Goods and Services Tax

It is true that becoming a Chartered Accountant is tough but becoming a successful chartered Accountant is even tougher. A graduate who goes through rigorous article training and passes around 20 examinations, then becomes a chartered accountant. 1 in 100s pass this toughest course of the country. It is not tough just because of number of exams or duration involved, but because of level of understanding and practical approach expected from a CA candidate. Even after successfully clearing the exam he undergoes various practical challenges, first and foremost establishing his own firm that too with the demanding expectations with humble fee structures. Criticizing Chartered Accountants on one after the other financial scams is absolutely uncalled for. Auditors are the watch dogs and not the blood hounds. If he is expected to sit down with the stakeholders and get the errors rectified, then we are asking more than auditing. Who will shell out the cost involved in such a long d...