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Workflow boost for accountants, advisory firms

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

CorporateIndiaisjustaboutgettingstartedtogettheirbusinessesreadyforthegoodsandservicestax(GST)regime.Thishasopenedupasizablebusinessopportunityfortaxexperts,advisoryfirms,andlawfirms.WhathascomeasashotinthearmforcharteredaccountantsandcostaccountantsisthemandatoryneedfortaxauditsforcertaincompaniesundertheGSTregime. UnderSection42(4)ofthedraftModelGSTLaw,businesseswithto-be-prescribedturnoverhavetogettheiraccountsauditedbyacharteredaccountantoracostaccountant.Accordingly,theInstituteofChartered ...