This paper is published in Volume-11, Issue-2, 2025
Area
Accounting
Author
Akshaya M, Arun Kumar S K, K M Rakshith
Org/Univ
CMR University, Bengaluru, Karnataka, India
Keywords
Goods and Services Tax (GST) Chartered Accountant (CA) Firms Tax Compliance Accounting Practices Indirect Tax Reform Technology Adoption GST Portal Input Tax Credit (ITC) Regulatory Framework Client Advisory Services Training and Development Digital Transformation Tax Filing and Returns Compliance Burden GST Challenges and Opportunities
Citations
IEEE
Akshaya M, Arun Kumar S K, K M Rakshith. The Impact of GST on Accounting Practices in Chartered Accountant Firms, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Akshaya M, Arun Kumar S K, K M Rakshith (2025). The Impact of GST on Accounting Practices in Chartered Accountant Firms. International Journal of Advance Research, Ideas and Innovations in Technology, 11(2) www.IJARIIT.com.
MLA
Akshaya M, Arun Kumar S K, K M Rakshith. "The Impact of GST on Accounting Practices in Chartered Accountant Firms." International Journal of Advance Research, Ideas and Innovations in Technology 11.2 (2025). www.IJARIIT.com.
Akshaya M, Arun Kumar S K, K M Rakshith. The Impact of GST on Accounting Practices in Chartered Accountant Firms, International Journal of Advance Research, Ideas and Innovations in Technology, www.IJARIIT.com.
APA
Akshaya M, Arun Kumar S K, K M Rakshith (2025). The Impact of GST on Accounting Practices in Chartered Accountant Firms. International Journal of Advance Research, Ideas and Innovations in Technology, 11(2) www.IJARIIT.com.
MLA
Akshaya M, Arun Kumar S K, K M Rakshith. "The Impact of GST on Accounting Practices in Chartered Accountant Firms." International Journal of Advance Research, Ideas and Innovations in Technology 11.2 (2025). www.IJARIIT.com.
Abstract
This study seeks to examine the effects of the implementation of Goods and Services Tax (GST) on the accounting practices of Chartered Accountant (CA) firms in India. Since its introduction in 2017, the GST has significantly transformed the landscape of indirect taxation, influencing how businesses and professionals approach financial reporting and compliance. The study delves into changes in accounting methodologies, the advisory roles of clients, the workload associated with compliance, and the adoption of technology by CA firms. Utilizing both primary and secondary data, the research assesses how these firms have adjusted to the GST framework, the challenges encountered, and the opportunities that have arisen. The findings reveal that while GST has simplified tax reporting processes, it has simultaneously heightened the complexity and frequency of compliance requirements, leading CA firms to invest in automation and digital solutions.