Make Indirect Tax laws complex for CAs to Learn More'
June, 12th 2014
Indirect tax laws are the most complex laws of the country. I wish the government makes it more complex so that it creates an opportunity for us (Chartered Accountants) to learn more,” said Justice Anil R Dave, Judge, Supreme Court, at the members day function of the International Chamber of Indirect Tax Professionals (ICITP) here recently
The judge, who was the chief guest of the occasion, said of the 120 students who pursued B Com with him, just 45 became Chartered Accountants and none of them practised indirect tax. “It is good to know that more professionals are practising indirect tax these days,” he added. Krishnan, vice-president of ICITP, said that the chamber which acted as a bridge between the government and the community had attained significant growth in a short period of time as it stuck to strict professional discipline.
“There were only 40 members when we inducted this Chamber in 2008. In five years, the membership has increased five-fold, which is a great achievement for a Chamber that is exclusively for indirect tax professionals,” said Rajendra Kumar, president of ICITP, in his inaugural speech.
Kumar announced that the chamber would release a book on Goods and Service Tax (GST) Act authored by J Purushothaman, former president of the Chamber, for the benefit of the general public, in a month’s time.
He also urged Justice Dave to write a foreword for the book, for which the latter readily accepted.
On the occasion, past presidents of the chamber P Sankaran, J Purushothaman, V V Sampath Kumar and J Murali were felicitated. They received mementos from Justice Dave.