The demand of CAs in India will never be dismal, as far as we talk about the near future. Specialist in what they do, it is difficult to find a replacement to CAs even in this technology driven world. Currently in this 1.3 billion populated country with around 963 million literate population the share of CAs is merely 256592 which is around 0.026% of the total literate population. Looking at such statistics it is hard to believe that there would be any dearth in demand of CAs in India.
Audit and taxation which are believed to be primary areas of working for a CA till today require manual support. Though in this digital world there are a number of software which can do these jobs but still they require supervision by a CA. Accountancy and Financial Management offer an array of opportunities to CAs being one of the majorly contributing departments in corporate sectors. Hence, addition to the skillset will always help in long run and there are a number of online sites through which it can be achieved today, one being SuperProfs, where students will not only get insights about the stream but also detailed description of the courses available.
The corporate sector as can be seen is going through a number of changes in forms of mergers and acquisitions taking place lately that is leading to transformations in this sector and the role of CAs is becoming ever important. With deep knowledge about the industry and hands-on experience with valuation techniques and financial modelling, they have a prominent role to play.
Demand of CAs with the implementation of GST
In the current scenario demand of CAs will increase in India owing to the introduction and implementation of goods and services (GST) tax. CAs have a tremendous influence with the implementation of the tax reform in form of offering financial advices, complying with the laws and handling core taxation. With the new professionals getting more exposure to these new tax reforms, the graph for demand of CAs is said to have only an increasing slope in the years to come.
As GST service providers the crucial demand of CAs will be in the area as:-
• Representative to GST policy makers
• Filing returns
• Maintaining registers and documents of timely credit deductions and refunds
• Audit of GST records and accounts
• Acting as an authorised representative before the GST officer from the company side
Demand of CAs in India is yet to see sunset with these new horizons some of which have already in place and some of which are yet to see the dawn.
If you need help with CA preparations, contact SuperProfs‘ CA Exam Expert. Also, you may begin your preparation with CA Free Trial Classes. Now students from all over India can learn from India’s Most Experienced Professors online and get their dream career.
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