Business Bureau :
THE Nagpur Branch of WIRC of ICAI, recently hosted virtual CPE meet cum webinar on the topic ‘GST–Burning Issues’. “Due to unfortunate health crisis in the form of COVID-19, members were missing seminars for getting updated in the areas of professional interest. However, webinars are getting organised and that too at regular intervals which are serving the purpose in the best possible manner. On the basis of past feedbacks of members regarding back-to-back webinars with resource persons of national repute are giving satisfaction to Team Nagpur and enabling the CA members enjoy leading edge in these testing times,” CA Kirit N Kalyani, Chairman of Nagpur Branch of WIRC of ICAI, said.
The chief guest, CA Satish Sarda, past Chairman of Nagpur Branch, guided the members with the latest amendments in the Act, with respect to the topics of discussion. He appealed the members to stay updated at all times with due reference to the notifications and circulars. To effectively serve the clients in the most efficient manner.
To resolve practical difficulties in the matters of refund, taxability of certain services, etc. CA Sarda, explained that, if independent director is not an employee, the company will be liable to pay GST on RCM basis. “Regarding applicability of GST Audit where turnover of dealer having multiple GSTIN, even though in same State, indirect income like rent, sale of scrap, exempt income like rent received from residential property etc., needs to be aggregated,” he said. He congratulated Team Nagpur led by CA Kirit Kalyani in their ventures, even in testing times and enabling members to get knowledge updation through webinars. CA Vishal Poddar, Nashik covered in detail the topics of discussion.
He briefed about the history of enactment, as well. He deliberated very effectively and discussed the burning issues in the Act, duly referring to the Court Cases which give required direction to the professionals in the matter of serving the clients properly. CA Jiten Saglani introduced the resource person for the event. CA Akshay Gulhane, Chairman WICASA proposed vote of thanks. Prominently present were CA Zoeb Anwar, CA Madhav Vichore, CA Radheshyam Sarda, CA Asma Chimthanwala, CA Anil Saraf, CA Prafulla Bagri and CA C V Paturkar.