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How to start consultancy in gst

Veda soman (Dy Manager costing) (30 Points)

09 January 2017

I want to start consultancy in GST.

How to start the same. How to approach people?

Please guide..

Regards,

Veda Soman

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4 Replies

CA Sujeet Kumar (Self-Practice) (738 Points)
Replied 10 January 2017

Try to build network

Nagendra Hegde (Chartered Accountant) (1948 Points)
Replied 10 January 2017

In my opinion, proper understanding of existing indirect tax laws are highly important to understand GST. Starting practice should not be aimed at getting clients. It should be focused on getting in-depth knowledge, providing better services and doing justice to the job undertaken.

Reading draft law/rules, comparison with existing laws, attending seminars conducted by eminent speakers, reading and writing articles could be the starters. It should be long term oriented.

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CA Amrita Chattopadhyay (Audit & Assurance) (13029 Points)
Replied 12 January 2017

Try to understand the various challenges which are going to be faced by various sectors for the implementation of GST. One of the areas could be filing of multiple returns and obtaining registration in various states for the inter state sales.

Another challenge which could be faced by small enterprises would be that everything is going to be online and they may need expert guidance.

So, understand the challenges and your capability of providing guidance to them and then start building network in that particular area.

1 Like

CA Adarsh Madrecha (Chartered Accountant) (200 Points)
Replied 14 January 2017

In today's word, building a professional brand is a must. Apart from gaining through knowledge of the subject matter (i.e. GST in your case)

People should know that you possess knowledge of GST, only then they will approach you with their question for your consulting. Hence I suggest you register on GST India Forum (gstindia.net) and start posting some good articles, questions, answers.