GST Annual - Report - 0

The Goods and Services Tax Practitioners’
Association of Maharashtra
(Formerly Known as The Sales Tax Practitioners' Association of Maharashtra)
VAT
GST
BST
th
ANNUAL
REPORT
FOR THE YEAR ENDED 31st MARCH, 2017
Inside 2nd Cover
MANAGING COMMITTEE 2016-17
Seated From L To R : Dinesh M. Tambde, Hon. Jt. Secretary, Pranav P. Kapadia, Vice President,
Dr. Shashank S. Dhond, President, Pradip R. Kapadia, Hon. Treasurer, Raj P. Shah, Hon. Jt. Secretary
Standing Form L To R : Sonali A. Bapat, Dhaval Talati, Bhaven D. Mehta, Chirag Parekh, Sunil D. Joshi,
D. V. Phad, Pravin V. Shinde, Amol T. Mane, Aalok K. Mehta, Dilip V. Nathani, Dharmen R. Shah,
Ajay Talreja, Vinod K. Mhaske, Hiral Shah, Hemant Walkar, Sunil G. Kushlani, Amol Shirode, Mahesh
Madkholkar
OFFICE BEARERS 2016-17
Seated From L To R : Pranav P. Kapadia, Vice President, Dr. Shashank S.

Dhond, President,
Standing Form L To R : Dinesh M. Tambde, Hon. Jt. Secretary,
Pradip R. Kapadia, Hon. Treasurer, Raj P. Shah, Hon Jt. Secretary
66th ANNUAL REPORT
(Report for the year 2016-17)
The Goods & Services Tax Practitioners’ Association of Maharashtra

Office : 8 & 9, Mazgaon Tower, 21, Mhatar Pakhadi Road, Mazgaon, Mumbai - 400 010. Tel. : 2375 2267/68
Email : stpam2@gmail.com • Website : www.stpam.org
Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai–400 010. Tel.: 2373 7153
Library : Suburban GST Bhavan, Ground Floor, A Wing, Bandra-Kurla Complex, Bandra (East), Mumbai–400 051.
Sagacity, Service, Solidarity Leads to Success

E-mail : stpam2@gmail.com • Website : www.stpam.org
Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai–400 010. Tel.: 2373 7153
Preponement of 66th Annual General Meeting

NOTICE
In Continuation of the 66th Annual General Meeting Notice dated 25th April, 2017 all the
Members are hereby informed that the time of the Annual General Meeting to be held on
21st July, 2017 is preponed and changed from 5.00 p.m. to 4.00 p.m. The Venue and Agenda
remain the same.
Place : Mumbai
Dated : 13th July, 2017 Dinesh M. Tambde
Raj P. Shah
Hon. Jt. Secretaries
 CONTENTS 
Notice------------------------------------------ 3
Highlights of the Year---------------------- 4
Annual Report------------------------------- 6
Auditor’s Report----------------------------35
Balance Sheet------------------------------37
Income & Expenditure A/c---------------40
Schedules-----------------------------------44
Annexures-----------------------------------53
Significant Accounting Policies---------69

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66th Annual Report

E-mail : stpam2@gmail.com • Website : www.stpam.org
Library : 1st Floor, 104, GST Bhavan, Mazgaon, Mumbai–400 010. Tel. : 2373 7153
66th Annual General Meeting

NOTICE TO MEMBERS
NOTICE is hereby given to all the members of the Association that the 66th ANNUAL
GENERAL MEETING of the Members will be held on Friday the 21st July, 2017 at 5.00
p.m. at the GSTPAM Association Library Hall, Room. No. 104, 1st Floor, GST Bhavan,
Mazgaon, Mumbai–400 010, to consider the following agenda:—
AGENDA
1. To read and confirm the minutes of the last Annual General Meeting held on 15th
July, 2016.
2. To receive and adopt the Audited Statement of Accounts of the Association, Sales
Tax Review and Books and Bulletin for the year ended 31st March, 2017 and the
Balance Sheet as on that date and to receive and adopt the Annual Report of the
Managing Committee for the year 2016-17 (A copy of the report and accounts
would be sent separately)
3. To appoint an Auditor for the year ending 31st March, 2018 and fix his
honorarium.
4. To receive the report of the Chief Election Officer and declare the result of the
Election.
5. To transact any other business that may be brought with the permission of the
Chair.
Mumbai - 400 010 Dinesh M. Tambde

Dated - 25th April, 2017 Raj P. Shah
Resolution : Any member desiring to move any resolution, other than alterations in the
Articles of the Constitution of the GST Association of Maharashtra, in the
General Meeting, should send the same duly proposed by a member and
seconded by another member so as to reach the office of Association, latest by
21st June, 2017.
Note : Any member desiring to seek any information on the Accounts may do so at
least 3 days in advance in writing so as to enable the committee to reply to the
same to the satisfaction of the member concerned.
3
Highlights of the year
1. Strong representation before various authorities and meetings with the Hon’ble
Finance Minister, Maharashtra State and Hon’ble Commissioner of Sales Tax,
Maharashtra State for Clarification and Amendments to the MVAT Act, 2002 and
various issues in the administration of the Act. Also time-to-time Representation
were made on G.S.T.
2. Study Circle Meetings at Mazgaon library on important subjects.
3. Effective use of Sales Tax Review for communication with the Sales Tax
Department and business community.
4. E-mailing and Publication of monthly STPAM News Bulletin for Members
containing Circulars, Short Notes on Tribunal Judgment, Important Judgments
on Allied Laws and other information regarding programmes organised by the
Association, Renewal of Membership etc.
5. Mega Guidance Cell meetings at Mazgaon Library on the topic of New Automation
Process, Overview of GST Portal by GSTN Official & PTRC.
6. Workshop on MVAT, Service Tax and GST with Brains’ Trust Session jointly
organised with AIFTP, CTC, BCAS, MCTC and WIRC of ICAI with 201
participants.
7. 41st Residential Refresher Course at Hotel Radisson Blu, at Kochi with 220
participants.
8. 16th International Study Tour at USA with 47 participants conducted, organised
and operated by Club 7 Holidays Ltd.
9. Two Full Day Seminar on Goods & Services Tax (Model Law) on 22nd & 23rd
October, 2016 at Navin Thakkar Auditorium, Vile Parle East with 452 participants.
10. Outstation seminars held at various districts of Maharashtra during the year.
11. Coaching Class & Mock Tribunal held for the benefit of new as well as
experienced members with a view to explain the basics of VAT/CST & GST. This
year also Mock Tribunal was held at Bench 1 of The Maharashtra Sales Tax
Tribunal with 103 participants.
12. Our Website www.stpam.org was updated. New Domain name www.gstpam.org
has also been activated.
13. Intensive Study Course was conducted.
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66th Annual Report
14. Seminar on GST jointly with The Malad Chamber of Tax Consultants conducted
at Malad with total enrollment of 275.
15. Public Meeting on Union Budget, 2017 organised jointly with Ghatkopar CPE
Study Circle, Forum of Free Enterprises, Chamber of Tax Consultants and various
associations.
16. Felicitation of our senior members S/Shri, S.S. Gaitonde, P. V. Surte & P. C. Joshi.
17. First time Box Cricket Tournament was conducted at Thakur Turf, Kandivali
jointly with CTC & MCTC.
18. 2 Days NRRC conducted at Pune on 11th & 12th Nov. 2016 jointly with AIFTP
(WZ) & WMTPA with 377 participants.
19. Compilation of GST Model Draft Law, Rules, Formats & FAQs Book compiled &
released.
20. 7 Lecture Orientation Course on GST for in-depth analysis was organised from
19th to 26th December 2016 with 66 participants.
21. Special General Meeting for Amendment of Constitution was held on 17th March
2017.
22. Conducted meeting under the auspices of Late Shri Arvind Thakkar Memorial
Lecture.
23. 2nd Orientation Course on GST for in-depth analysis with 6 lectures was
organised from 3rd May to 5th May 2017 with 127 participants.
24. Two Full day Seminar on Goods & Services Tax on 13th & 14th May, 2017 at
Navin Thakkar Auditorium, Vile Parle East with 565 participants.
25. Compilation of GST Final Law, Rules, Formats & FAQs Book compiled & released.
26. Outstation Orientation Course on GST at Thane was organized on 3rd, 10th, 17th
and 24th June, 2017.
27. 2nd Outstation Orientation Course on GST at Thane was organized from 18th
June to 26th June with 219 participants.
28. Short Publication on Transitional Provision under GST Act was compiled.
29. Full day seminar on GST at Dahanukar Hall, Kala Ghoda on 16th June, 2017
jointly with AIFTP (WZ) and MACCIA.
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66th Annual Report

(Report for the year 2016-17)
We have pleasure in presenting the 66th Annual Report of the activities of the
Association during the period 2016-17 along with the Audited Statement of Account
and Balance Sheet as on 31-3-2017.
1. Election for the year 2016-17

At the 65th Annual General Meeting held on 15th July 2016, Shri D. N. Parikh,
Chief Election Officer informed the members present that the election was
required for the year 2016-17. He announced the names of the office bearers and
managing committee members who were elected. The baton of the Presidentship
was entrusted to the experienced and dedicated member of the Association,
Dr. Shashank Dhond.
2. Election Committee
Elections are an important aspect of democratic functioning of any organisation.
Under Article 17(1) of the Constitution of our Association, an Election
Committee was formed to conduct elections for the post of Office Bearers and
the members of the Managing Committee for the Year 2017-18. The Committee
was headed by our Past President, Shri J. D. Rawal as a Chief Election
Officer.
3. Managing Committee
At the first meeting of the Managing Committee Shri Sachin Gandhi, Shri
Dhaval Talati, and Shri Milind Bhonde were unanimously co-opted as the
members of the Managing Committee for the year 2016-17. With their wealth of
experience in the functioning of the Association, they guided the members of
the Managing Committee and the Office Bearers in the day-to-day issues arising
before them.
The members of the Managing Committee for the year 2016-17 comprising
young, enthusiastic and dynamic members performed their functions with
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66th Annual Report
great zeal throughout the year. During the year, 13 meetings of the Managing
Committee were held. The details of attendance are given in Annexure “C”.
4. Law & Representation Committee – VAT

The Law and Representation Committee of the STPAM, has the
Hon’ble task of representing around 3,500 members from all
across Maharashtra. This year practitioners had to face three
main issues. Amnesty Scheme, Automation of Returns and GST
Enrollment.
Committee frequently held meetings with CST and other
authorities, gave representations and held Study Circle Meetings Dr. Shashank
for the benefit of the members. Apart from that the Committee Dhond
Chairman
also held numerous meetings with the Finance
Minister of Maharashtra, to represent legal
issues or to escalate issues unresolved by
the Commissioner. The Finance Minister has
appreciated the role of STPAM in bringing upon
accountability in the Sales Tax Department.
The Committee actively strove to act for the
benefit of the members and ensured that their
Parth Badheka Vivekanand Rao,
interests are protected even in the light of some Convenor Convenor
strong opposition by the Sales Tax Department.
Following are the list of Representations and the status of the issues represented
therein.
Representation to CST on Extension of M.S.A.D. application time was considered
and extended vide Circular 31T/2016 to 15.11.2016
Representation made to CST for credit of amount paid prior to Asst. Order
under M.S.A.D. Act was considered vide Circular 21T of 2016
Representations were made to C.S.T. for payment made after Asst. Order but
before filing of appeal were to be covered u/s. 40 of MVAT Act, at time of
making M.S.A.D. Act, was allowed to be adjusted against Tax vide Circular 10T
of 2016.
Representation made by STPAM to C.S.T. for submitting proof of appeal
withdrawal letter instead of Withdrawal order was accepted by the C.S.T. vide
Circular No. 20T of 2016.
7
Representations were strongly made for non-submission of monthly returns,

which was considered by the C.S.T. and vide Circular 34T extension was
granted.
Representation to C.S.T on issue of Circular 5T of 2017 disabling provisional ID
of non-compliant Phase 1 & Phase 2 dealers, but needless to say such dealers
were not eligible for the benefits of transitional provisions under GST law. It
was brought to the notice of the C.S.T. who took prompt action to issue Circular
6T of 2017 – Corrigendum to Circular 5T of 2017.
List of Representations
Sr. Date Representation Authority Status

No.
1 27-07-16 Issues relating to CST Additional clarification
Maharashtra SAD Act issued through circulars
2 30-07-16 Extension of Returns CST Successful
for April to June 16
and issuance of CST
Declarations
3 01-09-16 Issues relating to PT CST Resolved
Amnesty
4 02-09-16 Meeting with CST Ordinance XXIII of 16
Commissioner for request issued on 17-9-2016
for removal of condition and CST issued 24T
for grant of stay for of 2016 and Scheme
amnesty and extension extended upto 15-11-
2016
5 20-09-16 Letter of appreciation for CST
issuance of 24T of 2016
28-09-16 Representation regarding H o n ’ b l e Various suggestions
suggestions on Model M e m b e r accepted in the final
GST Law Secretary , bill
Empowered
Committee of
State Finance
Ministers,
New Delhi
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66th Annual Report

No.
6 01-10-16 Representation regarding CC:
suggestions on Model 1. Principal
GST Law F i n a n c e
S e c r e t a r y,
Mumbai
2. CST
7 09-11-16 R e p r e s e n t a t i o n F i n a n c e Amnesty extended to
for Extension of Minister of 30-11-2017
Amnesty Scheme post Maharashtra
Demonetization CC: CST
8 18-11-16 Representation for CST Extension promptly
automation issues, granted for returns
extension of returns and GSTN
filing dates and GSTN
9 21-11-16 Issues relating to CST GSTN Migration date
migration to GST Portal extended
10 09-12-16 Urgent extension of 1 CST Successful
Quarter returns
11 03-03-17 For wrong GST circular CST C o r r i g e n d u m
curtailing transitional issued on 4-3-17,
provisions vide 5T of withdrawing the
2017 contentious portions
12 09-03-17 Representation and F i n a n c e
Pre budget meeting Minister of
with Finance Minister Maharashtra
for smooth revenue
collection and ‘Ease of
Doing Business’
13 10-03-17 Issues relating to CST CC: Partly resolved
automation and GST Finance Min.
Portal Maharashtra
14 21-03-17 Urgent representation Finance Min.,
for issues relating to Maharashtra
proposed state budget CC: CST
9

No.
15 20-04-17 Email representation CST Successful
for extension of Q3 and
monthly returns
16 24-04-17 Failure of Automation, CST Immediate correction
ambiguous dates of of date, District level
extension, and urgent JC meetings promised
action by CST by CST
17 27-04-17 Additional issues under CST Under urgent
Automation and PT consideration
5. GST Committee
The GST Committee was chaired by Adv. Vinayak Patkar and the
Joint Convenors were CA. Ashit Shah and Adv. Vinod Mhaske.
The GST Committee has made various representations and
suggestions to Central and the State Government on proposed
GST from time to time. The details of the activities during the
year 2016-17 are summarized below:
During the year 2016-17, the GST Committee organized Study Vinayak Patkar
Circle Meetings, GST Orientation Courses and Seminars to Chairman
educate the members of the Association on the proposed Model
GST Law. Video recording of Study Circle
Meetings and Seminars are also placed on the
website of the association.
The GST Committee had arranged Study Circle
Meeting on 19th August, 2016 addressed by
our Vice-President, CA. Pranav Kapadia on the
subject of “Overview of GST” and respected
members of association were present. Ashit Shah, Vinod Mhaske,
Convenor Convenor
We have organized Two Full Days Seminar on
22nd & 23rd Oct, 2016, at Navin Thakar Hall, Mumbai, on the subject of
proposed Model of GST Law (1st Draft). The learned speakers were Adv. P. C.
Joshi, CA. Deepak Thakkar, Adv. Nikita Badheka, Adv. Vinayak Patkar, CA. Janak
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66th Annual Report
Vaghani, Adv. C. B. Thakar, CA. Sujata Rangnekar, CA. Rajat Talati, CA. Kiran
Garkar and Adv. Ratan Samal. 452 delegates participated in the said seminar.
We have also organized Seminars at Nashik, Thane, Malvan, Solapur, Nagpur,
Amravati, Kolhapur and Kudal on the subject of proposed Model GST Law, in
order to update our outstation members with the latest development in the GST
law.
During the year 2016-2017, we first time have arranged GST Orientation courses
for in-depth analysis on proposed Model GST law. The course has series of 7
lectures of 3 hours and it started from 19/12/2016 to 26/12/2016, at GSTPAM
Library, Mumbai. The total 66 delegates was participated from the Profession
and Industry in the said GST Orientation Courses.
We also have organized 2nd GST Orientation Course, on 3rd, 4th & 5th May,
2017, at STPAM Library, Mumbai, consisting of 3 days of 5 hours to provide
in-depth knowledge of the GST Law for the benefit of members and their office
staff at large. The total 127 delegates was participated from the Profession and
Industry in the said GST Orientation Courses.
We had organized Two Full Days Seminars on 13th & 14th May, 2017, at Navin
Thakar Hall, Mumbai, on GST. The learned speakers were Adv. Nikita Badheka,
Adv. Vinayak Patkar, Adv. C. B. Thakar, CA. Sujata Rangnekar, CA. Rajat Talati,
CA. Kiran Garkar and Adv. CA. Vikram Mehta, CA. Mayur Parekh and 567
delegates participated in the said seminar.
We had organized jointly with the MCTC Two Full Days Seminar on 2nd & 3rd
June, 2017, at Malad, on GST.
Two Books were compiled on 1st Draft Model GST and Final GST Act.
The GST Committee had made representation during the year 2016-17 before
the concerned GST Authorities on the following issues.
SR. Date Topic Submitted

NO.
(1) 07/09/2016 Various proposals and Hon’ble Finance Minister,
representations on the subject State of Maharashtra
of GST.
11
(2) 28/09/2016 Representation on the Proposed A) Hon’ble Member

Model Goods & Services Tax Secretary empowered
Law for Centre and State of Committee of the State
Maharashtra. Finance Minister New
Delhi.
B) Hon’ble Finance
Minister, the Principal
Secretary of finance
and the Commissioner
of Sales Tax,
Maharashtra State
6. Journal Committee
Our prestigious publication Sales Tax Review, a Monthly Journal
and mouthpiece of members was published uninterruptedly,
every month under the able Editorship of Smt. Sujata Rangnekar
and Associate Editor Shri Vikram Mehta along with the guidance
and support of the Editorial Board comprising Shri S. S.
Gaitonde, Shri P. V. Surte, Shri P. C. Joshi, Shri R. S. Pathak, Shri
C. B. Thakar, Shri D. H. Joshi, Smt. Nikita Badheka, Shri Pravin
Mayur Parekh
Shah, Shri Ashvin A. Acharya and Shri Vinayak Patkar.
Chairman
For the term of F.Y. 2016-17, Smt. Sujata
Rangnekar as Chief Editor and Shri Vikram
Mehta as Associate Editor of the Sales Tax
Review have rendered their esteemed services.
The journal comprising columns, articles, gist
of case laws, gist of DDQ’s, recent amendments,
etc. continues to be a constant companion Dilip V. Nathani Ishaan Patkar
of practitioners. The Journal Committee was Convenor Convenor
headed by Shri Mayur Parekh as the Chairman
and Shri Dilip V. Nathani and Shri Ishaan Patkar as the Jt. Convenors. The
Committee rendered valuable assistance in the publication of the Sales Tax
Review.
During the year, in addition to the regular articles and columns on the topics
of VAT, CST, Service Tax, Income Tax and Company Law updates, articles of
prime importance on burning topics of “Introduction of GST Law” and various
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66th Annual Report
articles on Model GST and its impact on various Industries as well as the
various sections and draft rules were published.
We place on record our grateful thanks to the Editor, Associate Editor, the
Editorial Board and all the column writers and contributors of articles for their
valuable efforts in sharing their knowledge and experience throughout the year.
7. Library Committee
Association’s utmost priority is to provide the
members with the Latest Publications and material
on the subjects of various Tax Laws. The libraries
situated at the Vikrikar Bhavan, Mazgaon and
Suburban Vikrikar Bhavan, Bandra to cater to this
important requirement.
The committee was formed under the Dattatray Phad Sunil Khushalani
chairmanship of Mr. Dattatraya V. Phad and Chairman Convenor
convenor Shri Sunil G. Khushalani.
Both the libraries were updated with latest books, Newsletters and Journals.
Looking into the GST implementation in near future we had also updated the
library with books on GST.
We had also installed “TAXMANN” software at Mazgaon Library to update the

members with latest judgments, Amendments/Circulars/Notifications on VAT,
Income Tax, Service Tax and Excise Laws.
8. Coaching Class Committee

Coaching Class is an important activity of the Association to
provide training to new entrants in the profession through series
of interactive sessions addressed by experienced members of
our Association. 31st batch of Coaching Class was organised
under the able Chairmanship of our Hon. Jt. Secretary Shri Raj
Shah and Jt. Conveners Shri Sunil D. Joshi and Shri Aditya
S. Surte at our Association’s library at Mazgaon. This year,
with the advent of GST, the coaching class consisted lectures Raj Shah
Chairman
focused on significant topics of the Model GST law along
with lectures covering the practical aspects of VAT, CST and Profession Tax.
The total number of participants was 103 which consisted of new entrants
13
in the practice of taxation, students who were

pursuing professional courses and few of the
practising professionals. This batch of Coaching
Class was inaugurated by our Past President
Smt. Sujata Rangnekar on 22nd November,
2016 and total 12 lectures on VAT, CST and
Profession Tax and 10 lectures on the Model
GST Law were conducted during the course. Sunil D. Joshi Aditya S. Surte
Convenor Convenor
Three lectures were conducted every week and
the classes were successfully completed in a
span of mere 22 days.
Mock Tribunal was organised by the Committee wherein the students of the
coaching class actively participated as Appellants and Defendants. Following last
year’s practice, the Mock Tribunal was arranged at Bench One of Maharashtra
Sales Tax Tribunal. The Mock Tribunal was inaugurated in hands of Hon. Shri
Ashwinikumar Deore, President - Maharashtra Sales Tax Tribunal. The session
was chaired by Shri. Ashwinikumar Deore, President and Shri V. U. Borse,
Member – MSTT as Jury Members.
9. Computer, Website and Online Guidance Committee

This committee was headed by Shri Ashvin
Acharya as Chairman and Shri Hiral Shah as
Convenor. The website is an important and
efficient tool to disseminate information amongst
the members all over Maharashtra. It works as
a catalyst to strengthen the bond between the
Association and Members. Two Computers with
few online tools were installed at the Library Ashvin Acharya Hiral Shah
Chairman Convenor
which can be used by Members for enhancing
knowledge.
With the name change approved in the SGM, website www.gstpam.org has
also been made functional. Several new concepts and facilities have been
introduced. The mass e-mail facility has been re-introduced by the Association
to spread awareness about different events organised by the Association. With the
Demonetisation arena, the very useful feature of online payment facility for all
the members was developed further to facilitate membership application from for
new members as well as for renewal of membership. By this, members can pay
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66th Annual Report
online and also apply online for membership or for renewal and fill the online
form.
Association has got the website designed in the form by which members can access
videos of Study Circle Meeting and other important data directly on home page.
The handy facility given to members is android application for smart phones.
10. Accounting and Office Administration Committee

The Committee was headed by President Shri
Dr. Shashank Dhond as Chairman and Shri
Prashant Vora as Convenor. During the year, 3
staff members left the job and in their place
new staff members were appointed. The day-to-
day issues of Office Administration have been
attended by the Committee members regularly
Dr. Shashank Prashant Vora
along with proper guidance given to office staff
Dhond Convenor
as and when required which in turn results into Chairman
smooth functioning of work of our office.
The duties of the existing & new staff have been reorganized so as to increase
work efficiency among the staff. The rotations of duty of staffs were also carried
out during the year. The Committee has taken reports containing details of work
completed and work pending from staff on regular basis. Implementation of
surprise checks and various check lists have increased efficiency of the staff. We
place on record our appreciation to the members of this Committee as well as
to our office staff who were instrumental in smooth functioning of the activities
of the association & service provided to the members of the association.
11. DDQ Compilation Committee

This Committee undertakes the task of publishing
gist of DDQ orders in the Sales Tax Review and
preparing and publishing the compilation of
orders on calendar year basis. The Committee
headed by the President Dr. Shashank Dhond
as Chairman and Shri Dilip Nathani as the
Convenor, have taken great efforts in preparing
the gist of DDQ and published in Sales Tax Dr. Shashank Dhond Dilip Nathani
Chairman Convenor
Review throughout the financial year for the
benefits of the members of the Association.
15
12. Mega Guidance Cell Committee

Under the Chairmanship of president Dr.
Shashank Dhond and convenorship of Shri
Dattatray V. Phad 4 Guidance Cell Meetings
were conducted during the year 2016-17.
Queries raised by the participant members were
answered by the Departmental authorities in
detail and expressed their views and experience
on the subject matter. Inaugural Mega Guidance Dr. Shashank Dattatray V.
Dhond Phad
Cell Meeting was inaugurated by Shri Subhash Chairman Convenor
G. Morale, Addl. Commissioner of Sales Tax on
10th of August 2016.
The details of Mega Guidance Cell Meetings held during the period.
Sr. Date Subject Speaker
No.
1 10th August Amnesty under Shri Subhash G. Morale Addl.
2016 Profession Tax Act Commissioner of Sales Tax
Shri Pradip Kadu Joint
Commissioner of Profession
Tax
2 16th E-filing under New Shri Nitin Shaligram Deputy
September Automation Commissioner Of Sales Tax
2016 and his officers
3 6th January Overview of GST Portal Shri Rajiv Agrawal Senior Vice
2017 President of GSTN New Delhi
Shri Rajiv Jalota Hon
Commissioner of Sales Tax
Maharashtra
Shri L. K. Giri Addl.
Commissioner of Sales Tax
4 22nd Feb 2017 E-filing Under New Shri Nitin Shaligram Deputy
Automation Commissioner of sales Tax
Shri Gajanan Khanande
Deputy Commissioner Of sales
Tax
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66th Annual Report
13. Intensive Study Circle Committee

We are in the era of welcoming the new law named “Goods
& Services Tax (GST)”. Our members are required to be well
equipped with knowledge GST Law along with our normal study
on Maharashtra Value Added tax, Central Sales tax and other
allied laws.
We all are aware about the practical difficulties we face while
applying the rules and procedures of the different Acts during Dinesh Tambde
our discussion with the clients or during the assessments Chairman
proceedings. With the view to update our fellow
members on the latest development in law and
to discuss the practical issues arising there from,
our association has been regularly conducting
Intensive Study Circle meetings. The Intensive
Study Circle, is designed to enable the members
to study and discuss various issues on Indirect
Tax Laws such as GST Law, MVAT, Central Sales Bhaven Mehta Ajay Talreja
Tax, Service Tax and such other allied laws. Convenor Convenor
At the intensive Study Circle, one of the members acts as a group leader and
leads the discussion on issues of the relevant subject and one of the senior in
the profession, monitors the discussion,. The meetings are generally arranged on
1st and 3rd Saturday of the month (working Saturdays of Sales Tax department),
during 10.30 a.m. to 1.00 p.m. at Mazgaon Library. However, this time we have
scheduled some meetings of intensive study circle even in week days, to provide
benefit of more meetings and more discussion on subjects, in the intensive.
The Intensive Study Circle was inaugurated on auspicious day of first day of
Navratri i.e., on Saturday, 1st day of October, 2016 at Mazgaon Library by the
hands of Adv. Shri C. B. Thakar, where he has also acted as the Monitor of the
first session.
The Intensive Study Circle committee was headed by our Secretary Shri Dinesh
Tambde as a Chairman with the Joint Convenors Bhaven Mehta and Ajay Talreja.
Total 15 meetings were held starting from 1st October 2016 and ending on 17th
of June 2017. Total 129 participants had enrolled for the Intensive Study Circle
meetings. This time the conveners were in regular touch with the participants
through e-mails and messages and were updating them about the meetings.
And at the endeavour’s of the convenors, the study materials were mostly made
available to the participants in advance before the start of every meeting.
17
In the last meeting a new concept of “Your Issues – Your Solutions” was
introduced where in 5 junior participants took part as Group Leader and 2
senior participants acted as their monitor. All the participants of Intensive Study
Circle meeting were divided in 5 groups, and the issues prepared by the group
leaders, were discussed with the participants and guided by the monitors. The
meeting of it’s own kind was enjoyed by all.
We express our sincere gratitude to all the monitors and group leaders for
providing their insights on various provisions under the MVAT Act, CST Act
and GST law. We are also thankful to the participants for their enthusiasm and
zeal for intense study and interactive meetings.
14. Referencer Committee

The STPAM Referencer on VAT and Allied Laws has become the
most referred & preferred book for the tax professionals practicing
in Indirect taxes. This Committee is headed by Vice President
Shri Pranav Kapadia as the Chairman along with Shri Ashit Shah
and Shri Bhaven Mehta as joint Convenors.
This year, the theme of “MOVING AHEAD” is selected to
reflect the onset of GST era and also to reflect the change Pranav Kapadia
in name of our association to “THE GOODS & SERVICES Chairman
TAX PRACTITIONERS’ ASSOCIATION OF
MAHARASHTRA”. We at GSTPAM are updating
our members and providing best knowledge of
indirect tax laws in shortest possible time.
In the move of updating the knowledge, this year
we have also added new feather to our Referencer
pack, by introducing “GST REFERENCER”. We are
confident that members will be benefitted by taking Ashit Shah Bhaven Mehta
Convenor Convenor
the basket of Referencer related to VAT & allied
laws and the on-road GST law.
In the Referencer we have also tried to explain various processes of different
Acts through use of “Flow Charts”. Our association has completed 66 years of
service, a Ray of this is also included in Referencer.
We hope that the members will like the new features introduced in the
Referencer vis-a-vis introduction of GST Referencer.
18
66th Annual Report
15. 41st Residential Refresher Course Committee

Residential Refresher Course is always an eagerly
awaited programme of the Association because
it provides an atmosphere of learning in relaxed
environment. This Committee was headed by
Past President Shri Sachin Gandhi as Chairman
along with Convenor Shri Pravin Shinde. The
41st Residential Refresher Course was held from
9th February 2017 to 12th February, 2017 at Hotel Sachin Gandhi Pravin Shinde
Radisson Blu, Kochi in pleasant environment of Chairman Convenor
Kerala with inflow of knowledge and outflow of ideas with eminent & versatile
personalities. In all, 220 participants attended the R.R.C. The details of papers
submitted at the said RRC are as under:
Sr. Subject Paper Writer Chairman

No.
1 Valuation & Job Work CA Dharmen Shah Adv. Vinayak Patkar
Provisions under GST Law
2 Place of supply, Interstate Adv. Milind Bhonde CA Sujata Ranganekar
supply and supplies in the
course of Import & Export
under GST regime vis-à-vis
CST Act.
3 Brains’ Trust Session Chairman P. C. Joshi
Trustees Adv. C. B. Thakkar
Adv. Nikita Badheka.
CA Rajat Talati
The R.R.C. was Inaugurated by Shri P. C. Joshi Past President GSTPAM. Shri P.
C. Joshi delivered Inaugural speech on the subject of “Impact of Demonetization
on Indirect Taxes”. In the presence of Hon’ble Justice Mr. Dama Seshadri Naidu,
Justice, Kerala High Court, Dr. Shashank Dhond, President of STPAM felicitated
our Past President Shri P. C. Joshi. At this junction Justice Mr. Dama Seshadri
Naidu, Justice, Kerala High Court gave marvellous speech to delegates. We
specially thank Justice Mr. Dama Seshadri Naidu, for sparing his valuable time.
The participants appreciated the excellent presentation of papers by the paper

writers, detailed group discussions and Chairmen’s Important remarks. The paper
19
writers painstakingly highlighted the legal provisions, technical interpretation

and the issues arising therefrom. The papers evinced keen interest and lively
discussion amongst the participants. The Chairmen of the Technical Sessions
provided the participants with their in-depth analysis of the provisions and
issues and guided the participants on the subjects. The participants also enjoyed
sightseeing program and “ValamKalli” a Traditional Boat race of Kerala and later
enjoyed sunset cruise. We take this opportunity to thank all participants in this
event for participating in large number. We once again thank Chief Guest, Paper
Writers, Chairman, Trustee of Brains’ Trust Session, Past presidents, Office Bearer
of our association, all Managing Committee Members, Staff of our Association
who have made this RRC Successful.
16. International Residential Refresher Course

The 16th International Residential Refresher
Course of our association was organized at United
States of America under the Chairmanship of Shri
Sachin Gandhi and Convenorship of Shri Aalok
Mehta from 24th May, 2017 to 8th June, 2017. The
International Residential Refresher Course received
a good participation of 47 delegates.
Sachin Gandhi Aalok Mehta
The tour was conducted by Club 7 Holidays Chairman Convenor
Limited and all the delegates appreciated the
service provided by the tour operator throughout the tour.
17. Workshop on MVAT & Allied Laws Committee

The Workshop on MVAT, Service Tax & Allied
Laws started on 21.01.2017 and ended on
24.03.2017. The Workshop is jointly organized
by 6 professional Associations viz., AIFTP (WZ),
BCAS, CTC, MCTC, STPAM & WIRC of ICAI.
There were 201 participants enrolled for the
Joint Workshop. The Workshop comprised of 14
Pradip Kapadia Dharmen Shah
Technical sessions with 14 eminent speakers and Chairman Convenor
4 eminent speakers as Brains’ trustees in the Mega
Brains’ Trust Session.
The topics of the workshop were selected to cover in-depth and practical
understanding of GST Law. To understand the challenges to be faced in GST Era,
20
66th Annual Report
Industry wise GST Implications and Comparison of Existing Laws vs. GST Model
Law sessions were arranged. A special Mega Brains’ Trust Session was arranged
at the end of Seminar to seek views from seniors on issues faced by all members
with regards to interpretation of law and practical difficulties to be faced during
transition issues. We have also included Works Contract under MVAT Act, 2002,
CST Act, 1956, Service tax provisions which have always been matter of litigation
in the existing laws.
The Committee was headed by Pradip Kapadia, Chairman and Dharmen Shah,
Convenor. The Committee would like to acknowledge efforts taken by the various
members of the committee and also all the co-ordinators of various sessions of
Workshop.
18. Finance & Accounts Committee

The Committee under the Chairmanship of Shri
Mayur Parekh with Convenor Pradip Kapadia, Hon.
Treasurer along with President Shri Shashank
Dhond, Vice President Shri Pranav Kapadia, Jt.
Secretaries Shri Raj P. Shah & Shri Dinesh Tambde
and Committee Members Shri U. M. Loonawat, R.
S. Pathak, Suresh Sanghavi, Sachin Gandhi, Janak
Vaghani, V. R. Ghelani, K. M. Shah, N. V. Pachpute, Mayur Parekh Pradip Kapadia
Hiten Shah, and Pravin Shah met at Periodical Chairman Convener
Intervals to review finance and accounts of the Association. The audited annual
accounts for the year ended 31-3-2017 are printed along with this Annual Report.
The Committee is thankful to Chairman Shri Mayur Parekh and all the members
of Finance Committee for their continuous guidance and constructive suggestions
for financial matters and review of accounts.
19. Regional Centres and Outstation Seminars Committee

We take proud privilege to submit our report of
above committee for the year 2016-2017.
We are happy to confirm that the basic goal
of the activities of the association to enrich
the knowledge of our members and of the
general public by conducting seminars all over Dr. Shashank Mahesh
Maharashtra have been triggered. Dhond - Madkholkar
Chairman (Thane)
Jt. Convener
21
We are thankful to the President and Managing

Committee members of STPAM who had extended
their positive co-operation by attendance at
various seminars.
We are thankful to all the faculties who had
extended extreme support by delivering lecture,
updating knowledge and providing notes to the Bhonde M. M.
(Pune)
Rajkumar
Bhambare -
participants. Jt. Convener Parbhni
Jt. Convener
We also feel gratitude about our all participants who had helped
us to make each event a grand success.
We solicit our sincere thanks to other associations like MACCIA, AIFTP and
Regional taxation bodies who jointly organised seminars with us.
Last but not the least, we solicit our team members of the committees who had
worked hard to enrich the level of the committee in the association.
The list of programme held are as follows–
Sr. Date City Joint Participants

No.
1 03/07/2016 Amravati Vidarbha Tax Practitioners’ Association and
Tax Bar Association, Amravati
2 04/08/2016 Alibaug Tax Practitioners’ Association, Aurangabad
3 26/10/2016 Nashik AIFTP (WZ); MACCIA and Tax Practitioners’
Association, Nashik
4 05/11/2016 Thane AIFTP (WZ); Bhiwandi Tax Practitioners’
Association; Tax Friends and Tax
Practitioners’ Association, Thane
5 05/11/2016 Malvan Local Trade Organisations
(Sindhudurg)
6 10/12/2016 Nagpur AIFTP (WZ); Vidarbha Tax Practitioners’
Association and Sales Tax Bar Association,
Nagpur
7 02/12/2016 Solapur The Income Tax and Sales Tax Practitioners’
Association (Library Trust), Solapur and
Solapur Branch of WIRC of ICAI
22
66th Annual Report
8 03/12/2016 Pandharpur Local Trade Organisations

Tax Bar Association, Amravati
10 25/02/2017 Nashik Tax Practitioners’ Association, Nashik
11 26/02/2017 Nanded Tax Practitioners’ Association, Nanded
12 21/05/2017 Sangli Taxation Consultants’ Association, Sangli
&
22/05/2017
13 27/05/2017 Kolhapur Chamber of Tax Consultants, Income Tax Bar
Association Kolhapur and Tax Consultants’
Association Kolhapur
& Tax Bar Association, Amravati
11/06/2017
15 03/06/2017, Thane AIFTP (WZ); Bhiwandi Tax Practitioners’
10/06/2017, (Proposed) Association; Tax Friends and Tax
17/06/2017 Practitioners’ Association, Thane
&
24/06/2017
16 18/06/2017, Thane Tax Practitioners’ Association, Thane
19/06/2017, (Proposed)
20/06/2017,
21/06/2017,
22/06/2017,
26/06/2017
17 28/06/2017 Panvel Local Trade Organisations
(Proposed)
18 07/07/2017 Goa AIFTP (WZ) and Western Maharashtra Tax
& (Proposed) Practitioners’ Association
08/07/2017
19 08/07/2017 Malvan Local Trade Organisations
(Sindhudurg)
(Proposed)
20 09/07/2017 Kudal Local Trade Organisations
(Proposed)
21 15/07/2017 Nashik Tax Practitioners’ Association, Nashik
(Proposed)
23
20. STPAM News Bulletin

Under the Chairmanship of Dr. Shashank Dhond and Joint
Convenors Shri Aalok Mehta and Shri Ajay Talreja, the
Association has regularly published News Bulletins during the
year 2016-17
The News Bulletin is uploaded on GSTPAM website on every
month. STPAM News Bulletin contains details of all programmes Dr. Shashank
of the Association during the month, Sales Tax Updates, Service Dhond
Tax Updates, Short Notes on the recent decisions Chairman
of the Maharashtra Sales Tax Tribunal, Gist of
Important Judgments on Service Tax, Goods and
Services Tax update which are contributed on a
monthly basis by experts and are useful to the
members of the association for getting important
info at a glance of the news bulletin.
Aalok Mehta Ajay Talreja
Convenor Convenor
21. Membership and Subscription (Local) Committee

In current year, Membership Committee was working with
dual object. Firstly, to increase the membership by reaching
out to members who have not renewed recently and secondly
to renew the membership of existing members. During the
years, details of members like Communication address, phone
numbers have changed. This year, calls have been made to
members for updating their details and we have attached
Dinesh Tambde
Member wise Data Updation Forms mentioning individual Chairman
details for their confirmation, amendment and
approval. These details will then be helpful in
reaching out to individual members using mass
SMS, e-mails, phone calls which will result in
fruitful communication. A scheme for advance
memberships for a block of three years has been
proposed in case of Ordinary Local and Ordinary
Outstation Members.
Dharmen Shah Pravin Shinde
Convenor Convenor
24
66th Annual Report
The committee was headed by Chairman Shri Dinesh Tambde and Joint
Convenors Shri Dharmen Shah and Shri Pravin Shinde and well supported by
President Dr. Shashank Dhond and Vice-President Pranav Kapadia from time to
time. The Committee would also like to acknowledge the efforts taken by the
various members of the committee. The efforts of the Convenors and members
of committee in past one year has resulted in updation of details of many
members resulting in effective communication for renewals/new-memberships.
22. Membership and Subscription (Outstation) Committee

The main object of this committee is to increase
the membership strength of the Association
This Committee was headed by President
Dr. Shashank Dhond as Chairman and Shri
Mahesh Madkholkar, Thane; Shri Mahesh Bafna,
Dhule; Shri Satish Boob, Nashik and Shri
Rajkumar Bhambare, Parbhani as Joint Convenors. Dr. Shashank Satish Boob
Dhond Convenor
Many new members were enrolled due to the Chairman
active efforts made by the Convenors. Appeal
for membership was made through the seminar
held at various districts. During this year
due to Outstation Seminars, the strength of
new Members has increased which was great
achievement for STPAM. Many members
converted their Membership from Ordinary to Life
Membership. The object of the Association was Mahesh Bafna Mahesh
accomplished in real sense with the inspiration Convenor Madkholkar
of the President Dr. Shashank Dhond. Convenor
Rajkumar Bhambare
Convenor
25
23. Non–Residential Refresher Course Committee

Association had organized 19th Non-Residential
Refresher Course during the year in Pune at PYC
(Poona Young Cricket Club), Off Bhandarkar
Road, Deccan Gymkhana, Pune on 11th & 12th
November, 2016 under the Chairmanship of Shri
Dr. Shashank Dhond and Convenor Mr. Prashant
Vora, which was jointly organized by with AIFTP
(WZ) and WMTPA. Dr. Shashank Prashant Vora
Dhond Convenor
The NRRC had total 7 Technical Sessions. Chairman
Delegates from all parts of India had attended and speakers from all over India
have shared their views. It was a grand success and beneficial to all delegates.
24. Publication Committee Act, Rules & Short Publication on Amendments

The Publication Committee undertakes task of
providing quality reference material at reasonable
price to the members. Under the Chairmanship of
President Dr. Shashank Dhond and Convenorship
of Parth Badheka, short publication on
‘Transitional Provisions under GST’ was released
which was compiled by Parth Badheka and Aditya
Dr. Shashank Parth Badheka
Surte.
Dhond Convenor
Chairman
25. Sports Committee
Under the Chairmanship of Pradip Kapadia and
Convenor Aalok Mehta, First Indoor Box Cricket
Tournament (with Tennis Ball) was organized
by our Association jointly with The Chamber
of Tax Consultants and The Malad Chamber of
Tax Consultants on 4th March, 2017 at The Turf
Club, Thakur Village, Kandivali, Mumbai. Our
Association won the runners up trophy under the Pradip Kapadia Aalok Mehta
Chairman Convenor
captainship of Dinesh Tambde and he also received
the Best Fielder Award. We are thankful to all the members who have participated
in this tournament. We are also thankful to The Chamber of Tax Consultant and
The Malad Chamber of Tax Consultants for their support in organising this mega
event.
26
66th Annual Report
26. Tribunal Judgment & Short Notes Committee

Committee was headed by Chairman C. B. Thakar and Joint
Convenors Amol Mane and Sonali Bapat. We have checked
and made listing of all the judgments from last two years.
Chronologically we have started working on the same. We
have personally along with seniors like Shri Vijay Sachiv,
Shri Vivekand Rao, Shri D. V. Phad, Shri Dhaval Talati, Shri
Milind Bhonde, Shri Mahesh Madkholkar, Shri Ashit Shah, Shri
C. B. Thakar
G. Y. Patwardhan and Shri Mahesh Bhagwat altogether started to
Chairman
work on it and prepared the gist for the purpose of members at
large and to display on the website and to publish
in the News Bulletin.
Amol Mane Sonali Bapat

Convenor Convenor
27. Foundation Day & Diwali Get-together
17th November being the Foundation Day of STPAM, was celebrated along
with Diwali Get together on 17th November, 2016 at 104, Liabrary, Mazgaon,
Mumbai. On this day, Vimal Punmiya gave lecture on Demonetization of
Currency.
28. Awards
Sr. Prize for Awardee[s] Judge[s] for selection

01 Best Article writer in CA Aalok Mehta Editor - Smt. Sujata
STR [April 2016 to Rangnekar & Associate Editor
March 2017] – Shri Vikram Mehta
02 Best Column Writer CA Ashit Shah Editor - Smt. Sujata
in STR [April 2016 to Rangnekar & Associate Editor
March 2017] – Shri Vikram Mehta
03 Best Speaker in Study Shri Sachin Gandhi Office Bearers
Circle Meetings
27
04 Best Paper Writer Advocate Milind Adv D. H. Joshi & Adv Ratan
in 41st Residential Bhonde Samal
Refresher Course.
05 Best Sportsman Adv Dinesh Tambde CA Pranav Kapadia
06 Rajkumar Adukia Shri Mayur Momaya CA Bhaven Mehta
Foundation Award for
Best Group Leader in
Intensive Study Course
Meetings.
07 Best Convenor Shri Pravin Shinde President: Dr. Shashank Dhond
For RRC and
Membership
08 Best Convenor Adv Sunil Khushlani President: Dr. Shashank Dhond
For Library Commite,
Constitutuon
Amendment & Thane
Seminar
09 Best Convenor Adv. Vinod Mhaske President: Dr. Shashank Dhond
& CA Ashit Shah For
GST Committee
10 Best Convenor CA Bhaven Mehta President: Dr. Shashank Dhond
11 T.B. Lulla Memorial Tax Practitioners President: Dr. Shashank Dhond
Fund for best Organizer Association, Nanded
for Outstation Seminar. & Tax Practitioners
Association Solapur
12 Satishchand Laxmichand Shri Vivek Anand Convenors: Sunil Joshi &
Memorial Awards for Rao & Shri Mayur Aditya Surte
best pleader before the Doshi
Mock Tribunal & T. B.
Lulla Memorial Fund for
best Participant at Moot
Court Competition.
13 Dr. Bharat D. Vasani -
Prize for securing
highest percentage
of marks in C.A.
examination.
28
66th Annual Report
14 D. M. Gala Prize for Adv Vinayak Patkar, President: Dr. Shashank Dhond
excellence in any field/
subject/work as may Shri Sachin Gandhi
be decided by the For Support and
President. Guidance throughout
the year
15 Best paper Writer At Adv Dinesh Tambde Adv Chirag Parekh
NRRC
29. Obituary
With profound grief we record the sad demise of our members:
1) S. S. Gaitonde
2) T. M. Chhatpar
30. Acknowledgements
The various activities of the Association could not have been carried out without
the support of the Members, Institutions, Government Officials and other
Individuals. We place on record our sincere gratitude to these individuals and
organisations for their support throughout the year.
1. Hon’ble Finance Minister, Shri Sudhir Mungantiwarji for giving us patient
hearing on various representations on day-to-day issues.
2. Hon’ble Commissioner of Sales Tax, Shri Rajiv Jalota for giving us patient
hearing on various issues from time-to-time and for acceding to our
suggestions.
3. Hon’ble President of Maharashtra Sales Tax Tribunal Shri Ashwinikumar
Deore for Inaugurating the Study Circle Meeting and addressing the
members on the occasion. We are also thankful to Hon’ble President of
Maharashtra Sales Tax Tribunal for Inaugurating our Mock tribunal & NRRC
at Pune and also for granting Permission to use Bench 1 for Mock Tribunal
for the benefit of the students.
4. Hon’ble Members of The Maharashtra Sales Tax Tribunal for their Presence
at the Inaugural Study Circle meeting.
29
5. Shri Subhash Morale, Additional Commissioner of Sales Tax for

Inaugurating Mega Guidance Cell Meeting.
6. Past President Smt. Sujata Rangnekar for Inaugurating the 31st batch of
Coaching Class.
7. All the dept. officials for sharing their views at various Guidance Cell
Meetings
8. Shri Vimal Punmiya for delivering talk on the eve of Diwali Get-together
and Foundation Day of the Association
9. Shri Dhaval Talati for Inaugurating Orientation Course on GST.
10. Past President Shri P. C. Joshi for Inaugurating the 41th RRC at Kochi.
11. Past President Shri D. H. Joshi for releasing Beginners Book.
12. Past President Shri C. B. Thakar for Inaugurating Intensive Study Course.
13. Special thanks to Judge Dama Seshadri Naidu of Kerala High Court for
delivering excellent talk at at 41st RRC Kochi.
14. Special thanks to all our Past Presidents and seniors for providing their
guidance, support and co-operation throughout the year for carrying out
the various activities of our Association.
15. Members of the Editorial Board of the Sales Tax Review, S/Shri S. S.
Gaitonde, P. V. Surte, P. C. Joshi, R. S. Pathak, C. B. Thakar, D. H. Joshi,
Vinayak Patkar, Pravin R. Shah, Ashvin A. Acharya and Smt. Nikita
Badheka for providing valuable inputs and guidance for bringing out the
Sales Tax Review.
16. Editor Smt. Sujata Rangnekar & Associate Editor Shri Vikram Mehta of the
Sales Tax Review for F.Y. 2016-17 for rendering their selfless services during
the year.
17. All the authors of monthly columns and Contributors of Articles and other
Reference materials for the Journal.
18. Shri J. D. Rawal, the Chief Election Officer and other members of the
Election Committee S/Shri K. M. Shah, R. J. Gandhi, I. A. Shah, Mayur
Parekh, Ashvin Acharya & Vijay Sachiv for accepting and discharging the
responsibilities judiciously.
30
66th Annual Report
19. Member-in-charge Shri Mayur Parekh and other members of the Accounts
and Finance Committee for their continuous guidance and constructive
suggestions for financial matters & preparing and finalising accounts of the
STPAM
20. CA Shailesh Ghedhia for co-ordinating meetings with Finance Minister
Maharashtra State.
21. Trustees for Brains’ Trust Sessions, Chairmen, Paper Writers, Speakers,
Mentors, Group Monitors and Group Leaders, who have readily accepted
our invitation to deliver Lecture at various Seminars, Workshops, Coaching
Classes, RRC, Orientation Courses and the Intensive Study Course Meetings.
22. Regional Tax Practitioners’ Associations for holding Joint seminars.
23. Office Bearers and Members of Managing Committee of :
• Chamber of Tax Consultants (CTC)
• Bombay Chartered Accountants’ Society (BCAS)
• All India Federation of Tax Practitioners [West Zone]
• The Malad Chamber of Tax Consultants (MCTC)
• Western India Regional Council (WIRC) of ICAI
• Maharashtra Chamber of Commerce, Industry and Agriculture
• Outstation Tax Practitioners’ Associations
• Various Trade Organisations
24. Judges for the various awards for selecting awardees.
25. All Senior Members, Editor and Compilers of the Referencer for checking
and compiling the same.
26. Our statutory auditor Sheth Doshi and Associates, Chartered Accountants
for Auditing the Accounts of our Association for the year 2016-17.
27. Management of the Hotel Radisson Blu, Kochi for excellent arrangements
provided for 41st Residential Refresher Course.
28. Shri Rajesh Bist of Club 7 Holidays Ltd. for excellent arrangement of
International Study Tour at USA.
31
29. Management of Navinbhai Thakkar Auditorium, Mumbai for excellent

arrangement for Seminars.
30. Management of Dahanukar Hall, Kala Ghoda for excellent arrangement for
Full Day Seminar.
31. Printers M/s. Finesse Graphics Pvt. Ltd. for printing of Sales Tax Review,
Referencer and RRC Paper and other publications.
32 We also thank all those Individuals and organisations who directly or
indirectly helped us in organising various activities of the Association.
33. Our Special thanks to Past Presidents Shri Vinayak Patkar and Shri Sachin
Gandhi for helping in organizing various activities of our association and
providing guidance from time to time.
34. All Staff Members of the Association for their wholehearted support and
co-operation extended throughout the year.
35. Last but not least, the Office Bearers and Managing Committee thank
all the members of the STPAM Family for giving opportunity to serve
the profession and the professional fraternity and also for their full co-
operation.
31. Thanks
We take this opportunity to thank all the members of our Association for their
continued encouragement and constructive suggestions as well as for their
full support and co-operation which enable us to render better services to our
members. However, we sincerely apologise if we have, inadvertently, missed
anyone’s name or hurt anyone’s feelings.
We do hope that the efforts put in by this Managing Committee under the
experienced leadership of Dr. Shashank S. Dhond were satisfactory and seek
your constructive suggestions for further improvement by the incoming team.
Place : Mumbai Dinesh Tambde & Raj Shah

Date : 14th June, 2017 Hon. Jt. Secretaries
32
66th Annual Report
Annexure A
Membership Chart
Type of Membership 31-3-2015 31-3-2016 31-3-2017

Donor Members 3 3 3
Patron Members 4 4 4
Life Members 1,037 1,080 1,173
Ordinary Local Members 1,429 1,338 1,270
Ordinary Outstation Members 999 953 894
Total 3,472 3,378 3,344
Life Members Opening : 1080

Less : Deceased during the year : 0
Add : Admission during Year : 93
Balance Life Members as on 31-3-2017 : 1173
33
Annexure B
Managing Committee Meeting Attendance
Record During July, 2016 to June, 2017
Name Designation Total Meetings Leave of

Meetings attended absence
Dr. Shashank S. Dhond President 13 13
Pranav P. Kapadia Vice-President 13 13 _
Pradip R. Kapadia Hon. Treasurer 13 12 1
Dinesh M. Tambde Hon.Jt. Secretary 13 11 2
Raj P. Shah Hon.Jt. Secretary 13 13 _
Vijay M. Sachiv Ex.Off. Member 13 12 1
Sujata Rangnekar Editor, STR 13 _ _
Amol T. Mane Member 13 8 5
Sonali Bapat Member 13 8 5
Parth Badheka Member 13 7 6
Dharmen R. Shah Member 13 11 2
Ishaan V. Patkar Member 13 6 7
Mahesh Madkholkar Member 13 10 3
Aalok K. Mehta Member 13 12 1
Bhaven D. Mehta Member 13 13 _
Pravin V. Shinde Member 13 13 _
Aditya Surte Member 13 9 4
Ashit K. Shah Member 13 10 3
Dilip V. Nathani Member 13 11 2
Sunil G. Khushlani Member 13 9 2
Vinod K. Mhaske Member 13 12 1
Sunil Joshi Member 13 12 1
Co-opted Members
Sachin R. Gandhi Member 13 11 2
Dhaval Talati Member 13 7 6
Milind Bhonde Member 13 3 10
34
66th Annual Report
Report of an Auditor relating to Accounts Audited under sub-section (2) of sections 33

& 34 and Rule 19 of the Bombay Public Trusts Act.
Registration No. F-2522 (BOM)
Name of the Public Trust
The Goods & Services Tax Practitioners’ Association of Maharashtra, Mumbai
For the year ending 31st March, 2017
(a) Whether accounts are maintained regularly and in accordance with : YES
the provisions of the Act and the rules;
(b) Whether receipts and disbursements are properly and correctly : YES
shown in the accounts;
(c) Whether the cash balance and vouchers in the custody of the : YES
manager or trustee on the date of audit were in agreement with
the accounts;
(d) Whether all books, deeds, accounts, vouchers or other documents : YES
or records required by the auditor were produced before him;
(e) Whether a register of movable and immovable properties is : YES
properly maintained, the changes therein are communicated from
time to time to the regional office, and the defects and inaccuracies
mentioned in the previous audit report have been duly complied
with;
(f) Whether the manager or trustee or any other person required : YES
by the auditor to appear before him did so and furnished the
necessary information required by him;
(g) Whether any property or funds of the Trust were applied for any : NO
object or purpose other than the object or purpose of the Trust;
(h) The amounts of outstandings for more than one year and the : NIL
amounts written off, if any;
(i) Whether tenders were invited for repairs or construction involving : YES
expenditure exceeding ` 5,000/-
(j) Whether any money of the public trust has been invested contrary : NO
to the provision, of Section 35;
(k) Alienations, if any, of the immovable property contrary to the : NO
provisions of Section 36 which have come to the notice of the
auditor;
35
(l) All cases of irregular, illegal or improper expenditure, or failure : NO

or omission to recover monies or other property belonging to the
public trust or of loss or waste of money or other property thereof,
and whether such expenditure, failure, omission, loss or waste
was caused in consequence of breach of trust or misapplication
or any other misconduct on the part of the trustees or any other
person while in the management of the trust;
(m) Whether the budget has been filed in the form provided by rule : YES
16A;
(n) Whether the maximum and minimum number of the trustees is : YES
maintained;
(o) Whether the meetings are held regularly as provided in such : YES
instrument;
(p) Whether the minute books of the proceedings of the meeting is : YES
maintained;
(q) Whether any of the trustees has any interest in the investment of : NO
the trust;
(r) Whether any of the trustees is a debtor or creditor of the trust; : NO
(s) Whether the irregularities pointed out by the auditors in the : YES
accounts of the previous year have been duly complied with by
the trustees during the period of audit;
(t) Any special matter which the auditor may think fit or necessary : NO
to bring to the notice of the Deputy or Assistant Charity
Commissioner.
As per our report of even date
For Sheth Doshi and Associates
Chartered Accountants
Firm No. 110052W
B. M. Doshi
Place : Mumbai Proprietor
Dated : 14.06.2017 Mem. No. 017370
36
66th Annual Report
Audited Statements of Account
and
Balance Sheet
for the period
1-4-2016 to 31-3-2017
37
The Goods & Services Tax Practitioners'

The Bombay Public Trusts Rules, 1951.
Balance Sheet
As at Funds & Liabilities Sche- Page As at
31-3-2016 dule No. 31-3-2017
` `
TRUST FUND OR CORPUS :
i) Admission Fees: I 44
1,492,878 Balance as per last Balance Sheet 1,596,078
103,200 Add : Received during the year 153,200 1,749,278
ii) Donor Membership Fees :
23,002 Balance as per last Balance Sheet 23,002
- Add : Received during the year - 23,002
iii) Patron Membership Fees :
26,506 Balance as per last Balance Sheet 26,506
- Add : Received during the year - 26,506
iv) Life Membership Fees : II 44
450,000 Add : Received during the year 720,000 5,977,301
v) Employees Provident Fund 76,096
EARMARKED & OTHER FUNDS :

6,291,087 New Office Premises Fund 6,291,087
- Add : Received during the year - 6,291,087
OTHER FUNDS :
1,033,112 i) Felicitation / Memorial and Award Fund IIIA 45 1,091,838
182,802 ii) Library Fund / Other Fund IIIB 45 175,272 1,267,110
2,975,764 GENERAL RESERVE 2,975,764
LIABILITIES :
718,976 For Expenses IVA 46 113,611
757,100 Advances & Deposits IVB 46 1,331,673 1,445,284
INCOME & EXPENDITURE A/C :

1,294,931 Add : Surplus/(Deficit) as per Income 863,292 11,514,951
& Expenditure A/c
29,513,388 Total 31,346,379

Firm No. 110052W
B. M. Doshi
Dated : 14-6-2017 Mem. No. 017370
38
66th Annual Report
Schedule VIII {Vide Rule 17(1)} Registration No. F-2522 (BOM)
as at 31st March, 2017
As at Property & Assets Sche- Page No. As at
31-3-2016 Dule 31-3-2017
` `
1,641,382 IMMOVABLE PROPERTIES V 47 1,477,244
3,656,882 OTHER FIXED ASSETS VI 47 3,258,770
21,660,000 INVESTMENTS VII 48 23,625,022
50,558 CLOSING STOCK VIII 50 40,769
1,642,210 ADVANCES & DEPOSITS IX 51 1,734,401
CASH & BANK BALANCES :
807,886 SAVING & CURRENT BANK ACCOUNT XA 52 1,132,311
54,470 CASH & COURT FEES STAMPS BALANCES XB 52 77,862
29,513,388 Total 31,346,379

Dr. Shashank Dhond Pranav P. Kapadia Pradip R. Kapadia Dinesh Tambde
President Vice-President Hon. Treasurer Raj Shah
39

Income and Expenditure Account
Year ended Expenditure Annexure Page No. Year ended
31-3-2016 31-3-2017
` `
Establishment Expenses :
1,458,653 a) Expenses on Human Resources A 53 1,451,268
b) Administrative Expenses :
89,152 Electricity Charges 108,775
71,641 Telephone Charges B 53 70,917
104,193 Printing & Stationery 137,786
117,999 Postal & Courier Charges 111,330
26,544 Xerox and Printing Charges 28,576
27,378 Conveyance Charges 26,016
48,163 Sundry Expenses 67,076
109,306 Administrative & Contractual Service Charges 406,378
8,605 Prize Distribution Expenses 14,320
18,846 SMS Expenses - General 22,857
c) Professional Fees :
28,197 Legal & Professional Fees – 39,620
28,625 Audit Fees 28,750
44,456 d) Repairs & Maintenance Charges 181,808
e) Financial Charges :
3,635 Bank Charges 12,410
f) Expenditure in respect of Property :

42,916 Society Charges (Mazgaon Tower) 41,607
34,520 Library Expenses (Mazgaon Library) -
342,379 Library Repairs (Bandra Library) 1,820
3,791 Insurance Charges 4,109
Mazgaon Tower Repairs 209,570
Expenditure on the Objects of the Association :

Educational Expenses :
1,237,527 i Journal (Sales Tax Review) C 54 1,344,850
ii Publications :
157,569 Own Publications D 55 208,229
77,986 Other Publications DI 55 78,236
1,640,013 iii Referencer Printing Charges E 56 1,955,712
86,606 iv Study Circle Meetings 91,501
160,595 v Library Expenses F 57 137,698
23,815 vi News Bulletin 11,250
5,993,110 c/f Total 6,792,469
40
66th Annual Report
for the year ended 31st March, 2017
Year ended Income Annexure Page Year ended
31-3-2016 No. 31-3-2017
` `
3,198,250 Membership Fees M 68 3,066,500
Income From Investments :

240,000 a) Interest on Company Deposits and 1,33,872
Bonds
1,730,402 b) Interest on Bank Fixed Deposits - BOI 15,15,010
Interest on Bank Fixed Deposits - SBI 1,48,035
1,970,402 Total 17,96,917

Less:-i) Trans. To Felicitation/
79,294 Memorial and Award Fund. 82,649
14,438 ii) Trans to Library Fund 14,624
1,876,670 Total 97,273 1,699,644
13,069 c) Interest on I.Tax Refund 13,891
i. Income From Educational Activities :

814,979 Journal (Sales Tax Review) C 54 785,986
ii. Income from Sale of Publications :

183,708 a) Sale of Own Publications D 55 242,535
101,638 b) Sale of Other Publications DI 55 101,348
1,673,390 c) Publication of Referencer E 56 1,943,086
iii. Income from Refresher Courses &

Seminars :
2,735,985 a) 40th Residential Refresher Courser at
Amritsar
305,500 b) Full Day Seminar on 14.12.2015 at
Navin Thakkar Auditorium
105,500 c) Specialised Course on Service Tax -
2014-15
d) Full Day Seminar on 28.04.2016 at GI 58 775,800
Navin Thakkar Auditorium
e) Full Day Seminar on 11.05.2016 at GII 59 315,200
Kala Ghoda
f) 2 Full Day Seminar - 22rd & 23rd Oct GIII 60 1,094,704
2016 at Navin Thakkar Auditorium
g) 41st Residential Refresher Course at L 67 2,789,061
Kochi
11,008,689 Total 12,827,755

41

Income and Expenditure Account
Year ended Expenditure Annexure Page Year ended
31-3-2016 No. 31-3-2017
` `
5,993,110 b/f 6,792,469
vii Expenditure on Refresher Courses & Seminars :
2,560,914 a) 40th Residential Refresher Course At Amritsar
295,116 b) Full Day Seminar on 14.12.2015 at Navin Thakkar
Auditorium
c) Full Day Seminar on 28.04.2016 at Navin Thakkar GI 58 530,412
Auditorium
d) Full Day Seminar on 11.05.2016 at Kala Ghoda GII 59 224,256
e) 2 Full Day Seminar - 22nd & 23rd Oct 2016 at Navin GIII 60 914,987
Thakkar Auditorium
49,948 g) Specialised Course on Service tax 2014-15 -
h) 41st Residential Refresher Course at Kochi L 67 2,637,107
17,673 viii) Outstation Seminar 33,188
ix) Expenditure on other Educational Activities :
28,842 a) 29th Batch of Coaching Class - 2014-15
49,645 b) 30th Batch of Coaching Class - 2015-16 -
12,529 c) Intensive Study Course - 2014-15
16,990 d) Intensive Study Course - Service Tax - 2015-16
54,102 e) Intensive Study Course - 2015-16 -
f) Intensive Study Course - 2016-17 H 64 56,224
g) 31st Batch of Coaching Class 16-17 I 65 127,859
h) Orientation Course on Model GST Law 2016-17 J 65 38,200
Social Events :
a) Triangular Box Cricket Tournament 2016-17 K 66 12,030
25,021 b) Foundation Day Celebration and Diwali Get-to-gether 14,759
30,891 c) AGM Meeting Expenses 59,600
d) SGM Meeting Expenses 9,511
190,773 e) Election Expenses 145,819
13,857 f) Mega Guidance Cell 25,415
75,607 g) Committee Meetings 62,543
34,224 h) Website Expenses 61,037
2,288 i) Interest - Service Tax 5,870
j) Interest on TDS 4,940
k) T.D.S. PAID A.Y. 2008-09 3,410
l) T.D.S. PAID A.Y. 2010-11 960
m) T.D.S. PAID A.Y. 2011-12 3,060
n) TDS PAID A.Y. 2013-14 250
689,071 o) Depreciation 646,367
12,410,273
1,294,931 Excess of Income over Expenditure 863,292
11,435,532 Total 13,273,565
Firm No. 110052W
B. M. Doshi
Dated : 14-6-2017 Mem. No. 017370
42
66th Annual Report
for the year ended 31st March, 2017
Year ended Income Annexure Page Year ended
31-3-2016 No. 31-3-2017
` `
11,008,689 b/f 12,827,755
Surplus from Seminar Jointly held
30,852 a) Joint Workshop On MVAT, Service Tax & Allied
Laws - 2014-2015
9,700 b) Joint Workshop On MVAT, Service Tax & Allied GIV 61 4,203
Laws - 2015-16
31,335 c) Joint Seminar on Real Estate Transactions
d) Joint Workshop on MVAT at Malad 2015-16 GV 62 25,747
e) Joint Workshop On GST, MVAT, and Service Tax GVI 63 38,266
2016-17
Income From other Educational Activities :

28,278 a) 29th Batch of Coaching Class - 2014-15
75,700 b) 30th Batch of Coaching Class - 2015-16
46,827 c) Intensive Study Course - 2014-15
101,400 d) Intensive Study Course -2015-16
33,750 e) Intensive Study Course on Service Tax - 2015-16
f) Intensive Study Course 2016-17 H 64 95,627
g) 31st Batch of Coaching Class 2016-17 I 65 148,928
h) Orientation Course on Model GST Law 2016-17 J 65 99,000
39,339 Profit on Sale of Assets -
29,662 Miscellaneous Income 34,039
11,435,532 Total 13,273,565
Note : Previous years figures have been re-grouped/re-arranged wherever found necessary.

Dr. Shashank Dhond Pranav P. Kapadia Pradip R. Kapadia Dinesh Tambde
President Vice-President Hon. Treasurer Raj Shah
43
Schedules to Balance Sheet as at 31-3-2017

Schedule I
31.03.2017
`
Balance as per last balance sheet 1,596,078
Admission Fees :
Received during the year
1 Life Members Local 46 X 800 = 36,800
Life Members Outstation 8 X 800 = 6,400
2 Ordinary Members Local 125 X 500 = 62,500
Ordinary Members Outstation 95 X 500 = 47,500 153,200
Total 1,749,278
Schedule II
31.03.2017
`
Balance as per last balance sheet 5,257,301
Life Membership Fees :
Received during the Year 72 X 10,000 = 720,000 720,000
Total 5,977,301
44
66th Annual Report
Schedule IIIA : Felicitation, Memorial & Awards Funds & Students Prize Funds
Sr. Name Op. Received Add Less Prize Closing
No. Balance during Interest given Balance
1-4-2016 the year @8% 31-3-2017
` ` ` ` `
1 Past President Memorial Fund 58,133 - 4,651 2,900 59,883
i) Created out of Association Fund (For Best Speaker
in Study Circle Meeting, Best Writer of Article for
"Sales Tax Review" and Championship in all Sports
activities.)
ii) Contribution from Mr.Arvind Thakkar (For 122,837 - 9,827 3,405 129,259
Conducting Lecture Series)
2 V. G. Varde & M. S. Sane & K. B. Kayastha Memorial 48,990 - 3,919 1,100 51,809
Fund (For Best Article in "Sales Tax Review")
3 Satishchand Laxmichand Memorial Fund (For Best 27,001 - 2,160 1,620 27,541
Pleader in Mock Tribunal)
4 M. D. Ranade & R. S. Bapat (Best Paper writer RRC 28,588 - 2,287 1,200 29,676
& Best Column Writer in STR)
5 Bharat D. Vasani Prize Fund (For Best Paper Writer 99,970 - 7,998 - 107,967
in NRRC)
6 Smt. Bhanuben Vora Education Fund 27,892 - 2,231 - 30,123
(For securing highest percentage of marks in the M.
Com Examination)
7 Pourana & Gala & Gala Memorial Prize 30,838 - 2,467 - 33,305
i) For securing highest percentage of marks in the B.
Com Examination
ii) For securing highest marks in the paper of
Accountancy in the B.Com. Examination
8 Bharat D. Vasani Prize Fund 69,456 - 5,556 3,000 72,012
(For C.A.- Final Exam. )
9 T.B.Lulla Memorial Prize Fund 143,160 - 11,453 - 154,612
(For Best Participant of Moot Court Competition)
10 T.B.Lulla Memorial Prize Fund 125,754 - 10,060 2,600 133,215
(for Best Outstation Seminar)
11 D. M. Gala Prize Fund 98,315 - 7,865 5,898 100,282
12 Other Funds (Combined) 152,179 - 12,174 2,200 162,154
Total (A) 1,033,112 - 82,649 23,923 1,091,838
Schedule III B
Sr. Name Op. Received Add Less Closing
No. Balance during the Interest Books Balance
1-4-2016 year @8% Purchase 31-3-2017
` ` ` ` `
1 Library Fund (B) 182,802 - 14,624 22,154 175,272
Total (A + B) 1,215,914 - 97,273 46,077 1,267,110
45
Schedule IV : Liabilities
Schedule IVA : Liabilities for Expenses
Sr. Particulars 31-3-2017 31-3-2016

No.
` `
1 Sheth Doshi & Associates (Audit & Professional Charges) 31,500 31,350
2 Outstanding Telephone Charges 6,212 8,022
3 Outstanding Exp Website Maintenance Charges 2,950 2,577
4 Outstanding Creditors for Electricity (Mazgaon Tower & Library) 5,000 11,112
5 Provision for TDS 3,288 3,286
6 Provision for Swachh Bharat Cess 2015-16 - 90
7 Provision for Swachh Bharat Cess 2016-17 5,444 -
8 Provision for Moot Tribunal 2015-16 (Coaching Class) - 18,786
9 Refund for 40th RRC at Amritsar - 136,165
10 Staff Leave Encashment 2015-16 - 47,315
11 Staff Leave Encashment 59,217 -
12 Jt.Workshop on MVAT, Service Tax Allied Law 2015-16 - 9,701
13 Shandar Interior Pvt. Ltd. - Library Renovation - 450,572
Total 113,611 718,976

Schedule IVB : Liabilities for Advances & Deposits Received
Sr. Particulars 31-3-2017 31-3-2016
No.
` `
1 Deposit for Lockers - 73,125
2 Advance Service Charges 174,900 78,600
3 Advance Subscription 139,000 65,000
4 Advance Membership Fees (Outstation) 285,000 253,750
5 Advance Membership Fees (Local) 698,000 271,500
6 Intensive Study Course 2016-17 34,773 -
7 Receipt - Workshop 2015-16 - 15,125
Total 1,331,673 757,100
46
66th Annual Report
Fixed Assets
Schedule V : Immovable Properties
Particulars of Assets WDV as on Addition Deduction Total Rate of Depreciation Balance

1-4-2016 on or before on or after during the depre- up to as on
30-9-2016 1-10-2016 year ciation 31-3-2017 31-3-2017
%
` ` ` ` ` ` ` `
Office Premises (A) 1,641,382 - - - 1,641,382 10% 164,138 1,477,244
Schedule VI : Other Fixed Assets
Furniture & Fixtures 1,916,739 - - 1,916,739 10% 191,674 1,725,065
(Mazgaon Library)
Furniture & Fixtures - (Office) 178,414 - - 178,414 10% 17,841 160,572
Furniture & Fixtures - 519,656 - - 519,656 10% 51,966 467,690
(Bandra Library)
Electric Fittings 146,283 - - 146,283 15% 21,942 124,341
Air Conditioners (Maz.Tower) 20,294 - - - 20,294 15% 3,044 17,250
Air Conditioners (Maz. Library) 301,408 - - - 301,408 15% 45,211 256,197
EPBX System (Maz. Tower) 1,520 - - - 1,520 15% 228 1,292
EPBX System (Maz. Library) 15,083 - - 15,083 15% 2,262 12,821
Amplifier & Loudspeaker 36,632 - - 36,632 15% 5,495 31,137
Water Cooler 17,001 - - 17,001 15% 2,550 14,451
Water Purifier (Maz.Library) 11,084 - - 11,084 15% 1,663 9,421
Water Purifier (Maz. Tower) - 8,990 - 8,990 15% 674 8,316
Computer & Accessories 58,512 30,500 25,500 - 114,512 60% 61,057 53,455
Signage Boards(Maz.Library ) 143,197 3,938 - - 147,135 10% 14,714 132,422
Camera 3,408 - - - 3,408 15% 511 2,896
CCTV Camera (Maz.Tower) 14,259 - - - 14,259 15% 2,139 12,120
CCTV Camera (Maz.Library) 60,963 - - - 60,963 15% 9,144 51,818
Cleaning Machine 671 - - - 671 15% 101 570
Fax Machine 3,045 - - - 3,045 15% 457 2,589
LCD Projector 40,859 - - - 40,859 15% 6,129 34,730
Software Package 1 - - - 1 60% 1
Mass E-Mail Software 1 - - - 1 60% 1
Mass SMS Software 1 - - - 1 60% 1
Account Software Package 642 - - - 642 60% 385 257
Attendance Recording 10,399 15,188 - - 25,587 15% 3,838 21,749
System
Web Site 156,810 - - 156,810 25% 39,203 117,608
(B) 3,656,882 49,626 34,490 - 3,740,998 482,229 3,258,770
Total (A + B) 5,298,264 49,626 34,490 - 5,382,380 646,367 4,736,014
47
Schedule VII : Investments
Sr. DETAILS OF FDR Op. bal. Op. bal. Invested FDR Excess Interest Interest Cl. Bal of TDS Closing Total TOTAL
No. Principal Accrued During Matured Provision Received Receivable Principal A.Y. Bal. of Investment INTEREST
Amount of FDR Interest of FDR The Year During in Earlier During Up To Amt. 2017-18 Accrued In F.D.R.
1-4-2016 1-4-2016 ` The Period year The Period 31-3-2017 of FDR Interest as on
` ` ` (TDS ` ` ` on FDR 31-3-2017
effect) ` `
INVESTMENT IN COMPANY DEPOSIT
DATE OF DATE OF
DEPOSIT MATURITY
INVESTMENT IN BONDS
1 G.O.I Bonds
AXIS Bank
20.10.2010 20.10.2016 3,000,000 38,795 - 3,000,000 - 133,872 - 17,267 - 133,872
8% Savings
Taxble Bonds
A 3,000,000 38,795 - - - 133,872 - - 17,267 - - 133,872
INVESTMENT IN BANK DEPOSITS, WITH
BANK OF INDIA F.D.R. NO.
2 10994 21.05.2015 21.05.2016 1,370,000 98,491 1,370,000 - 17,286 - - - - - 17,286
3 10998 22.05.2015 22.05.2016 1,370,000 98,193 1,370,000 - 17,970 - - - - - 17,970
4 11002 23.05.2015 23.05.2016 600,000 42,872 600,000 - 7,863 - - - - - 7,863
5 11004 25.05.2015 25.05.2016 720,000 51,134 720,000 - 9,785 - - - - - 9,785
48
6 11005 25.05.2015 25.05.2016 450,000 31,958 450,000 - 6,116 - - - - - 6,116
7 11006 25.05.2015 25.05.2016 550,000 39,060 550,000 - 7,475 - - - - - 7,475
8 11018 27.05.2015 27.05.2016 500,000 35,292 500,000 - 7,037 - - - - - 7,037
9 11019 27.05.2015 27.05.2016 500,000 35,291 500,000 - 7,037 - - - - - 7,037
10 11021 28.05.2015 28.05.2016 500,000 35,182 500,000 - 7,416 - - - - - 7,416
11 11022 28.05.2015 28.05.2016 500,000 35,182 500,000 - 7,416 - - - - - 7,416
12 11160 01.07.2015 01.07.2016 550,000 34,475 550,000 - 14,096 - - - - - 14,096
13 11161 01.07.2015 01.07.2016 550,000 34,475 550,000 - 14,096 - - - - - 14,096
14 11162 01.07.2015 01.07.2016 650,000 40,743 650,000 - 16,659 - - - - - 16,659
15 11163 01.07.2015 01.07.2016 650,000 40,743 650,000 - 16,659 - - - - - 16,659
16 09200 07.04.2014 07.04.2017 650,000 116,073 - - - - 71,718 650,000 - 187,791 837,791 71,718
17 09291 25.04.2014 25.04.2017 500,000 87,011 - - - - 54,954 500,000 - 141,965 641,965 54,954
18 09292 25.04.2014 25.04.2017 500,000 87,010 - - - - 54,955 500,000 - 141,965 641,965 54,955
19 04007 12.08.2015 13.08.2016 400,000 20,832 400,000 - 14,655 - - - - - 14,655
20 04008 12.08.2015 13.08.2016 400,000 20,832 400,000 - 14,655 - - - - - 14,655
21 11359 20.08.2015 20.08.2016 600,000 30,253 600,000 - 22,177 - - - - - 22,177
22 11360 20.08.2015 20.08.2016 600,000 30,253 600,000 - 22,177 - - - - - 22,177
23 04016 03.09.2015 04.09.2016 250,000 11,510 250,000 - 9,524 - - - - - 9,524
24 11497 15.09.2015 15.09.2016 200,000 8,726 200,000 - 7,854 - - - - - 7,854
25 11612 07.10.2015 07.10.2016 300,000 11,292 300,000 12,642 - - - - - 12,642
26 11693 28.10.2015 28.10.2016 200,000 6,636 200,000 9,320 - - - - - 9,320
27 12147 14.03.2016 14.03.2017 3,000,000 10,008 3,000,000 215,060 - - - - - 215,060
28 12148 14.03.2016 14.03.2017 600,000 2,002 600,000 43,012 - - - - - 43,012
29 12186 22.03.2016 22.03.2017 500,000 883 500,000 36,628 - - - - - 36,628
30 12187 22.03.2016 22.03.2017 500,000 883 500,000 36,628 - - - - - 36,628
31 12186 22.03.2017 22.03.2018 537,511 910 537,511 910 538,421 910

32 12187 22.03.2017 22.03.2018 537,511 910 537,511 910 538,421 910
33 4122 30.05.2016 31.05.2017 500,000 31,192 500,000 31,192 531,192 31,192
34 4123 30.05.2016 31.05.2017 500,000 31,192 500,000 31,192 531,192 31,192
35 4124 30.05.2016 31.05.2017 500,000 31,192 500,000 31,192 531,192 31,192
36 4125 30.05.2016 31.05.2017 800,000 49,908 800,000 49,908 849,908 49,908
37 4126 30.05.2016 31.05.2017 500,000 31,192 500,000 31,192 531,192 31,192
38 4127 30.05.2016 31.05.2017 600,000 37,431 600,000 37,431 637,431 37,431
39 4128 30.05.2016 31.05.2017 1,500,000 93,577 1,500,000 93,577 1,593,577 93,577
40 4129 30.05.2016 31.05.2017 1,500,000 93,577 1,500,000 93,577 1,593,577 93,577
41 4130 30.05.2016 31.05.2017 700,000 43,669 700,000 43,669 743,669 43,669
42 4131 30.05.2016 31.05.2017 600,000 37,431 600,000 37,431 637,431 37,431
43 4132 30.05.2016 31.05.2017 600,000 37,431 600,000 37,431 637,431 37,431
66th Annual Report
44 4133 30.05.2016 31.05.2017 600,000 37,431 600,000 37,431 8 37,431

45 4134 30.05.2016 31.05.2017 600,000 37,431 600,000 37,431 637,431 37,431
46 12692 29.09.2016 29.09.2017 700,000 26,068 700,000 26,068 726,068 26,068
47 12694 29.09.2016 29.09.2017 500,000 18,620 500,000 18,620 518,620 18,620
48 12695 29.09.2016 29.09.2017 500,000 18,620 500,000 18,620 518,620 18,620
49 12696 29.09.2016 29.09.2017 500,000 18,620 500,000 18,620 518,620 18,620
50 12697 29.09.2016 29.09.2017 500,000 18,620 500,000 18,620 518,620 18,620
51 1063 19.10.2016 27.01.2017 2,000,000 2,000,000 36,986 - - - - 36,986
52 13119 30.03.2017 30.03.2018 700,000 132 700,000 132 700,132 132
53 13121 31.03.2017 31.03.2018 1,000,000 - 1,000,000 - 1,000,000 -
54 13122 31.03.2017 31.03.2018 1,000,000 - 1,000,000 - 1,000,000 -
55 13123 31.03.2017 31.03.2018 1,000,000 - 1,000,000 - 1,000,000 -
B 18,660,000 1,097,295 18,975,022 19,010,000 - 638,229 876,781 18,625,022 - 1,166,875 19,154,474 1,515,010
INVESTMENT IN BANK DEPOSITS, WITH STATE BANK OF INDIA
49
56 36183957430 17.10.2016 17.02.2018 500,000 14,984 500,000 1,665 14,984 514,984 16,649
57 26183975562 17.10.2016 17.02.2018 500,000 14,984 500,000 1,665 14,984 514,984 16,649
58 36183983324 17.10.2016 17.02.2018 500,000 14,984 500,000 1,665 14,984 514,984 16,649
59 36183985015 17.10.2016 17.02.2018 500,000 14,984 500,000 1,665 14,984 514,984 16,649
60 36184072988 17.10.2016 17.02.2018 500,000 14,984 500,000 1,665 14,984 514,984 16,649
61 36429982176 17.11.2016 17.03.2018 1,000,000 23,324 1,000,000 2,592 23,324 1,023,324 25,916
62 36429965138 17.11.2016 17.03.2018 1,000,000 23,324 1,000,000 2,592 23,324 1,023,324 25,916
63 36429983419 17.11.2016 17.03.2018 500,000 11,662 500,000 1,296 11,662 511,662 12,958
C - - 5,000,000 - - - 133,230 5,000,000 14,805 133,230 5,133,230 148,035
TOTAL 21,660,000 1,136,090 23,975,022 19,010,000 - 772,101 1,010,011 23,625,022 32,072 1,300,105 24,287,704 1,796,917
A+B+C
CLOSING BALANCES OF PRINCIPAL AMOUNT ACCRUED INTEREST INTEREST RECEIVED

A GOI AXIS BANK BONDS 0 A - A INTEREST ON GOI AXIS BANK BONDS 133,872
B BANK OF INDIA FD 18,625,022 B 1,166,875 B BANK OF INDIA 1,515,010
C STATE BANK OF INDIA 5,000,000 C 133,230 C STATE BANK OF INDIA 148,035
TOTAL INVESTMENT 23,625,022 1,300,105 TOTAL INTEREST INCOME 1,796,917
Schedule VIII : Closing Stock As On 31-3-2017
Sr. Particulars Opening Sale Quantity Quantity Quantity Total Rate Closing
No Stock QTY Mazgaon Mazgaon Bandra Stock
Tower Counter Counter Value
` `
OWN PUBLICATION
1 Compilation of MVAT Rule C.D 305 0 300 5 0 305 0 1
2 Compilation of Gazette & Notification CD 152 0 152 0 0 152 0.00 1
3 C.J. (CD) New 55 6 49 0 0 49 84 4,116
4 Letter of Authority 11250 502 10500 0 248 10748 0.41 4,407
5 Circular & DDQ CD - 2011 215 0 215 0 215 0 1
6 DDQ CD - 2012 146 0 146 0 0 146 0 1
7 DDQ CD - 2013 2 0 0 2 0 2 0 1
8 37th RRC Papers (Hyderabad) 1 0 1 0 0 1 0 1
9 38th RRC Paper (Jaipur) 53 0 28 25 0 53 0 1
10 39th RRC Paper (New Delhi) 35 0 35 0 0 35 0 1
11 40th RRC Paper (Amritsar) 53 23 30 0 0 30 0 -
12 40th RRC Queries Paper (Amritsar) 48 0 48 0 0 48 0 1
13 Recent Amendments (2013) 22 0 13 9 0 22 0 1
14 Beginners Book - 2013-14 190 8 154 15 13 182 0 1
15 Beginners Book - 2014-15 5 1 4 0 0 4 0 1
16 17th NRRC 1 0 1 0 0 1 0 1
17 MSTT Digest 2009-14 100 50 25 25 0 50 286.98 14,349
18 Seminar Booklet-14.12.2015 7 0 7 0 0 7 0 -
19 Short Publication - LBT 188 0 188 0 0 188 0 1
20 Short Publication - Service Tax 116 45 10 61 0 71 27.77 1,972
21 18th NRRC 21 0 0 21 0 21 -
22 Table Referencers 2015-16 216 211 186 613 0 -
23 Pocket Referencers 2015-16 660 20 40 720 0 -
24 Seminar Booklet-11.05.2016 0 41 0 41 145.31 5,958
25 Seminar Booklet-28.04.2016 3 0 0 3 84.4 253
26 Seminar Booklet 22nd & 23rd Oct 225/- 3 0 0 3 217.45 652
27 Seminar Booklet 22nd & 23rd Oct 150/- 32 0 0 32 103.77 3,321
28 Table Referencers 2016-17 58 171 146 375 308.48 1
29 Pocket Referencers 2016-17 1 13 54 68 84.40 1
30 41st RRC Paper 250/- 0 0 43 43 133.33 5,733
12,965 635 12,879 619 730 14,228 1,476 40,769
Other Publication
1 AIFTP - 2-Day National Tax Conference 0 0 0 0 0 0 0 -
2 V.G. Mehta Ready Reckoner 0 0 0 0 0 0 0 -
3 Law Times MVAT Act 0 0 0 0 0 0 0 -
4 NBC Central Budget 0 0 0 0 0 0 0 -
5 NBC CST Acts 0 0 0 0 0 0 0 -
6 NBC Entry Good Act 0 0 0 0 0 0 0 -
7 NBC Entry of motor vehicle 0 0 0 0 0 0 0 -
8 NBC GST bill 0 0 0 0 0 0 0 -
9 NBC Luxuries Act 0 0 0 0 0 0 0 -
10 NBC Module GST Act 2016 0 0 0 0 0 0 0 -
11 NBC Module GST Law 0 0 0 0 0 0 0 -
12 NBC M-VAT Act 0 0 0 0 0 0 0 -
13 NBC M-VAT Act Marathi 0 0 0 0 0 0 0 -
14 NBC PT 0 0 0 0 0 0 0 -
15 NBC Stamp Act & Rules 0 0 0 0 0 0 0 -
16 The Indian Partnership Act 0 0 0 0 0 0 0 -
0 0 0 0 0 0 0 -
Total 40,769
50
66th Annual Report
Schedule IX : Advances, Receivable and Deposits (Assets)
Sr. Particulars 31-3-2017 31-3-2016

No. ` `
1 BEST Deposit 17,610 17,610
2 G.P.O. Deposit 22,174 22,174
3 MTNL (Telephone Deposit) 24,591 24,591

4 TDS On Interest Income 83,712 294,879
5 Accrued Interest Receivable 1,300,105 1,136,089
6 Service Tax 2015-16 (CENVAT) 82,041 33,411
7 Prepaid Expenses for SMS 46,608 275
8 Prepaid Expenses for Repairs and Renewals - 27,066
9 40th RRC – Kinjal Foods - 19,000

10 40th RRC – IRCTC - Refund Receivable 8,479 35,615
11 Receivable from Club7 Holidays (Advertisement - 31,500
Charges)
12 LIC of India (Group Gratuity surrender value) 149,081
Total 1,734,401 1,642,210
51
Schedule X : Cash & Bank Balances
Schedule XA : Saving & Current Bank A/c
31-3-2017 31-3-2016
` `
1 With Bank of India – Mazgaon Branch - C/A No. – 1816 886,499 592,350
2 With Bank of India – Mazgaon Branch - C/A No. – 1817 129,081 114,208
3 With Bank of India – Mazgaon Branch - S/B A/C No. – 22635 106,364 101,328
4 With State Bank of India – Mazgaon Branch – C/A No. - 10,368 -

36138179257
Total 1,132,311 807,886
Schedule XB : Cash and Court Fee Stamps Balances
31-3-2016 31-3-2015
` `
1 Cash on Hand 35,862 17,470
2 Court Fee Stamps 42,000 37,000
Total 77,862 54,470
52
66th Annual Report
The Goods & Services Tax Practitioners' Association of Maharashtra
Annexure A : Expenses on Human Resources
Particulars 31-3-2017 31-3-2016

` `
1 Salaries 951,113 922,020
2 Staff Leave Encashments 59,217 216,780
3 Bonus to Staff 58,306 79,085
4 Employers Cont. to P.F. 73,768 76,074
5 Medical Allowance 89,133 79,085
6 Gratuity Paid 180,717 57,561
7 Staff Welfare 39,014 28,048
Total 1,451,268 1,458,653
Annexure B : Telephone Charges
Particulars 31-3-2017 31-3-2016

` `
1 Mazgaon Tower 38,708 41,917
2 Mazgaon Library 27,936 25,765
3 Bandra Library 4,273 3,959
Total 70,917 71,641
53
Annexure C : Journal (Sales Tax Review) A/c for the Year Ended 31-3-2017
Year Expenditure Year Ended Year Ended Income Year Ended

Ended 31-3-2017 31-3-2016 31-3-2017
31-3-2016 ` ` `
`
1,107,470 Paper & Printing 1,223,874 401,000 Subscription from 356,000
Charges of Journal
Non-Members (356 x 1000)
334,800 Subscription Charges for 356,400
130,057 Postal & Courier 120,976 S.T.R. from Life
Charges Members (594 x 600)
75,000 Advertisements Receipts 64,500
3,579 Interest on Saving A/c 4,136

with bank
600 Retail Sales 4,950
1,237,527 Total Expenses 1,344,850 814,979 Total Income 785,986
422,548 Excess of Expenses over 558,864
Income
1,237,527 Total 1,344,850 1,237,527 Total 785,986
54
66th Annual Report
Statement of Books as on 31-3-2017

Annexure D
Own Publication A B C D E
Op. Stock Purchases Sales Cl. Stock Surplus
` ` ` ` `
Books & Bulletin A/c 40,875 158,122 200,065 32,248 33,316
CJCD 4,620 - 1,200 4,116 696
Sale of Forms (L. A.) 4,613 - 500 4,407 294
Total 50,108 158,122 201,765 40,770 34,306
Opening Stock A 50,108 Sales C 201,765

Add:- Purchase B 158,122 Add:- Closing Stock D 40,770
208,229 242,535
Surplus 34,306
Total 242,535 242,535
Annexure D-I
Own Publication A B C D E
Op. Stock Purchases Sales Cl. Stock Surplus
` ` ` ` `
New Book Corporation - 22,706 30,208 - 7,502
Law Times Bombay - 4,860 6,480 - 1,620
V.G.Mehta I.T.R.R. 450 25,500 34,600 - 8,650
MCTC - Budget Book - 4,200 4,200 - -
All India Fed. TP (17th Convention) - 20,520 25,860 - 5,340
Total 450 77,786 101,348 - 23,112
Opening Stock A 450 Sales C 101,348

Add:- Purchase B 77,786 Add:- Closing Stock D -
78,236 101,348
Surplus 23,112
Total 101,348 101,348
55
Annexure E : Accounts for Referencer 2016-17
Expenditure Amount Income Amount

` `
STPAM Referencer STPAM Referencer :—
6045 x 308.47 = 1,864,726 Sale 75 x 308.48 = 23,136
Sale 1809 x 350 = 633,150
Sale 3730 x 320 1,193,600
5614 1,849,886 1,849,886
Pocket Referencer
1000 x 84.4 = 84,400
Pocket Referencer :—
Amount paid to Finesse Graphics
Prints Pvt. Ltd. & Finesse Multimedia 1,949,126 Sale 932 x 100 = 93,200
1,949,126 932 93,200 93,200
56
Closing Stock
Referencer SMS Charges 6,586 Referencers 375 x 308.48 = -
Pocket Referencers 375 x 308.48 = -
-
1,955,712 1,943,086
Complimentary Referencer :—
56 x 308.48 = 17,275
Complimentary Pocket Referencer :–

0 x 0.00 = -
Deficit 12,626
Total 1,955,712 Total 1,955,712
66th Annual Report
Annexure F : Details of Library Expenses
Sr. Particulars 31-3-2017 31-3-2016

No. ` `
1 Newspapers & Periodicals & STC Online 65,739 63,860
2 Electricity Charges 41,849 67,992
3 Bandra Office Expenses 9,052 7,666
4 Book Binding Charges - -
5 Library Cleaning Charges 13,205 10,300
6 Subscription Membership (IMC) 8,000 3,648
7 Misc. Expenses & Cleaning Materials 918 8,279
138,763 161,745
Less : Sale of Raddi 1,065 1,150
Total 137,698 160,595
57
Annexure GI : Account for full Day Seminar on 28th April, 2016 Navin Thakkar Auditorium,
Vile Parle, Mumbai
Expenditure Amount ` Income Amount `

Auditorium Charges 64,121 Delegate Fees 481 x 1250 601,250
1 x 1300 1,300
A.C & Electricity Charges 19,590
Non Members 105 x 1650 173,250
Catering Charges 328,185 587 775,800 775,800
Xerox Charges 263
Memento to Delegates
Folder (530 x 15.19) 8,049
Pen (525 x 7.91) 4,154
Writing Pad (544 x 5) 2,720
14,923 14,923
Memento to Speaker 17,100
Photo Charges & Video Shooting 19,925
Printing Charges of Books

The Goods & Services Tax Act, 49,543
2016 (587*84.40)
SMS Charges 4,428
Misc. Expenses 12,334

530,412 775,800
Surplus 245,388
Total 775,800 Total 775,800

Cost of Balance Paper 1,097 Sale of Papers 1,200
(13 x 84.40) (10 x 120)
Surplus Stock of Papers
(Trs to Books & Bulletin A/c) 356 (3 x 84.40) 253
1,453 1,453
58
66th Annual Report
Annexure GII : Account for full Day Seminar on 11th May, 2016
Maharashtra Chamber of Commerce, Kala Ghoda, Mumbai

` `
Delegates Fees
Auditorium Charges 14,560 (Excluding Service Tax)
Members 194 x 1250 242,500
Catering Charges 130,350
Non Members 38 x 1650 62,700
Xerox Charges 1,200 232 305,200 305,200
Memento to Delegates Advertisement Fees 10,000
Folder (237 x 15.19) 3,600 (DDP Consultancy Pvt Ltd)
Pen (237 x 9.63 ) 2,282
Writing Pad (228 x 5) 1,140
7,022 7,022 Closing Stock -
Pen 13 x 9.63 125
Memento to Speaker 4,165 Folder 15 x 15.19 227
352
Photo Charges & Video Shooting 17,005 LESS:-
Transferred to
Printing & Stationery
Printing Charges of Books Pen 13 x 9.63 125
The Goods & Services Tax Act, 34,438 Folder 15 x 15.19 227
2016 (237*145.31)
352
SMS Charges 7,497
Misc. Expenses 8,018
224,256 315,200
Surplus 90,944
Total 315,200 Total 315,200

(83 x 145.31) (42 x 180)
(Trs to Books & Bulletin A/c) 1,457 (41 x 145.31) 5,958
13,518 13,518
59
Annexure GIII : Account for Two full Day Seminar on 22nd & 23rd Oct, 2016 Navin Thakkar
Auditorium, Vile Parle, Mumbai
` `
Delegate Fees
Auditorium Charges 126,470 (Excluding Service Tax)
Members 388 x 2348 911,024
A.C & Electricity Charges 25,709
Non Members 64 x 2870 183,680
Catering Charges 517,500 452 1,094,704 1,094,704
Xerox Charges 432
Kit to Delegates
Folder (Del 452 x 32.916 ) 14,878
Complementary (Del 3 x 32.916) 99
Pen (Del 452 x 10.07) 4,552 Balance of Stationery -
Complementary (Del 3 x 10.07) 30 Folder 45 x 32.916 1,481
Writing Pad (Del 452 x 16) 7,232 Pen 45 x 10.07 453
Complementary (Del 3 x 16) 48 Pad 45 x 16.00 720
26,839 26,839 2,654
LESS: Transferred to
Memento to Speaker 9,566 Printing & Stationery
Folder 45 x 32.916 1,481
Photo Charges & Video Shooting 37,000 Pen 45 x 10.07 453
Pad 45 x 16.00 720
Printing Charges of Books The 147,735 2,654
Goods & Services Tax Act, 2016
GST Law @ 150/- (460 X 47,736
103.773)
Module GST Law @ 225/- (460
X 217.391) 99,999
SMS Charges 11,961
Misc Expenses 11,774
914,987 1,094,704
Surplus 179,717
Total 1,094,704 Total 1,094,704

(123*103.773) 12,764 (157*250) 39,250
(575*217.391) 125,000 (415*225) 93,375
(91*150) 13,650
Surplus Stock of Papers 3,973

(Trs to Books & Bulletin A/c) 12,484 (32*103.773) 3,321
(3*217.39) 652
150,248 150,248
60
Annexure GIV : Proportionate Accounts for Joint Workshop on Mvat, Service Tax and Allied Laws for the year
2016-17
Expenditure STPAM BCAS CTC AIFTP MCTC WIRC TOTAL Income STPAM BCAS CTC CTC AIFTP MCTC WIRC TOTAL
Delegate Fees Member
Tea Bill / 2,299 - - - - 2,299 Delegates (Nos) 24 6 1 4
Snacks
Fees Per Member (Exc. 2,000 1,991 2,000 1,991
S.T.)
66th Annual Report
Xerox Charges 285 - - - - 285 Total Fees 48,000 11,946 2,000 7,964
Fees for F Y 2016-17
(A)
Memento to 270 - - - - 270 (2 out 8 Lectures) 12,000 2,987 500 1,991 17,478
Speaker
SMS Charges - - - - - - Delegates Fees

Non Members
Delegates (Nos) 5 8 4 -
Fees Per Member (Exc. 2,500 2,489 2,489 -
S.T.)
61
Total Fees 12,500 19,912 9,956 -
Fees for FY 2016-17

(B)
(2 out 8 Lectures) 3,125 4,978 2,489 - 10,592
Total Expenses 2,854 - - - - - 2,854 Total Income (A+B) 15,125 7,965 2,989 1,991 - - - 28,070
Particulars STPAM BCAS CTC AIFTP MCTC WIRC Total

No. of Delegates 29 14 9 - - - 52
Total Income 15,125 7,965 4,980 - - - 28,070
Total Expenses 2,854 - - - - - 2,854
Receivable/Payable 12,271 7,965 4,980 - 25,216
Share of Total Surplus 4,203 4,203 4,203 4,203 4,202 4,202 25,216
Net Payable/ Receivable 8,068 3,762 777 (4,203) (4,202) (4,202) 25,214
Rounding Off 2
Total 8,068 3,762 777 (4,203) (4,202) (4,202) 25,216
Annexure GV : Proportionate Accounts for Joint Workshop on MVAT at Malad 2016-17

Accounts For the year 2016-17
Expenditure STPAM MCTC TOTAL Income STPAM MCTC TOTAL

Delegate Fees -
Hall Booking Chgs - 44,800 44,800 Member - 98
SNDT
Fees Per Member 1,750
Pen/Pad/Folder - 6,308 6,308 Total Fees 171,500 171,500
Memento to Speaker - 5,523 5,523 Delegates Fees

Non Member - 1
Photographer Exps - 11,000 11,000 Fees Per Member - 2,500
Total Fees 2,500 2,500
Snacks Exps. - 49,770 49,770
Misc. Exps. - 5,106 5,106
SMS Charges - - -
Total Expenses - 122,507 122,507 Total Income - 174,000 174,000
Particulars STPAM MCTC Total

No. of Delegates - 99 99
Total Income - 174,000 174,000
Total Expenses - 122,507 122,507
Receivable/Payable - 51,493 51,493
Share of Total Surplus 25,747 25,747 51,493
Net Payable/ Receivable (25,747) 25,747 -
62
Annexure GVI: Accounts for Joint Workshop on GST, MVAT, and Service Tax 2016-17
Expenditure STPAM BCAS CTC AIFTP MCTC WIRC TOTAL Income STPAM BCAS CTC AIFTP MCTC WIRC TOTAL
Delegate Fees:-
Tea Bill / Snacks/Water 114,709 710 - - - - 115,419 (Excluding Service Tax)
Xerox Charges 38,266 - - - - - 38,266 MEMBERS
Delegates (Nos.) 21 20 27 3 - -
Memento to Speaker 12,377 - - - - - 12,377 Fees per Member 1,740 1,739 1,739 1,739 1,739 1,739
Total Fees 36,540 34,780 46,953 5,217 - - 123,490
66th Annual Report
Folder, Conf. Pad & Pen 5,750 - - - - - 5,750

Misc Charages 400 534 - - - - 934 NON-MEMBERS
Delegates (Nos.) 9 92 24 5 - -
SMS Charges 1,106 - - - - - 1,106 Fees per Member 2,174 2,174 2,174 2,174 2,174 2,174
Total Fees 19,566 200,008 52,176 10,870 - - 282,620
Banner Charges 1,166 - - - - - 1,166
Photographer charges 1,500 - - - - - 1,500
Total Expenses 175,274 1,244 - - - - 176,518 Total Income (A+B) 56,106 234,788 99,129 16,087 - - 406,110
Particulars STPAM BCAS CTC AIFTP MCTC WIRC Total
63
No. of Delegates 30 112 51 8 - - 201
Total Income 56,106 234,788 99,129 16,087 - - 406,110

Total Expenses 175,274 1,244 - - - - 176,518
Balance (119,168) 233,544 99,129 16,087 - - 229,592
Share of Total Surplus 38,266 38,266 38,265 38,265 38,265 38,265 229,592
Payable/ (Receivable) (157,434) 195,278 60,864 (22,178) (38,265) (38,265) -
Cheques to be issued :
BCA to STPAM 195,278 (195,278) -
CTC to STPAM 60,864 (60,864) -
STPAM to AIFTP (22,178) 22,178 -
STPAM to MCTC (38,265) 38,265 -
STPAM to WIRC (38,265) 38,265 -
Balance - - - - - - -
Annexure H : Proportionate Accounts for Intensive Study Circle Meeting 2016-17

From 1st October, 2016 to 31st March, 2017

Tea Bill / Snacks 39,881 Delegates Fees Received 95,627
(Excluding Service Tax)
11 Lectures out of 15
Members : 110
Xerox Charges 6,346 Fees per Member 1,000
Total Fees 110,000
Memento to Speaker 5,200 Fees for FY 2016-17 80,667
SMS Charges 4,797 Non Members : 17

Fees per Non Member 1,200
Total Fees 20,400
Fees for FY 2016-17 14,960
TOTAL 56,224
Surplus 39,403
Total 95,627 Total 95,627

64
66th Annual Report
Annexure I : Accounts for 31st Batch of Coaching Class 2016-17

Tea Bill / Snacks 14,019 Delegates Fees 148,928
Received
(Excluding Service
Tax)
Xerox Charges 19,401 Members :
82 x 1304 = 106,928
Memento to Speaker 14,307 Non-Members :
21 x 2000 = 42,000
Misc. Charges 30 103 148,928
Photo Charges 3,000
SMS Charges 3,320
Printing books for students 46,000
(Qty 100 x 460)
Printing of Certificates (105 x 4,452
42.4)
Courier Charges 195
Referencer 16-17 75 x 308.47 23,135
Complementary
TOTAL 127,859 148,928
Surplus 21,069
Total 148,928 Total 148,928
Annexure J : Accounts for Orientation Course On Model GST Law 2016-17

Tea Bill / Snacks 29,498 Delegates Fees Received 99,000
Members :
Xerox Charges 501 66 X 1500 = 99,000
Non Members :
Memento to Speaker 3,500 0 X 0 = -
0 99,000
Misc. Charges
Photo Charges 1,500
SMS Charges 3,201
TOTAL 38,200
Surplus 60,800
Total 99,000 Total 99,000
65
Annexure K: Accounts for Triangular Box Cricket Tournament 2016-17

Expenditure STPAM MCTC CTC TOTAL Income STPAM MCTC CTC TOTAL
Delegate Fees:
Rent of Ground & 20,000 8,400 - 28,400 (Excluding Service
Cleaning Tax )
Food & Others - 26,460 - 26,460
Delegates (Nos.) 22 22 24
Umpire & Scorer - 5,500 - 5,500 Fees per Member 521 600 521
Total Fees 11,462 13,200 12,504 37,166
Banners - - 4,746 4,746
Sale of Food Coupons - 4,000 174 4,174
Trophy 4,131 - - 4,131
Mandap Decorator & - 3,000 - 3,000
Lights
Photographer Charges - - 2,500 2,500
Bat & Balls & Caps - 1,700 - 1,700
Tips/Conveyance/Xerox - 250 310 560
etc.
First Aid & Energy 145 288 433
Drink
SMS Charges -
Total Expenses 24,131 45,455 7,844 77,430 Total Income (A + B) 11,462 17,200 12,678 41,340
Particulars STPAM MCTC CTC Total

No. of Delegates 22 22 24 68
Total Income 11,462 17,200 12,678 41,340
Total Expenses 24,131 45,455 7,844 77,430
Receivable/Payable (12,669) (28,255) 4,834 (36,090)
Share of Loss of Each Association (12,030) (12,030) (12,030) (36,090)
Net Payable/ Receivable (639) 16,225) 16,864 -
66
66th Annual Report
Annexure L: Account for 41st RRC at Kochi, between 9th February, 2017 to 12th February,
2017
EXPENDITURE AMOUNT INCOME AMOUNT
Hotel Charges 1,886,759 Delegates Fees (Excluding Service Tax) 2,928,675
Pre-Visit Expenses 48,971 Less :- Refund of Delegates Cancelled 92,958
Less :- Refund of Train Tickets 51,656
Xerox Charges 100 144,614 2,784,061
RRC Misc. Expenses 44,940
RRC Folder , Pen & Writing Pad
SMS Charges 5,616 Folder ( 14 x 42.4 ) 594
Pen ( 14 x 25.5 ) 357
Train Ticket Charges 2,400 Pad ( 24 x 6.50 ) 156
Less : Train Cancelled Receivable - 2,400 Cotton Caps ( 7 x 47.7 ) 334
from IRTC 1,441
Bus Charges 143,630 LESS :- Transferred to Printing &
Stationry A/c
Folder ( 14 x 42.4 ) 594
Boat Ticket Charges 40,000 Pen ( 14 x 25.5 ) 357
Pad ( 24 x 6.50 ) 156
Events Charges 398,221 Cotton Caps ( 7 x 47.7 ) 334
1,441
Memento to Chief Guests/Speakers
Pendrive (16 x 636) 10,176 Advertisment 5,000
Trofee 12,774 22,950
RRC Folder , Pen & Writing Pad
& Delegates Mementos
Folder (156 x 42.4) 6,614
Pen (156 x 25.5) 3,978
Pad (156 x 6.50) 1,014
Cotton Caps (233 x 47.7) 11,114 22,721
RRC Paper Printing Charges 20,800
(156*133.33)
Total Expenses 2,637,107
Surplus 151,954
2,789,061 2,789,061

(54 x 133.33) (11 x 250)
(Trs to Books & Bulletin A/c) 1,283 (43 x 133.33) 5,733
8,483 8,483
67
ANNEXURE M : ORDINARY MEMBERSHIP FEES
31.03.2017 31.03.2016
` `
Local - Ordinary
` 1500 x 1282 Members 1,921,500
` 1500 x 1338 Members (Prev. Year) 2,007,000
Outstation - Ordinary
` 1250 x 916 Members 1,145,000
` 1250 x 953 Members (Prev. Year) 1,191,250
Total 3,066,500 3,198,250
68
66th Annual Report
The Goods & Services Tax Practitioners' Association of Maharashtra

A. Significant Accounting Policies
Statement of Significant Accounting Policies:
1 Method of Accounting
Accounts are maintained on accrual basis.
2 Fixed Assets and Depreciation
Fixed assets are stated at cost. Depreciation is provided on fixed assets on written down
value method as prescribed under the Income Tax Rules.
3 Investments
Investments are stated at cost of acquisition.
4 Inventories
Own Publication issued during the year are valued at cost. Obsolete stock of Compilation
of MVAT Rule C.D., Compilation of Gazette & Notification C.D., Circular DDQ CD-
2011, DDQ CD - 2012, DDQ CD - 2013, 37th RRC Paper (Hyderabad), 38th RRC Paper
(Jaipur), 39th RRC Paper (New Delhi) 40th RRC Queries Paper (Amritsar), Recent
Amendments-2013, Beginners Book - 2013-14, Beginners Book - 2014-15, 17th NRRC,
Short Publication - LBT, are written off and valued at token value ` 1/-each.
5 Admission Fees, Donor Membership Fees, Patron Membership Fees and Life Membership
Fees
All these fees are capitalised and transferred to respective Fees a/c.
6 Previous year figures have been regrouped/ recast wherever necessary.
Signature to Schedules 'I' to 'XB' and Annexure 'A' to ' K '
The Schedules/Annexures referred to above form an integral part of the Balance Sheet as
at 31st March, 2017 and Income and Expenditure Account for the year ended 31st March,
2017.

For Sheth Doshi and Associates (Regd.)
Firm No. 110052W
B. M. Doshi
Dated : 14-6-2017 Mem. No. 017370
69
Speaker of Study Circle
3rd August, 2016 19th August, 2016 16th September, 2016
Past President Adv. P. C. Joshi – Pranav Kapadia Shri Sachin Gandhi

Speaker addressing the delegates at Vice President
the Inaugural Study Circle Meeting
15th December, 2016 6th February, 2017
Shri Punit Mehta – Speaker Shri Pramod Kudtarkar – Speaker Shri Mukund Chitale
addressing members on the addressing members on the Speaker addressing the
topic of ‘Use of Tally Software topic of ‘Use of Tally Software in delegates
in preparing VAT Annexures’ preparing GST Annexures’
14th June, 2017 Arvind Thakkar Memorial Lecture

held on 18th October, 2016
Shri Suhas Padhye

CA Atul Bheda, Speaker
Speaker addressing the
addressing members
delegates
at ‘Arvind Thakkar
Memorial Lecture’
70
66th Annual Report
Inaugural Mega Guidance Cell Meeting 10th August, 2016
Shri Subhash Gopinath Morale – Additional

Commissioner of Sales Tax inaugurating 1st
Mega Guidance Cell Meeting by lighting
lamp
Mega Guidance Cell-cum-Study Circle Meeting, held on 16th September, 2016
Seen from L-R : S/Shri Jt. Secretary Raj P. Shah, Treasurer Pradip Kapadia, Vice President Pranav Kapadia, President
Dr. Shashank Dhond, Deputy Commissioner of Sales Tax Nitin Shaligram, Deputy Commissioner of Sales
Tax Gajanan Khanande, Assistant Commissioner of Sales Tax Chandrakant Kumbhare and Sachin Gandhi -
Speaker
Mega Guidance Cell held on 6th January, 2017
Seen from left to right: Treasurer Pradip Kapadia; Shri S. G. Morale, Additional Commissioner of Sales
Tax; Shri L. K. Giri, Additional Commissioner of Sales Tax; Shri Rajiv Jalota, Commissioner of Sales Tax;
President Dr. Shashank Dhond; Shri V. C. Pichad, Joint Commissioner of Sales Tax; Shri Rajeev Agrawal,
Senior Vice President, GSTN; Vice President Pranav Kapadia; Mega Guidance Cell Committee Convenor
D. V. Phad; Jt. Secretary Raj Shah
71
Two Day Seminar on GST held on 22nd and 23rd October, 2016 at Mumbai
Seen from L/R: Treasurer Shri Pradeep Kapadia, Past President P. C. Joshi, President Dr. Shashank Dhond,
Vice-President Shri Pranav Kapadia, Jt. Secretary Shri Raj Shah, Jt. Convenor of GST Committee Ashit Shah
Two Days Seminar on GST held on 13th-14th May, 2017 at Navin Thakkar Hall, Mumbai
From L to R: Jt. Convenor GST

Committee Vinod Mhaske, Jt. Secretary
Raj Shah, Jt Convenor GST Committee
Ashit Shah, Past President P. V. Surte,
Past President S. S. Gaitonde, President
Dr. Shashank Dhond, Vice-President
Pranav Kapadia, Treasurer Pradip
Kapadia, Jt. Secretary Dinesh Tambde
1st Outstation Seminar at Alibaug 4th August, 2016
Group Photo of all delegates
72
66th Annual Report
Full Day Seminar on GST held on 5th November, 2016 at Thane
Seen from L/R: Shri Vijay Kewalramani, President of Tax Friends; Shri Pranav Kapadia, Vice-President, STPAM;
Shri Chagan Bhanushali, President, Tax Practitioners’ Association, Thane; Dr. M. V. K. Moorthy, National
President, All India Federation of Tax Practitioners; Shri Chirag Parekh, Chairman, All India Federation of
Tax Practitioners (Western Zone) and Shri A. K. Ansari, President of Bhiwandi Tax Practitioners’ Association
Full Day Seminar on GST held on 26th October, 2016 at Nashik

Seen from L/R: Shri Satish Boob; Shri
Chirag Parekh, Chairman, All India
Federation of Tax Practitioners (Western
Zone); Shri Santosh Mandlecha, Vice-
President, Maharashtra Chamber of
Commerce, Industry and Agriculture;
Past President Shri J. D. Nankani; Dr.
Shashank Dhond, President, The Sales Tax
Practitioners’ Association of Maharashtra
Full Day Seminar on GST, VAT and Income Tax held on 5th November, 2016 at Malvan
Seen from L/R: Dr. Shashank Dhond, President, STPAM; Shri Ishaan Patkar, Speaker; Shri Girish Samant;
Shri Vinayak Patkar, Past President
73
Full Day Seminar on GST jointly with Income Tax and Sales Tax Practitioners'
Association (Library Trust) along with Solapur Branch of WIRC of ICAI held on
2nd December, 2016 at Solapur
President Dr. Shashank Dhond

inaugurating Seminar by lighting the
lamp
Full day seminar on GST jointly with Vidarbha Tax Practitioners' Association
along with All India Federation of Tax Practitioners (WZ)
held on 10th December, 2016 at Nagpur
Seen from left to right S/Shri Narendra Jha, President, VTPA; Pranav Kapadia, Vice President, STPAM;
Santosh Gupta, Chief Guest Hon. Justice Shri P. B. Varale, Judge, Bombay High Court; Guest of Honour
Shri P. K. Agrawal, Joint Commissioner of Sales Tax (Nagpur Division); Mahendra Jain, President, STBA
Nagpur; M. Srinivasa Rao, Secretary General, AIFTP
74
66th Annual Report
19th NRRC was held on 11th & 12th November, 2016 at Pune
Seen from left to right S/Shri Dr. Shashank Dhond, President, STPAM; Samir Jani, Vice President, AIFTP;
Milind Bhonde; Chirag Parekh, Chairman, AIFTP (WZ); Vijay Kewalramani, Hon. Secretary, AIFTP (WZ); Dr.
M. V. K. Moorthy, National President, AIFTP; Hon’ble Mr. Ashwinikumar P. Deore, President, Maharashtra
Sales Tax Tribunal; Hon’ble Mrs. Sushma Chowla, Judicial Member, ITAT, Pune; Prakash Joglekar; Pranav
Kapadia, Vice President, STPAM and Deepak Godse, President, WMTPA
Intensive Study Course held on 1st October, 2016
Shri C. B. Thakar, Past President inaugurating Intensive Study Course by lighting lamp
75
Joint Workshop on GST, MVAT and Service Tax held on 21st January, 2017
On dais seen from L to R: S/Shri Adarsh Parekh, President, Malad Chamber of Tax Consultants; Kamlesh
Saboo, Secretary of WIRC of ICAI; Hitesh Shah, President, Chamber of Tax Consultants; Chirag Parekh,
Chairman, All India Federation of Tax Practitioners’ (WZ); Dr. Shashank Dhond, President, STPAM; Rajat
Talati; Pradip Kapadia, Chairman, Joint Workshop Committee
31st Batch of Coaching Class on VAT and GST was held on 22nd November, 2016
Seen from L/R: Coaching Class Committee Jt. Convenor Shri Sunil Joshi; President Dr. Shashank Dhond; Smt. Sujata
Rangnekar; Jt. Secretary Shri Raj Shah; Coaching Class Committee Jt. Convenor Shri Aditya Surte
Mock Tribunal held on 18th March, 2017
Shri Ashwinikumar Deore, President of Maharashtra Sales

Tax Tribunal inaugurating Mock Tribunal by lighting the
lamp
76
Last inside Cover
Orientation Course on GST held on 19th December, 2016

at STPAM Library Hall, Mumbai
Seen from left to right: GST Committee Jt. Convenor Vinod Mhaske; Jt. Secretary Raj Shah; President
Dr. Shashank Dhond; Shri Dhaval Talati; GST Committee Jt. Convenor Ashit Shah
Special General Meeting held on 17th march 2017
Seen from L to R: S/Shri Jt. Secretary Raj Shah; Treasurer Pradip Kapadia; President Dr. Shashank Dhond; Chairman of Constitution
Amendment Committee P. C. Joshi; Vice President Pranav Kapadia; Jt. Secretary Dinesh Tambde
Foundation Day held on 17th November, 2016
Past Presidents and Office Bearers on the occasion of Foundation Day

Last Cover
Representation letter regarding extension of due date of Amnesty Scheme on 21-9-2016
Team STPAM gave representation letter regarding extension of due date of Amnesty Scheme to Hon’ble Finance
Minister of Maharashtra State Shri Sudhir Mungantiwar at Devgiri Bungalow on 21-9-2016
41st Residential Refresher Course, at Hotel Radisson Blu, Kochi from 9th February,
2017 to 12th February, 2017
Hon’ble Mr. Dama Sheshadri Naidu, Justice, Kerala High Court with Managing Committee Members of STPAM and Past Presidents
International Study Tour Organised by Club 7 Holidays Ltd. At USA
Seen from L to R : Shri C. B. Thakkar,

Dr. Shashank Dhond, President

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The Goods and Services Tax Practitioners’

MANAGING COMMITTEE 2016-17

OFFICE BEARERS 2016-17

Seated From L To R : Pranav P. Kapadia, Vice President, Dr. Shashank S.

The Goods & Services Tax Practitioners’ Association of Maharashtra

The Goods & Services Tax Practitioners’ Association of Maharashtra

Preponement of 66th Annual General Meeting

The Goods & Services Tax Practitioners’ Association of Maharashtra

66th Annual General Meeting

Mumbai - 400 010 Dinesh M. Tambde

Highlights of the year

The Goods & Services Tax Practitioners’ Association of Maharashtra

66th Annual Report

1. Election for the year 2016-17

4. Law & Representation Committee – VAT

Representations were strongly made for non-submission of monthly returns,

Sr. Date Representation Authority Status

Sr. Date Representation Authority Status

Sr. Date Representation Authority Status

SR. Date Topic Submitted

(2) 28/09/2016 Representation on the Proposed A) Hon’ble Member

We had also installed “TAXMANN” software at Mazgaon Library to update the

8. Coaching Class Committee

in the practice of taxation, students who were

9. Computer, Website and Online Guidance Committee

10. Accounting and Office Administration Committee

11. DDQ Compilation Committee

12. Mega Guidance Cell Committee

13. Intensive Study Circle Committee

14. Referencer Committee

15. 41st Residential Refresher Course Committee

Sr. Subject Paper Writer Chairman

The participants appreciated the excellent presentation of papers by the paper

writers painstakingly highlighted the legal provisions, technical interpretation

16. International Residential Refresher Course

17. Workshop on MVAT & Allied Laws Committee

18. Finance & Accounts Committee

19. Regional Centres and Outstation Seminars Committee

We are thankful to the President and Managing

Sr. Date City Joint Participants

8 03/12/2016 Pandharpur Local Trade Organisations

20. STPAM News Bulletin

21. Membership and Subscription (Local) Committee

22. Membership and Subscription (Outstation) Committee

23. Non–Residential Refresher Course Committee

24. Publication Committee Act, Rules & Short Publication on Amendments

26. Tribunal Judgment & Short Notes Committee

Amol Mane Sonali Bapat

Sr. Prize for Awardee[s] Judge[s] for selection

5. Shri Subhash Morale, Additional Commissioner of Sales Tax for

29. Management of Navinbhai Thakkar Auditorium, Mumbai for excellent

Place : Mumbai Dinesh Tambde & Raj Shah

Type of Membership 31-3-2015 31-3-2016 31-3-2017

Life Members Opening : 1080

Name Designation Total Meetings Leave of

Report of an Auditor relating to Accounts Audited under sub-section (2) of sections 33

(l) All cases of irregular, illegal or improper expenditure, or failure : NO

Audited Statements of Account

for the period

The Goods & Services Tax Practitioners'

EARMARKED & OTHER FUNDS :

2,975,764 GENERAL RESERVE 2,975,764