Immatured Leaders

Self assessment is the nucleus of VAT. File proper returns, pay tax in a correct manner and get rid of the assessment by the bureaucracy, is the scheme of the Act. It should be noted here that even if business audit is provided, it is not possible for the Government to do the same in more than ten per cent cases. They do not have the required infrastructure. Whole scheme is based on trust. It was a bold step on the part of the Government being fully aware that dishonest persons would take disadvantage of this scheme. To provide a check on such dishonest persons, such assessment in the form of audit has been entrusted to Chartered Accountants. But to the dismay of the Government, the Chartered Accountants have failed in their duty.

In fact, we had noticed this state of affairs long ago. Therefore, we had published an Editorial on the same. We expected the sensibles amongst them to realize the gravity and represent to their institute to take steps against the wrong doers. But to our misfortune, some self appointed leaders instigated the institute to serve a legal notice on us. These so called leaders should now take the Commissioner to the Court. These persons also wanted us to publish apology at the conspicuous place in this journal. They may please read the Commissioner’s findings on the Cover Page.

This is our last editorial. Last three years we have published material without any fear or favour on a variety of issues. Many of those raised controversies. We thank the Editorial Board which stood by us in every such dispute. They were our strength.

This journal is the mouth piece of the STP Association. Naturally, the managing committee of the Association always makes an attempt to control the views expressed therein, though the same is not desirable. We must thank Shri Deepak Bapat, the President for restraining his committee from such interference, though on many occasions he was not in agreement with those views.

Pramod and Ashvin were the real Editors of this publication. We had concentrated only on the Editorial part of the same and rest of the things were handled by them. They performed so well that except Editorials there were no complaints. We wish them all the best in their future endeavours. Ashvin is our successor and we are sure that he will take this journal to greater heights.

We shall be failing in our duty if we do not express our gratitude towards the staff of the STP Association and the Printing Press. They have always co-operated with us. Adieu.