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Please help.... idt...isca...

Nirmall (Article) (54 Points)

15 August 2014

I appeared for 2nd grp in may 14 attempt, I gave it all I had but couldn't clear. I was in shock for 3 days. Couldn't talk to anybody at home. Secured 40+ in all subjects but of no use. I also went through ICAI material for Costing. Didn't left any stone unturned. My 1st grp is left, haven't attempted that and had hoped to give it in nov. But now again 2nd grp. I am very confused about how to go about now. Moreover there are now so many changes in IDT and ISCA. I had done classes for IDT for may. But after huge amendments I doubt if they are of much use now for November. I know it might sound childish but please guide me on this. Costing and DT will manage. But IDT and ISCA... Please can anyone guide me on IDT and ISCA all amendments. I want to clear......

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4 Replies

CA Rahul Sharma (Asisstant Manager Finance) (697 Points)
Replied 15 August 2014

Dear freind dont be so panic, there is noyhing to be so worry.

I have also such type of situation, u also was so worry about the same, but now i am little bit relaxed let me explain:--

In case of IDT, there is not so much of change other than foreign trade policy and weightage is increased to 25 from 20 of custom so only extra reading is for ftp remaining custom is same.

excise weightage is only reduced to 25 from 40 no alteration. vat removed and service tax increased to 40.

hence not so much chnage.

In case of isca i refer the material of icai in which now there are 8 chapters in which only 2 chapters are new rest are only reorganized no change.

dont worry be happy and start for preparation for exam with fresh mind and mood

Best of luck

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CA Himanshu Bansal (Risk Manager) (2345 Points)
Replied 15 August 2014

Hi,

Dont panic..In IDT, there are very less changes, but I would suggest you to purchase latest publication of your reference book applicable for November 2014.

Excise has been reduced to 25 from 40, Service Tax increaed from 25 to 50. Customs approx 20 marks and Foreign Trade Policy approx 5-10 marks..So syllabus of Excise and Service tax is same, but their scope is decreased/increased. Master the Service Tax.

Even I gave my both groups and managed to clear group 1 only. I will be appearing group 2 now. For ISCA, I referred Dinesh Madan earlier, but now I am going to refer only ICAI study and practice manual as per revised syllabus.A few topics are deleted and a few are added, which I think are easily manageable.

Keep your morale high, best of luck !

CA Lakhbir Saini (Chartered Accountant) (191 Points)
Replied 15 August 2014

Same situations here dear... Bt we hv to be strong n hv faith on our hard work... Jst be relexed n start stdy properly.. Evrything will be gd in future..