Has demonetization and GST impacted the market value of a CA?

Chartered Accountant was the soul of GST. It implementation was not possible without CA. At the same time, it has increased the value of CA nevertheless. Thanks.

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GST definitely will be a boon to the CA industry, for the Practice pursuing entrepreneurs, as well as the industry aficionados. It is a wave of change for a widely dispersed-politically active-youth on a rise-nation like India. It creates jobs as well as brings clients to the lair of practitioners. GST ensures abolishment of various taxes, bringing into our folds so-called-single-rate-of-tax. But it doesnt abolish the COMPLEXITY. A layman can hardly fathom the applicability of GST/procedures/registration/49 return filings per annum/appeals. There is a lot of work cut out for us CAs, and for other professionals like CMAs and CSs. So, I think it is safe to say that GST is definitely a boon for us professionals.

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Hello, GST (goods and services tax) had come into effect from July 1, 2017. It was proposed to abolish the multi tax system such as VAT And has normalized the tax system. CA graduates would not be actually affected due to this tax regime but they need to get updated with the process of Taxation of GST. Before the implementation of GST, all calculations were manual which required the work of CAs is large measures but after GST, the Taxation are done online. Now, all the CAs would be sailing in the same boat and so they need to update themselves with this new system. Even now, CAs are demanded by many companies as they could perform this job better than anyone else. So, the market value has not been affected. For the aspiring CA graduates, GST should be updated and so they could also be considered in the future.

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