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Indirect Tax Laws (CA Paper-8) CA Final Group 2

Syllabus

PAPER 8 : INDIRECT TAX LAWS (One paper – Three  hours – 100 Marks)

Part I: Goods and Services Tax (75 Marks)
Objective
:
To acquire the ability to analyze and interpret the provisions of the goods and services tax law and recommend solutions to practical problems.

Contents:
Goods and Services Tax (GST) Law as contained in the Central Goods and Services Tax (CGST) Act, 2017 and Integrated Goods and Services Tax (IGST) Act, 2017 including:
   
(i) Introduction to GST in India including Constitutional aspects
   (ii) Levy and collection of CGST and IGST  Application of CGST IGST law Concept of supply including composite and mixed supplies, inter State supply,          intra State supply, supplies in territorial waters  Charge of tax including reverse charge Exemption from tax Composition levy
   (iii) Place of supply
   (iv) Time and Value of supply
   (v) Input tax credit
   (vi) Computation of GST liability
   (vii) Procedures under GST including registration, tax invoice, credit and debit notes, electronic way bill, accounts and records, returns, payment of tax              including tax deduction at source and tax collection at source, refund, job work
   (viii) Liability to pay in certain cases
   (ix) Administration of GST  Assessment and Audit 
   (x) Inspection, Search, Seizure and Arrest
   (xi) Demand and Recovery
   (xii) Offences and Penalties
   (xiii) Advance Ruling
   (xiv) Appeals and Revision
   (xv) Other provisions1

Part-II: Customs & FTP (25 Marks)

Objectives:
   (a) To develop an understanding of the customs laws and acquire the ability to analyze and interpret the provisions of such laws.
   (b) To develop an understanding of the basic concepts of foreign trade policy to the extent relevant to indirect tax laws, and acquire the ability to analyze such concepts.
 
Contents
:
   1. Customs Law as contained in the Customs Act, 1962 and the Customs Tariff Act, 1975
       
(i) Introduction to customs law including Constitutional aspects
       (ii) Levy of and exemptions from customs duties   All provisions including application of customs law, taxable event, charge of customs duty,                               exceptions to levy of customs duty, exemption from custom duty
       (iii) Types of customs duties
       (iv) Classification and valuation of imported and export goods
       (v) Officers of Customs; Appointment of customs ports, airports etc.
       (vi) Import and Export Procedures including special procedures relating to baggage, goods imported or exported by post, stores
       (vii) Provisions relating to coastal goods and vessels carrying coastal goods
       (viii) Warehousing
       (ix) Drawback
       (x) Demand and Recovery Refund
       (xi) Provisions relating to prohibited goods, notified goods, specified goods, illegal importation/exportation of goods
    1 The entire CGST and IGST laws are included in the syllabus at the Final level. Any residuary provision under the CGST Act, 2017 and IGST Act, 2017,             not covered under any of the above specific provisions, would be covered under Other provisions. Further, if any new Chapter is included in the               CGST Act, 2017 and IGST Act, 2017, the syllabus will accordingly include the provisions relating thereto.
       (xii) Searches, seizure and arrest; Offences; Penalties; Confiscation and Prosecution
       (xiii) Appeals and Revision; Advance Rulings; Settlement Commission
       (xiv) Other provisions2
 2. Foreign Trade Policy to the extent relevant to the indirect tax laws
       (i) Introduction to FTP  legislation governing FTP, salient features of an FTP, administration of FTP, contents of FTP and other related provisions
       (ii) Basic concepts relating to import and export
       (iii) Basic concepts relating to export promotion schemes provided under FTP
Note  If any new legislation(s) is enacted in place of an existing legislation(s), the syllabus will accordingly include the corresponding provisions of such new legislation(s) in place of the existing legislation(s) with effect from the date to be notified by the Institute. Similarly, if any existing legislation ceases to have effect, the syllabus will accordingly exclude such legislation with effect from the date to be notified by the Institute. Students shall not be examined with reference to any particular State GST Law.

Further, the specific inclusions exclusions in any topic covered in the syllabus will be effected every year by way of Study Guidelines, if required. 

The main topics marked with asterisk have been excluded from the syllabus by way of Study Guidelines.

In addition to the main topics, various sub-topics within the scope of the main topics given above also have been excluded from the syllabus by way of Study Guidelines. Therefore, Study Guidelines need to be referred to for the complete list of exclusions from the syllabus.

 2 The entire customs law is included in the syllabus at the Final level. Any residuary provision under the Customs Act, 1962 or Customs Tariff Act, 1975, not covered under any of the above specific provisions, would be covered under Other Provisions. Further, if any new Chapter is included in the Customs Act, 1962 or Customs Tariff Act, 1975, the syllabus will accordingly include the provisions relating thereto.