Indirect tax

Very soon Goods and Service Tax (GST) would be introduced in India.

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Service Tax has already become so complicated and VAT has also entered in works contracts.

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Expert knowledge of Excise will boost your career because it is based on costing. Costing is having a big role in TRANSFER PRICING cases.

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If you wish to start practice; then within 3 years you may have enough professional work in your hands.

If you wish to be in JOB; still you will find good post in companies e.g. REAL ESTATE COMPANIES.

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By joining Certificate Course on Indirect Tax; you would be able to know PRACTICAL APPLICATIONS of such areas.

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( Although all has been already included in CA Curriculum but at the time of CA Final studies; students hardly refer the PROFESSIONAL BOOKS, JOURNAL AND MAGAZINES).

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One may regularly refer my page

CAREER CONSULTANT:

https://www.facebook.com/royalcareer

Excerpts from the CMA Journal, August, 2013

(The Journal which publishes recent articles in the field of Indirect Taxes).
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Cost Audit Reports can play a pivotal role because it provides reliable and authentic feedback to the government and its various departments and agencies.
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The Cost Audit Report is an effective tool of information in the hands of directors on the board because it gives a clear-cut analysis of cost structure and pricing policy, thus ensuring good corporate governance.

It also provides performance appraisal reports which help directors, the government, and investors to
understand the performance of the company. They also help the company get the ost and revenue information necessary to formulate and implement strategies.

With increasing foreign trade coming under the WTO regime, the dumping of products has become a serious issue in international trade. Cost records and the cost audit report help to control the dumping process and effectively apply the Competition Act.
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The Cost Audit Report is a very useful resource for the Direct and Indirect Tax Authority because cost audited records play a huge role in determining

‘Arms length’.

The Excise department also depends on the cost audit report to determine excise duty. The Cost Audit Report shows the actual amount of various taxes paid by a company provides information about actual productivity and wastage.

As a whole, the cost audit focuses on performance evaluation. It helps to improve business performance and production efficiencies by detecting deviations from standards, provides reasons for visible and invisible losses, inefficiencies, wastage, etc. and shows the most efficient and effective ways to utilize scarce resources

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You may also refer CMA Journal regularly :

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https://icmai.in/upload/Institute/Journal/Aug_2013.pdf