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Applicability of gst for ca final nov 2016 exams

prashantkumar (CA final) (96 Points)

07 July 2016

IS GST IS APPLICABLE TO CA FINAL NOV 2016 EXAMS?

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4 Replies

Thirumalai Kumar (Practicing Cost Accountant) (213 Points)
Replied 07 July 2016

Big NO,

And GST bill not passed till now

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Ajay Kashyap (CA Final) (43 Points)
Replied 03 October 2016

I conclude not even for May 2017 Final Exam, reason being this aspect is to be covered in the Statutory & other audits during FY 2016-17.

GST Act is projected to be implemented by 1st April, 2017. However, amendments applicable for CA exams are older than atleast 6 months from the month of exams. E.g. For may 2017 exams, amendments incorporated uptill 31st October, 2016 shall be applicable. So, for May 2017 exams there will be no change in syllabus. And as per the suggestions given by ICAI, GST will not be applicable upto May 2018 exams.

Madhukar N Hiregange (Chartered Accountant) (39034 Points)
Replied 07 October 2016

In the transition phase it is expected that the students who have already taken up the study will not be diturbed. Once Act & Rules in place considering the major shift it is likely that an option for writing with the subject of GST would only be in place by may 2018. Earlier to that, it would not be put in place.

SAGAR (PRACTICE) (34 Points)
Replied 08 October 2016

Sir

I want to ask why work done by contract labourers are specifically excluded from the defination of Agricultrist. (where it is he has to personally perform agricultural produce).

What is the reason behind suh exclusion.