ForumIAS New Batch Announcement 

MGP Batch C: (Starts 25th January, Ends 17th September)       PLAN DOCUMENT        PAYMENT LINK 
MGP + Batch C: (Starts 25th January, Ends 17th September)    PLAN DOCUMENT        PAYMENT LINK 
MGP Batch C (Rapid): (Starts 25th Jan, Ends 19th Apr)              PLAN DOCUMENT        PAYMENT LINK 

regarding the commerce syllabus for 2018

Hi,
Just confused about the commerce syllabus for 2018.
1. Is GST is applicable for 2018 mains ICS instead of service tax and VAT.
2. What would be the Tax Slab for the Income Tax Exam i.e., slab rate, deductions etc.
3. Will IND AS be applicable or the old IFRS for accountancy and Is schedule III of the preperation of Financial Statements applicable or old Schedule VI/Revised Scedule
VI?
4. Whether Indian Companies Act, 2013 is applicable or the old Indian Companies Act, 1956?

It would be very grateful of yoy if you help me in this regard.

Comments

  • In my opinion, GST should be applicable in place of Service Tax and VAT. Although, nothing can be said with surety before the coming out of official notification for next UPSC CSE. Same is the case with Accounting Standards. Ind AS should be applicable in place of old Accounting Standards.

    What can be said surely is that the new Companies Act, 2013 would be applicable and consequently, Schedule III in place of Schedule VI. As regards tax slabs and rates, it depends on the decision as to what will be the new rates and slabs for the financial year 2018-19.

    You are requested to edit the title of the thread and rename it as "Commerce & Accountancy: Discussion thread for UPSC CSE 2018-19", so that it may become a one stop platform for all the doubts and discussions related to Commerce optional.

    @deshbandhu What do you say?
Sign In or Join to comment.

Courses by ForumIAS for CSE
ForumIAS is trusted by over 10,000+ students for their Prelims, Mains and Interview Preparation and we currently run several assistance programs to help students from Civil Services prelims preparation to rank upgradation to IAS. You can enroll for these programs by visiting http://blog.forumias.com/courses

Welcome!

We are a secret self-moderated community for Civil Services preparation. Feel free to join, start a discussion, answer a question or just to say Thank you.

Just dont spread the word ;)

Sign in or join with Facebook or Google

Subscribe to ForumIAS Blog