BANGALORE: The Federation of Tibetan Cooperatives in India Ltd (FTCI) is organising a 7-day training program from 13 – 19 June, 2017 on Tally (accounting package), Goods & Service Tax (GST), Income Tax and Budget for Accountants of 15 Member Cooperative Societies and FTCI Units at FTCI Bangalore with 18 participants attending the training.
Mr Giri Babu P, Mr Mohammaed Mohiuddin and Ms Savitha Tally professional, B E Solutions Private Ltd, Bangalore, Mr Basavaraj K S, Joint Commissioner of Commercial Taxes, E-Audit, Bangalore, Mr Channappa R. Nulvi, Chartered Accountant, Bangalore and Mr Thupten Tsering, CAO, FTCI are the resource persons for the training sessions.
At the inaugural function, former Tibetan parliamentarian Mrs B. Tsering, Principal of The Dalai Lama Institute of Higher Studies, Bangalore attended as the Chief Guest. Also present during the function were FTCI Chairman, FTCI CEO, Accountants of member societies and FTCI Units, and FTCI head office staff.
The inaugural function began with lighting of butter lamp to HH the Dalai Lama portrait, followed by serving of butter tea & sweet rice.
In his introductory remarks, the FTCI CEO, said that “the Tibetan cooperative societies especially the smaller societies are facing several challenges in accounting, tally and income tax. Because of these hardships, the overall administration of the society is affected.”
He further noted that irrespective of whether societies maintain accounting and financial statement on time or not, if the accountant lacks required knowledge, experience and information on periodical tax obligation, then it could have a significant impact, which could eventually plunge the societies with heavy penalties. He also recounted problems that many of the societies commonly face with frequent change in accountant, new accountant lacking experience, delay in closure of account statement and CTA audit reports.
He concluded his talk by emphasising on the importance of maximum participation from the trainees in the training session and put them in practice once back to settlements.
In his address, FTCI Chairman, stressed on importance of updating skill and knowledge through this training program. He also said that such training program will not be organised again and again. He asked the participants to take active part in training program by paying attention and asking queries. He also thanked DOH, CTA for providing fund to organize the training program.
The Chief Guest underlined the significance of cooperative towards the livelihood of people in general and farmers in particular. She reminded about the difficulties, which many Tibetan societies went through in mid 80s.
In her address, KuNgoe B Tsering also highlighted on the importance of honesty in accounting work, timely maintenance of day-to-day accounting work and importance of good memory power.
FTCI Chief Accountant conveyed vote of thanks to the Chief Guest, other dignitaries, DoH Dharamsala, TYH Bengaluru, and participants. Inaugural program concluded with a group photo session of all participants with Chief Guest.
The 7-day training program is funded by USAID through DoH, CTA, Dharamsala and FTCI.
– Report filed by Department of Home –