CAs should explore multiple opportunities: CA Jaydeep Shah

Source: The Hitavada      Date: 04 Jan 2018 10:31:44


Business Bureau,

In the recent times, chartered accountancy profession has witnessed multiple changes with increasing number of professional opportunities. It is the need of the hour to explore multiple opportunities available and to adopt them, said CA Jaydeep Shah, Past President of ICAI.

He was speaking as a chief guest at the national seminar on ‘Professional Opportunities’ organised by Nagpur Branch of ICAI under the aegis of Committee for Capacity Building of Members in Practice, New Delhi. He said, “With multiple new laws coming in, it is important to update ourselves not only to know the opportunities but also to understand the intricacies involved therein. Knowledge updation should be a continuous process for the professionals looking to the multiple changes.” “After introduction of the Goods and Services Tax (GST), we have seen number of changes brought in to streamline the law. As far as Income-Tax is concerned, it is a well settled law after so many years but as far as GST is concerned there are multiple views and interpretation amongst professionals,” he said. All these issues will be settled to a larger extent but it will take some time. The concept of matching under GST is a welcome step and this will help the traders in multiple ways. In time to come, due to difference of opinion and various other reasons the litigation will increase for which the professionals should be ready.

“As far as Insolvency & Bankruptcy Code is concerned, it is a very good area for CAs where along with logic and experience, understanding business is equally important,” he noted.
He appreciated the efforts of the Nagpur Branch in organising series of event for knowledge updation of members and also for organising two days event with topics of professional interest with finest speakers.

CA Mangesh Kinare, Central Council Member and Vice-Chairman of Board of Studies explained the various developments being undertaken at the Board of Studies in the CA curriculum. He said, there are lot of challenges in the new course for the CA students.

“Very soon we will have case study paper base and open book examination for the CA students. These new developments will give an exposure about the practical field to the students and will help them to become more confident. After introduction of GST, there are multiple new avenues opened for the professional,” he added.

CA Abhijit Kelkar, RCM said, such programmes with multiple experts deliberating on multiple topics will give a new insight to the professionals and will also increase their knowledge. He said, the next quarter of the financial year will be full of work and multiple challenges for which the members should be ready. CA Sandeep Jotwani, Chairman of Nagpur Branch of ICAI in his welcome address said, the purpose of organising the seminar was to create awareness amongst the members about the latest developments as well as the multiple new opportunities in the recent scenario. “Although, we all are working in multiple fields but it is important that we should enjoy our work which will help us to do justice to our work and clients,” he added..

In the seminar CA Kapil Goel from New Delhi, CA Deepak Thakkar from Mumbai, CA Chetan Dalal from Mumbai, CA Charanjot Singh Nanda from New Delhi, CA Ramesh Prabhu from Mumbai and CA Khushroo Panthaky from Mumbai deliberated on various topics of professional interest and multiple opportunities.

CA Umang Agrawal, Vice-Chairman of Branch co-ordinated the event whereas as CA Suren Duragkar, Secretary of Nagpur Branch proposed the vote of thanks. Prominently present were CA Julfesh M. Shah, Member of PR & CSR Committee of ICAI, CA Kirit Kalyani, CA Saket Bagdia, CA Sanay M. Agrawal, CA Jiten Saglani, CA Swapnil Ghate, CA Swapnil Agrawal and others.