CA IPCC Syllabus 2018 changes for old and new students is same. As the syllabus of CA IPCC changes after every two attempts. Same is the case this year too. Here in this article, we have provided the amendments applicable for May 2018, Group 1 and Group 2 as notified by The ICAI.
CA IPCC Syllabus 2018
The details provided here are CA IPCC Old Syllabus which is applicable for old IPCC Students under ICAI’s Old CA Course to attempt in May 2018 & November 2018. ICAI has already made it clear that it is not necessary to switch to the new course from old course, There will be no change in the CA IPCC syllabus 2018 that is for IPCC May 2018 students the syllabus would be the same except Taxation as GST would be included from May 2018.It will be compulsory for both old registered students and newly registered students.
Students will see and witness the new changes and amendments in CA IPCC syllabus would be in subjects like Accounts in Group 1, Taxation in Indirect Taxes syllabus, Law amendments for May in Nov 2018, and also in the syllabus of Auditing. We have listed the amendments and changes in syllabus for IPCC May and Nov 2018.
All the students registered under old course will be given 3 attempts to clear CA IPCC otherwise they will not have any choice left with them other than converting their course to IPCC syllabus 2018.Also, students must be aware that May 2018 is the first attempt for CA IPCC Syllabus 2018
Details of CA IPCC syllabus 2018
Change in Syllabus: Approx. 16 %
Witness major changes in : Taxation
Amendments below are: Subject wise
CA IPCC Accounts Syllabus Change May 2018
From this year, newly amended Indian Accounting Standards will be applicable and run into practice for CA IPCC May Exam 2018.Students will only witness a minor change and amendment in CA IPCC Syllabus 2018. Therefore only the basics of Indian Accounting Standards would be applicable for May 2018 CA IPCC Account Syllabus.
Also, Accounting Standard 6 has been eliminated and merged with AS 10 so for May 2018 exam students are only required to study Revised AS 10 named as Property, plant, and Equipment.
CA IPCC Law Syllabus Change May 2018
In CA IPCC Law syllabus, there is only one change that is the Applicability of Section 66 of the Companies Act,2013 notified by the Ministry of Corporate Affairs. Section 66 was not applicable for CA IPCC Syllabus 2018 but the Section 100 of the Company’s Act 1956 was applicable.
However, it is advise for the students who are going to appear CA IPCC May 2018 exam to make a note of it and study accordingly.
Section 66 stands for Reduction of Share Capital in a company
CA IPCC Costing and Financial Management Syllabus Change May 2018
While looking at the trend of Costing and FM examination, students would analyses that this subject is very static in nature. There is no change in the syllabus from the past roundabout 5 years and will remain the same in CA IPCC syllabus May and Nov 2018 as well.
CA IPCC Taxation Syllabus Change May 2018
There is the maximum number of changes and amendments in CA IPCC Syllabus 2018 for IPCC Tax Syllabus.This is due to the applicability of the Union Budget introduced in 2017.
Contents for ICA IPCC Tax syllabus for May 2018 Under INDIRECT TAX is as below:
Concept of indirect taxes (i) Concept and features of indirect taxes (ii) Principal indirect taxes 2. Goods and Services Tax (GST) Laws (i) GST Laws: An introduction including Constitutional aspects (ii) Levy and collection of CGST and IGST a) Application of CGST/IGST law b) Concept of supply including composite and mixed supplies c) Charge of tax d) Exemption from tax e) Composition levy (iv) Basic concepts of time and value of supply (vi) Input tax credit (vii) Computation of GST liability (viii) Registration (ix) Tax invoice; Credit and Debit Notes; Electronic way bill (x) Returns (xi) Payment of tax including reverse charge.
Note to make: GST is applicable for both old and new syllabus students.
CA IPCC Advanced Accounts Syllabus Change May 2018
Please be informed that there is no change in the IPCC Advanced Accounts for CA IPCC Syllabus 2018. As mentioned above, students are required to go through the basic of Indian Accounting Standards.
CA IPCC Audit Syllabus Change May 2018
The student will only witness few changes in the Auditing Syllabus, in the Company Audit. Other than this, there would be no new or major changes in CA IPCC Syllabus 2018 applicable in May.
CA IPCC ITSM Syllabus Change May 2018
Just like Costing FM and AdvancedAccountant syllabus, a student will not find much changes in the CA IPCC syllabus 2018 in ITSM for CA IPCC exam 2018.
Conclusion: All the above-mentioned changes for CA IPCC Syllabus will be applicable for May 2018 exams and also for next attempt too.
We wish all the students to perform well in the Examination. Your positive action combined with positive thinking results in success.If you have any query or doubt regarding the CA IPCC Syllabus 2018 you can write in comment box.Our team member will assist you in a better way.
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