CA course syllabus to include GST
As the GST has already received the
assent of the President, the CA syllabus for Indirect Tax papers will be
altered so as to include GST.
ICAI president M Devaraja Reddy said since GST is an indirect tax law, it will affect the syllabi of all subjects
related to indirect taxes. "Part II of paper 4 (indirect taxes) of
intermediate course and paper 8 (indirect tax laws) of final course will be
altered." ICAI president, M Devaraja Reddy, said, "Once GST gets
implemented in the country , service tax law, excise law, CST law and VAT laws
contained in these papers will be subsumed into GST. However, customs laws will
continue in these papers even after implementation of GST because customs duty
is not being subsumed in GST."
Reddy said the formal announcement
on syllabus change will come after legislation related to GST is implemented.
"The methodology for designing the syllabi and the time when the same will
be made applicable will be decided by the Council of ICAI. Students will be
informed well in advance whenever the new syllabi would be made
applicable," he said.