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May 2017

GST for May & Nov 2017 – ICAI

ICAI has made announcement on March 1, 2017 that for IPCC Students GST will not be applicable for Nov 2017 (See Here). Today on March 30, 2017 ICAI announced for both IPCC and Final students that GST will be will be examined (Doesn’t mean applicable) for May, 2018 examinations onward.

The GST applicability announcement by ICAI as under:

GST to be made applicable from May, 2018 examination onwards for Intermediate (IPC) Course and Final Course – (30-03-2017)

The Council of ICAI has decided that Goods and Services Tax (GST) will be examined in both Part II: Indirect Taxes of Paper 4: Taxation of Intermediate (IPC) Course and Paper 8: Indirect Tax Laws of Final Course from May, 2018 examination onwards.

Crux:

GST will not be applicable for May 2017 and Nov 2017 for both IPCC and Final Students. For May 2018 it will be on the discretion of ICAI whether it will applicable o not.

See Announcement on ICAI website: http://icai.org/new_post.html?post_id=13408&c_id=342

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