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impact of gst on CA demand

Himanshu Goyal (Student) (165 Points)

04 July 2017

how will GST impact the demand for CAs in near future?

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Karan Batra (Creator: TheProTalks) (2325 Points)
Replied 04 July 2017

GST definitely will be a boon to the CA industry, for the Practice pursuing entrepreneurs, as well as the industry enthusiasts. 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 doesn’t 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 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

However, what you are asking cannot be quantified. We all know by now is that CAs will be more and more required but the question is not why but the question should be how much increase in demand will be there and till when this humongous demand will sustain.