Our Objectives

Though there are thousands and thousands of Commerce graduate and Post Graduates in Kerala and even though they hunt every where for jobs, there is an acute shortage for and a high demand for practical Accountants, who know sales-tax accounting and practical office procedure. Uneducated, Unqualified, ignoramus and quacks still rule the field.  They are really parasites, who prey on both the officials and the businessmen. By pretending as the businessman’s saviour they overcharge the businessmen and collect huge amounts for their service. By pretending faithfulness to the officers, they divulge in secret exaggerated accounts of the businessmen’s volume of business and their mode of operation. They do this double-edged cheating to hide their ignorance of sales tax rules and practices, and win the undue favor of the officials. They are really double-edged swords that cut both officials and businessmen. Our objective is to purge the tax field from such ignoble middlemen who have neither the quality and the qualification nor the deservedness to be a tax practitioner or an accountant.

Our main objective is to equip the tax field with noble, qualified, competent tax practitioners and sales tax accountants. Several fair-minded officials and businessmen expressed us this dire need and so we have risen to the occasion. Ours is a concerted attempt to equip the field with competent and qualified men and to develop fair prices in the education sector.

Tax-Practitioner

As per rule 60(2) of The Kerala General Sales Tax (KGST), any commerce graduate shall become a Tax Practitioner, and the State Government shall provide a certificate to the trained Commerce Graduate enrolling him as a Tax Practitioner. Anyone possessing such a certificate can present books of accounts for a client before any Assessing Authority and file petitions regarding Sales Tax and Agricultural Income Tax, up to tribunal. KGST Act 1963 stipulates that every dealer whose annual turn over is above Rs. 100000 should obtain a Sales Tax Registration certificate from the respective Sales Tax Authority. Traders who make Inter-Sate Transactions have to obtain CST Registration also.

His/Her Duty

  1. To assist the dealer to register their business with the authority under KGST and CST Acts.
  2. To prepare properly the dealers accounts and other documents.
  3. To present those books and accounts and other documents before the assessing authority in time on behalf of the dealer.
  4. To help the businessmen to secure maximum sales tax exemption for the goods allowed by law and to get investment subsidy.
  5. To submit monthly and annual returns to authorities in time.
  6. To prepare Project Reports to secure loans from Banks and to prepare Balance sheet, Profit and Loss Account and Budget for the ensuing year.
  7. To advise the dealer on matters of tax and assessments to file appeals and petitions on behalf of the dealer on matters of over-assessment and arbitrary assessment.