My Dear Professional Colleagues,

In words of Robert Noyce, “Knowledge is power; and Knowledge shared is Power Multiplied”. At our Branch we understand the importance of knowledge sharing and how it helps empower the CA members. Over the years we have continuously engaged members and other stake holders in knowledge sharing and continued learning. The quest for learning could not even be subdued by a global pandemic, instead only helped us to move towards a digital ecosystem.

As the nation pays tribute to father of the nation, Mahatma Gandhi Ji and Lal Bahadur Shastri Ji on their birth anniversary on 2nd October, we must seek lessons from their lives, learn from the values and principles that they stood for and propagated throughout their life. Truth, non- violence, austerity, simplicity, perseverance, philanthropy and cleanliness are some of the virtues Gandhi Ji practiced throughout his life. He taught us that having self-faith and self-confidence is one’s greatest strength, humanity is the greatest religion and truth is akin to God. Shastri Ji our second Prime Minister was known for his simplicity. We must learn the values and imbibe in our lives.

 

                             “If you want to walk fast, walk alone. But if you want to walk far, walk together”.

                                                                                                                                                                                   - Ratan Tata

This quote by legendary industrialist and philanthropist Mr. Ratan Tata, highlights that far-fetched targets can be easily achieved by working together as a team. As chartered accountants, we have played a major role in this recovery, as we tirelessly helped business to stabilize and recover from the repercussion of Covid 19. However, the task is still far from completed and we shall ensure that we continue the business as always.

During the Month of September we had a number of events. Udupi Branch has organized the following Virtual CPE Meetings in the month:

  1. VCM on 'Indian Accounting Standards (Ind-AS)'   by CA. Vijay Kumar M P on Saturday, 5th September, 2020

  2. VCM on 'Digital India and Digital Compliance the Way forward CA Profession' by CA. Dayaniwas Sharma on Saturday, 19th September, 2020.

  3. VCM on ‘GST Annual Return and GST Audit (GSTR 9 & 9C)' by CA. Shankara Narayanan V on Saturday, 26th September, 2020.

 

On 17th September 2020, Honourable Union Minister Shri D V Sadananda Gowdaji has interacted with the Honourable Finance Minister, Smt Nirmala Sitharaman on the matter of retaining the Principal Commissioner of Income Tax(PCIT) office in Mangalore and to cancel the order passed for shifting the office from Mangalore to Panaji, Goa. It is indeed an achievement for our coastal region, as the Honourable Finance Minister has agreed to the representation made by various forums including the Udupi Branch. It has thus been decided to withdraw the earlier notification for shifting the PCIT office from Mangalore to Goa and the Office will be retained in Mangalore.

 

On 2nd October on the occasion of 150th Birth Anniversary of Mahatma Gandhiji and 116th Birth Anniversary of Lal Bahadur Shastriji to spread the message of Government’s flagship programme - Sarva Shiksha Abhiyan our branch is going to distribute Stationary Kits to 100 underprivileged students at Adi Udupi Higher Primary School. In the month of October, we have planned for Virtual CPE Meeting on 'Gearing up for Virtual Proceedings' on Wednesday, 7th October, 2020 and Thursday, 8th October, 2020 jointly with Belagavi and Mysuru Branch.

 

With deep regret I am mentioning that in the last month we have lost CA Sharad Singhal ji, Secretary, GST & Indirect Taxes Committee of ICAI which is irrecoverable loss to the profession. Profession will be highly indebted for his contribution.

           

I would like to conclude by reinforcing the words of Napoleon Hill, author of Think and Grow Rich "Every adversity has the seed of an equivalent or greater benefit." The real key to success is the willingness to recognize adversity as an opportunity to improve ourselves and our circumstance. Looking forward for your valuable contribution in the forthcoming events and whole hearted support of all of you in all activities of our branch.


Yours’ in Professional Service 
CA. Pradeep Jogi
Chairman (2020-2021)

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