Celebrating a Remarkable Journey! 
A huge congratulations to Shriraam S Shankaranarayanan and Meet Raja from Direct Tax, on this well-earned Long Service Award! Your journey of perseverance, passion, and impact has been nothing short of inspiring. Thank you for being an integral part of our success—looking forward to achieving greater milestones together!
Life@nashah
The N. A. Shah family came together to celebrate the 76th Republic Day with immense pride and enthusiasm, honoring the spirit of India. Dressed in vibrant tricolor attire, the entire team radiated unity and patriotism
A unique highlight of the day was the glass mural activity, which became a platform for our team to express their love for the nation creatively.
N. A. Shah Family took great pride in organizing a special felicitation ceremony to honor the outstanding achievement of our members who cleared the Chartered Accountancy examinations in November 2024.
During this memorable celebration, we reiterate about our commitment in guiding aspiring young Chartered Accountants. With the presence of proud families, the event became a powerful reminder of the combined efforts of family and firm in achieving such remarkable success.
May their journey ahead be filled with even greater success as they embark on the next chapter of their professional lives.
New Year 2025 was welcomed at N. A. Shah Associates LLP with a vibrant evening of celebration, laughter, and camaraderie. The gathering was a testament to the power of togetherness and the joy of shared experiences – memories that will light the path of the year ahead
N. A. Shah family crafted an extraordinary Christmas Tree made of Books !
This innovative tree, made entirely of books, symbolizes the union of knowledge and the festive spirit of Christmas. Brightly lit and adorned with cheerful decorations, it reflects the values of new beginnings, joy and togetherness.
A moment of pride and gratitude! Congratulations to our esteemed Partners, CA Milan Mody – Managing Partner and CA Bhavin Kapadia – Partner, Audit & Assurance, for being honored with the Long Service Awards. Your visionary leadership, unwavering dedication and exceptional contributions have been the cornerstone of our success.
Your journeys are shining examples of excellence and commitment, inspiring everyone around you. Here’s to many more milestones ahead!
A heartfelt congratulations to CA Siraj Khan and CA Badal Oswal on receiving the Long Service Award! 
Your support and commitment have propelled us to new heights.
Your dedication goes beyond milestones; it creates a legacy that inspires us all. We are truly privileged to have you as a driving force behind our success. Here’s to celebrating this honor and building an even brighter future together!
Congratulations to Sarla Jangid for being honored with the Long Service Award! Your dedication, passion and impactful contributions are truly commendable. Your hard work inspires us all, and we’re lucky to have you as part of the team.
Here’s to reaching greater heights together!
We at N. A. Shah, believe in fostering positive change in the communities we serve.
We believe in the mantra that small efforts can lead to meaningful, lasting impact!
In line with our values, we recently partnered with Muktangan Educational Trust to provide children with essential items such as clothing, notebooks, stationery etc. which resonates our values of integrity, compassion and community development.
Let’s continue to unite and uplift our communities together!
N. A. Shah family celebrated a vibrant Pre-Diwali event, bringing together our office family for a day of joy and camaraderie.
The N. A. Shah Family proudly hosted a felicitation ceremony to honor our remarkable members who triumphed in the CA May ’24 examinations. We celebrated their achievements along with their parents, acknowledging the essential role they played in this significant success. The event was a vibrant celebration of our members hard work, filled with joy, pride and an overwhelming sense of accomplishment.
Congratulations to Bhavya Kamdar, on receiving the Long Service Award! Your unwavering dedication and outstanding contributions have made a significant impact. We truly appreciate your hard work and commitment. Wishing you continued success and many more achievements in the future!
N. A. Shah organized the NASA Premier League 2024, which encouraged team building and bonding. All members enthusiastically participated in the league with Sportsmanship Spirit. It was truly a day to remember.
Here are some highlights showcasing our firm’s cricket skills and team spirit.
Heartiest congratulations to CA Anshita Mahajan, Assistant Manager – Statutory Audit for being honored with Long Service Award for Completing 5 glorious years with N. A. Shah.
We deeply appreciate your remarkable dedication and valuable contributions. Wishing you continued success and prosperity.
N. A. Shah family celebrated Women’s Day
N. A. Shah family celebrated Annual Picnic
N. A. Shah family celebrated Diwali
With the new applicability of TCS on luxury purchases above ₹10 lakhs
CA Gopal Bohra, Partner – Direct Tax at N. A. Shah Associates LLP, shared his thoughts in ETCFO explaining how the new 1% TCS on luxury items over ₹10 lakh will help track high-value spending and curb black money. He further noted that though the move will result in increase in compliance.
To read more, click on: https://cfo.economictimes.
Story by Alekh Shah
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Bombay High Court gives GST relief to homeowners
GWith the recent Bombay HC judgement providing GST relief to homeowners, CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert insights in The Economic Times, highlighting that GST on development rights has long been disputed between developers and authorities. He further explained how recent judgement of Mumbai High Court has distinguished the TDR/FSI as per notification and rights derived under Development Agreement.
To read more, click on : https://economictimes.indiatimes.com/wealth/tax/bombay-hc-gives-gst-relief-to-homeowners-no-gst-on-re-development-by-homeowners-through-builder-under-these-terms/articleshow/120539469.cms
Story by Neelanjit Das
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New GST Registration Guidelines to Simplify Process and Ease Taxpayer Grievances
Getting a GST registration was cumbersome. CA Parag Mehta, Partner at N. A. Shah Associates LLP, explains in The Economic Times that with the circular being issued for documentation required for GST registration, the process which was challenging due to inconsistent requirements across jurisdictions will now be easier and provide a lot of relief to the applicants. To read more, click on : https://economictimes.indiatimes.com/wealth/tax/new-guidelines-to-curb-gst-registration-related-harassment-to-help-in-timely-resolution-of-grievances-of-taxpayers/articleshow/120399413.cms
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CBIC’s GST Reforms a Boon for Startups, Say Experts
With the new CBIC’s instruction to ease up the GST compliance reforms for startup, CA Jitendra Patel, Partner at N. A. Shah Associates LLP, shares his expert view in ETCFO, highlighting as how this circular will help in standardizing the processes and aid in Ease of Doing Business thereby reducing financial and operational strain on business.
To read more, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/cbics-gst-compliance-reforms-can-ease-startup-woes-rein-in-officer-discretion-say-experts/120422242
Story by Alekh Shah
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New guidelines to curb GST registration related harassment, to help in timely resolution of grievances of taxpayers
CA Parag Mehta, explains in The Economic Times that with the circular being issued for documentation required for GST registration, the process which was challenging due to inconsistent requirements across jurisdictions, will now be easier and provide a lot of relief to the applicants.
To read more, click on
To read more, click on https://economictimes.indiatimes.com/wealth/tax/new-guidelines-to-curb-gst-registration-related-harassment-to-help-in-timely-resolution-of-grievances-of-taxpayers/articleshow/120399413.cms
The updated GST Amnesty Scheme offers businesses a wider window for relief and simplified dispute resolution.
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert view in ETCFO, appreciating CBIC’s latest circular for easing procedural hurdles, expanding amnesty benefits and allowing past payment adjustments in complex litigations.
To read more, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/cbics-updated-gst-amnesty-scheme-gives-businesses-more-time-and-clarity-broadens-scope-and-simplifies-dispute-resolution-say-experts/119858880?utm_source=top_story&utm_medium=homepage
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GSTIN now allows biometric authentication of the Directors & Promoters in their home state!
For this new feature CA Parag Mehta, Partner at N. A. Shah Associates LLP, shared his views with Business Standard that such biometric authentication is ideal for partners/directors to enhance their identity verification and prevent fraudulent registration.
To read more, click : https://www.business-standard.com/finance/personal-finance/now-you-can-complete-gst-biometric-authentication-in-your-home-state-125030600275_1.html
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New Income Tax Bill: A Step Towards Simplification & Transparency?
CA Dhawal Selwadia, Partner at N. A. Shah Associates LLP, shared his views with ETCFO on key expectations from the New Income-Tax Bill, emphasizing the role of technology in simplifying tax compliance.
He highlights real-time grievance redressal and proactive compliance tracking can further ease doing business in India.
To read more, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/new-income-tax-bill-experts-push-for-simplification-faster-dispute-resolution-and-tech-driven-reforms/117900967
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Can you really pay zero tax on ₹14.78 lakh annual income? Here’s how!
CA Aastha Dhowan, Partner at N. A. Shah Associates LLP, shares expert insights on Zee Business regarding smart tax-saving strategies under the Revised New Tax Regime. She highlights that by leveraging NPS contributions and structuring salary components like travel and mobile allowances, individuals can reduce their tax liability.
To read more, click here: https://www.zeebiz.com/personal-finance/photo-gallery-revised-new-tax-regime-income-tax-slab-calculator-how-you-can-pay-0-tax-on-inr-rs-1477500-annual-expert-calculations-nps-budget-2025-how-to-pay-0-saving-tips-strategy-rebate-standard-deduction-345048
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Budget 2025: CA Chintan Ghelani Advocates Lower Taxes and Simplified TDS for Small Businesses
As the Union Budget 2025 approaches, CA Chintan Ghelani, Associate Partner at N. A. Shah Associates LLP, shared his insights with Financial Express, highlighting the need to reduce tax rates for small businesses and simplify TDS provisions. He emphasized that these reforms would ease compliance, boost business growth and expand tax coverage in India.
To read more, check the attached document.
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Budget 2025: CA Ajit Shah Calls for Income Tax Simplification and Taxpayer-Friendly Reforms
CA Ajit Shah, Partner at N. A. Shah Associates LLP, shared his key expectations for Budget 2025 with ET Wealth on the much-anticipated rationalization and simplification of the Income Tax Act. He highlighted the need to amend provisions around reopening of assessments and emphasized the importance of taxpayer-friendly measures to expedite refunds and grievance resolution.
To read more, check the attached document.
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Chintan Ghelani – quote in CXO Today live blog
CA Chintan Ghelani, Associate Partner at N. A. Shah Associates LLP, shared his insights with CXO Today on key expectations for Budget 2025, emphasizing TDS simplification, resolving tax refund delays & establishing a structured timeline for tax appeals. He also highlighted the need to reduce tax rates for small businesses, streamline and issuance of timely refunds to enhance efficiency and fairness in the tax system.
To read more, check the attached document.
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Prashant Daftary – ET Wealth
As India prepares for the Union Budget 2025, CA Prashant Daftary from N. A. Shah Associates shared his insights with ET Wealth on expectations for the upcoming budget, focusing on the need for higher tax exemptions and changes in ESOP taxation. He also highlighted the anticipation of the Direct Tax Code (DTC) to simplify tax laws and reduce litigation.
To read more check the attached document.
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Gopal Bohra – quote in Financial Express Live Blog
CA Gopal Bohra, Partner at N. A. Shah Associates LLP, shared his expert views with Financial Express on key expectations for Budget 2025, suggesting that increasing the standard deduction and raising the housing loan interest deduction could benefit taxpayers and boost consumption.
To read more check the attached document.
Prashant Daftary – quote in The Hindu Business Line
With the Union Budget 2025 on the horizon, CA Prashant Daftary from N. A. Shah Associates shares his views with The Hindu Business Line on the government’s expected approach to balancing fiscal deficit targets after considering the increased infrastructure investment, job creation incentives etc.
To read more check the attached document.
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Will 2025 see Union Budget 2025?
As India gears up for the Union Budget 2025, CA Parag Mehta from N. A. Shah Associates LLP shared his views with ETCFO on expectations for the upcoming budget, focusing on key GST reforms.
He emphasized the need for a centralized assessment system to streamline multi-state compliance and a simpler GST registration process to support SMEs, especially in co-working spaces.
To read more, click on : https://cfo.economictimes.
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Shared views with ETCFO on key expectations for the budget
As India prepares for its Union Budget 2025, CA Dhaval Selwadia, Partner at N. A. Shah Associates LLP, shared his expert views with ETCFO on key expectations for the budget. He highlights the need to reduce the corporate tax rate to 20% and reintroducing preferential tax rates to boost FDI, manufacturing and startups.
To read more, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/budget-2025-india-inc-seeks-game-changing-corporate-tax-cuts-rd-boost-and-msme-overhaul/117588182
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Will 2025 see formation of GST Tribunal?
CA Parag Mehta, Partner at N. A. Shah Associates LLP, highlights the long-overdue operationalisation of the GST Tribunal in The Economic Times, emphasizing its importance for quick dispute resolution thereby reducing business uncertainty for taxpayers
To read more, click on: https://cfo.economictimes.
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GST Amnesty Scheme -a Game Changer for Taxpayers.
CA Parag Mehta, Partner at N. A. Shah Associates LLP, calls the GST amnesty scheme a game changer in The Economic Times. He views that by addressing legacy disputes, it reduces litigation, building trust between taxpayers and authorities.
To read more, click on https://cfo.economictimes.
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Will Switzerland’s MFN suspension reshape India’s cross-border tax landscape?
CA Gopal Bohra, Partner at N. A. Shah Associates LLP, shares his expert view in The Economic Times on the implications of the Swiss Government’s suspension of MFN status. He highlights how this move increases withholding tax on dividends for Indian taxpayers.
To read more, click on https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/swiss-mfn-status-suspension-poses-tax-challenges-for-indian-firms-may-hit-inbound-investments/116431386?utm_source=top_story&utm_medium=homepage
CA Parag Mehta, Partner at N. A. Shah Associates LLP, share his thoughts in The Economic Times for rationalizing GST into three rates
CA Parag Mehta, Partner at N. A. Shah Associates LLP, share his thoughts in The Economic Times for rationalizing GST into three rates. He emphasizes how this move could reduce confusion, streamline compliance, and enhance the business ecosystem.
To read more, click on : https://cfo.economictimes.
Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert view in The Economic Times
Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert view in The Economic Times, emphasizing that extending the GST Compensation Cess again would set a troubling precedent, sending the wrong signals to the public and industry.
To read more, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/gst-compensation-cess-experts-call-for-gradual-phase-out-seek-long-term-tax-reforms/115966897
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Partner at N. A. Shah Associates LLP, shares his expert perspective in The Economic Times
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert perspective in The Economic Times on the much-anticipated rollout of GSTAT benches. He highlights how this milestone, after seven years of GST’s introduction, could clear massive case backlogs, ease judicial pressure and bring long-awaited relief to businesses and taxpayers alike.
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To read the article, click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/gstat-bench-rollout-will-clear-backlog-and-ease-judicial-pressure-say-experts/115730404
Indirect Tax at N. A. Shah Associates LLP shared his insights in The Economic Times
CA Parag Mehta, Partner, Indirect Tax at N. A. Shah Associates LLP, shared his insights in The Economic Times, appreciating IMS as a step forward but calling for more clarity on rectification processes and training for assesses.
To read more, click on: GST Invoice Management System: GSTN rolls out Invoice Management System to address excess ITC claims issue; experts seek clarity on legal validity, integration, ETCFO (indiatimes.com)
High Court quashes GST demands on seconded employees of foreign firms; experts say gives clarity on liability
CA Parag Mehta, Partner at N. A. Shah Associates LLP, provides a compelling analysis in The Economic Times on the High Court’s recent ruling that clears GST ambiguities for foreign affiliates’ seconded employees, aligning with CBIC’s guidance to streamline compliance
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To read more, click here: https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/high-court-quashes-gst-demands-on-seconded-employees-of-foreign-firms-experts-say-gives-clarity-on-liability/114754903?utm_source=latest_news&utm_medium=homepage
GSTN restores July-August 2017 returns in The Economic Times
CA Parag Mehta, Partner at N. A. Shah Associates LLP, underscores the importance of accessing archived GST data as GSTN restores July-August 2017 returns in The Economic Times.
To read more click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/gstn-restores-july-and-august-2017-gst-returns-data-experts-praise-decision/113798650?utm_source=top_story&utm_medium=homepage
GSTN restores July, August 2017 GST returns data; experts suggest ERP upgrade
CA Parag Mehta, Partner at N. A. Shah Associates LLP, underscores the importance of accessing archived GST data as GSTN restores July-August 2017 returns in The Economic Times.
To read more click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/gstn-restores-july-and-august-2017-gst-returns-data-experts-praise-decision/113798650?utm_source=top_story&utm_medium=homepage
Secure your GST data before it’s archived!
CA Parag Mehta, Partner at N. A. Shah Associates LLP, emphasized the importance of downloading and preserving critical records in the ETCFO stating that the trade should download and save September 2017 return data before it’s archived.
To read more click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/gstn-asks-taxpayers-to-secure-records-as-data-archival-policy-takes-effect/113660255?utm_source=top_story&utm_medium=homepage
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Government eases GST refund rules for exporters; experts see operational challenges
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert insights with ETCFO, noting that while the eased GST refund rules for exporters is a positive change, the complexities of amending Bills of Entry remain a challenge.
To read more click on : https://cfo.economictimes.indiatimes.com/news/tax-legal-accounting/government-eases-gst-refund-rules-for-exporters-experts-see-operational-challenges/113288536?utm_source=top_story&utm_medium=homepage
GST Council’s B2C e-invoicing plan to reduce tax evasion, improve compliance
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert insights with ETCFO on the GST Council’s B2C e-invoicing initiative aimed at reducing tax evasion and improving compliance. He anticipates that the pilot will offer valuable insights on the effectiveness of B2C E-invoicing.
To read more click on : GST Council B2C E-invoice: GST Council’s B2C e-invoicing plan to reduce tax evasion, improve compliance, say experts, ETCFO (indiatimes.com)
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Top IT firms TCS, Infosys, TechM face flurry of GST notices
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert insights with The Economic Times on the recent surge of GST notices faced by top IT firms. He explains that due date of issuance of order for FY 2019-20, the rise in the number of assessees and multi-state registrations as key reasons for such substantial increases in notices/orders.
To read more click on : https://economictimes.indiatimes.com/tech/information-tech/country-roads-take-top-tech-companies-to-labyrinths-of-gst-notices/articleshow/113200603.cms?from=mdr
Infosys GST Notice Sparks Concern About How Small Firms Will Deal With Huge Demands
CA Parag Mehta, Partner (Indirect Tax) at N. A. Shah Associates LLP, shares his analysis with NDTV Profit on after effect of the infosys GST notice and how such notices will impact small and medium-sized businesses in terms of litigation cost, interest and penalties.
To read more click on : https://www.ndtvprofit.com/business/infosys-gst-notice-sparks-concern-about-how-small-firms-will-deal-with-huge-demands
https://www.linkedin.com/feed/update/urn:li:activity:7225091484465717248
Karnataka withdraws pre-show cause IGST notice to Infosys
CA Parag Mehta, Partner (Indirect Tax) at N. A. Shah Associates, critiques the Karnataka department’s withdrawal of IGST notice to Infosys as the issue is already settled by the separate circular.
To read more, click on : https://economictimes.indiatimes.com/tech/information-tech/karnataka-withdrew-pre-show-cause-igst-notice-to-infosys/articleshow/112203364.cms?from=mdr
https://www.linkedin.com/feed/update/urn:li:activity:7225091966932287488
DGGI ends FY18 GST proceedings against Infosys
CA Parag Mehta, Partner at N. A. Shah Associates LLP, shares his expert insights with Economic Times noting that dropping of case against Infosys by DGGI for fiscal 2018 will also likely lead to dropping the cases for 2019 and 2020, however, notices for 2021 and 2022 are still expected to be issued within the standard timeframe. To read more, click on https://economictimes.indiatimes.com/tech/information-tech/dggi-ends-fy18-gst-proceedings-against-infosys/articleshow/112252540.cms?from=mdr
https://www.linkedin.com/feed/update/urn:li:activity:7226104667708022784
Salary package Rs 13 lakh and yearly deductions Rs 4 lakh, which tax regime can you choose; old or new? Know through example
CA Chintan Ghelani, Associate Partner at N.A. Shah Associates LLP, shares his expert insights with Zee Business on the preference of the new tax regime by salaried persons, due to its reduced tax slabs and enhanced standard deduction.
To read more, click on https://www.zeebiz.com/personal-finance/news-budget-2024-taxpayers-old-new-tax-regime-standard-deduction-exemption-concessional-tax-rate-306738
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Maximise tax savings with home loan deductions
CA Chintan Ghelani, Associate Partner at N. A. Shah Associates, shares his expertise in Business Standard about maximizing tax savings through home loan deductions, highlighting the benefits of interest and principal repayment deductions under the Income Tax Act of 1961.
To read more, click on : https://lnkd.in/dRZvjTJ5
Expert Insights on Union Budget 2024 by CA Prashant Daftary
CA Prashant Daftary, Partner at N.A. Shah Associates LLP, highlights Union Budget 2024’s land reforms, including digitization and a unified land identification number, as breakthrough measures enhancing transparency and ease of business.
Budget 2024 gives push to GST simplification and transparency, say experts
CA Milan Mody, Managing Partner at N A Shah Associates, shares his expert views in The Economic Times, highlighting the positive impact of Budget 2024’s by simplifying GST and other financial regulations, despite concerns over increased capital gains tax and Securities Transaction Tax (STT).
To read more, click on : https://lnkd.in/dbm58qtE
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Budget 2024 impact: Will liquor prices fall as Extra Neutral Alcohol to be out of GST’s purview?
Ankit Joshi, Associate Partner, at N. A. Shah Associates, shares his expert views in Economic Times about probable reduction in liquor prices as Extra Neutral Alcohol is exempted from GST thereby lowering manufacturing costs.
To read more, click on : https://lnkd.in/db456vNv
Expert Insights on Union Budget 2024 by CA Parag Mehta
CA Parag Mehta, Partner at N.A. Shah Associates LLP, appreciates Union Budget 2024’s proposal for conditional waiver of interest and penalties on full tax payment offering taxpayer relief, reducing litigation and boosting government revenue.
Expert Insights on Union Budget 2024 by CA Dhaval Selwadia
CA Dhaval Selwadia, Partner at N.A. Shah Associates LLP, highlights that the reduction of tax rates for foreign companies from 40% to 35% in Union Budget 2024 is expected to boost FDI, making India more attractive for foreign investors and fostering job creation.
Expert Insights on Union Budget 2024 by CA Aastha Dhowan
CA Aastha Dhowan, Partner at N.A. Shah Associates LLP, appreciates the Union Budget 2024 for exempting additional cancer medicines from custom duty to combat rising healthcare costs.
Budget 2024: Why Is It an Opportune Time to Hike Section 80C Deduction Limit?
With the first budget of the Modi 3.0 regime approaching Aastha Dhowan, Partner at N. A. Shah Associates, shared her expert insights with Times Now highlighting the need to raise the Section 80C deduction limit in Budget 2024 to reflect rising living costs and essential expenses and how such move could offer significant relief to middle-class taxpayers.
To read more, click on :https://lnkd.in/dx7j7piYhttps://www.linkedin.com/feed/update/urn:li:activity:7213850513379921920
From Chaos to Clarity: The Seven-Year GST Evolution
India’s taxation system has been revolutionized by the implementation of GST on July 1, 2017, achieving significant milestones while overcoming various challenges.
Parag Mehta – Partner and Ankit Joshi – Associate Partner at N.A. Shah Associates LLP, shared their comprehensive insights with CFO Economic Time analyzing 7 years of GST – its accomplishments, ongoing issues, and future expectations.
To read more, click on : https://lnkd.in/dPJQFWdc
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CA Vipul Ramoliya, Manager – Internal Audit at N. A. Shah Associates LLP, will be sharing expert insights on “Data Analysis through Advanced Microsoft Excel” at the Internal Audit Study Group Meeting (Physical), organized by WIRC of ICAI, on 25 April 2025, Friday from 05.30 p.m. to 07.30 p.m. at ICAI Tower, Bandra, Mumbai.
This session will provide valuable takeaways for professionals looking to enhance their audit and analytical skills using Excel.
To register, click on: https://wirc-icai.org/members/
Insights from the engaging session delivered by CA Prashant Daftary, Partner – Audit and Assurance at N. A. Shah Associates LLP, on “Finalisation of Accounts – New Format for Non-Corporate Entities along with Applicable Accounting Standards,” organized by the J.B. Nagar CPE Study Circle of WIRC of ICAI, held on Sunday, April 20
The session provided valuable guidance on navigating the new mandatory format and understanding key accounting standards relevant to non-corporate entities.
Navigating Cross-Border Transactions
A glimpse into an insightful session led by CA Hitesh Jain, Partner – Direct Tax at N. A. Shah Associates LLP, decoding the interplay of Section 195, Form 15CA & 15CB in cross-border transactions. Organized by the WIRC of ICAI as part of the Relearn Series, this engaging event took place on Saturday, 19th April 2025. Tax professionals and practitioners gained valuable perspectives to navigate international transactions with greater clarity and confidence.
Highlights from the insightful session conducted by CA Milan Mody, Managing Partner at N. A. Shah Associates LLP, on ‘Commonly Found Non-Compliances of Accounting Standards’ at the Awareness Program on Financial Reporting Practices, themed “Shaping the Future of Audit Excellence,” organized by the Financial Reporting Review Board (FRRB) of ICAI on 19th April 2025, hosted by Vadodra Branch (WIRC). Participants gained valuable insights into key compliance challenges and best practices in financial reporting.
Glimpses of impactful discussions on Internal Audit & GST, where CA Kalpesh Panchal shared actionable insights on “Internal Audit Report Writing: Practical Insights”, highlighting strategies to improve clarity and effectiveness in audit reports.
CA Ankit Joshi further enriched the session by decoding recently mandated “ISD – Mechanism”, offering practical guidance on its implementation and relevance in indirect tax compliance.
CA Prashant Daftary, Partner at N. A. Shah Associates LLP, will be sharing his expert insights in a panel discussion on the topic “Internal Audit Report Writing” at a virtual session organized by The Chamber of Tax Consultants on 11th April 2025, from 6:00 PM to 8:00 PM.
This virtual session is designed to help professionals enhance their internal audit report writing skills—a key area that often defines the quality and impact of audit communication.
To register, click on:
https://us02web.zoom.us/webinar/register/WN_rDh1QqxuStenVTKCFUMveA#/registration
CA Chintan Ghelani, Partner at N. A. Shah Associates LLP, led as Group Leader at the 48th Residential Refresher Course (RRC) on Direct Tax, organised by The Chamber of Tax Consultants in Raipur.
He headed an engaging group discussion on the insightful paper “Case Studies in Direct Taxation”, offering practical perspectives and driving meaningful dialogue among participants.
CA Prashant Daftary, Partner at N. A. Shah Associates LLP, will be sharing his valuable expertise in an insightful webinar on “Internal Audit Assurance Maximisation in the Real Estate Sector”, organized by IIA India – Bombay Chapter on 1st March 2025.
This session will provide a deep dive into effective internal audit strategies, tailored for the real estate sector, helping organizations optimize their assurance processes and enhance operational efficiency.
To register, click on https://admin.iiaindia.co/
CA Milan Mody, Managing Partner, N. A. Shah Associates LLP, will be sharing his expertise in an insightful webinar on “SA 600 (Revised) – Special Considerations: Audit of Group Financial Statements”, organized by The Chamber of Tax Consultants on the 21st of February 2025 from 5:00 PM to 6:30 PM.
The session will provide key insights into group audits, addressing special considerations and best practices.
To register, click on https://us02web.zoom.us/
CA Prashant Daftary, Partner at N. A. Shah Associates LLP, will share his expert insights on “Accounting and Revenue Recognition in Real Estate.” This insightful webinar, organized by Taxmann, is scheduled for Thursday, February 20, 2025, from 5:00 PM to 6:00 PM. The session will provide valuable insights into key accounting principles, revenue recognition challenges, and best practices essential for real estate developers.
To register, click on https://www.taxmann.com/
N. A. Shah Associates LLP is hosting an exclusive GST webinar on 14th February 2025 from 4.00 pm to 5.00 pm to discuss the intricacies, implementation challenges for ISD compliance which is becoming mandatory from 1st April 2025 for businesses with a multi-state presence and the ongoing GST Amnesty Scheme till March 2025. It’s crucial to gear up and ensure seamless compliance.
Expert Speakers:
CA Parag Mehta – Partner, Indirect Tax
CA Jitendra Patel – Associate Partner, Indirect Tax
CA Ankit Joshi – Associate Partner, Indirect Tax
Here’s a glimpse into the enlightening session conducted by CA Milan Mody, Managing Partner at N. A. Shah Associates LLP, on Saturday, 28th December 2024, at ICAI Tower, Bandra Kurla Complex.
Organized by WIRC, the session offered an in-depth understanding of the Corporate Social Responsibility (CSR) framework, highlighting key insights from annual report disclosures.
Participants gained invaluable knowledge to effectively navigate CSR regulations, ensuring compliance while driving meaningful impact.
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Steering Excellence in Auditing Standards
A glimpse into a dynamic and insightful session led by CA Bhavin Kapadia, Partner at N. A. Shah Associates LLP, decoding the intricacies of Auditing Standards. Organized by the Ghatkopar CPE Study Circle of WIRC, this impactful event took place on Saturday, 21st December 2024, at P. N. Doshi Women’s College (SNDT), Ghatkopar.Professionals left inspired, equipped with actionable strategies to elevate their audit practices and deepen their understanding of core standards.
A Deeper Dive into Auditing Standards – Here’s a sneak peek into the remarkable session conducted by CA Prashant Daftary, Partner at N. A. Shah Associates LLP, on Sunday, 15th December 2024, at Mithibai College, Mumbai. Organized by the Vile Parle CPE Study Circle of WIRC, the session explored the finer points of Auditing Standards.
Participants gained valuable insights to refine their approaches, enabling them to align with evolving professional demands and deliver superior audit solutions. The session’s dynamic discussions left an indelible impact on all present.
Steering Excellence in Auditing Standards – A glimpse into a dynamic and insightful session led by CA Prashant Daftary, Partner at N. A. Shah Associates LLP, decoding the complexities of Auditing Standards. Organized by the Goregaon CPE Study Circle of WIRC, this impactful event took place on Saturday, 14th December 2024 at DSIMS, Saraf College, Malad West, Mumbai.
Professionals left inspired, equipped with actionable strategies to elevate their audit practices and refine their understanding of core standards.
Sharing a post-session glimpse by CA Prashant Daftary, Partner at N. A.
Shah Associates LLP, delivering insightful perspectives on “Practical
Insights – Audit of Companies” held on 14th September’24 at the Andheri
West CPE Study Circle of WIRC. It was an enlightening session that offered
participants a deeper understanding of key auditing practices.
Highlights from the insightful session conducted by CA Prashant Daftary on ‘Practical Insights into the Audit of Companies’ and CA Bhavin Kapadia on ‘CARO,’ held on 1st September 2024, organized by the J. B. Nagar CPE Study Circle of WIRC.
Over 250 participants attended, engaging actively in discussions on these crucial topics. The sessions sparked valuable conversations on auditing challenges and legal requirements, with enthusiastic participation and thoughtful feedback, enriching the learning experience for all attendees.
CA Aastha Dhowan, Partner at N. A. Shah Associates LLP, led an impactful Post-Union Budget Panel Discussion at H. R. College as a panelist, organized by the IMC Young Leaders Forum, which was successfully concluded by sparking new ideas and inspiring the leaders of tomorrow.
Glimpse of the insightful seminar by CA Gopal Bohra and CA Parag Mehta from N. A. Shah Associates LLP on the Union Budget and GST focusing on JV/JD impacts on Leasehold & Freehold Lands which was jointly organized by Credai BANM, Credai MCHI, Credai MCHI Youth, Credai BANM Raigad, Credai MCHI Raigad, NMBDA Raigad, and Naredco Raigad-MMR, this event truly brought together the best minds in the industry
The seminar was attended by over 250 participants. The level of engagement from all the participants was outstanding, sparking insightful discussions on the challenges arising from budget amendments and the legal and practical implications under GST to builder fraternity.
The dedication and enthusiasm of the members were evident in every session and the thoughtful feedback shared was invaluable.
Join us for an insightful webinar, hosted in collaboration with Taxmann , where CA Gopal Bohra Partner – Direct Tax, and CA Hitesh Jain, Associate Partner – Direct Tax, from N. A. Shah Associates LLP will provide their expert insights on the ‘Direct Tax Amendments proposed in Union Budget 2024-25’. Its scheduled on Friday, August 2, 2024, from 5:00 pm to 6:00 pm.To register, visit: https://lnkd.in/dP9WUucD.
Amey Swami, Article – Internal Audit and Chhavi Agarwal, Article – Statutory Audit from N. A. Shah Associates LLP will be presenting papers for technical sessions at the Mega Conference of CA Students in Vasai on July 13-14, 2024.
This event is organized by the Board of Studies, The Institute of Chartered Accountants of India (ICAI) and hosted by the Vasai Branch of WIRC of ICAI.
Register Here: https://lnkd.in/gQjRwd7Z.
Refresher session conducted by CA Milan Mody, Managing Partner at N. A. Shah Associates LLP at the Ghatkopar CPE Study Circle (GSC) on the topic “Companies (Auditors’ Report) Order, 2020”. Milan had also taken a session on the same topic at the GSC in April 2023. The session was held on Saturday, April 13, the event facilitated active interaction and participation, including discussions and questions among attendees. This session would be useful to GSC members since was held at the beginning of new audit season.
Our Direct Tax Team recently came together for an insightful and energizing offsite at Keshav Shrushti on 4th and 5th April 2025. The two-day event was a perfect blend of professional learning, cross-functional collaboration, and team bonding.
Key highlights included an interactive session on addressing tax-related queries from other departments, a deep dive into the challenges and implications of Block & Reassessment Proceedings, and a high-energy quiz—“Crack the Tax Code”—that made Direct Tax provisions both fun and competitive. The agenda also featured thought provoking case studies presentation by our article assistants.
Adding to the excitement, the team enjoyed fun-filled group activities and adventure sports at Juice Adventure Park, making the offsite both productive and memorable. Together, we continue to Bond, Deliberate, and Thrive!
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Glimpses from “Audit Offsite” at Keshav Shrushti on 28th February & 1st March 2025 – A perfect blend of learning, collaboration, and growth.
Our offsite was filled with engaging discussions, in-depth technical sessions, and team bonding activities that enriched our knowledge and strengthened our synergy.
We had the privilege of learning from expert speakers, who shared their invaluable insights:
Atmarpit Nishitji from SRMD conducted a Team Bonding Activity that broadened our perspectives.
Our esteemed external speaker, Mrs. Devika S Shah delivered enlighting session on Capital Market.
Ankit Joshi, Indirect Tax – Associate Partner, led an engaging and insightful session on the interplay between GST and Audit, providing key takeaways for the team.
Our Audit team members shared in-depth presentations and practical insights, along with an engaging role-play activity, fostering collaborative learning.
Engaged and empowered with new learnings and stronger teamwork, we continue to Bond, Deliberate, and Thrive!
Our Indirect Tax team conducted GST Offsite at Keshav Shrushti on 26th and 27th July 2024
The offsite offered a unique combination of technical learning and team bonding, creating an enriching experience for all members.
Various members of Indirect Tax team conducted engaging sessions & in-dept presentation on various current GST topics, thereby imparting training to all the team members.
We also had the privilege of learning from distinguished speaker CA Vasant Bhatt who led an insightful session on “Principles of Natural Justice, CESTAT Procedures and Classification of Goods,” providing valuable knowledge on these critical topics.
Members also had a rejuvenating morning Yoga session by yoga instructor Ms. Anuradha Nichani promoting wellness and mindfulness.
All the sessions were not only informative but also empowering, leaving our team inspired and better equipped for future challenges. A big thank you to all our speakers for their invaluable contributions and to everyone who made the offsite a great success. Together, we continue to Bond, Deliberate and Thrive!
Glimpses from “Audit offsite” at Keshav Srushti, Mumbai on 9th and 10th March, 2024 which was unique blend of technical learning and team bonding sessions.
We were also joined by speakers who shared their expert insights with us.
Tarun Bhojwani is associated with Tata Group since year 2003, have shared his insights on “Expectation from Auditors”.
Brahma Kumari Kavita, a RajYoga Meditation Teacher, practicing Rajyoga Meditation, shared her wisdom on “Work Life Balance”
Diana Mathias, our Business Advisory Partner, shared her views on “FEMA rules relevant for Assurance Functions”
These sessions were insightful and empowering for our team.
Kudos to our speakers for sharing their wisdom, and a big thank you to everyone who made ‘Bond, Deliberate and thrive’ a success!
Different Stokes is a non-technical in-house magazine / publication which serves as a platform for employees to showcase their talents, hobbies, and experiences with their teammates. It also helps as a medium to connect and bond with each other.
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N. A. Shah Associates LLP is a niche professional services firm rendering suite of value-added services since 1965. Situated in the heart of Mumbai, the firm represents a balanced blend of experience and youth, sharing a common vision of authenticity and efficiency. N.A. Shah Associates is one of the leading CA firms in Mumbai. The firm takes pride in its ability to consistently deliver out of the box solutions that are technically sound, innovative, and implementable. Testimonials from highly satisfied clients who have been with us since last four decades establish our reputation.