Get the details about GST Applicability in CA CMA CS – Changes in Tax Syllabus. The Goods and Services Tax Bill or GST Bill proposes a national Value added Tax to be implemented in India from 1 April 2017. We got so many queries regarding Applicability of GST in CA CMA CS Exams.
GST to spur overhaul of CA, CS & CMA course syllabus
The implementation of the goods and services tax (GST) bill will call for major changes in the CA, CS and CMA syllabus.
GST shall replace following Acts.
- Service Tax
- Excise Act
- Central Sales Tax Act
- Value Added Tax
In place of 4 Acts one Act will be introduced which is GST. Govt. has notified 1-4-2017 as the date of implementation of GST.
We expect GST to be implemented in CA, CS and CMA exam for following attempts assuming the rule of 6 months gap between implementation and month prior to exam month.
GST Applicability in CA CMA CS – Changes in Tax Syllabus
CA – April to October : 7 months gap
CS / CMA – April to November : 8 months gap.
Therefore GST will not be implemented in May 2017 / June 2017 exam.
Let us see the predict the proposed syllabus after implementation of GST.
|Old Syllabus (IDT)||New Syllabus (GST)|
|Course||Subject||Old Syllabus||New Syllabus|
|CA IPCC||Taxation||IDT (50 Marks)||GST (40 Marks)|
|CA Final||Indirect Tax||IDT (100 Marks)||GST (100 Marks)|
|CS Executive||Tax Laws and Practice||IDT (30 Marks)||GST (30 Marks)|
|CS Professional||Advanced Tax Laws and Practice||IDT (70 Marks)||GST (70 Marks)|
|CMA Inter||Indirect Tax||IDT (100 Marks)||GST (100 Marks)|
|CMA Final||Indirect Tax||IDT (50 Marks)||GST (100 Marks)|