President's Message - CS (Dr.) Shyam Agrawal

President ICSI

July, 2017

My Valued Colleagues

While addressing the nationat the Central Hall of Parliament on launch of GST, Hon’ble Prime Minister Narendra Modi had cited “Today, the GST Council had its 18th meeting. It is a coincidence that the Bhagavad Gita also has 18 chapters”. Listening to this address,following Shalokas’from Kaṭhopaniṣhadand Bhagvad Gitastressing immortality of soul radiated in my mind:

na jāyate mriyate vā vipaśhchin nāyaṁ kutaśhchin na babhūva kaśhchit
ajo nityaḥ śhāśhvato ’yaṁ purāṇo na hanyate hanyamāne śharīre (1.2.18) [v25]
                                                                               - Kathopanishad

“The soul is not born, nor does it die; it did not spring from something, and nothing sprang from it. It is unborn, eternal, immortal, and ageless. It is not destroyed when the body is destroyed.”

नजायतेम्रियतेवाकदाचिनायंभूत्वाभवितावानभूय: |
अजोनित्य: शाश्वतोऽयंपुराणोनहन्यतेहन्यमानेशरीरे || 20||

na jāyate mriyate vā kadāchinnāyaṁ bhūtvā bhavitā vā na bhūyaḥ
ajo nityaḥ śhāśhvato ’yaṁ purāṇona hanyate hanyamāne śharīre

BG 2.20: The soul is neither born, nor does it ever die; nor having once existed, does it ever cease to be. The soul is without birth, eternal, immortal, and ageless. It is not destroyed when the body is destroyed. -Bhagvad Gita

Therefore, both Shalokas from our ancient literature seem to be so apt in context of this historical change as the old ‘body’ of these multi-layered tax structure in India consisting of 17 taxes and 23 cesseshas changed its form to take form of a new ‘body’ which beautifully unleashed the concept of ‘One Tax, One Nation: GST’. This was paramount to streamlinethe country's $2-trillion economy and 1.3 billion people into a common marketto give a push to ease of doing business in India.The entire fraternity of Company Secretaries stands united and prepared to extend our contribution towards ensuring successful transition towards GST.To support the Government in this neoteric reform, we have taken many initiatives highlighted in this issue of Chartered Secretary besides dedicating this issue to GST exclusively.