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Courses/Finance/Economics

Accountant's Guide to Managing Economic&Societal Challenges

A Case study: India's Chaotic Adoption of the New Tax System

Created byRaghavendra Verma
4.3
(4 reviews)
IntermediateUpdated Oct 30, 2019
Accountant's Guide to Managing Economic&Societal Challenges

What You'll Learn

check_circleUnderstand the accounting challenges during macro-level tax reform.
check_circleLearn how Indian accountants addressed complex implementation issues.
check_circleAnalyze how financial systems adapt to political and cultural factors.
check_circleExamine political trade-offs made in pursuit of economic goals.
check_circleUnderstand why flexibility often outweighs initial stability in reforms.
check_circleIdentify unique features of India’s GST and their broader implications.

About This Course

In 2017, India underwent a massive and challenging shift to the Goods and Services Tax (GST), a new value-added tax system that replaced a complex web of indirect taxes. The rollout was chaotic, politically charged, and filled with technical hurdles—making it a compelling case study in large-scale financial reform. This course examines the GST transition through the lens of accounting, public policy, and economic adaptation.

You’ll explore the challenges accountants faced during this structural shift, the creative solutions they developed, and how political and cultural realities shaped the financial response. From economic compromises to the need for mid-course corrections, this course offers insight into how large economies with widespread poverty manage ambitious tax overhauls—and what the rest of the world can learn from India’s GST experiment.

Your Instructor

Raghavendra Verma
Raghavendra Verma

Journalist based in New Delhi, India

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star4 reviews

For past 28 years I have worked as a journalist for various foreign based media houses including Der Spiegel and ZDF Television from Germany, The Independent and International News Services from U.K., Law magazines from Singapore and Hong Kong, and NRC Handelsblad and NOS Television from Netherlands. I primarily report on trade, finance and industry related subjects and have also authored a book titled ‘An Indian Business Law Primer - Key Issues for companies wanting to do business in India’. Specialties: Research, media production, writing and editing.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

4.3
Student's Choice
4 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.