Chairman Message

I feel extremely honored to assume the office of Chairperson of one of the most enriched branch of CIRC of ICAI. It gives me immense pleasure to pen down my first message and offer my heartfelt gratitude for entrusting me with the responsibility of leading the Jaipur Branch of ICAI. The trust and confidence reposed in me by one and all, fills me with unparalleled joy and happiness and continuously reminds me of my responsibilities towards members, colleagues, beloved students and staff members.

Further it gives immense pleasure to share that every time I walk down the members’ lounge at the entrance of the ICAI Bhawan, Jaipur, and glance through at the names of the stalwarts who have occupied this revered chair, I get inspired to carry this torch forward and live up to the standards set by our illustrious past chairpersons and great stalwarts. I am confident that with all of your wishes, support and blessings I shall live up to the expectations. We would be happy to receive constructive ideas from all our members for the benefit of the profession.

I along with the team at Jaipur Branch believe in the ethos of 'Empowered by Professionalism- Driven by Values.' This statement simply portrays tremendous promise and our commitment to professionalism driven by integrity. We also acknowledge that circumstances and various legal developments bring in new challenges as professionals and thereby presenting a plethora of opportunities within them. Keeping in view the above challenges, we at the Jaipur branch of CIRC, will surely act a catalyst for the professional members and our beloved students and will respond to their need to remain updated on the developments, in the need of the hour.

Further, It gives me immense pleasure to express my pride that professional stalwarts from our own region are representing various committees at Central and Regional counsel level and with such prodigies at the realm of the affairs the future looks secure and bright. We at branch look forward to work together for the greater glory of our alma mater. At the end, I, along with my team of office bearers at Jaipur Branch of CIRC of ICAI, namely CA Anil Yadav- Vice Chairman, CA. Kuldeep Gupta, Secretary, CA . Akash Bargoti, Treasurer, CA Vijay Agarwal, CICASA Chairman, CA Ankit Maheshwari, Member CICASA and CA Shishir Agrawal collectively look forward to take our branch ahead and to ensure display of the highest levels of professionalism. Wishing everyone a very Happy Chartered Accountants Day. For us as professionals zenith is the limit. Jai Hind Jai ICAI.

With Best Wishes .

In my very first message as a Secretary of Jaipur Branch, I would like to extend my warm gratitude to all my professional colleagues and to the managing committee of Jaipur Branch of CIRC of ICAI for extending their faith and trust in me. As the new managing committee takes over with great vigour and enthusiasm, I remember the words of Saint Mother Teresa, “None of us, including me, ever do great things. But we can all do small things with great love, and together we can do something wonderful." I

believe that with the determined and sincere efforts of all the members, we will be able to set great milestones in providing a good professional environment to all the members and students to grow exponentially. In the past three months the Branch has been organized regular meetings and workshops for members & students and we will continue this work as we proceed. All events, workshops and meetings have been a great success with the participation and support of all the professional friends. It gives me immense joy to tell that the Jaipur Branch has come up with “Benefits for Members” whereby we have tried to provide our members with great services at discounted prices for hospitals, hotels, cafes and other utility segments. The global economic scenario is changing; we are looking towards achievement of more realistic goals for a multi-billion dollar economy. As Chartered Accountants, it becomes our humble responsibility that we acknowledge these changes in the economy and brace ourselves for new opportunities. As I conclude this message, I would like to assure all my professional friends that I will deliver my best services, as a Secretary of the Branch. I am open to suggestions from all the members and you can feel free to give your valuable feedback for the progress and prosperity of the professional. I would also request all the members to actively participate in all the branch activities and also contribute their knowledge filled articles for the upcoming editions of the newsletter.

With best regards

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1. CA Students Picnic at Angel Resort, Sikar Road, Jaipur (04.08.2019):

Jaipur Branch of CIRC of ICAI & Sikar Branch of CIRC of ICAI organized CA Students Picnic at

Angel Resort, Sikar Road, Jaipur on 04.08.2019. Students enjoyed all the day. Main attractions

of the picnic were cricket, swimming, rain dance, housie etc. Various competitions amongst

students were also played. CA. Abhishek Sharma, Treasurer-CIRC, CA. Sachin Kumar Jain, RCM

& Member CICASA-CIRC, CA Prakash Sharma, CCM-ICAI, CA Kuldeep Gupta, Secretary-Jaipur

Branch, CA Vijay Kumar Agrawal, Chairman CICASA-Jaipur Branch and other Managing

Committee Members of Jaipur Branch were also present. Approx. 200 CA students participated

in this picnic.

2. 3 Days GST Workshop (05.08.19 to 07.08.19 -NO CPE)

Jaipur Branch of CIRC of ICAI organized 3 days GST Workshop for CA Members from 5th August

2019 to 7th August, 2019 at ICAI Bhawan, Jaipur.

On 05.08.2019, CA Shilvi Khandelwal & CA Neha Sethi were the eminent speakers and they

delivered the lecture on GST: Basic overview Input Tax Credit & Exports. CA Sonia Sharma was

the convenor.

On 06.08.2019, CA Vivek Laddha & CA Chirag Jain were the eminent speakers and they

delivered the lecture on GST: Annual Return. CA Mayank Srivastava was the convenor.

On 07.08.2019, CA Virendra Parwal & CA Manmohan Mahipal were the eminent speakers and

they delivered the lecture on GST: Audit & Related Matters. CA Ashvin Mathur was the

convenor.

3. Meeting on International Taxation: Payment to Non-Resident, Issues in IT Act (10.08.2019-2CPE)

Jaipur Branch of CIRC of ICAI organized S C Meeting on International Taxation: Payment

to Non-Resident, Issues in IT Act on 10.08.2019 at ICAI Bhawan, Jaipur. CA Rohan Sogani

was the eminent speaker. CA Rohan Sogani delivered the lecture on above subject during the

programme. CA Ashutosh Lata was the convenor of the meeting.

4. CA Family Picnic at Bairath Farm House, Ajmer Road, Jaipur (11.8.2019)

Jaipur Branch of CIRC of ICAI organized CA Members Family Picnic on Bollywood Theme

at Bairath Farm House, main Ajmer Road, Jaipur on 11.08.2019. CA Members and their

family members enjoyed all the day. Main attractions of the picnic were swimming,

housie, Magic Show, Kids Play Zone etc. Various competitions / Games also organized

amongst ladies, Kids & Members. Children also enjoyed lot of Games organized for

them, the Jaipur Branch gave the gift to all children who attended the picnic. Ms.

Twinkle Patodiya, Mrs. India 2018 & Ms. Deepti Saini, Mrs. India International 2017

were the Chief Guest of this picnic. On this occasion Jaipur Branch of CIRC of ICAI

BRANCH ACTIVITY DURING THE MONTH OF AUGUST-2019

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felicitated to CA Sushil Kumar Verma for remarkable efforts for Humanity by presenting

Memento, Safa & shawl.

5. Independence Day Celebration (15.08.2019)

Jaipur Branch of CIRC of ICAI celebrated 73rd Independence Day on 15.8.2019. On this

occasion CA. Prakash Sharma, CCM, ICAI, CA. Satish Kumar Gupta, CCM, ICAI, CA. Abhishek

Sharma, Treasurer, CIRC, CA Sachin Kumar Jain, RCM & Member CICASA, CIRC, CA. Lokesh

Kasat, Chairman, CA. Kuldeep Gupta, Secretary and other Managing Committee members along

with Senior Chartered Accountants members Jaipur Branch hoisted the National Flag.

6. Lecture Meeting on IT Security in CA’s Office & Protection from Financial Fraud (23.08.2019-2CPE)

Jaipur Branch of CIRC of ICAI organized Lecture Meeting on IT Security in CA’s Office &

Protection from Financial Fraud on 23.08.2019 at ICAI Bhawan, Jaipur. Mr. Sachin Dedhia,

Mumbai was the eminent speaker. He delivered the lecture on above subject during the

programme.

7. Career Counselling Programme at Janta Girls Pubic School, Mansarovar (23.08.2019)

Under the aegis of Career Counselling Sub-group Under BOS- ICAI, Jaipur Branch of CIRC of

ICAI organized Career Counselling programme for the Students of 10th, 11th and 12th standard

at Janta Girls Public School, Mansarovar on 23.08.2019. CA. Pawan Bhatia was the counsellor.

He explained in details about the CA Course to the participants. About 130 students were

participated. The queries of the students also attended satisfactorily by him.

8. Convocation 31.08.2019 (1st Round)

The Convocation Programme for the newly enrolled Associate Members of the Institute from

Central Region was successfully held at State Institute of Agriculture Management (SIAM),

Durgapura, Opp. Hotel Redison Blu, Jaipur on 31.08.2019. In this Convocation, 376 new

members were given their Membership Certificates.

In this Convocation Ceremony Sh. Ravindra Pandey, Chief General Manager, SBI was the chief

Guest. On this occasion, CA. Prakash Sharma-Central Council Member-ICAI & Coordinator

Convocation, CA. Satish Kumar Gupta, Central Council Member-ICAI, CA. Pramod Kumar Boob,

Central Council Member-ICAI, CA Abhishek Sharma, Treasurer-CIRC, CA Lokesh Kasat,

Chairman-Jaipur Branch and Chief Guest addressed the newly qualified Chartered Accountants

and congratulated them for being enrolled as new member of the ICAI. On this occasion newly

qualified CAs were administered the oath also.

Designed & Compiled by : ITT Faculties of Jaipur Branch of ICAI

Sanjay Kishore Karni Singh Rathore

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Start conversation on below 5 things with your clients to help them begin

digital transformation journey: CA. Girish Dangayach

orld is changing faster than ever and so as businesses. Disruptive startups and

technologies are not only impacting large business houses but also impacting

mid and small size businesses. Being a strategic auditor and advisors, how can

we help our clients, irrespective of size and location, to be prepared to manage

the disruption or be ready to disrupt the market. Here are quick 5 things on

which you should start having conversation with your clients:

1. Difference between Digital and Technology: although these words are being used

interchangeably quite often but there is difference between the two. Technology is

traditionally seen a support functions to support the business similar to the HR, Admin

or Finance. The key responsibility of this function is to ensure that business is equipped

with appropriate infrastructure and supported for all software required for business

performance. On the other hand, Digital is placed as a strategic function in the

organization which supports business to acquire new customers digitally, manage and

beat competition, and help increase employee satisfaction.

2. Changing customer behavior: Earlier customer interaction with business was always in a

linear manner, where one customer was not able to easily get feedbacks/ reviews from

others. All of these feedbacks/ reviews are being controlled by business whenever new

customers was looking for it. Now in a digitally connected world all of our customers

shares product and services review on social platforms such as Google, Facebook,

Twitter and LinkedIn. Through this now, one customer is connected to others, and

review/ feedback form other customers plays a very important role when new

customers decide to buy products or services. So, it is important that you tell all your

clients to start focusing on getting positive advocacy about the product/ services of your

business on social platforms and this will surely provide additional customers to the

business.

3. Turn competition to coopetition: General motors investment in Lyft 2017 and

recent investment of Hyundai Motors in Ola are clear examples on how competition

in business are seeing value in each other and turning into a coopetition. GM

automobile engineers are working very closely with Lyft technical team to launch

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autonomous cars. So, tell your clients to look now competition as may be a future

partners and together they can create higher value.

4. Data is an asset: Gather as much as data as you can. Data are assets and if used well,

can create huge value for business. Gather data about customer touch points, behaviors

and demographics. Use these data to predict customer behavior and provide

personalized services. Customer with personalized service will surely stay longer with

business and will provide larger value.

5. Start leveraging AI based technology: Lastly, tell your clients to start implementation of

AI based technology. Cost of these technology is reducing day by day and there are

some vendors who provide these technologies on pay per use basis, which makes

leveraging this technology really easy. Some of these to begin with in their businesses

could be levering chatbots, sales force automation apps, voice based local language

enabled customer service or machine learning based predictive reporting.

It is important that as trusted advisors of our clients, we start to let them know about the

disruption coming on their way and help them manage these better, and also help them

leverage these technologies to generate higher value for their business.

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