Life@nashah

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

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

 

https://www.linkedin.com/posts/nashahassociatesllp_high-court-quashes-gst-demands-on-seconded-activity-7257337991470141441-H8gm?utm_source=share&utm_medium=member_desktop

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

 

https://www.linkedin.com/posts/nashahassociatesllp_gstn-restores-july-august-2017-gst-returns-activity-7246444766177968128-2SmA?utm_source=share&utm_medium=member_desktop

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

 

https://www.linkedin.com/posts/nashahassociatesllp_gstn-restores-july-august-2017-gst-returns-activity-7246444766177968128-2SmA?utm_source=share&utm_medium=member_desktop

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

 

https://www.linkedin.com/feed/update/urn:li:activity:7244669541375430656

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

 

https://www.linkedin.com/posts/nashahassociatesllp_government-eases-gst-refund-rules-for-exporters-activity-7240308295381471234-oaSK?utm_source=share&utm_medium=member_desktop

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)

 

https://www.linkedin.com/feed/update/urn:li:activity:7239516957186637824

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

 

https://www.linkedin.com/posts/nashahassociatesllp_top-it-firms-tcs-infosys-techm-face-flurry-activity-7239240640620859392-vL76?utm_source=share&utm_medium=member_desktop

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

 

https://www.linkedin.com/feed/update/urn:li:activity:7227193690090348545

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

 

https://www.linkedin.com/posts/nashahassociatesllp_taxsavings-homeloandeductions-incometaxact-activity-7223966125481447425-RCaJ?utm_source=share&utm_medium=member_desktop

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

 

https://www.linkedin.com/feed/update/urn:li:activity:7222187965433729025

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

 

https://www.linkedin.com/posts/nashahassociatesllp_nashah-budget2024-liquorprices-activity-7221831406375620610-r2B1?utm_source=share&utm_medium=member_desktop

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.

 

https://www.linkedin.com/posts/nashahassociatesllp_unionbudget2024-budget2024-expertspeaks-activity-7221467447906734080-SWPW?utm_source=share&utm_medium=member_desktop

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.

 

https://www.linkedin.com/posts/nashahassociatesllp_unionbudget2024-budget2024-expertspeaks-activity-7221466736590524418-qeU-?utm_source=share&utm_medium=member_desktop

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.

 

https://www.linkedin.com/posts/nashahassociatesllp_unionbudget2024-budget2024-expertspeaks-activity-7221463934359265281-BPwo?utm_source=share&utm_medium=member_desktop

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.

 

https://www.linkedin.com/posts/nashahassociatesllp_unionbudget2024-budget2024-expertspeaks-activity-7221444536051392512-q4zD?utm_source=share&utm_medium=member_desktop

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
https://www.linkedin.com/feed/update/urn:li:activity:7213468072672694272

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.

Prashant Daftary, Partner at N. A. Shah Associates LLP, will be sharing his expert insights in a webinar on Internal Audit Report Writing and Communication. The in-depth session is organized by the Board of Internal Audit and Management Accounting of ICAI, on 14th August 2024 from 5pm to 7pm. The session will provide valuable knowledge and practical strategies that will enhance your understanding of these crucial aspects of internal auditing.
Register here- https://live.icai.org/BIAMA/14082024/

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 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.

Different Strokes April to June 2024

Different Strokes April to June 2024 Download

Different Strokes Jan to March 2024

Different Strokes Jan to March 2024 Download