Career options for Commerce Graduates

Career options for Commerce Graduates

You are from the commerce stream. Then it may be a good time for you. Although everyone is not lucky to clear CA, CS, or CMA. But the commerce field has a wide area of opportunity. The Atm Nirbhar campaign of PM Modi will encourage the Industries in India. There are many new opportunities for the students of the Commerce field. New Industries and startups will need tax professionals. Even if you are unable to pursue an advanced course like CA, CMA, or CS you can still make a decent career in the tax field. Commerce graduates can also go for a small start-up. But even in that case, you need knowledge of Taxes. These options are equally viable fro the participants of CA, CMA, CS who couldn’t complete their course. You don’t need to get disheartened. 

Various fields fo a commerce graduate 

The following fields can be a good area for commerce graduates.

GST consulting and compliances

There are many complications in GST. New taxation law, emerging with lots of issues. But this factor creates a huge opportunity for professionals. GST compliance needs specific knowledge. It is not straight forward. Then taxation is quite interesting in itself. Every business needs a GST person to handle their issues. Any mistake can land them in trouble. It may result in penalties, interest, and notice from the department. You can handle the compliances. After some experience, you can also handle the notices and other complex issues.

The following course can help you in developing the basic concepts and compliance work.

Income tax Consulting and Compliance:

The next best opportunity for a commerce graduate can be consulting and compliances in income tax. This is again a vast area. The number of professionals is very high in income tax. It has many areas. You can pick basic compliances or can specialize. Some areas of specialization are:

• Income tax Litigation
• Income tax compliances
• Transfer pricing
• International taxation 

You can join the corporate sector as an employee. Working as an independent professional is another option.

Following course can handhold you get practical training of Income-tax

Specialization in the area of Real Estate compliances:

Real estate is a specialized area. Very few professionals work in this area. But then it is very vast. Real estate is the largest component of our infrastructure. After RERA compliance is increased. This field was unregulated earlier. But now it is also regulated. Every project is registered in RERA. Compliance with its provisions is required. This also results in litigation and complex cases. You can barge into this field. It is not easy and a lot of hard work is required.  This course by top professionals in this area is quite a booster for you. Both speaker are experts and handling top cases of India.

Common tips for Commerce Graduates to keep updated:

Even after the classes and training, you need updation. Tax is the most dynamic field. You need to read every single day. It is hard to keep yourself upgraded. The consequence of your half knowledge may be huge for your customer. Following tips will help you:

• See the latest notifications and circulars at CBIC, CBDT, or RERA.
• Read and discuss with other professionals.
• Create a circle of professionals from the same field.
• Discuss their issues, it will brush up your knowledge also.
• Write some analysis and post some good write-ups. It is the best way to analyze and update yourself. 
• Attend the live webinars of other experts to see what is new in your field.
• Try to make some good PPTs on the major issues.
• Don’t go for short cuts, read the basics with every assignment. It will result in a stronghold over the provisions.
• Post your issues on various groups. 
• Try to answer the issues of others.