How much can I make in a Career in Indirect Tax Laws?

Published By Rakshanda Tiwari, 22 Aug 2019

Career in Indirect Tax Laws
I am very curious about a Career in Indirect Tax Laws. I want to first understand What a Career in Indirect Tax Laws entails before I invest time and effort to figure out How to start a Career in Indirect Tax Laws. It had been a while since I was researching about a Career in Indirect Tax Laws, when I came across: 

Anshul Jain's outlook!

Anshul Jain is an experienced professional with 7 years & 4 months in Indirect Tax Laws. Anshul Jain has worked in Indirect Tax Laws as Chartered Accountant in Godfrey Phillips India Ltd. In Anshul Jain's own words, this is how Anshul Jain got into Indirect Tax Laws: "After completing my CA course, I worked with different companies like Bharti Airtel and Nangia & Co Chartered Accountants. I am working with Godfrey Phillips India Ltd since 2016." I wanted to know more about Anshul Jain and found this profile: 

Career Video on Indirect Tax Laws

In a video, Anshul Jain has talked about various aspects of a Career in Indirect Tax Laws. Anshul Jain started by explaining Indirect Tax Laws as: "An indirect tax (such as sales tax, per unit tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary such as a retail store from the person who bears the ultimate economic burden of the tax such as the consumer." It was an amazing video with great information.
In this video Education was discussed as theoretical topics needed to excel at Indirect Tax Laws, and not as Qualifications needed to enter Indirect Tax Laws. Anshul Jain touches upon these in the Education section of the Video:

  • Indirect Taxes

  • Constitutional Structure of India

  • Judicial System of India

  • Accounting

  • Legal Principles

This Career demands specific Skills which only an experienced professional can lay out.
Anshul Jain then explains why these Skills are essential for a Career in Indirect Tax Laws:

  • Interpretation of Laws

  • Drafting Skills

  • Communication

  • Management

  • Analytical

It is important to get an understanding of the Positives of this Career.
Anshul Jain believes that the following are some of the Positives of a Career in Indirect Tax Laws:

  • Lesser Competition

  • Growth Opportunities

  • Recognition

There are a few Challenges in this Career which one needs to be cognizant of.
And, Anshul Jain believes that one needs to prepare for following Challenges of a Career in Indirect Tax Laws:

  • Lesser Expertise Available

  • Time Consuming

  • Highly Litigative

In the final section of the video Anshul Jain talks about How a day goes in a Career in Indirect Tax Laws. This video is by far the best video on a Career in Indirect Tax Laws, that I have ever come across. To see the full Talk, one needs to install the LifePage Career Talks App. Here is a direct deep link of the Video:

Career Counseling 2.0

This video on a Career in Indirect Tax Laws was an eye opener and it got me very interested to learn more about the LifePage platform. LifePage has made a science of Career Counseling. Its awareness focussed approach is much more practical and action-oriented rather than absolutely any other Career platform. I suggest you learn more about them on: 

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