CA IPCC Syllabus for May 2018 Amendments for Old Students
The Syllabus of CA IPCC changes every two attempts. Same is the case this time too. The CA IPCC Syllabus for May 2018 for Old Students will be different in few subjects when compared to the syllabus that was applicable for previous Exam.
Students registered under old Inter Syllabus will be given 4 attempts chance before they are automatically converted into the new syllabus.
The Syllabus May 2018 exams will see the introduction of GST for both Old and New students.
The CA IPCC Syllabus of Subjects like Accounts, Tax, Law and Auditing might see new changes and amendments for May 2018 exam.
Total Changes in Syllabus is 16% and major changes is in Tax.
IPCC Accounts Syllabus Changes May 2018
There is only one Change and Amendment in CA IPCC Accounts Syllabus. The newly introduced Indian Accounting Standards will be applicable for CA IPCC May 2018 Exam.
However, only the basics and introduction to the Indian Accounting Standards will be applicable for CA IPCC May 2018 Syllabus.
AS-6 has been removed and merged with AS-10. So, for May 2018 exam, students need to study the revised AS-10.
IPCC Tax Syllabus Changes May 2018
Starting May 2018, GST will be applicable for CA IPCC Students for a total of 50 Marks.
CA IPCC Tax Syllabus for May 2018 will see the most number of changes and amendments. This is due to the applicability of the Union Budget introduced in 2017.
GST Syllabus will cover all basic topics like Introduction to GST, Supply, Filing of GST Returns etc.
IPCC Law Syllabus Changes May 2018
In Company Law Syllabus, there is is only one new amendment. Apart from this, Students can study the existing syllabus for May 2018 exam.
The Ministry of Corporate Affairs has notified Section 66 of the Companies Act, 2013, which deals with Reduction of Share Capital in a company.
However, for May 2018, this new Section 66 will be applicable and students are advised to take note of the same.
All the above mentioned changes and CA IPCC Syllabus for May 2018 for Old Students will be applicable for May 2018 exams and also for next attempt too.