ISSUE NO. 8 & 9 - AUGUST & SEPTEMBER 2016(Subscribers copy not for sale)

Chairperson’s Communique

NEWSLETTERPUNE BRANCH OF WIRC OF ICAI

I am very much delighted and excited to pen down the success story of the “National Conference of Women Chartered Accountants” organised by WMEC and hosted by Pune Branch of WIRC of ICAI. Pune Branch has hosted the conference for the first time in Pune. I am very proud to announce that with the overwhelming response to the Conference, it has resulted into a biggest women ca's conference in the history of ICAI.The theme of the conference was “Women Entrepreneur (WE) – Leading Change”. The logo designed for the conference in synchronisation with the logo of the branch for the year 2016-17 is designed beautifully, giving a deep meaning to the theme of the conference. The conference and program structure is designed in a very unique and innovative way. For the first time in the history of Women National Conferences this conference has a few unique ideas, which I would like to describe herewith -

1. The branch has invited research papers from women CAs all over India and I feel proud to announce that we received 101 papers from almost all parts of India. All the 7 topics given for paper writers were very good and motivating.2. The 10 best selected papers were presented in the conference by the authors. The presentations were awesome. The authors of the next best 10 paper were felicitated. Also, to motivate others to keep writing, the branch published extracts of all remaining 91 papers in the paper book. 3. The volunteers and coordinators of this conference came up with an unique idea of “Sisters in Profession”, where the stay arrangements of the delegates and participants coming from out of Pune are done at the homes of the volunteers and participants from Pune.4. Felicitation of 7 eminent women entrepreneurs in different fields.5. Distribution Eco-friendly kits with no use of plastic.

The three judges' panel took painstaking efforts to read all the 101 papers and marked them. I am grateful to them. All the faculties were eminent, well known and expert in their respective fields. The areas for the technical sessions were identified in such a way as to motivate the women CAs to develop practice in new areas and to motivate them in their ways of life, a step towards real woman empowerment.The group of almost 30 coordinators are taking relentless efforts to spell the success of the conference with proper delegation of duties, bifurcation of the work load, frequent meetings, meetings with Women CAs in big CA firms and Industries. Right from selection of venue to menu all are done by these coordinators. I thank all of them from bottom of my heart. I take the opportunity to thank the WMEC for allotting the Women National Conference to Pune Branch. Last but not the least, I want to thank all the participants from

Managing Commitee

PRICE ``15/-

Central Council Member

Reginal Council Member

CA. Rekha Dhamankar

(Chairperson)

CA. Sachin Parkale

(Vice-Chairman)

CA. Abhishek Dhamne

(Secretary)

CA. Rajesh Agarwal

(Treasurer)

CA. Charuhas Upasani

(Chairman - Pune Wicasa)

CA. Anand Jakhotiya

CA. Arun Anandagiri

CA. Ruta Chitale

CA. S. B. Zaware

CA. Sarvesh JoshiCA.Satyanarayan Mundada

Plot No.8, ParshwanathNagar, CST No. 333,Sr.No.573, Munjeri,Opp. Kale hospital,Near Mahavir Electronics,Bibwewadi, Pune 411037

Tel: (020) 24212251 / 52Mo.: 07304142434Web: www.puneicai.orgEmail: pune@icai.org

Pune Branch of WIRC of ICAI

News Letter Editor

CA. Ruta Chitale

Most useful asset of a person is not only a head full of knowledge but also a heart full of love, ears open to listen and hands willing to help.

Words have no value. But the manner in which you chose them while speaking decides whether you will get value or pay for them.

Pune and out of Pune, who are sparing their valuable time to attend the conference.Recently we had program on GST “GST Masterclass” which got overwhelming response and was attended by 552 members.

Future plans: 1. Certification courses on FAFP, Concurrent Audit, Valuation, ISA, Indirect Taxes2. 2 days workshop on GST3. Interactive meeting with Income tax officials to smoothen the scrutinies, appeals and formation of informal grievance redressal forum4. Facilities of video conferencing at the branch5. Making ICAI Bhavan Wi-Fi enabled for students and members who are visiting the branch6. Revamping the website of the branch7. Renovation and painting of the building8. Strengthening the mobile application and its useThere are quite a few other plans also in mind. I invite your suggestions and contribution for the same.

Forthcoming Programmes of Pune Branch of WIRC of ICAI [For the Month September, 2016]

2

th20 Sept,2016Educational Visit for CA

students

"RED FM" Office No-105, 4th Floor, F Wing.

K.K. Market,. Dhankawadi, Pune.

10:00 AM

To

11:30 AM

NA1 NA

th20 Sept,2016

Seminar for CA students on

How to face CA IPCC

Exams

ICAI Bhavan, Pune ICAI, Bibvewadi, Pune

411037.

10:00 AM

To

1:00 PM

NA2 NA

th20 Sept,2016

Seminar for CA students on

How to face CA FINAL

Exams

ICAI Bhavan, Pune ICAI, Bibvewadi, Pune

411037.

2:00 PM

To

5:00 PM

NA3 NA

th 26 Sept

to rd3 Oct, 2016

Mock Test for IPCC & Final

Students

Sinhgad Technical Education Society's - Smt.

Kashibai Navale College of Commerce

(SKNCC), 19 /15, Erandwane, Smt. Khilare

Marg, Off. Karve Road, Pune -411004

2:00 PM

To

5:00 PM

NA4 NA

th30 Sept,2016Seminar for CA students on

How to face CA CPT Exam

ICAI Bhavan, Pune ICAI, Bibvewadi, Pune

411037.

6:00 PM

To

8:00 PM

NA5 NA

rd3 Oct

to th9 Oct, 2016

Certification course on

FAFPUnder Finalization6

th 4 Oct, 2016Seminar on GST for CA

Students

ICAI Bhavan, Pune ICAI, Bibvewadi, Pune

411037.

10:00 AM

To

5:00 PM

NA7 NA

SR. NO.

DATE SEMINAR NAME

FEESCPEHRS. TIMEVENUE

Thanks and regards.CA Rekha Dhamankar

Chairperson, Pune Branch of WIRC of ICAI

Success will never lower its standard to accommodate us. We have to raise our standards to achieve it. For every bird God provides food, but not in its nest.

3

th 4 Oct, 2016

Interactive meeting with

Income tax officials for

smooth scrutinises and

appeals

Under Finalization8

rd 23 Oct,2016

Seminar on Impact of

Critical Legislations on

Real Estate Sector – RERA

and GST

ICAI Bhavan, Pune ICAI, Bibvewadi, Pune

411037.

10:00 AM

To

1:00 PM

NA9

15th -16th Oct,

22nd -23rd Oct, 28th

-29th Oct, 5th – 6th

Nov & 12th -13rd

Nov, 2016

Certification course on ISA Under Finalization10

Under Finalization11 Two days workshop on GST

Notes:-

1) Programme timing includes 1st half an hour Registration & Breakfast.

2) For online registrations & detailed programme structure visit www.puneicai.org

SR. NO.

DATE SEMINAR NAME

FEESCPEHRS. TIMEVENUE

One Day Training Programme For Peer Reviewers

CA D.G. Kurundwadkar

-Speaker

CA Uday Sathe -Speaker CA Khurshed Pastakia

-Speaker

CA Ashok Pradhan

-Speaker

CA Shrinivas JoshiSpeaker

Seminar on CARO, 2016 & Recent Amendments in Companies Act 2013

First a thought, then transformation of that thought into ideas and plans, then organization of those plans into reality. The beginning, as you will observe, is in your imagination.

4

CA Foundation Day Celebration 2016

Flag Hoisting Dental Check upSwachha Bharat Abhiyan

Blood Donation Camp

Tree Plantation

Adv. Neelima Vartak, Speaker.Creating Awareness About New Laws

For Protection Of Women Rights

Women Empowerment Program

(Blood Sugar, Thyroid, Cholesterol, ECG, Pulmonary Function Test, Body Fat Analysis (BMI), Bone Density)

Health Check up

Where there is struggle, there is a story. Where there is belief, there are miracles and where there is truth, there is victory.

5

CA Foundation Day Celebration 2016

Sports Competition

Carrom Competition Chess Competition Table tennis Competition Badminton Competition

Exhibition And Competition

Display of Photography Display of Painting

Competition-Entertain Audience In 5-7min

Poetry & Short Skits Competition

Dance Competition

Felicitation of Senior Members of the Profession

Cultural Programme, Musical Show- Ek Main Our Ek Tu-Duet Songs

Its said when you want something to happen, the entire world conspires it to make it happen. And then when it actually happens, you are left wondering now what to do! Same is the feeling with Goods and Services Tax (GST) which was eluding India since so many years.

rdOn 3 August entire India was glued to Rajya Sabha (as if it's an India vs Pakistan cricket match!) when the Rajya Sabha successfully passed the Constitutional Amendment Bill for GST (GST Bill) which will eventually pave the way for GST in India.

Now, as the Government is likely to introduce GST from 1 April 2017, so it can be said that it is just a matter of few months (8 months to be precise) before GST may become a realty in India. So, in the following paras, the critical step planfor business to be GST ready is discussed.

Decode GSTIt is an accepted fact that GST is not merely a tax change but a business change as it will impact all functions of an organisation such as finance, product pricing, supply chain, information technology, contracts, commercials etc.Thus, its imperative that all these functional teams should be aware about the GST. But the underlying question is what should these team members read/ refer for GST?

In this regard, its pertinent to note that most of the key aspects of the proposed GST regime are already in public domain through various such as Model CGST/ SGST and IGST Act 2016, Reportson registration, Reports on payment, Reports on refunds etc. Thus, based on this legal knowledgeof GST available in public domain the organisation may consider sensitising its employees.

The organisation can consider sensitising its entire business eco-system i.e. not only the employees but also vendors(such as Tier-1, Tier-2 vendors etc) and key customers of the organisation. An early initiation of training will give the concerned employees, vendors and customers a sense of involvement in discussion much before GST legislation it is put in public domain.

Understand the GST impact GST may provide opportunities but at the same time it could bring threats. Given this, an organisation may consider carrying out an exercise to identify how its operations will get impacted because of GST. For GST Impact Analysis exercise, the respective department heads such as finance, supply chain, product pricing, human resource etc should be involved to ensure that they provide their inputs and suggestions.

Going one step forward, organisations can also identify possible

The greatest value of having good people around you is not what you get from them, but the better person you become by being with them.

GST Bill passed! Now, what to do?

Contributed by CA. Pritam Mahure | Email :- capritam@gmail.com

cost savings which key suppliers / vendors could be entitled to in the proposed GST regime. Based on the possible cost savings to suppliers / vendors, the organisations can have discussion with its vendors for passing of benefits by way of cost reduction in the coming years (i.e. after GST is introduced). Early discussion and engaging with vendors for GST will ensure maximum possible benefit to be passed on to the organisation.

Organisations will also have to take into consideration the increase (most likely!) or decrease (least likely!) in tax compliances. For most of the organisations, in GST regime, compliances are expected to increase dramatically. Take example of a service tax assessee, who currently files 2 returns on an annual basis. Now, in GST regime, Service tax assessee could be required to file as many as 61 returns (5 returns per month plus 1 annual return)!!! Thus, in human resource department will have to be informed about the GST regime so that they can anticipate the increase (and decrease in certain cases) in the manpower.

Gear up for transition of IT systemsInformation Technology (IT) is a key area for business organisations as irrespective of the fact whether the organisation is ready or not, on the very first day GST is introduced, the information technology system of an organisation has to be ready and running else it will bring the entire business to standstill.

Take example of a retailer having multi-state presence. Currently, his IT system generates invoice/ bill with applicable respective VAT or CST. In GST regime, the IT System should generate invoice/ bill with applicable CGST and SGST or IGST. For a service provider,there could be more challenges as applicability of CGST and SGST or IGST will depend on the Place of Supply provisions (to determine whether the transaction is intra-State or Inter-State). Thus, embedding the Place of Supply provisionsin the IT system could pose a major challenge.

Given this, to avoid the threat of disruption of business, it is advisable that early study should be carried out to understand how the systems migration for GST could be done.

Design Alternate Business StrategiesTo gear up for GST regime, the organisation may identify alternate efficient business strategies to ensure smooth transition to GST. Even, supply chain strategies is expected to undergo a major change as entire India will become one market and there may not be any tax cost involved for intra-State vis-à-vis inter-State procurement of goods. An organisation will have to re-visit their pricing strategies as business competitors may well reduce prices of their product to pass on the GST benefits.

6

carefully!'.Thus, efforts should be made by the organisation to identify the possible issuesfor which appropriate representation could be made before the Government though various trade chambers and forums.

While current economic situation is characterised by volatile economic conditions, introduction of GST remains a ray of hope, thus early initiation of aforesaid steps can surely help the organisationsgain most of the proposed GST regime. Now, it seems GST is an idea whose time has come!

However, while forming alternate business strategies, it goes without saying that the organisation should take into consideration the commercial feasibility of alternate business strategies before these strategies are recommended.

Make RepresentationIntroduction of GST regime could affect negatively (than positively!) to few industries/ sectors. GST can have a tagline 'GST is a matter of solicitation. Please read all the law documents

Behaviour is somewhere greater than knowledge because there are many situations where knowledge fails, but behavior handles the things.

CA Foundation Day Celebration 2016

Awareness Programme On Income Declaration Scheme, 2016

CA Nilesh Vikamsey ,Vice-president, ICAI -Speaker

Shri. Hasmukh AdhiaHon. Revenue Secretary -

Speaker

Smt. Nishi SinghCBDT Member-Speaker

Smt.Gunjan MishraPrincipal CCIT, Pune-Speaker

5-a-Side Football Tournament (FutSal)

7

On the backdrop of the National Conference for Women CA's, I have briefly attempted to highlight the challenges which women face and how these challenges can be overcome in the quest of achieving milestones in their careers. Though we all know and discuss about issues at workplace, at times it is worthwhile to pen down and ponder upon as it can give a new dimension to the thought process. Gender Bias – This is one of the most challenging issue faced by women at workplace. Though the gap has narrowed to a large extent yet for certain opportunities men are considered eligible over women for the role. Typically jobs which require frequent travel, physical exertion are open for counterparts. Women have to face discomfort questions regarding marriage plans to family planning during the process of hiring. This is primarily because companies cannot afford or are not willing to compromise the time constraints that a woman may have to undergo due to this factor. Fortunately this concern is recognized and social welfare organizations like UN are raising this concern globally by bringing in an awareness to remove gender bias at workplace.

Work Life Imbalance – This is another significant issue which women have to encounter once she takes up her career. It is really challenging to differentiate professional life and personal life in certain situations. Women tend to mix up these two aspects and land her in clashes with family or at the official front. Our counterparts handle these situations easily probably because the priority is clearly defined for them whereas women juggle between the priority to be given to officially and on the personal front. In the pursuit to achieve career goals, it's quite tough to let go of personal commitments and vice –versa. The best possible way to manage paradoxical situations is to plan well ahead of time and setting the priority right. This can help to manage the situation in the most effective way.

Lack of Role Models- Though women have proved their capabilities time and again yet it is noticed that the cream layer is still mostly occupied by men. Female role models are few in number as compared to men and hence when women look up to female role models the range is not very extensive. If women turn to look up to men as role models then they experience certain amount of disconnect due to the style of managing things differently.

Power Play- Office politics plays another major factor to encounter to climb the ladder in an organization. Women need to be strong to handle this on the emotional front. In fact it's more of an art to respond to a situation instead of reacting on it. This also includes taking

criticism in the right perspective and using it as a feedback mechanism.

Ego Clashes- With the number of women on an increase in managerial roles, ego clashes are pertinent. Women have to handle such situations intelligently while interacting with peers, subordinates and superiors. It's a task to manage work amidst an environment where the mindset in men prone. However with the natural instincts women are better equipped to manage such situations in the best possible manner. This can also be bettered with right observation of people and environment around. Here are some self- motivating factors to boost oneself.

Healthy Self Confidence- Having a high level of Self Confidence will help overcome hurdles and resolve matters in a much better way. It also increases the drive to perform and achieve superior results. One way of building self-confidence is to recollect earlier achievements however small they maybe and set up higher goals of achievement. This is more of self implemented exercise to be revisited at regular intervals. Resilience to react to difficult situations build self-confidence and takes it to higher levels.

Optimistic Attitude- This is another factor which can turn situations favorably. It is very important to maintain an optimistic attitude since they in turn lead to taking better decisions. A calm mind and an holistic approach to situations can improve the quality of work. It has been observed in numerous situations where keeping the right attitude has outnumbered intelligent decisions.

Setting Goals- Devising step-wise goals makes achievement realistic and also brings in enthusiasm. This in turn leads to greater achievements. Personal and professional goal setting is equally important. Focus in setting goals helps to implement plans in an effective manner. Self evaluation of goals at regular intervals helps to keep track of the goal and achievement.

Supportive Environment- Though this is an external factor it encourages a conducive environment to promote achievements at work place. Individual contribution matters in creating supportive environment by networking with peers and subordinates. In this short write-up I have tried to bring out certain aspects which can be delved upon and applied individually. To sum up it depends on the individual to boost confidence and take steps in achieving higher goals to move on higher in career. Author is working in Oman (Maskat) as Assistant Finance Manager in a Company.

Quality is never an accident. It is always the result of high intention, sincere effort, intelligent direction and skillful execution.

Challenges Encountered By Women At Workplace And Factors To Overcome These Hurdles

Contributed by CA. Swati Puranik-Risbud | Email :- shriram.puranik@gmail.com

8

Acceptance is a great quality that we need to possess; because life never accepts how we are but we need to accept the way life presents itself to us.

9

“Women Entrepreneurs {WE} – Leading Change”

National Conference of Women Chartered Accountants

Dr. CA Reeta Shah - Speaker

Mr. Harshad Shinde - Speaker

Inaugural Session Mrs. Meenal Mohadikar- Chief Guest Adv. Manisha T. Karia - Speaker

Ms. Sucheta Dalal - Speaker CA Vandana Poria - Speaker

Mrs. Neela Satyanarayana - SpeakerCA Chetan Dalal - Speaker

OBITUARY

No one gets a sudden rise, not even the sun. It takes time to rise to the peak of success. Just keep your efforts going and be positive.

10

Place of supply of goods and services under GST regime

Contributed by CA. Yogesh Ingale | Email :- ca.yogeshingale@gmail.com

Background:-In present scenario, service tax is levied on service which is governed by Chapter V of Finance Act, 1994. Service Tax is consumption based tax. It is levied on the services provided in taxable territory. Hence, to determine where the services have been provided or to be provided, Place of Provision of Services Rules, 2012 were introduced.

Place of supply under GST regime:-Proposed GST can be categorised into CGST i.e Central GST, SGST i.e State GST & IGST i.e Integrated GST. Place of supply will play vital role for determination levy of CGST & SGST or IGST.

In this article, provisions related to place of supply are as per Integrated Goods and Services Tax Act, 2016. We are going to study place of supply of goods in this article.

CGST/SGST v/s IGST:-Supply of Goods or Services can be categorised in “Intrastate supply” & “Interstate supply”. Interstate supply includes international transactions. CGST/SGST is to be levied on intrastate transactions while IGST is to be levied on interstate transactions. These two types of supplies is to be determined according to destination of supplies. This can be concluded as follows:

Location of supplier & place of supply in different states, it is “Interstate supply”.

Location of supplier & place of supply in same state, it is “Intrastate supply”.

Thus, place of supply is also essential to determine whether supply is interstate or intrastate supply.

Governing provisions under act:-Section 5 of Integrated Goods and Services Tax Act, 2016:As contained in section 5(1), this section shall apply to determine place of supply of goods. Section 5(2): Where the supply involves movement of goods, whether by supplier or the recipient or by any other person, the place of supply of goods shall be the location of the goods at the time at which the movement of goods terminates for delivery to the recipient

.

In above example, supplier from Maharashtra supplies goods to recipient at Delhi. Goods are dispatched via Gujrat. Here, place ofsupply will be Delhi where movement of goods terminates for delivery to the recipient.

Section 5(2A): Where the goods are delivered by the supplier to a recipient or any other person, on direction of a third person, whether acting as an agent or otherwise, before or during movement of goods, either by way of transfer of documents of title to the goods or otherwise, it shall be deemed that the said third person has received the goods and the place of supply of such goods shall be the principle place of business of such person.Above deeming provision states that irrespective of location of delivery of goods, the place of supply of goods will be the principle place of business of such person. Ex. There is transaction of supply of goods between two dealers, one in Mumbai and another in Delhi and goods are to be delivered from Mumbai to Delhi. The Mumbai dealer will, therefore, charge I-GST and discharge the same in Mumbai. Now, while the goods are in transit, the Delhi dealer ( purchaser) effects sale/supply to a dealer in Gujrat, the place of supply of that transaction could be deemed to be Delhi and Delhi dealer should discharge I-GST on the transaction. If Gujrat dealer also effects sale/supply of the goods in transit to Rajasthan dealer, Gujrat will be deemed to be the place of supply of the goods and Gujrat dealer will pay I-GST in Gujrat.Section 5(3): Where supply does not involve movement of goods, whether by the supplier or the recipient, the place of supply shall be location of such goods at the time of the delivery to the recipient.

In above example, supplier of Maharashtra supplies goods to recipient at Gujrat. However, delivery of goods is to be taken from warehouse at Delhi. In this case, there is no movement of goods & hence place of supply will be Delhi which is location of goods at the time of delivery.Section 5(4): Where the goods are assembled or installed at site, the place of supply shall be the place of such installation or assembly. Ex. Installation of mobile tower.Section 5(5): Where the goods are supplied on board or conveyance, such as vessel, an aircraft, a train or a motor vehicle, the place of supply shall be the location at which such goods are taken on board.Thus, place of supply in above case is first location at which such goods are taken on board.Section 5(6): Where the place of supply of goods cannot be determined in terms of sub section (2), (3), (4) & (5), the same shall be determined by law made by parliament in accordance with recommendations of the Council.Thus, there might be additions in the situations to determine place of supply.

Recipient

(Delhi)

(Movement of goods)

via Gujrat

Ex. Supplier

(Maharashtra)

Ex. Location

of supplier

(Maharashtra)

(no movement

of goods)

Warehouse (Delhi)

Location of

recipient

(Gujrat)

Speech is an important part of our personality. Because looks and beauty can only gain attraction. But speech and good language can win hearts forever.

11

Program on 'Transform Our Thought to Transform our Practice

CA Amit Agrawal - Speaker Mr.Rajnish Roy - Speaker

Convocation Ceremony for Newly Qualified CA's

Inaugural Session

Newly Qualified CA's

Faculty Training Programme

Mr.Rishi Manchanda- SpeakerMs. Srabani Kapoor Dr. Vivek Rai - Speaker

Be honest when in trouble and be simple when in wealth. Be polite when in authority and be silent when in anger.

Residential Refresher Course(RRC)-2016

Inaugural Session CA Pritam Mahure - Speaker CA C.N. Vaze - Speaker

CA C.V.Chitale - Speaker CA Jagdeesh Dhongde - Speaker CA Sagar Tilak - Speaker

Participants

Interactive meeting between Co-op Dept officials & Panel Auditors from Pune Region

CA Shilpa Shinagare, Treasurer- WIRC & Chairperson Co-opted Committee (MH)

CA Dinesh Gandhi

Shri.Dharanidhar Patil, District Deputy Registrar (DDR)Pune City

CA Ramesh Prabhu

12

There is a great difference between worry and concern. Be concerned but never be worried. A worried person sees a problem in everything and a concerned person solves problems.

13

Advance MS-Excel workshop for practicing CA

Mrs. Manju Mittal - Faculty Participants

4th INTERNATIONAL STUDY TOUR TO RUSSIA & UZBEKISTAN

CA Shiwaji Zaware -Speaker

CA Milind Gramopadhye - Speaker

CA Sharad Vaze - Speaker

CA Shekhar Sane - Speaker

CA Aalhad Deshmukh - Speaker

CA Yashwant Kasar - Speaker

CA Abhishek Dhamne - Speaker

Participants

Though no one can go back and make a brand new start, anyone can start from now and make a brand new ending.

14

Contributed by CA. Aalhad Deshmukh

Pune Branch of WIRC of ICAI Study Tour to Uzbekistan and Russia

My experiences!

It was the first time I was participating in the ICAI's Study Tour. I was a little anxious to travel in a group of completely strange people. However, the names of CA. S. B. Zavare and CA. Yashwant Kasar in the list of participants gave me some comfort. My father CA. Vithal Deshmukh had participated twice in ICAI's past study tours; so he insisted me to enrol as soon as the tour was announced.

On the very first day, the trio of me, Yashwant and Abhishek; being the youngest members of the group formed an official alliance which became the backbone of the entire group throughout the tour. May it be managing the conferences or assisting the old members or controlling the crowd; we always led from the front (and sometimes fought from the back).

The two half-day conferences at Tashkent and Moscow were remarkable. The Secretary of Pune Branch entrusted me with the responsibility of anchoring and I think I tried my best. Tashkent's conference saw phenomenal presentations from Abhishek, Yashwant and Vaze sir. Moscow's conference witnessed prodigious knowledge delivery from Zaware sir, Sane sir and Gramopadhye sir. It was a huge addition to our knowledge.

We had known Russia as the Country from which we buy our weapons. That's not the only accolade of the Russia. Knowing about their economy, the ecosystem they have built and the infrastructural facilities they have provided to their people explained the reason behind their proclamation as one of the most dominating countries in the World. Uzbek story is no

different. In a short span of 25 years of their freedom, the country has evolved like anything. However, the harshness of the Uzbek whoredom or promiscuous activities and the parallel economy of FOREX operating in the country left us perplexed.

During short journeys we got to interact with the senior CAs working in different fields. Listening to the life experiences of Zavare Sir, Kale Sir, Murkute Sir, Thorat Sir, Rawas Sir and others was truly inspirational. Mazhar Shaikh and Tejal Joshi from Prasanna Holidays accompanied us and took care of each and every member personally throughout the tour. The tour went a little hectic at the end; even then they efficiently managed the operations.

The most active couples in the tour Mr & Mrs Brahmankar and Mr & Mrs Tulpule kept the energy in the camp alive. Mr & Mrs Vaze, Mr & Mrs Kurundwadkar, Mr & Mrs Bendre, Mr & Mrs Patki, Mr & Mrs Mane, Mr & Mrs Kadam and Mr & Mrs Kakade gave the whole new definitions to the concept of ardour & companionship. Even the singles like Shah Sir, Kulkarni Sir, Bapat Sir, Mahashabde Sir, Goel Sir and others re-experienced their bachelorhood.

On personal level, I got to connect with all the senior members. The ladies in the group always solaced the young-guns as if we were their nephews. We had become a part of a large family. At the end of the tour, I could do nothing but to pledge to be a part of this group forever. The tour ended on a high note leaving behind new knowledge, adventurous experiences, new friendships, new relationships and lots of sweet memories to be cherished for life.

Mandar Subhash Tikhe (F.I.V.)Mandar Subhash Tikhe (F.I.V.)

Office : M/s. Tikhe Saraf, 586, Narayan Peth, Pune 411 030

Tel. : 020 – 2445 9341 Mob. : 98228 99000 | Email : mtikhe@hotmail.com

Govt. Registered Jewellery Valuer

No sound in this world can be louder than the silence and if someone cannot understand your silence he can never understand your words.

Flag Hoisting on the occasion of Independence Day

Seminar on Start Up and Entrepreneurship-For Young CA Members

CA Murali Kavichari - SpeakerCA. Ramesh Prabhu - Speaker CA. Nikunj Shah - Speaker CA Yashwant Kasar - Speaker