PM unveils a new syllabus for CA in wake of GST

Prime Minister Narendra Modi on Saturday unveiled a new syllabus for budding chartered accountants, which will have an extra examination on Good and Sales Tax(GST).

For starters, the exam will be introduced in November this year with the GST-related questions evaluated for 10 marks. However, from May next year, the exam will carry full 100 marks.

After unveiling the new syllabus, Modi addressed the 68th Chartered Accountants' Day celebration. He said the launch of the new syllabus would herald a new benchmark for training CAs at par with the international standards.

According to Vivek Khurana, vice-chairman of Northern India Regional Council of the Institute of Chartered Accountants of India, under the new syllabus, many changes will be brought in at all three levels --Common Proficiency Test (CPT), Integrated Professional Competence Court (IPCC), and the Final exam.

“CA IPCC will have eight subjects. Ethics and Communication part will be removed from Law Paper. Financial Management will then be moved to the second group carrying 100 marks. CA Final will have a new subject named ‘Capital Markets’ in the second group, for 50 marks,” he said.

“The new syllabus will benefit students. It will not only bring in more job opportunities but also make them at par with international CA-equivalents,” Khurana said.

Those students under the old syllabus will be allowed to have a few attempts before they switch over to the new curriculum.