Chairman's Message

Dear Esteemed Colleagues, Dear Esteemed Colleagues,
The General Elections in the Country and Assembly elections in the state have concluded and results have also come. The people of the country and state have given clear mandate. This gives ample strength to the newly formed Governments in State and Centre respectively. The much awaited project of Self Service Portal of ICAI is going to be operational. This will make ICAI progress on the path of digitalization. Members can click on "eservices" link on www.icai.org home page to access the Self Service Portal. The Government of India initiative for Digital Storage of Documents such as PAN, Driving Licence, Vehicle RC, Educational Qualification certificates through its website www.digilocker.gov.in is gaining momentum. I request the members to utilize the facility and encourage others too. It will help to preserve the valuable documents in digital platform. Driving licence can be shown through digiloclker app if physical document is not available. For complete details you can visit www.digilocker.gov.in. I urge all the members to pay their membership fees to the ICAI by 30" June 2019. Also make generous contributions for CABF.
Forthcoming Programs: Full Day Seminars: We are having Full Day Seminar on 08th June 2019 GST Annual Returns and GST Audit by CA. T. R. Rajesh from Bengaluru and CA. Sangu Rama Krishna from Visakhapatnam. We are having a Full Day Seminar on 15" June 2019 on "Changes in ITRs" by CA. E. Krishna Harish from Vizinagaram , Critical issues in Section 44AD and 44ADA of Income Tax Act by CA. Samvit Durga from Vizianagaram and Practical Issues in Computation of Income under Section 10(23C) and Section 12A of Income Tax Act and Changes in ITR 7 by CA. Suresh Kejriwal from Kolkata. CPE Study Circle meeting On 3rd June 2019 we are having a study circle meeting on "Recent Changes in GST" by CA. Sunil B Gabhawala from Mumbai.On 12th June 2019 we are having a study Circle meeting on "Recent changes in Gifts under Income Tax Act" by CA. T. Ramprasad from Visakhapatnam. On 19th June 2019 we are having a study circle meeting on "Corporate Fallouts a Case Study" by CA. Boyina Narendra from Srikakulam.
Other Programs: The 42nd Annual General Meeting of Visakhapatnam Branch of SIRC of ICAI will be held on Monday, the 17th June 2019 at 6.00 PM. I request all the members to make it convenient to attend the same. On 21st June 2019 the Branch is celebrating International Yoga Day by organizing lecture importance of Yoga and Teaching Yoga by expert in the field of yoga. CA Day Institute of Chartered Accountants of India has come into existence on 1st July 1949 and we celebrate and recognize the day as CA Day. We rededicate ourselves to the profession. With its humble start the profession has now grown in leaps and bounds and ICAI has achieved recognition as a Premier Accounting Body not only in the country but also globally. On the eve of CA day, we are organizing games for children and ladies of our fraternity, we are organizing Blood Donation camp on 30th June and 1st July. ICAI is completing 70 years and it is a proud moment for each one of us to be part of this successful journey. I request all the members to actively participate in events for CA Day. Activities in May 2019: On 4th May we have conducted full day seminar on Company Audit and Recent Changes in TDS by CA. Sanjay Jain from Hyderabad and CA. D. R. Venkatesh from Bengaluru. The program was well received by delegates I thank both the resource persons for making the seminar lively and interactive. The Three Day Advanced Workshop on GST on 10th,11th& 12th was a grand success. There were 183 delegates registered from across country. We had delegates from Ongole, Hyderabad, Jeypore and other districts of Odisha apart from members in Industry and members from the branch. The presentations by eminent speakers CA. Mandar Telang, CA. Jatin Harjai, CA. Prasanna Krishnan, CA. Jatin Christopher, CA. Venugopal Gella, CA. Vinay Gandhi, CA. Anil Bezawada, CA. Ashish Kumar Agarwal were very well received by the delegates. I thank CA. D Prasanna Kumar, Member of GST and Indirect Taxes Committee of ICAI for inaugurating the three days workshop. My thanks to Indirect Tax Committee of ICAI for giving this opportunity to host the meeting. On 16th May 2019 we have conducted as Study Circle meeting on Joint Development Agreements under GST. The speaker CA. Anil Bezawada has brought the subject in a very effective manner and was well received by members. On 18th May 2019 we have conducted a workshop on Sharing Experiences in Bank Audit 2019. The discussion was led by CA. V. S. Prakasa Rao and CA. T. L. N. Bharati. The speakers have brought out good points which were actively supplemented by participants. On 25th May 2019 we organized a Half day Seminar on Recent Changes in Labour Laws by Mr. S. V. Ramachandra Rao. The speaker discussed all the major changes affecting the business in labour laws. I thank all the speakers for their efforts in sharing the valuable knowledge with the members. On 3rd May 2019 we conducted a study group discussion to send comments on exposure draft AS 17. On 5th May 2019 we conducted a study group discussion to send suggestions for Pre Budget Memorandum. I thank the members for sparing their valuable time and participating in study group.
We have conducted ISA Revision classes on 15th and 16th May 2019. Also ISA Eligibility test was organized at Branch on 25th May 2019. Before concluding, I request you to block two days in your diary for our forthcoming Sub Regional Conference in the State of Andhra Pradesh on 5th and 6th July 2019 "Shreyas" Excellence in Profession. Our Profession is seeing constant changes and also many newer areas are emerging. Hence, this Sub Regional Conference being organized by SRIC of ICAI, hosted by Visakhapatnam Branch of SIRC of ICAI. The topics chosen are designed to meet the requirements of Chartered Accountants both in Practice and Service. This mega event will be an ideal platform for the members to network and to have quality deliberations, exchangeof views and ideas for the betterment of our profession. Besides this,the Conference will nurture the feeling of togetherness & belongingness amongst us. I request you all to participate actively in making this mega event a grand success.

With Warm Regards
CA. M. Chalapathy Rao
Chairman