CA GPT | How to use CA GPT | CA GPT Vs Chat GPT | CA GPT: The Advanced AI Launched by ICAI

Summary

The video introduces CA GPT, a specialized tool launched by the Institute of Chartered Accountants, designed for Chartered Accountants. Unlike standard ChatGPT, CA GPT offers updated data for 2024, including the latest changes in GST and income tax regulations. Users can access various categories like direct and indirect taxes, insolvency, and accounting standards. The presenter demonstrates how to query the tool for specific circulars and deadlines, emphasizing the importance of cross-checking information. As a beta version, it is currently available for the first 7,500 members, aiming to enhance user experience based on feedback.

Takeaways

• 🎉 CA GPT was launched on July 1, 2024, specifically designed for Chartered Accountants (CAs).
• 📊 Unlike Chat GPT, CA GPT provides updated data relevant to the year 2024, including the latest changes in tax laws.
• 📚 The platform features 15 categories, allowing users to easily navigate topics like Direct Tax, GST, and Financial Reporting.
• 🆕 Users can access the latest circulars and updates related to GST, offering detailed information on recent changes.
• 💬 Effective interaction is encouraged; the quality of responses depends on the clarity of the queries provided by the user.
• ✅ Users are advised to cross-check the information received from CA GPT to ensure accuracy.
• 🔐 CA GPT is available exclusively for CA members, requiring a membership number for access.
• 🚧 As a beta version, users may experience occasional issues, and feedback is welcomed for improvements.
• 🎓 CA Guruji offers a variety of courses, including Income Tax, GST, and Trademark Registration, available on their website.
• 📝 Courses come with different validity types, allowing users to choose between limited-time and lifetime options.

Q & A

What is CA GPT, and how does it differ from standard ChatGPT?

CA GPT is a specialized tool launched for Chartered Accountants that provides updated data relevant to 2024. Unlike standard ChatGPT, which may only have information up to 2020, CA GPT includes the latest changes in tax regulations and standards.

What categories of information can users access through CA GPT?

Users can access various categories, including Direct Tax, GST, Indirect Tax, Financial Reporting, and more, allowing them to find specific information tailored to their needs.

How does CA GPT provide information on GST changes?

Users can input queries such as 'What are the key changes in GST 2024?' and CA GPT retrieves the latest circulars and updates related to GST, providing a summary of the information.

What should users do if they receive information from CA GPT?

Users are advised to cross-check the information retrieved from CA GPT to ensure accuracy, especially when it comes to important details like tax deadlines.

What example was given regarding income tax due dates?

When a user queried CA GPT about the due dates for filing income tax for the financial year 2023-24, the tool provided categorized due dates, including those for individuals and companies.

What limitations are mentioned regarding the current version of CA GPT?

The tool is currently in beta testing, which may result in occasional login issues and inaccuracies in the information provided. Feedback from users is encouraged to improve the tool.

Who is eligible to use CA GPT?

CA GPT is exclusively available to CA members who have a valid membership number, allowing them to log in and access the tool.

What future improvements are anticipated for CA GPT?

As it is in beta, further enhancements are expected based on user feedback to resolve any issues and optimize functionality.

How can users enroll in courses offered by CA Guruji?

Users can visit the CA Guruji website, browse the courses section, and enroll by selecting their desired course and creating an account.

What are some examples of courses offered on the CA Guruji platform?

The platform offers various courses such as Trademark Registration, Income Tax, ITR, TDS, GST, and courses on automation of balance sheets.