















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


Income Taxes

Indian Accounting


Property, Plant and Equipment

Indian Accounting


Leases

Indian Accounting


Employee Benefits

Indian Accounting


Accounting for Government

Grants and Disclosure of

Government Assistance

Indian Accounting


The Effects of Changes in

Foreign Exchange Rates

Indian Accounting


Borrowing Costs

Indian Accounting


Related Party Disclosures

Indian Accounting


Separate Financial Statements

Indian Accounting


Investments in Associates and

Joint Ventures

Indian Accounting


Financial Reporting in

Hyperinflationary Economies

Indian Accounting


Financial Instruments:

Presentation

Indian Accounting


Earnings per Share

Indian Accounting


Interim Financial Reporting

Indian Accounting


Impairment of Assets

Indian Accounting


Provisions, Contingent

Liabilities and Contingent Assets

Indian Accounting


Intangible Assets

Indian Accounting


Investment Property

Indian Accounting


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


(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,-













































































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,-


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.


March, 2015





makes the following further amendments in the


Ministry of Finance (Department of Revenue)



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


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


‗(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.


March, 2015



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:-


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





makes the following further amendments in the


Ministry of Finance (Department of Revenue),



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


(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).


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



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


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.

http://goacomtax.gov.in/uploads/file/113_FILE_trade2.pdf

http://goacomtax.gov.in/uploads/file/113_FILE_trade2.pdf


April 2015

15

08/2015-CE,

dt. 01-03-

2015



make necessary changes in the specified

entries therein.

07/2015-CE,

dt. 01-03-

2015



make necessary changes in the specified

entries therein.

06/2015-CE,

dt. 01-03-

2015


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


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


17/03/2012

01/2015-CE,

dt. 01-01-

2015

Seeks to further amend notification no


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)

http://www.cbec.gov.in/excise/cx-act/notfns-2012/cx-tarr2012/ce12-2012-revised.pdf




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


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


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


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.


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

Views expressed in this Newsletter are those of the individual contributors and not necessarily those of the Goa Branch of WIRC of ICAI. While every effort is made to reproduce ADVERBATIM, Government and/or ICAI references, notifications and other information, readers are well advised to ensure themselves of prior to further deliberation. The publication is distributed with the understanding that authors/editors and publishers are nor responsible for the result of any action taken on the basis of this work nor for any omission or error to any person, whether a purchaser of this publication or not.

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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