icon

PAPER 5: INDIRECT TAX LAWS CA Final Group 2

Taught by Faculties:

CA CS CMA Priyanka Saxena
CA CS CMA Priyanka Saxena
PAPER 5: INDIRECT TAX LAWS

₹7500 – ₹7500

CA Vishal Bhattad
CA Vishal Bhattad
PAPER 5: INDIRECT TAX LAWS

₹12499 – ₹13499

Syllabus

PART I: GOODS AND SERVICES TAX (80 MARKS)

Objective

To acquire the ability to analyse and interpret the provisions of the goods and services tax law and recommend solutions to case scenarios.

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) Case studies based on following:
Levy and collection of CGST and IGST - Application of CGST/IGST law; Concept of supply, inter-State supply, intra-State supply, supplies in territorial waters; Charge of tax including reverse charge;
Classification; Exemption from tax; Place of supply; Time of Supply; Value of supply; Input tax credit;
Computation of Gst liability
(ii) Procedures under GST including registration, tax invoice, credit and debit notes, electronic way-bill, accounts and records, returns, payment of tax
(iii) Refunds and case studies based on refund provisions
(iv) Job work
(v) Liability to pay in certain cases
(vi) Administration of GST; Assessment and Audit
(vii) Inspection, Search, Seizure and Arrest
(viii) Demand and Recovery; Offences and Penalties
(ix) Appeals and Revision
(x) Advance Ruling
(xi) Ethics under GST
(xii) Other provisions *
 

*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.

 

PART II: CUSTOMS & FTP (20 MARKS)

Objective

To develop an understanding of the customs laws and foreign trade policy and acquire the ability to analyse and interpret the provisions of such laws/ 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 customs duties 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 nd export goods
(v) Import and Export Procedures including special procedures relating to baggage, goods imported or exported by post, stores
(vi) Warehousing
(vii) Refund

 

2. Foreign Trade Policy

(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: While covering the above laws, students should familiarise themselves with the ethical considerations and information technology aspects involved in the compliance of these laws.
If any new legislation(s) is enacted in place of an existing legislation), the syllabus will accordingly include the corresponding provisions of such new legislation) in place of the existing legislation) 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.