Business Standard

Workflow boost for accountants, advisory firms

Plans are afoot to train 20,000 chartered accountants by March 2017 in different aspects of the GST

Sudipto Dey 

Corporate India is just about getting started to get their businesses ready for the goods and services tax (GST) regime. This has opened up a sizable business opportunity for tax experts, advisory firms, and law firms.

What has come as a shot in the arm for chartered accountants and cost accountants is the mandatory need for tax audits for certain companies under the GST regime. Under Section 42 (4) of the draft Model GST Law, businesses with to-be-prescribed turnover have to get their accounts audited by a chartered accountant or a cost accountant. Accordingly, the Institute of Chartered ...

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First Published: Sun, August 21 2016. 21:19 IST