CAs must be focussed on all around development: Shah

Source: The Hitavada      Date: 16 Jul 2017 11:04:10

Business Bureau,

THIS July 1 was unique in the history of CA professionals, said CA Jaideep Shah, former President of ICAI, in his inaugural address at the regional conference on ‘GST for CA students’, hosted by the Nagpur branch of WIRC of ICAI and the Nagpur branch of WICASA. Also present on the dais were CA Balkishan Agrawal, WICASA Chairman, CA Sandeep Jotwani, Chairman of Nagpur Branch of WIRC of ICAI, CA Saket Bagadia, Chairman, WICASA, CA Abhijit Kelkar, RCM, CA Suren Duragkar, Secretary, CA Umang Agrawal, Vice-Chairman of Nagpur Branch, CA Jiten
Saglani, CA Sanjay Agrawal and Sonali Raut.

Shah added that July 1, which was the CA Foundation Day, had also become historic as the new tax regime of GST and new syllabus of CA course was launched on the same day. Shah said: “CAs must be focussed on the development around us, and must have the burning desire of acquiring knowledge. CA students must also be aware of the Institute with which they are connected.”

Sharing his experience as board member of the International Standard Accountancy Board, having a membership of 125 countries, Shah noted that Indian CAs were the best in the entire globe while ICAI was the
second largest accountancy body in the world.

Explaining the importance of three years of articleship, Shah said: “Quality of education has never been on compromise in ICAI.” He said that the importance of any man depended upon the knowledge and skills he had and by his virtues and his attitude.” Shah also urged the CA students to have consistency in their hard work. They must have an approach towards how the world is progressing, self-confidence and understanding the realities of life.”
He further said: “You can get what you deserve by 90 per cent of hard work, 5 per cent by luck and the remaining 5 per cent through other factors.”

Quoting the example of CA Jairaman, who was from Nagpur with 100 per cent visual impairment, Shah said he was able to reach higher position while working with the RBI.

CA G G Vaidya, another student from the city with 95 per cent visual impairment, was able to reach the post of Chairman of SBI. “Self-commitment, hard work, self-balance, accepting defeat if it comes are the mantras of success,” Shah said.
CA Balkishan Agrawal, WICASA Chairman said: “Students gain skills automatically through conferences. GST is an instrument for making progress. There are huge opportunities for CA students in GST. The GST will be a game changing tax reform for the economy as it will reduce the cascading effect of tax on the cost of goods and services.” He urged the CA students to do their articleship sincerely. CA Abhijit Kelkar, RCM said that students, who are the future CAs, must remember that they were the partners in nation-building and must learn the new tax properly for its proper implementation.

CA Sandeep Jotwani, Chairman of the Nagpur Branch of WIRC of ICAI noted that CAs were equipped for the new law. He said: “CAs must not restrict their vision to artificial intelligence and depend on the softwares available in the market.” He thanked WICASA for giving the Nagpur Chapter a chance to hold the regional conference.

CA Saket Bagdia, Chairman of WICASA, Nagpur Chapter, in his welcome address said: “An expert in anything was once a beginner. I hope the CA students will learn and enjoy the conference. I wish the students find it helpful and the conference contribute in their understanding of the GST which has been termed as Good and Simple Tax.”
The conference was attended by 700 CA students.