Chairman's Message

Dear Esteemed Colleagues Dear Esteemed Colleagues
The extension of due date for filing ITRs and Tax Audit Reports from 30th September 2019 to 31st October 2019 has come in last hour. This extension should be utilised to have good documentation prepared in support of attest function.The Month of October is packed with festivals Dusherra and Diwali. Amidst the festivals the professionals have to focus on various due dates of Tax Audit, GST Returns and TDS Returns apart from various MCA returns.The decisions in 37th GST Council Meeting to Waive GSTR9A and make GSTR9 optional for Taxpayers having Annual Turnover upto Rs 2 Crores for FY 2017-18 and 2018-19 is also a welcome move.
Pleasure in sharing details about Upcoming Programs:
We're all aware that October is a month of hectic schedule for most of the Chartered Accountants. It is our responsibility to complete the Tax Audit assignments and submit the Audit Report before the due date i.e. 31 Oct 2019 and guide the assessees to file their GST Returns. Hence, we have planned limited Programs for the month of October.On October 18th, 19th and 20th we are hosting a three day training program to take up Limited Insolvency Examination. Taking up Limited Insolvency Exam is a prer equisite for registering as Insolvency professional.
An update on programmes held in September 2019:
On 7th September 2019 a full day seminar on Issues in Finance Act I & II of 2019 and Recent Judicial Pronouncements in Income Tax by CA Avinash Gupta and Mr M V Swaroop was conducted. The Speaker CA Avinash Gupta discussed in detail each c lause of Financ e Ac t and also Mr Swar oop elaborately explained in detail recent case laws in Income Tax.
On 14th September 2019 a half day seminar was conducted on Audit Documentation by CA T L N Bharati. The Half Day Seminar was inaugurated by Dr P V S Jagan Mohan, President, South Asian Federation of Accountants, (SAFA). Dr P V S Jagan Mohan spoke at length about developments in SAFA and requested member s to encourage students to enrol for various debate competitions conducted by SAFA. Dr P V S Jagan Mohan also had interaction with students and encouraged them to turn up as professionals and serve the nation. In the Half Day Seminar CA T L N Bharati discussed elaborately various documentation requirements in tax audit. The participants also shared their queries and views.
On 5th September Branch celebrated Teachers day as per the program given
On 5th September Branch celebrated Teachers Day under the theme "My Teacher Torch Bearer of My Life". On this occasion live web cast of messages of our President, Vice President, Chairperson Board of Studies was organised. Also eminent speakers have spoken through webcast on Journey with the Mentor Guiding force at each ladder of life and Never to give up - Key to success.Branch has organised a special Motivational Session by CA Sangu Ramakrishna and Smt D Kavita.Also an essay and slogan competition for CA Students was conducted marking the occasion.I thank the all speakers for sharing their expert knowledge and contributing their bit in knowledge bank of members and students.Branch has successfully launched eighth days Registered Valuer Educational Course with 34 participants. The course is being attended by Participants from Hyderabad, Rajhmundry and our own Visakhapatnam.
ICAI International Conference in Mumbai
ICAI is organising International Conference in Mumbai on 6th and 7th December 2019. The theme of conf er enc e is Acc ountanc y Prof ession: Catalyzing refor ms, Creating Values . The International Conference will deliberate on the issues related to Taxation Reforms, Future of Corporate Reporting,Auditing reforms, Creation of Stakeholder Value,Technological Reforms and alike and will provide an apt opportunity to delegates to empathize the challenges and oppor t unities available while dealing with areas of contemporary and emerging interest in global economy. I request the members to participate in large numbers and enrich the knowledge.
On behalf of Visakhapatnam Branch SIRC of ICAI, I would sinc er ely request all the member s t o participate and contribute for the said mega event on 18th and 19th of November 2019 at Kochi with theme "Ascend-Gaining new heights and scaling new heights.We are confident that with your active participation and whole hearted support , we can make this event a resounding success.I request the members to generously contribute for Chartered Accountants Benevolent Fund.
Wish you a very festival season ahead
With Ward Regards
CA. M. Chalapathy Rao
Chairman